Reported Earnings • May 19
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₱5.86b (up 6.1% from 1Q 2025). Net income: ₱3.20b (up 1.8% from 1Q 2025). Profit margin: 55% (down from 57% in 1Q 2025). The decrease in margin was driven by higher expenses. Announcement • Apr 24
Asia United Bank Corporation, Annual General Meeting, Jun 26, 2026 Asia United Bank Corporation, Annual General Meeting, Jun 26, 2026, at 09:00 W. Australia Standard Time. Location: via hybrid set-up, Philippines Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: ₱8.73 (vs ₱7.79 in FY 2024) Full year 2025 results: EPS: ₱8.73 (up from ₱7.79 in FY 2024). Revenue: ₱23.2b (up 12% from FY 2024). Net income: ₱12.7b (up 12% from FY 2024). Profit margin: 55% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock has risen 11% to ₱43.35. The fair value is estimated to be ₱54.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Feb 04
Now 20% undervalued Over the last 90 days, the stock has risen 11% to ₱42.30. The fair value is estimated to be ₱52.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Nov 18
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₱5.91b (up 4.4% from 3Q 2024). Net income: ₱3.24b (down 3.2% from 3Q 2024). Profit margin: 55% (down from 59% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₱38.50. The fair value is estimated to be ₱48.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 29%. Recent Insider Transactions • Oct 11
Independent Director recently bought ₱454k worth of stock On the 9th of October, Acmad Rizaldy Moti bought around 11k shares on-market at roughly ₱41.31 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱4.5m more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Sep 16
Now 20% undervalued Over the last 90 days, the stock has risen 19% to ₱44.30. The fair value is estimated to be ₱55.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 37%. Upcoming Dividend • Sep 12
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 30 September 2025. Trailing yield: 2.6%. Lower than top quartile of Filipino dividend payers (6.0%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 16
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₱5.29b (down 2.3% from 2Q 2024). Net income: ₱2.99b (up 3.2% from 2Q 2024). Profit margin: 56% (up from 54% in 2Q 2024). The increase in margin was driven by lower expenses. Upcoming Dividend • Aug 07
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 22 August 2025. Trailing yield: 2.3%. Lower than top quartile of Filipino dividend payers (5.9%). Lower than average of industry peers (3.8%). Recent Insider Transactions • Jun 18
Insider recently bought ₱365k worth of stock On the 16th of June, Ernesto Tan Uy bought around 5k shares on-market at roughly ₱73.00 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₱1.1m. Insiders have collectively bought ₱4.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 29
Insider recently bought ₱1.1m worth of stock On the 26th of May, Ernesto Tan Uy bought around 15k shares on-market at roughly ₱70.03 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₱3.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 20
President & Director recently bought ₱434k worth of stock On the 14th of May, Manuel Gomez bought around 6k shares on-market at roughly ₱72.40 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Manuel has been a buyer over the last 12 months, purchasing a net total of ₱2.1m worth in shares. Reported Earnings • May 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: ₱5.52b (up 25% from 1Q 2024). Net income: ₱3.14b (up 34% from 1Q 2024). Profit margin: 57% (up from 53% in 1Q 2024). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 28
Now 22% undervalued Over the last 90 days, the stock has risen 8.9% to ₱67.00. The fair value is estimated to be ₱85.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 37%. Announcement • Mar 21
Asia United Bank Corporation, Annual General Meeting, Jun 27, 2025 Asia United Bank Corporation, Annual General Meeting, Jun 27, 2025, at 09:00 W. Australia Standard Time. Location: via hybrid set-up, Philippines Recent Insider Transactions • Mar 07
President & Director recently bought ₱215k worth of stock On the 3rd of March, Manuel Gomez bought around 3k shares on-market at roughly ₱72.00 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Manuel has been a buyer over the last 12 months, purchasing a net total of ₱1.4m worth in shares. Buy Or Sell Opportunity • Jan 17
Now 20% undervalued Over the last 90 days, the stock has risen 15% to ₱72.00. The fair value is estimated to be ₱90.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Nov 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₱5.66b (up 36% from 3Q 2023). Net income: ₱3.35b (up 72% from 3Q 2023). Profit margin: 59% (up from 47% in 3Q 2023). The increase in margin was driven by higher revenue. Recent Insider Transactions • Nov 05
