United Overseas Bank's (SGX:U11) net profit for the fourth quarter of the year ended Dec. 31, 2024 increased 9% to SG$1.52 billion from SG$1.40 billion a year earlier, according to a Wednesday filing with the Singapore Exchange.
Core net profit was up 3% to SG$1.54 billion from SG$1.50 billion a year earlier.
Net interest income was up 2% year over year to SG$2.45 billion from SG$2.40 billion, mainly due to loan growth of 5%. Analysts polled by Visible Alpha estimated net interest income of SG$2.44 billion.
The board recommended a final dividend of SG$0.0092 per share, taking the total dividend for the year to SG$1.80 per share.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.