United Bank Ltd (UBL): 1QCY25 Result Review — Higher NII led to earnings incline -- By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">United Bank Ltd (UBL) announced its 1QCY25 financial results earlier today, wherein the bank posted NPAT of PkR36.1bn (EPS: PkR28.8) for the quarter, up 126%YoY/39%QoQ. The result is significantly above our expectations due to higher than expected NII and provisioning reversal. In addition to the result, bank announced an interim cash payout of PkR11/sh and stock split in the ratio of 2 shares for 1 share held.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NII recorded at PkR84.2bn in 1QCY25, up by 200%YoY/30%QoQ, primarily due to higher investment book, up 60%YoY/27%QoQ and advances, up 7.1%YoY, compared to SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-si...