President & Director recently bought ₱890k worth of stock On the 30th of October, Manuel Gomez bought around 15k shares on-market at roughly ₱59.00 per share. This transaction increased Manuel's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Manuel's only on-market trade for the last 12 months. Upcoming Dividend • Aug 29
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Filipino dividend payers (6.6%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₱5.03b (up 20% from 2Q 2023). Net income: ₱2.89b (up 37% from 2Q 2023). Profit margin: 57% (up from 51% in 2Q 2023). The increase in margin was driven by higher revenue. Declared Dividend • Jul 12
Dividend of ₱1.00 announced Shareholders will receive a dividend of ₱1.00. Ex-date: 5th September 2024 Payment date: 30th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has remained flat since 7 years ago. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jul 05
Upcoming dividend of ₱1.33 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Filipino dividend payers (6.2%). Lower than average of industry peers (4.0%). New Risk • Jun 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 49% Last year net profit margin: 75% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (49% net profit margin). Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₱4.63b (up 22% from 1Q 2023). Net income: ₱2.34b (up 16% from 1Q 2023). Profit margin: 51% (down from 53% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 28
Asia United Bank Corporation, Annual General Meeting, Jun 28, 2024 Asia United Bank Corporation, Annual General Meeting, Jun 28, 2024, at 01:00 Coordinated Universal Time. Agenda: To consider approval of the Minutes of the Previous Stockholders' Meeting; to consider President's Report and Presentation of Financial Statements; to consider Ratification of all Acts of the Board of Directors and Officers; to consider Election of Directors; to consider Appointment of External Auditor and to consider other matters. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: ₱11.34 (vs ₱8.61 in FY 2022) Full year 2023 results: EPS: ₱11.34 (up from ₱8.61 in FY 2022). Revenue: ₱16.7b (up 25% from FY 2022). Net income: ₱8.25b (up 32% from FY 2022). Profit margin: 49% (up from 47% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 24
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to ₱33.05. The fair value is estimated to be ₱41.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 36%. Buying Opportunity • Jan 18
Now 20% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be ₱41.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 36%. Buying Opportunity • Dec 13
Now 22% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be ₱62.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 36%. Upcoming Dividend • Dec 11
Upcoming dividend of ₱0.33 per share at 4.2% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (3.4%). Upcoming Dividend • Dec 07
Upcoming dividend of ₱0.33 per share at 4.2% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Filipino dividend payers (5.9%). Higher than average of industry peers (3.3%). Announcement • Nov 29
Asia United Bank Corporation Approves Cash Dividend, Payable on December 22, 2023 Asia United Bank Corporation at its board meeting held on, the Bank's Board of Directors, upon recommendation of Management, approved the declaration of cash dividends amounting to PHP 240,228,716 or PHP 0.33 per share. Conformably with the rules of the Securities and Exchange Commission and the Philippine Stock Exchange, the Record Date and Payment. Record Date - December 15, 2023 and Payment Date - December 22, 2023. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₱4.16b (up 16% from 3Q 2022). Net income: ₱1.95b (up 15% from 3Q 2022). Profit margin: 47% (in line with 3Q 2022). Buying Opportunity • Sep 11
Now 21% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be ₱58.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 30%. Upcoming Dividend • Sep 04
Upcoming dividend of ₱1.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Filipino dividend payers (5.5%). Higher than average of industry peers (3.3%). Announcement • Aug 30
Asia United Bank Corporation Announces Management Changes Asia United Bank Corporation announced the resignation of Mr. Leonides Intalan as Senior Vice President/Head of Consumer Lending Group, effective September 1, 2023. The company also changed the Designation of Ms. Laidy Claire Dela Rosa from Chief Compliance Officer (OIC) to Chief Compliance Officer and Mariflor L. Cruz From Senior Vice President- Head of Internal Audit (OIC) to Senior Vice President- Head of Internal Audit, Effective August 25 2023. Announcement • Aug 18
