- UOB‘s 1Q total income surpassed estimates, amounting to S$3.52 billion compared to the estimated S$3.44 billion.
- The net income for the same period stood at S$1.57 billion.
- This net income figure drops to S$1.49 billion after considering one-off costs.
- Net interest income for the quarter was S$2.36 billion.
- Meanwhile, the net fee income added another S$580 million to UOB‘s coffers.
- The bank recorded an impairment charge of S$163 million.
- The net interest margin was reported to be 2.02%.
- The non-performing loans ratio of the bank was 1.5%.
- UOB maintains a healthy common equity tier 1 ratio of 13.9%.
- The bank receives strong support from investors with 12 buys, 5 holds, and 1 sell.
A look at UOB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
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United Overseas Bank Limited’s long-term outlook, as indicated by the Smartkarma Smart Scores, suggests a positive trajectory for the company. With a strong score in momentum, UOB appears to have significant growth potential and market support. Additionally, the high scores in both dividend and growth factors underline the company’s commitment to rewarding investors while maintaining a strong growth profile.
UOB‘s diversified range of financial services coupled with respectable scores in resilience and value further reinforce its position as a robust player in the industry. The overall Smart Scores paint a favorable picture for UOB, indicating a company with promising growth prospects, a focus on shareholder returns, and a solid standing in the market.
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### United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance. ###
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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