Financial Management of United Overseas Bank Ltd

This article provides a financial analysis of United Overseas Bank Ltd, including horizontal and vertical analysis of financial statements, economic analysis of the banking industry, and financial ratios. It also discusses UOB's profitability, stability and liquidity, and efficiency.

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FINANCIAL MANAGEMENT
Author
Course
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Table of Contents
SECTION A...............................................................................................................................3
Introduction................................................................................................................................3
Financial Analysis......................................................................................................................3
Horizontal and Vertical Analysis of UOB Financial Statements...........................................3
Economic Analysis of the Banking Industry.........................................................................4
Financial Ratios......................................................................................................................4
Profitability........................................................................................................................4
Dividend Ratios..................................................................................................................6
Stability and Liquidity Ratios............................................................................................7
Efficiency...........................................................................................................................8
Compare UOB with Industry Average.......................................................................................9
UOB current market share price analysis.............................................................................10
UOB Customer Service........................................................................................................11
Section B: UOB Corporate Governance Compliance..............................................................12
News That Has Impact On Bank’s Financial Performance.................................................12
Impact on Brand and Reputation..........................................................................................12
Corporate Governance.........................................................................................................13
Conclusion................................................................................................................................13
REFERENCES.........................................................................................................................15
APPENDICES..........................................................................................................................17
Appendix 1: Horizontal analysis of UOB balance sheet......................................................17
Appendix 2: Vertical analysis of UOB balance sheet..........................................................18
Appendix 3: Horizontal analysis of UOB income statement...............................................19
Appendix 4: Vertical analysis of UOB income statement...................................................20

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Financial Management of United Overseas Bank Ltd
SECTION A
Introduction
United Overseas Bank Ltd is usually Singapore multinational banking firm. The company
operates across Singapore with several branches located in Southeast Asian nations.
Established in the year 1935, the bank is third largest financial institution in the South-East
Asia by total assets. It provides wide range of services including corporate and commercial
banking services, private banking, corporate financial, performance financial services,
venture capital, insurance and investment services. Generally, UOB has over 68 branches
across Singapore and over 500 offices across 19 nations and regions within North American,
the Western Europe and Asia Pacific. Currently, UOB is one of the top banks in the world as
the company has grown rapidly since its establishment as a result of several strategic
acquisitions. The bank offers several financial services across the globe through its three
chief segments; that is, global markets, global wholesale banking as well as global retail.
Through its subsidiaries, UOB offer insurance services, venture capital management as well
as asset management.
Financial Analysis
As a financial analyst or an investor, one should dig into an organization’s financial
statements. One can look at the financial statements in isolations; nonetheless, it is crucial to
company organization’s financial results to selected firms within the industry, companies
outside the sector as well as against other period in determining whether the firm might be a
good investment. There are different forms of analysis which could be performed; these are;
vertical, horizontal or ratio analysis.
Horizontal and Vertical Analysis of UOB Financial Statements

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Based on Appendix 1 below, it is evident that UOB total assets increased year by year,
though the amount differed over the years. Similarly, its total liabilities for the bank increased
year by year. Further, it is evident that its total liabilities represented at least 90% of the total
assets over the past five years (Appendix 2). Moreover, based on Appendix 3 below, it is
clear that the total revenue increased every year except in the year 2016 where a slight
decrease was recorded. Despite the decrease in 2016, UOB has gained significant increase in
its total revenue. On the other hand, its net profit is said to have decreased in the year 2015
and 2016, nonetheless, it gained momentum in 2017.
Economic Analysis of the Banking Industry
Singapore is presently the most renowned financial hub across the globe with its banking
sector account for over 10% of city state’s GDP (Bestar 2019). This industry employs just a
small portion of Singapore personnel which makes it among the highest value-added sector
across the country. Generally, Singapore is considered as one of the powerful banking centre
that caters for both domestic finances as well as monetary activities for the entire Asia-Pacific
(3E Accounting 2019). Being heartened by nation’s stable economic and political climate,
law enforcement against money crimes and frauds, effective taxation and legislation, the
country banking sectors is one of the most competitive sectors across the globe. Furthermore,
it is the Asian third-largest financial institution that provides several services from the
consumer credits to insurance and investment operations (One Visa 2019).
Financial Ratios
Profitability
Net profit ratio
2014 2015 2016 2017 2018
Industr
y
Net Margin % 46.53 42.88 41.53 41.29 45.75 39.2%