Asia United Bank Corporation Approves the Declaration of Cash Dividends, Payable on July 6, 2023 and September 28, 2023 Respectively Asia United Bank Corporation advised that in a meeting held on August 17, 2023 the Bank's Board of Directors, upon recommendation of Management, approved the declaration of cash dividends amounting to Two PHP 2.00 per share which is to be paid in two tranches. Conformably with the rules of the Commission and the Philippine Stock Exchange, the Record Dates and Payment Dates for the two tranches of the following cash dividend declaration shall be as follows: First Tranche: Amount of Dividend - PHP 1.00/share, Record Date - June 9, 2023, Payment Date - July 6, 2023. Second Tranche: Amount of Dividend - PHP 1.00/share, Record Date - September 12, 2023, Payment Date - September 28, 2023. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ₱4.35 (vs ₱3.29 in 2Q 2022) Second quarter 2023 results: EPS: ₱4.35 (up from ₱3.29 in 2Q 2022). Revenue: ₱4.18b (up 24% from 2Q 2022). Net income: ₱2.11b (up 32% from 2Q 2022). Profit margin: 51% (up from 48% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
Asia United Bank Corporation Announces Board Changes Asia United Bank Corporation announced the resignation of Mr. Adolfo S. Azcuna as Director, who will be designated as Senior Adviser to the Board. The company also announced the election of Mr. Jonathan C. Ng as Director to replace Mr. Azcuna. Mr. Jonathan C. Ng, is the Vice Chairman of the Republic Biscuit Corporation (REBISCO). Concurrent to this role, he also holds executive positions in several companies under the REBISCO Group namely: President of Suncrest Foods Incorporated, President of Multirich Foods Corporation, Chairman/President of RBC Retail Stores Corporation, Chairman/President of SFI Multimix Corporation, Chairman of Omnipack Industrial Corporation, and Director of SPI Corporation. Mr. Ng is also a stockholder of RBC Best Baker Food Inc. and Action Republic Corporation, and a trustee of Rebisco Foundation Inc. Morevoer, he is currently an Independent Director of Pico De Loro started 2023. He graduated with a Bachelor of Arts degree in Management Economics from the Ateneo de Manila University. The changes are effective from July 4, 2023. Announcement • Jul 04
Asia United Bank Corporation Announces Executive Changes Asia United Bank Corporation announced the resignation of Ms. Cynthia P. Santos (Chief Compliance Officer). Ms. Laidy Claire Dela Rosa will be the Chief Compliance Officer (OIC) effective July 1, 2023. Ms. Laidy Claire C. Dela Rosa is currently Vice President and Head of Regulatory Compliance under Compliance Group since March 2023. Prior to this assignment, she was the Branch Banking Group (BBG) Operations Support Department Head for 7 years, and task to monitor the group's operational performance and efficiency. Her function includes support to branches in terms of system innovation, manpower development and standardization of policies and procedures. Ms. De la Rosa joined AUB in August 2011 and was an Auditor for 5 years. Prior to AUB, she was with Sycip, Gorres, Velayo and Co. as Audit Supervisor for 5 years. She is a Certified Public Accountant and graduated from Philippine School of Business Administration in 2004. Retirement of Mr. Florante C. Del Mundo (Internal Audit Group Head). Ms, Mariflor Cruz will be the Internal Audit Group Head (OIC) effective July 1, 2023. Retirement of Ms. Hermina Musico, (Treasurer). Ms. Soledad Reyes will be the Treasurer effective July 1, 2023. Announcement • Jun 27
Asia United Bank Corporation Appoints Ann Margaret K. Lorenzo as Assistant Corporate Secretary Asia United Bank Corporation announced that at the Organizational Meeting and Board Meeting Ann Margaret K. Lorenzo, Assistant Corporate Secretary was elected as officer of the Bank for the year 2022-2023 to serve as such until the successor shall have been duly elected and qualified. The following directors and officers were likewise elected as members of the different Board committees pursuant to the Bank's By-Laws and Manual of Corporate Governance, to serve as such for the ensuing year until their successors have been duly elected and qualified: Executive Committee: Abraham T. Co Chairman Manuel A. Gomez Member; Jacob C. Ng Member; Ernesto T. Uy Officer (non-voting); Audit Committee: Teresita Ang See (ID) Chairperson Atty. Romero Federico S. Quimbo (ID) Member; Ret. Justice Adolfo S. Azcuna (NED) Member; George T. Chua (NED) Member; Florante C. Del Mundo - Officer (non-voting); Risk Oversight Committee: Atty. Romero Federico S. Quimbo (ID) – Chairman; Teresita Ang See (ID) Member; Ret. Justice Adolfo S. Azcuna (NED) Member; Manuel A. Gomez – Member; Maria Teresa C. Ogbinar - Officer (non-voting); Corporate Governance Committee: Atty. Romero Federico S. Quimbo (ID) Chairman; Teresita Ang See (ID) Member; Ret. Justice Adolfo S. Azcuna (NED) Member; Atty. Lily K. Gruba (NED) Member; George T. Chua (NED) – Member; Related Party Transactions Committee: Atty. Romero Federico S. Quimbo (ID) Chairman; Teresita Ang See (ID) Member; Ret. Justice Adolfo S. Azcuna (NED) Member; George T. Chua (NED) Member; Trust Committee: Atty. Lily K. Gruba (NED) Chairperson Ret. Justice Adolfo S. Azcuna (NED) Member; Abraham T. Co Member; Manuel A. Gomez Member; Andrew A. Chua Member (Trust Officer). Announcement • May 30
