City Union Bank

City Union Bank's net profit rose 15.3% to INR 6.83 bil in 2018

By Helgi Analytics - November 05, 2019

City Union Bank made a net profit of INR 6.83 bil under revenues of INR 21.2 bil in 2018, up 15.3% and 8.19% respectively compared to...

City Union Bank's net interest margin fell 0.541% to 3.78% in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's net interest margin amounted to 3.78% in 2018, down from 3.80% compared to the previous year. Historical...

City Union Bank's share price (end of period) rose 29.8% to INR 209 in 2018

By Helgi Analytics - November 05, 2019

City Union Bank stock traded at INR 209 per share at the end of 2018 implying a market capitalization of USD 2,156 mil. Since the end o...

Profit Statement 2016 2017 2018
Net Interest Income INR bil 12.0 14.3 16.1
Fee Income (As % Of Revenues) % 2.61 2.52 2.57
Other Income INR bil 4.40 4.83 4.57
Total Revenues INR bil 16.8 19.6 21.2
Operating Profit INR bil 7.62 10.9 12.1
Provisions INR bil 2.60 3.05 2.92
Net Profit INR bil 5.03 5.92 6.83
Balance Sheet 2016 2017 2018
Interbank Loans INR bil 13.9 7.75 9.70
Customer Loans INR bil 238 279 327
Debt Securities INR bil 70.3 78.8 77.1
Total Assets INR bil 353 399 453
Shareholders' Equity INR bil 35.7 41.6 48.4
Interbank Borrowing INR bil 2.31 2.98 4.21
Customer Deposits INR bil 301 329 384
Issued Debt Securities INR bil 5.31 17.4 4.81
Ratios 2016 2017 2018
ROE % 15.2 15.3 15.2
ROA % 1.50 1.57 1.60
Costs (As % Of Assets) % 2.74 2.31 2.14
Costs (As % Of Income) % 54.7 44.2 42.8
Capital Adequacy Ratio % 15.8 16.2 15.6
Net Interest Margin % 3.57 3.80 3.78
Loans (As % Of Deposits) % 79.1 84.8 85.0
NPLs (As % Of Loans) % 2.83 3.03 2.96
Provisions (As % Of NPLs) % 39.6 44.0 39.0
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 1,341 1,799 2,156
Share Price (End Of Period) INR 123 161 209
Price/Earnings (P/E) 18.1 19.4 22.0
Price/Book Value (P/BV) 2.55 2.75 3.11
Dividend Yield % 0.198 0.174 0.244
Earnings Per Share (EPS) INR 6.81 8.32 9.49
Book Value Per Share INR 48.3 58.5 67.3
Dividend Per Share INR 0.244 0.280 0.511

