Union Bank

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Income Statement
Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 27,445 36,002 32,180 29,017 26,836
Interest Expense 3,976 5,616 3,581 2,255 2,061
Net Interest Income 23,469 30,386 28,599 26,762 24,775
FTE Net Interest Income 23,847 30,900 29,063 27,673 25,564
Provision for Loan Losses 1,600 775 450 200 150
Provision for Unfunded & Other Financial Losses NA NA NA NA NA
Provision for Credit Losses NA NA NA NA NA
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 524 692 751 739 737
Service Charges on Deposits 845 1,438 1,452 1,491 1,495
Gain on Sale of Loans (FAS 140) 5,354 2,895 1,847 2,303 2,898
Loan Fees & Charges 1,461 1,477 1,326 1,309 1,215
Bank-owned Life Insurance Revenue 241 281 236 244 266
Insurance Revenue 0 0 23 0 52
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 2,464 3,515 3,385 3,292 3,333
Total Noninterest Income 10,889 10,298 9,020 9,378 9,996
Realized Gain on Securities 125 25 10 17 71
Nonrecurring Revenue 0 0 443 0 73
Compensation & Benefits 13,085 16,015 14,971 13,965 13,728
Occupancy & Equipment 3,677 4,281 3,581 3,623 3,378
Marketing and Promotion Expense 385 555 456 469 507
Professional Fees NA 701 625 573 731
Tech & Communications Expense 668 911 848 889 931
Amrt of Intang & Goodwill Impair 129 171 171 171 171
Foreclosure & Repo NA NA NA NA 0
Other Expense 4,300 4,822 4,564 4,215 4,210
Total Noninterest Expense 22,244 27,456 25,216 23,905 23,656
Nonrecurring Expense 34 0 4,061 0 0
Pre-Provision Net Revenue 12,492 13,742 12,867 13,146 11,904
Non-FTE Pre-Provision Net Revenue 12,114 13,228 12,403 12,235 11,115
Net Income before Taxes 10,605 12,478 8,345 12,052 11,109
Provision for Taxes 1,594 1,830 1,273 3,603 2,598
Effective Tax Rate(%) 15.03 14.67 15.25 29.90 23.39
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 9,011 10,648 7,072 8,449 8,511
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 9,011 10,648 7,072 8,449 8,511
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income 0 0 0 0 0
Net Income Avail to Common 9,011 10,648 7,072 8,449 8,511
Net Income for Diluted EPS 9,011 10,648 7,072 8,449 8,511
EPS after Extra($) 2.01 2.38 1.58 1.89 1.91
EPS after Extra Growth(%) 13.60 50.60 (16.40) (1) 7.90
Pre-Provision Earnings per Share($) 2.13 2.34 2.19 1.78 1.62
Comprehensive Income
Net Income 9,011 10,648 7,072 8,449 8,511
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 1,607 2,009 4,073 (979) (977)
Comprehensive Income 10,618 12,657 11,145 7,470 7,534
Interest Income Earned On:
Interest Earned on Loans 25,946 33,614 30,211 27,583 25,580
Int Inc: Securities 1,684 2,517 2,122 2,084 1,834
Int Inc: Other Earn Assets 193 385 311 261 211
Int Inc: Secs & Oth Earn Assets 1,877 2,902 2,433 2,345 2,045
Int Inc: Total Earn Assets 27,823 36,516 32,644 29,928 27,625
Interest Expense Incurred On:
Int Exp: CDs 1,466 2,301 1,215 710 978
Int Exp: Other Deposits 2,196 2,424 1,656 1,061 644
Int Exp: Total Deposits 3,662 4,725 2,871 1,771 1,622
Int Exp: Debt 314 891 710 484 439
Int Exp: Total Int-bearing Liab 3,976 5,616 3,581 2,255 2,061
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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