Asia United Bank Corporation Approves the Declaration of Cash Dividends, Payable on July 6, 2023 and September 28, 2023 Asia United Bank Corporation advised that in a meeting held on May 26, 2023 the Bank's Board of Directors, upon recommendation of Management, approved the declaration of cash dividends amounting to Two PHP 2.00 per share which is to be paid in two tranches. First Tranche: Amount of Dividend - PHP 1.00/share, Record Date is June 9, 2023, Payment Date is July 6, 2023. Second Tranche: Amount of Dividend is PHP 1.00/share. Record Date is September 12, 2023. Payment Date is September 28, 2023. Recent Insider Transactions • May 19
Insider recently bought ₱440k worth of stock On the 17th of May, Ernesto Tan Uy bought around 10k shares on-market at roughly ₱44.00 per share. This transaction increased Ernesto Tan Uy's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 2.0%. The fair value is estimated to be ₱52.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: ₱12.91 (vs ₱8.35 in FY 2021) Full year 2022 results: EPS: ₱12.91 (up from ₱8.35 in FY 2021). Revenue: ₱13.4b (up 27% from FY 2021). Net income: ₱6.27b (up 55% from FY 2021). Profit margin: 47% (up from 38% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 29
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₱51.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Mar 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be ₱51.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Feb 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be ₱51.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Nov 22
Asia United Bank Corporation Appoints Acmad Rizaldy P. Moti as Independent Director Asia United Bank Corporation announced that at the special meeting was held on November 22,2022, the company approved the appointment of Mr. Acmad Rizaldy P. Moti as independent director. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Teresita See was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: ₱3.58b (up 30% from 3Q 2021). Net income: ₱1.70b (up 70% from 3Q 2021). Profit margin: 47% (up from 36% in 3Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Oct 04
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 11 October 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Filipino dividend payers (5.8%). Higher than average of industry peers (2.8%). Upcoming Dividend • Jul 05
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 12 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Filipino dividend payers (4.9%). Higher than average of industry peers (2.8%). Announcement • Jun 25
Asia United Bank Corporation Approves the Declaration of Cash Dividends, Payable on July 29, 2022 and October 31, 2022 The board of directors of Asia United Bank Corporation, Upon recommendation of Management, approved the declaration of cash dividends amounting to PHP 2 per share which is to be paid in two tranches. Conformably with the rules of the Commission and the Philippine Stock Exchange, the Record Dates and Payment Dates for the two tranches of the following cash dividend declaration shall be as follows: First Tranche: Amount of Dividend - PHP 1.00/share, Record date - July 15, 2022 and Payment Date - July 29, 2022. Second Tranche: Amount of Dividend PHP 1.00/share, Record date - October 14, 2022 and Payment Date - October 31, 2022. Announcement • May 28
Asia United Bank Corporation Announces Executive Changes Asia United Bank Corporation announced that at the meeting of the Board of Directors held on May 27, 2022, the Board approved the promotion of ATTY. RAINER T. DEFANTE from Senior Vice President, President of Rural Bank of Angeles to the position of Executive Vice President, President of Rural Bank of Angeles effective January 1, 2022. At the same meeting, the Board also approved the promotion of the following, effective January 1, 2022: MARIA MAGDALENA V. SURTIDA from First Vice President, Group Head, Cards and Acquiring to the position of Senior Vice President, Group Head, Cards and Acquiring; JILL MAE J. ANG from First Vice President, Region Head of AMG West Metro Manila 1, concurrent Team Leader to the position of Senior Vice President, Region Head of AMG West Metro Manila 1, concurrent Team Leader. CRISTINA O. PAMA from First Vice President, Region Head of AMG VisMin/Concurrent Team Leader of AMG Mindanao to the position of Senior Vice President/Region Head of AMG VisMin/Concurrent Team Leader of AMG Mindanao. Reported Earnings • May 18
