Stock Analysis
Union Bank of India Full Year 2024 Earnings: EPS: ₹19.15 (vs ₹12.45 in FY 2023)
Union Bank of India (NSE:UNIONBANK) Full Year 2024 Results
Key Financial Results
- Revenue: ₹480.1b (up 35% from FY 2023).
- Net income: ₹138.0b (up 62% from FY 2023).
- Profit margin: 29% (up from 24% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹19.15 (up from ₹12.45 in FY 2023).
UNIONBANK Banking Performance Indicators
- Net interest margin (NIM): 2.99% (up from 2.90% in FY 2023).
- Cost-to-income ratio: 46.4% (up from 46.3% in FY 2023).
- Non-performing loans: 9.11% (up from 7.98% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Union Bank of India Earnings Insights
The primary driver behind last 12 months revenue was the Corporate / Wholesale Banking segment contributing a total revenue of ₹422.2b (88% of total revenue). The largest operating expense was General & Administrative costs, amounting to ₹190.0b (56% of total expenses). Explore how UNIONBANK's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Banks industry in India.
Performance of the Indian Banks industry.
The company's shares are down 7.0% from a week ago.
Valuation
Following the latest earnings results, Union Bank of India may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
Valuation is complex, but we're helping make it simple.
Find out whether Union Bank of India is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're helping make it simple.
Find out whether Union Bank of India is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NSEI:UNIONBANK
Union Bank of India
Provides various banking products and services.