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United Overseas Bank (UOVEY)
OTHER OTC:UOVEY
Holding UOVEY?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.24Last Year’s EPS
1.25Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: 7.39%
|Next Earnings Date:Sep 07, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted UOB's strong quarterly performance with record net profit and stable asset quality, driven by growth in ASEAN markets and successful integration of Citi's assets. However, there were challenges related to higher specific allowances due to integration issues in Thailand, which are expected to normalize soon.Company Guidance
During the UOB Q3 2024 earnings call, the executive team provided guidance indicating strong performance and positive future outlook. They reported a record-high net profit of SGD 1.6 billion, representing a 16% year-on-year increase. The bank anticipates high single-digit loan growth, driven by ASEAN regional resilience and trade opportunities. Fee income is expected to grow double-digit, bolstered by cards, wealth, and trade-related fees. UOB aims for a cost-to-income ratio between 41% and 42% and expects total credit costs to remain within 25 to 30 basis points. The bank's asset quality is stable, with a non-performing loan (NPL) ratio of 1.5%, and capital position remains robust with a CET1 ratio of 15.5%. The executives also discussed potential capital management strategies, including share buybacks or increased dividends, to optimize excess capital.Record-High Quarter Performance
UOB achieved a record-high quarter with a net profit of SGD 1.6 billion, up 16% year-on-year, driven by broad-based growth across all business segments and key markets in ASEAN.
Strong Fee and Trading Income
Fee income reached a new high of SGD 630 million, supported by healthy trade and wealth demand. Trading and investment income was very strong at SGD 709 million.
Stable Asset Quality and Capital Position
Asset quality remains stable with NPL ratio unchanged at 1.5%. Capital position is resilient with CET1 at 15.5% and NSFR at 116%.
Successful Integration of Citi Acquisition
Synergies from the Citi acquisition have kicked in, contributing to growth in customer base and CASA penetration across key markets.
Robust ASEAN Growth and Opportunities
Highlighted the strong growth potential in ASEAN, benefiting from supply chain shifts, digital economy, and green economy sectors.
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UOVEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UOVEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $50.47 | $53.85 | +6.70% |
| Jul 31, 2024 | $46.92 | $46.53 | -0.83% |
| May 02, 2024 | $43.25 | $43.52 | +0.62% |
| Feb 22, 2024 | $40.03 | $39.67 | -0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does United Overseas Bank (UOVEY) report earnings?
United Overseas Bank (UOVEY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is United Overseas Bank (UOVEY) earnings time?
United Overseas Bank (UOVEY) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UOVEY EPS forecast?
UOVEY EPS forecast for the fiscal quarter 2024 (Q4) is 1.24.
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