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The net margin for UOB was 46.53% in 2014 which later decreased over the years to 42.88
in 2015 to 41.53% in 2016 and later to 41.29% in 2017. Nonetheless, the ratio increased to
45.75% in 2018. The trend in net margin is attributable to decreasing net income between
2014 and 2017 and increasing net income reported in 2018.
Return on assets
2014 2015 2016 2017 2018
Industr
y
Return on Assets % 1.07 1 0.92 0.94 1.04 1
Return on Equity % 11.59 10.58 9.56 9.43 10.47 12.04
It is evident that UOB ROA decreased from 1.07 in 2014 to 0.94 in 2017 but later increased
to 1.04 in 2018. The trend is a good sign that despite the decrease, the company management
has gained its effectiveness in utilizing the bank assets to generate income.
Operating ratio
2014 2015 2016 2017 2018
Industr
y
Return on Assets %
57.81
%
55.31
%
54.15
%
54.50
%
56.08
%
48.45%
Operating ratio for UOB in 2014 was 57.81% that decreased over the years to 54.50% in
2017. Nonetheless, the ratio gained momentum in 2018 increasing to 56.08%. The operation
ratio for the bank was relatively higher than industry average meaning that it was doing well
within the industry.

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Return on Equity / Return on Investment
2014 2015 2016 2017 2018
Industr
y
Return on Equity % 11.59 10.58 9.56 9.43 10.47 12.04
As per the above values, it is evident that UOB ROE decreased from 11.59% in 2014 to 9.43
in 2017 but later increased to 10.47% last year. The trend in ROE was as a result of decrease
in net income between 2014 and 2017 and increase in net income reported in 2018. Its ROE
was lower as compared to industry average for the last five years.
Dividend Ratios
Dividend Yield ratio
2014 2015 2016 2017 2018
Industr
y
Dividend yield 3.26% 3.34% 3.43% 3.78% 4.88% 3.95%
Its dividend yield increased over the last five years. This is a clear sign that the company has
been experiencing increased dividends which were distributed to its shareholders. Besides,
the company dividend yield is relatively higher than the industry average.
Dividend Payout ratio
2014 2015 2016 2017 2018
Industr
y
Dividend Pay-out Ratio % 34.4 44.5 37.2 37.4 41.1 30.21
As per the analysis, UOB dividend pay-out was 34.4 in 2014 which later increased to 44.5 in
2015. Nonetheless, the ratio decreased to 37.2 in 2016. This was attributable to decrease in
dividend paid in proportional to increase in the net income for the bank. The ratio later
increased to 37.4 in 2017 and to 41.1 in 2018. This shows that the company is in a stable

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position financially. The bank dividend pay-out was higher compared to industry average for
the past five year meaning that the company is amongst the best company giving good return
to shareholders.
Price earnings ratio
2014 2015 2016 2017 2018
P/E 9.0 10.7 11.0 13.4 10.5 9.31
UOB P/E ratio for the past five years has been experiencing asymmetric trend with increasing
and decreasing trend over the period. The company P/E ratio increased from 2014 to 2017
and later decreased in 2018. Despite the decrease in UOB P/E in 2018, the ratio was higher
compared to industry average.
Earnings per share ratio
2014 2015 2016 2017 2018
Industr
y
Earnings Per Share SGD 1.97 1.93 1.85 1.98 2.33 1.54
In this case, UOB EPS ratio for the year ending 2014 was 1.97, nonetheless, the ratio
decreased to 1.93 in 2015 and further to 1.85 in 2016. The decrease was attributed to decrease
in its net income over the same period. Nonetheless, the ratio increased to 1.98 in 2017 and
later to 2.33 in 2018. This was attributable to increase in the bank net income over the years.
Its EPS was higher compared to industry average over the last five years.
Stability and Liquidity Ratios
Debt to Equity ratio
2014 2015 2016 2017 2018 Industry
Debt/Equity 0.76 0.69 0.81 0.7 0.83 0.65

