Union Bank of Nigeria Past Earnings Performance
Past criteria checks 4/6
Union Bank of Nigeria has been growing earnings at an average annual rate of 11.7%, while the Banks industry saw earnings growing at 25.9% annually. Revenues have been growing at an average rate of 5.7% per year. Union Bank of Nigeria's return on equity is 11.7%, and it has net margins of 29.8%.
Key information
11.7%
Earnings growth rate
8.8%
EPS growth rate
| Banks Industry Growth | 30.4% |
| Revenue growth rate | 5.7% |
| Return on equity | 11.7% |
| Net Margin | 29.8% |
| Last Earnings Update | 31 Mar 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Union Bank of Nigeria makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 23 | 119,727 | 35,665 | 34,276 | 0 |
| 31 Dec 22 | 111,162 | 29,306 | 33,924 | 0 |
| 30 Sep 22 | 105,566 | 21,197 | 36,512 | 0 |
| 30 Jun 22 | 101,041 | 19,221 | 35,727 | 0 |
| 31 Mar 22 | 108,090 | 19,980 | 40,606 | 0 |
| 31 Dec 21 | 100,111 | 19,247 | 38,750 | 0 |
| 30 Sep 21 | 105,821 | 24,681 | 38,540 | 0 |
| 30 Jun 21 | 105,564 | 25,205 | 39,802 | 0 |
| 31 Mar 21 | 96,197 | 24,324 | 35,888 | 0 |
| 31 Dec 20 | 104,077 | 24,992 | 39,877 | 0 |
| 30 Sep 20 | 96,974 | 25,001 | 38,381 | 0 |
| 30 Jun 20 | 96,131 | 24,180 | 39,342 | 0 |
| 31 Mar 20 | 97,787 | 25,354 | 40,400 | 0 |
| 31 Dec 19 | 95,859 | 24,099 | 40,709 | 0 |
| 30 Sep 19 | 85,222 | 17,901 | 37,975 | 0 |
| 30 Jun 19 | 85,272 | 17,032 | 38,461 | 0 |
| 31 Mar 19 | 87,527 | 15,989 | 40,718 | 0 |
| 31 Dec 18 | 89,369 | 17,317 | 40,259 | 0 |
| 30 Sep 18 | 91,226 | 14,320 | 40,999 | 0 |
| 30 Jun 18 | 89,411 | 14,342 | 39,794 | 0 |
| 31 Mar 18 | 83,749 | 13,921 | 37,063 | 0 |
| 31 Dec 17 | 80,384 | 12,288 | 36,696 | 0 |
| 30 Sep 17 | 81,914 | 14,929 | 38,084 | 0 |
| 30 Jun 17 | 81,545 | 16,027 | 37,773 | 0 |
| 31 Mar 17 | 79,127 | 15,460 | 36,820 | 0 |
| 31 Dec 16 | 77,738 | 15,617 | 36,395 | 0 |
| 30 Sep 16 | 77,224 | 17,878 | 36,010 | 0 |
| 30 Jun 16 | 74,086 | 16,622 | 36,139 | 0 |
| 31 Mar 16 | 74,622 | 16,554 | 35,670 | 0 |
| 31 Dec 15 | 71,902 | 14,205 | 35,226 | 0 |
| 30 Sep 15 | 85,909 | 26,681 | 34,187 | 0 |
| 30 Jun 15 | 86,351 | 25,664 | 34,047 | 0 |
| 31 Mar 15 | 84,541 | 23,806 | 34,583 | 0 |
| 31 Dec 14 | 86,544 | 25,487 | 33,698 | 0 |
| 30 Sep 14 | 65,768 | 3,758 | 42,232 | 0 |
| 30 Jun 14 | 60,481 | 2,000 | 40,879 | 0 |
| 31 Mar 14 | 61,906 | 6,048 | 41,482 | 0 |
| 31 Dec 13 | 63,926 | 8,702 | 42,947 | 0 |
| 30 Sep 13 | 63,185 | 5,089 | 40,943 | 0 |
| 30 Jun 13 | 71,080 | 10,194 | 42,197 | 0 |
| 31 Mar 13 | 81,159 | 12,162 | 44,838 | 0 |
| 31 Dec 12 | 77,312 | 6,898 | 47,271 | 0 |
Quality Earnings: UBN has high quality earnings.
Growing Profit Margin: UBN's current net profit margins (29.8%) are higher than last year (18.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UBN's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: UBN's earnings growth over the past year (78.5%) exceeds its 5-year average (11.7% per year).
Earnings vs Industry: UBN earnings growth over the past year (78.5%) did not outperform the Banks industry 90.3%.
Return on Equity
High ROE: UBN's Return on Equity (11.7%) is considered low.