Full year 2021 earnings released: EPS: ₱8.35 (vs ₱6.23 in FY 2020) Full year 2021 results: EPS: ₱8.35 (up from ₱6.23 in FY 2020). Revenue: ₱10.6b (up 9.9% from FY 2020). Net income: ₱4.05b (up 34% from FY 2020). Profit margin: 38% (up from 31% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Teresita See was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Asia United Bank Corporation, Annual General Meeting, Jun 24, 2022 Asia United Bank Corporation, Annual General Meeting, Jun 24, 2022, at 01:00 Coordinated Universal Time. Agenda: To consider approval of the Minutes of the Previous Stockholders' Meeting; to consider President's Report and Presentation of Financial Statements; to consider ratification of all Acts of the Board of Directors and Officers; to consider election of Directors; to consider appointment of External Auditor; to consider amendment of by-laws; and to consider other matters. Buying Opportunity • Mar 04
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₱55.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.8% per annum over the last 3 years. Buying Opportunity • Feb 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be ₱56.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.8% per annum over the last 3 years. Announcement • Nov 22
Asia United Bank Corporation Provides Earnings Guidance for 2021 Asia United Bank Corporation provides earnings guidance for 2021. The company expects to meet its consolidated net income target of PHP 4 billion this year as improving business and consumer confidence boosts its core business. This is 30% higher than the group's net income of PHP 3 billion in 2020. Reported Earnings • Nov 22
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: ₱2.55b (down 16% from 3Q 2020). Net income: ₱998.0m (down 32% from 3Q 2020). Profit margin: 39% (down from 48% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Executive Departure • Oct 06
Senior VP & Group Head of Investment Banking Eddie Casanova Dorotan has left the company On the 30th of September, Eddie Casanova Dorotan's tenure as Senior VP & Group Head of Investment Banking ended. As of June 2021, Eddie still personally held only 2.25k shares (₱104k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Upcoming Dividend • Oct 05
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 12 October 2021. Payment date: 29 October 2021. Trailing yield: 4.5%. Within top quartile of Filipino dividend payers (4.1%). Higher than average of industry peers (2.1%). Executive Departure • Sep 23
Vice Chairman of the Board Ramon Sy has left the company On the 16th of September, Ramon Sy's tenure as Vice Chairman of the Board ended after 9.6 years in the role. As of June 2021, Ramon still personally held only 31.52k shares (₱1.5m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.88 years. Announcement • Aug 31
Digital Wallet Corporation acquired Redimoney Express Pte Ltd from Asia United Bank Corporation (PSE:AUB). Digital Wallet Corporation acquired Redimoney Express Pte Ltd from Asia United Bank Corporation (PSE:AUB) on August 31, 2021. The Monetary Authority of Singapore (MAS) has approved Digital Wallet Corporation 's acquisition.
Digital Wallet Corporation completed the acquisition of Redimoney Express Pte Ltd from Asia United Bank Corporation (PSE:AUB) on August 31, 2021. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₱2.49 (vs ₱2.30 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₱2.96b (up 14% from 2Q 2020). Net income: ₱1.21b (up 8.6% from 2Q 2020). Profit margin: 41% (down from 43% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jul 05
Upcoming dividend of ₱1.00 per share Eligible shareholders must have bought the stock before 12 July 2021. Payment date: 30 July 2021. Trailing yield: 4.3%. Within top quartile of Filipino dividend payers (4.0%). Higher than average of industry peers (2.0%). Reported Earnings • May 22
First quarter 2021 earnings released: EPS ₱1.69 (vs ₱2.44 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₱2.26b (down 24% from 1Q 2020). Net income: ₱736.0m (down 38% from 1Q 2020). Profit margin: 33% (down from 40% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jan 26
Asia United Bank Appoints Carol P. Warner as the Senior Vice President- Office of the President The Board of Directors of Asia United Bank in its meeting approved the appointment Of Carol P. Warner as the Senior Vice President- Office of the President . Is New 90 Day High Low • Dec 18
New 90-day high: ₱46.35 The company is up 2.0% from its price of ₱45.25 on 18 September 2020. The Filipino market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: ₱44.00 The company is down 4.0% from its price of ₱46.00 on 03 September 2020. The Filipino market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 25% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: ₱44.10 The company is down 5.0% from its price of ₱46.20 on 30 July 2020. The Filipino market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₱44.30 The company is down 6.0% from its price of ₱47.00 on 24 June 2020. The Filipino market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 9.0% over the same period. 