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UOB debt to equity was 0.76 in 2014 that later decreased to 0.69 in 2015 but later increased
to 0.81 in 2016. Furthermore, the ratio decreased to 0.7 in 2017 and later increased to 0.83.
Hence, it is evident that UOB debt/equity ratio has been experiencing asymmetric trend over
the past five years. Despite the trend, it is evident that the company has been financing its
operations using equity rather than relying on debt finances. The ratio was higher compared
to industry average though was not badly off.
Gearing ratio
2014 2015 2016 2017 2018
Industr
y
Gearing ratio 10.67 10.56 10.34 9.73 10.32 o.65
As per the above analysis, gearing ratio for UOB decreased from 10.67 in 2014 to 9.73 in
2017. Nonetheless, the ratio increased to 10.32 in the year 2018. The ratio has been relatively
higher over the past five years meaning that the bank has been at risk despite the decrease
indicated between 2014 and 2017. In essence, the ratio indicates that the company has been
using debt finance in funding its continuing operations. The ratio was higher than industry
average.
Current ratio or working capital ratio
2014 2015 2016 2017 2018
Industr
y
Quick ratio 0 0 0 0 0 0.0
The bank current ratio was at zero, meaning that despite having increasing total assets, it
seems to struggle in settling its debt. The ratio is equal to industry average.

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Quick ratio or acid test ratio
2014 2015 2016 2017 2018
Industr
y
Quick ratio 0 0 0 0 0 0.0
UOB quick ratio remained significantly low at zero over the last five years. In fact, the ratio
was significantly equivalent with industry average meaning that the bank is as per the
industry performance.
Efficiency
Asset Turnover ratio
2014 2015 2016 2017 2018
Industr
y
Asset Turnover 0.02 0.02 0.02 0.02 0.02 0
As per the analysis, UOB asset turnover for the period remained at 0.02. This ratio is
relatively high compared to industry average meaning that the bank is efficient in the manner
in which it uses its total assets.
Current Asset turnover ratio
2014 2015 2016 2017 2018
Industr
y
Current asset turnover 0.026 0.027 0.025 0.026 0.026 0.01
UOB current asset turnover increased from 0.026 in 2014 to 0.027 in 2015 but later decreased
to 0.025 in 2016 where it later gained momentum and rose to 0.026. The ratio was relatively
above the industry average.
Stock or inventory turnover ratio

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2014 2015 2016 2017 2018
Industr
y
stock turnover 9.165 5.667 2.313 4.510 4.416 4.2
In this case, stock turnover for UOB decreased from 9.165 times in 2014 to 2.313 times in
2016 but increased in 2017 to 4.51 times and later decreased to 4.416 times in 2018. The ratio
was far much above the industry average.
Debtor’s turnover ratio
2014 2015 2016 2017 2018
Industr
y
debtors turnover 4.284 1.853 1.868 2.640 3.143 3
The debtor’s turnover for UOB decreased from 4.284 in 2014 to 1.853 in 2015. This ratio
later increased to 1.868 in 2016, 2.64 in 2017 and later to 3.143 in 2018. On average, the ratio
was relatively higher than the industry average.
Compare UOB with Industry Average
As per the below figures, it is evident that UOB ROA, ROE or ROI or financial risk, it is
evident that the bank has been doing relatively good within the industry. For instance, the
bank ROA was 1.04 in comparison with 1 for the industry. Furthermore, its ROE or ROI was
10.47 in comparison with 12.04 industry average (Investing.com 2019). This means the
company has been effective enough in utilizing its assets and equity to generate some returns
or income. Furthermore, the bank seems to experience less financial risk in comparison with
industry average. This is based on the fact that its debt/equity was relatively below 1 though
higher than 0.65 for the industry.
Comparison of UOB with Industry average

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2014 2015 2016 2017 2018
Industr
y
Return on Assets % 1.07 1 0.92 0.94 1.04 1
Return on Equity % 11.59 10.58 9.56 9.43 10.47 12.04
Debt/Equity 0.76 0.69 0.81 0.7 0.83 0.65
UOB current market share price analysis
Over the last five years, UOB share price has been on the rise despite the decrease recorded
in the year 2016. It is evident that the company share price gained momentum in the mid-
2016 where its share price started to increase with a steady growth on daily basis. The share
price reached its peak in early 2018. Generally, UOB share price between 2014 and 2016 has
been experiencing similar trend in comparison to STI; nonetheless, the share price for the
company rose with a significant margin in comparison to STI (Morningstar 2019). This
shows that the company has gained popularity within Singapore security exchange. Hence, it
presents a better investment opportunity for potential investors. Generally, UOB share price
is linear with Singapore stock exchange indicator, Strait Times Index-STI.
Figure 1: Comparison of UOB share price with STI-Trait Times Index

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Source: Morningstar (2019).
UOB Customer Service
The back is strongly committed to protecting privacy of its clients in accordance with
Personal Data Protection Act. Basically, at the UOB, the bank strives to address customer
concerns immediately. Upon receipt of customer enquiries, feedback or complaints, the
company would carry out thorough review in resolving these concerns in the shortest time
possible. Instances where detailed assessment is needed as a result of complexity of issues,
the company ensure that the customers are updated on progress and work its level best in
resolving their concerns within two weeks. In essence, the bank is committed to provision of
responsive customer services. Thus, one the bank receives any complaint from the client; its
priority is mainly to attend to such complaints as quickly as possible. Besides, in case UOB
Ltd transaction websites or internet banking is unavailable, clients are provided with an
opportunity to select doing their transactions or banking through online services such as the
company personal internet banking or the business banking (UOB 2019).

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Section B: UOB Corporate Governance Compliance
News That Has Impact On Bank’s Financial Performance
Corporate governance is considered is a crucial aspect for the firm to accomplish sustainable
growth. Thus, UOB board aims to arrange the accurate tone as well as to cultivate the arts
which is innovative as well as risk-focused and the one that safeguards long-run interests of
its shareholders while enduring accountable and fair in its practices and activities. In fact, the
bank has already observed banking corporate governance guidelines and all the material
aspect guidance on the corporate governances for incorporated in the MAS guidelines in
Singapore (UOB 2017). With continued volatile in world market, valuation of complex and
illiquid financial instruments like structured derivative products and unquoted equities could
be a challenge. Thus, the company discussed valuation approaches used and unobservable
inputs utilised in determining fair value of such financial instruments with external auditors
and the management (UOB 2018).
Impact on Brand and Reputation
UOB continue dominating top one hundred valuable brands in Singapore. It is shedding its
reputations as one of the most conservative local banks in Singapore since its third quarter of
2018 displayed upticks in its average headcount and compensation (UOB 2019). In essence,
it continues as one of the most professionally managed and excellent financial company,
earning several awards and accolades from the leading organization and publication in
financial service sector. It is voted the best financial institution by services within Singapore
and as the best institution by the Tech Provision Rankings.
Corporate Governance
UOB board directors both executives and non-executive directors consider good corporate
governance a fundamental aspect in enhancement, creation and protection of the bank value

Financial Management 14
and in accomplishing sustainable growth. They are responsible for approval of annual
budgets and business plans (UOB 2018). Besides, they are responsible for providing
entrepreneurial guidance and leadership as well as strategic direction. They are also
responsible in ensuring that the financial statements are fair and true. Additionally, the
directors are responsible in determining debt and capital structures of the bank. They are also
responsible in setting the dividend policy as well as declaring dividends and in approval of
major divestments and acquisitions (UOB 2016). Moreover, directors oversee performance of
the bank’s management and set organization’s standards and value.
Conclusion
Basically, UOB financial performance for the past five years has been relatively attractive for
potential investors. In fact, UOB seems to have enjoyed relatively positive growth in its
revenue, income and more necessarily its total assets. This has resulted in significant growth
in its profitability level. Further, it is evident that UOB management has been more efficient
in utilizing the company equity and total assets to generate revenue. This is an attractive
image that would drive a significant number of investors to venture in the company.
Moreover, the bank has positive growth in its dividend ratios. This means that the company
has been paying positive dividends to its shareholders over time which is a good thing for
potential investors willing to venture in a growing company. Despite this, the company needs
to improve on its debt repayment procedures. This is aimed at reducing its financial risk of
being liquidated in case it fails to settle its debts both short and long-term on time. Besides,
there is need to embrace positive growth in its share price which would in turn drive more
and more investors to the company. As a result, the company would generate huge amount of
return which would be used in settlement of its debt obligations.

Financial Management 15
REFERENCES
3E Accounting (2019) Singapore’s banking industry and its major banks [Online]. Available
from: https://www.3ecpa.com.sg/resources/miscellaneous-topics/singapore-banking-industry-
and-its-major-banks/ (Accessed at 15th April 2019).
Bestar (2019) Banking Industry in Singapore [Online]. Available from:
https://www.opencompanysingapore.com/banking-industry-in-singapore (Accessed at 15th
April 2019).
Investing.com (2019) United Overseas Bank ratios [Online]. Available from:
https://www.investing.com/equities/united-overseas-bank-ratios (Accessed at 15th April
2019).
Morningstar (2019) UOB stock prices [Online]. Available from:
https://www.morningstar.com/stocks/xses/u11/quote.html (Accessed at 15th April 2019).
One Visa (2019) Banking in Singapore [Online]. Available from: https://www.one-
visa.com/banking-in-singapore (Accessed at 15th April 2019).
UOB (2019) UOB privacy and security [Online]. Available from:
https://www.uobgroup.com/uobgroup/privacy/index.page (Accessed at 15th April 2019).
UOB 2019, UOB awards and accolades [Online]. Available from:
https://www.uob.com.sg/uobgroup/about/awards/index.page (Accessed at 15th April 2019).
UOB Ltd (2016) UOB annual report 2016 [Online]. Available from:
https://www.uobgroup.com/AR2016/pdf/UOB_Annual_Report_2016.pdf (Accessed at 15th
April 2019).

Financial Management 16
UOB Ltd (2017) UOB full annual report 2017 [Online]. Available from:
https://www.uob.com.sg/AR2017/documents/Full-Annual-Report-2017.pdf (Accessed at 15th
April 2019).
UOB Ltd (2019) UOB Group annual report 2018 [Online]. Available from:
https://www.uobgroup.com/investor-relations/assets/pdfs/investor/annual/
UOB_Annual_Report_2018.pdf (Accessed at 15th April 2019).

Financial Management 17
APPENDICES
Appendix 1: Horizontal analysis of UOB balance sheet
Assets 2015 2016 2017 2018
Cash and due from banks -4.85% 3.84% 26.15% -1.88%
Trading assets 73.04% 144.87%
-
43.52% 9.23%
Derivative assets 1.84% 8.72%
-
17.20% -0.88%
Debt securities 73.04% 144.87%
-
43.52% 9.23%
Allowance for loan losses 9.30% 4.47% -2.85%
-
19.31%
Net loans 3.93% 8.90% 4.73% 11.38%
Receivables 147.31% -0.85%
-
22.08%
-
10.18%
Premises and equipment 21.78% 8.40% 4.56% 14.97%
Goodwill -0.12% 0.17% -0.22% -0.10%
Other assets 3.90% 7.45%
-
10.23% 11.05%
Total assets 3.02% 7.60% 5.46% 8.23%
Liabilities
Deposits 3.08% 5.80% 6.38% 8.02%
Derivative liabilities -6.50% 14.54%
-
19.10% 5.59%
Other liabilities 3.92% 23.95% -3.52% 17.71%
Total liabilities 2.93% 7.68% 4.75% 8.93%
Stockholders' equity
Preferred stock 0.00% -100.00%
#DIV/
0!
#DIV/
0!
Additional paid-in capital 0.00% 13.51% 10.92% 5.38%
Retained earnings 9.95% 12.10% 13.69% 10.19%
Treasury stock 4.78% -8.30%
-
21.27% 98.28%
Accumulated other comprehensive income -1.72% 4.76% 9.47%
-
10.78%
Total stockholders' equity 4.05% 6.84% 12.10% 2.10%
Total liabilities and stockholders' equity 3.04% 7.60% 5.46% 8.23%

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Appendix 2: Vertical analysis of UOB balance sheet
Assets 2014 2015 2016 2017 2018
Cash and due from banks 18.54% 17.12%
16.53
%
19.77
%
17.92
%
Trading assets 0.24% 0.40% 0.92% 0.49% 0.50%
Derivative assets 2.06% 2.03% 2.05% 1.61% 1.48%
Debt securities -0.24% -0.40% -0.92% -0.49% -0.50%
Allowance for loan losses -1.12% -1.19% -1.16% -1.06% -0.79%
Net loans 63.87% 64.43%
65.21
%
64.76
%
66.64
%
Receivables 0.51% 1.24% 1.14% 0.84% 0.70%
Premises and equipment 0.47% 0.55% 0.55% 0.55% 0.58%
Goodwill 1.35% 1.31% 1.22% 1.16% 1.07%
Other assets 13.20% 13.32%
13.30
%
11.32
%
11.61
%
Total assets
100.00
%
100.00
%
100.00
%
100.00
%
100.00
%
Liabilities
Deposits 79.87% 79.91%
78.57
%
79.26
%
79.10
%
Derivative liabilities 2.08% 1.89% 2.01% 1.54% 1.50%
Other liabilities 8.35% 8.42% 9.70% 8.87% 9.65%
Total liabilities 90.29% 90.21%
90.28
%
89.67
%
90.26
%
Stockholders' equity
Preferred stock 0.27% 0.26% 0.00% 0.00% 0.00%
Additional paid-in capital 1.29% 1.25% 1.32% 1.38% 1.35%
Retained earnings 4.59% 4.89% 5.10% 5.50% 5.60%
Treasury stock -0.07% -0.08% -0.06% -0.05% -0.09%
Accumulated other comprehensive
income 3.57% 3.41% 3.32% 3.44% 2.84%
Total stockholders' equity 9.64% 9.74% 9.67%
10.28
% 9.69%
Total liabilities and stockholders' equity 99.93% 99.95%
99.95
%
99.95
%
99.95
%

Financial Management 19
Appendix 3: Horizontal analysis of UOB income statement
2014 2015 2016 2017 2018
Revenue
Interest income
Other assets 8.86% 5.94% 9.48%
22.74
%
Total interest income 8.86% 5.94% 9.48%
22.74
%
Interest expense
Other expense 10.18% 13.79% 7.52%
38.70
%
Total interest expense 10.18% 13.79% 7.52%
38.70
%
Net interest income 8.07% 1.32% 10.76%
12.52
%
Noninterest revenue
Commissions and fees 1.12% 1.47% 15.22% 8.02%
Securities gains (losses) 43.58% -67.73% 25.74%
-
127.56
%
Other income -0.11% 14.07% -0.19% -7.34%
Total noninterest revenue 4.76% -2.94% 8.60% -5.67%
Total net revenue 6.99% -0.06% 10.11% 6.96%
Noninterest expenses
Tech, communication and
equipment 21.61% 18.18% 27.62%
13.42
%
Other special charges -28.57% -93.33% -200.00%
-
700.00
%
Other expenses 27.53% 25.55% 28.77%
11.44
%
Total noninterest expenses
Income (loss) 6.99% -0.06% 10.11% 6.96%
Provision for taxes 15.69% 3.08% 19.58% 0.63%
Other income 14.42% 2.60% 8.79% -1.80%
Net income -1.23% -3.52% 9.50%
18.23
%
Preferred dividend 8.11% -80.00%
1175.00
% 8.82%
Net income available to common
shareholders -1.34% -2.56% 6.48%
18.52
%
Earnings per share
Basic -2.02% -4.12% 6.99%
17.59
%
Diluted -2.03% -4.15% 7.03%
17.68
%
Basic 0.69% 0.94% 2.10% 0.85%

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Diluted 0.63% 1.00% 2.09% 0.84%

Financial Management 21
Appendix 4: Vertical analysis of UOB income statement
2014 2015 2016 2017 2018
Revenue
Interest income
Other assets
106.28
%
108.14
%
114.63
%
113.98
%
130.7
9%
Total interest income
106.28
%
108.14
%
114.63
%
113.98
%
130.7
9%
Interest expense 0.00% 0.00% 0.00% 0.00% 0.00%
Other expense 38.91% 40.07%
45.62
%
44.55
%
57.77
%
Total interest expense 38.91% 40.07%
45.62
%
44.55
%
57.77
%
Net interest income 67.39% 68.07%
69.00
%
69.41
%
73.02
%
Noninterest revenue
Commissions and fees 15.91% 15.03%
15.26
%
15.97
%
16.13
%
Securities gains (losses) 3.22% 4.32% 1.40% 1.59%
-
0.41%
Other income 13.47% 12.57%
14.35
%
13.01
%
11.27
%
Total noninterest revenue 32.61% 31.93%
31.01
%
30.59
%
26.98
%
Total net revenue
100.00
%
100.00
%
100.00
%
100.00
%
100.0
0%
Noninterest expenses 0.00% 0.00% 0.00% 0.00% 0.00%
Tech, communication and equipment 2.94% 3.34% 3.95% 4.58% 4.86%
Other special charges -0.31% -0.21% -0.01% 0.01%
-
0.07%
Other expenses -2.63% -3.14% -3.94% -4.61%
-
4.80%
Total noninterest expenses
Income (loss)
100.00
%
100.00
%
100.00
%
100.00
%
100.0
0%
Provision (benefit) for taxes 8.29% 8.97% 9.25%
10.05
% 9.45%
Other income (expense)
-
43.67% -46.70%
-
47.95
%
-
47.38
%
-
43.50
%
Net income 48.03% 44.34%
42.80
%
42.57
%
47.05
%
Preferred dividend 0.55% 0.55% 0.11% 1.28% 1.30%
Net income available to common
shareholders 47.49% 43.79%
42.69
%
41.29
%
45.75
%
Earnings per share
Basic 0.03% 0.03% 0.03% 0.02% 0.03%

Financial Management 22
Diluted 0.03% 0.03% 0.03% 0.02% 0.03%