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income INR bil                         6.24 7.59 8.07 9.81 12.0    
Total Revenues INR bil                         8.98 10.6 12.1 13.9 16.8    
Operating Profit INR bil                         5.23 5.81 6.93 6.71 7.62    
Net Profit INR bil                         3.22 3.47 3.95 4.45 5.03    
balance sheet                                      
Interbank Loans INR bil                         7.54 11.4 13.0 12.4 13.9    
Customer Loans INR bil                         152 161 180 211 238    
Debt Securities INR bil                         52.7 59.5 63.7 68.3 70.3    
Total Assets INR bil                         230 250 279 318 353    
Shareholders' Equity INR bil                         16.4 20.2 27.0 30.5 35.7    
Interbank Borrowing INR bil                         0 0 0.478 0 2.31    
Customer Deposits INR bil                         203 220 241 272 301    
Issued Debt Securities INR bil                         4.77 3.05 1.21 6.65 5.31    
ratios                                      
ROE %                         22.3 18.9 16.7 15.5 15.2    
ROA %                         1.56 1.45 1.49 1.49 1.50    
Costs (As % Of Assets) %                         1.81 2.00 1.96 2.41 2.74    
Costs (As % Of Income) %                         41.7 45.2 42.8 51.8 54.7    
Capital Adequacy Ratio %                         14.0 15.0 16.5 15.6 15.8    
Net Interest Margin %                         3.02 3.17 3.05 3.29 3.57    
Interest Income (As % Of Revenues) %                         69.5 71.6 66.6 70.5 71.2    
Fee Income (As % Of Revenues) %                         ... 3.78 3.55 3.20 2.61    
Equity (As % Of Assets) %                         7.14 8.10 9.67 9.60 10.1    
Loans (As % Of Deposits) %                         75.1 73.1 74.6 77.5 79.1    
Loans (As % Assets) %                         66.4 64.4 64.5 66.2 67.6    
NPLs (As % Of Loans) %                         1.13 1.81 1.86 2.41 2.83    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           46.2 30.7 30.7 36.5 39.6    
valuation                                      
Market Capitalisation (End Of Period) USD mil                         517 473 917 855 1,341    
Number Of Shares (Average) mil                         591 632 710 724 739    
Share Price (End Of Period) INR                         47.9 46.2 81.4 78.3 123    
Earnings Per Share (EPS) INR                         5.45 5.49 5.57 6.14 6.81    
Book Value Per Share INR                         27.8 32.0 38.0 42.2 48.3    
Dividend Per Share INR                         0.694 0.858 0.925 0.992 0.244    
Price/Earnings (P/E)                         8.79 8.42 14.6 12.8 18.1    
Price/Book Value (P/BV)                         1.73 1.44 2.14 1.86 2.55    
Dividend Yield %                         1.45 1.86 1.14 1.27 0.198    
Earnings Per Share Growth % ...                       11.6 0.729 1.42 10.4 10.8    
Book Value Per Share Growth % ...                       28.2 15.3 18.6 11.0 14.6    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income INR bil                         21.9 25.5 27.0 29.4 31.7    
Interest Cost INR bil                         15.6 17.9 18.9 19.6 19.8    
Net Interest Income INR bil                         6.24 7.59 8.07 9.81 12.0    
Net Fee Income INR bil                         ... 0.401 0.430 0.446 0.439    
Other Income INR bil                         ... 2.61 3.61 3.65 4.40    
Total Revenues INR bil                         8.98 10.6 12.1 13.9 16.8    
Operating Cost INR bil                         3.74 4.79 5.19 7.20 9.20    
Operating Profit INR bil                         5.23 5.81 6.93 6.71 7.62    
Provisions INR bil                         2.01 2.34 3.09 2.26 2.60    
Extra and Other Cost INR bil                         0 0 -0.108 0 < -0.001    
Pre-Tax Profit INR bil                         3.22 3.47 3.95 4.45 5.03    
Tax INR bil                         0 0 0 0 0    
Minorities INR bil                         0 0 0 0 0    
Net Profit INR bil                         3.22 3.47 3.95 4.45 5.03    
Dividends INR bil                         0.410 0.543 0.656 0.718 0.180    
growth rates                                      
Net Interest Income Growth % ...                       24.9 21.7 6.32 21.5 22.2    
Net Fee Income Growth % ...                       ... ... 7.26 3.65 -1.39    
Total Revenue Growth % ...                       27.0 18.1 14.3 14.8 21.0    
Operating Cost Growth % ...                       -12.3 28.1 8.26 38.8 27.8    
Operating Profit Growth % ...                       86.9 11.0 19.2 -3.15 13.6    
Pre-Tax Profit Growth % ...                       14.9 7.78 13.8 12.6 13.1    
Net Profit Growth % ...                       14.9 7.78 13.8 12.6 13.1    
market share                                      
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...   0.380 0.393 0.399 0.413 0.418   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...   0.544 0.644 0.724 1.08 ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash INR bil                         10.2 10.4 12.3 14.1 14.8    
Interbank Loans INR bil                         7.54 11.4 13.0 12.4 13.9    
Customer Loans INR bil                         152 161 180 211 238    
Debt Securities INR bil                         52.7 59.5 63.7 68.3 70.3    
Fixed Assets INR bil                         1.41 1.83 2.10 2.18 2.15    
Total Assets INR bil                         230 250 279 318 353    
Shareholders' Equity INR bil                         16.4 20.2 27.0 30.5 35.7    
Of Which Minority Interest INR bil                         0 0 0 0 0    
Liabilities INR bil                         213 230 252 288 317    
Interbank Borrowing INR bil                         0 0 0.478 0 2.31    
Customer Deposits INR bil                         203 220 241 272 301    
Sight Deposits INR bil                         80.0 60.0 16.7 19.2 24.1    
Term Deposits INR bil                         123 160 224 252 277    
Issued Debt Securities INR bil                         4.77 3.05 1.21 6.65 5.31    
Other Liabilities INR bil                         5.55 6.47 9.32 9.29 8.22    
asset quality                                      
Non-Performing Loans INR bil                         1.73 2.93 3.36 5.12 6.82    
Gross Loans INR bil                         153 162 181 212 241    
Total Provisions INR bil ... ... ... ... ... ... ...           0.800 0.900 1.03 1.87 2.70    
growth rates                                      
Customer Loan Growth % ...                       25.6 5.58 11.6 17.2 13.2    
Total Asset Growth % ...                       25.2 8.78 11.5 14.1 10.9    
Shareholders' Equity Growth % ...                       32.0 23.4 33.1 13.2 17.0    
Customer Deposit Growth % ...                       24.3 8.43 9.35 12.8 10.9    
market share                                      
Market Share in Customer Loans % ... ... ... ...                 0.276 0.250 0.253 0.264 0.289   ...
Market Share in Total Assets %                         0.265 0.247 0.250 0.252 0.248   ...
Market Share in Customer Deposits %                         0.323 0.306 0.295 0.297 0.283   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         22.3 18.9 16.7 15.5 15.2    
ROA %                         1.56 1.45 1.49 1.49 1.50    
Costs (As % Of Assets) %                         1.81 2.00 1.96 2.41 2.74    
Costs (As % Of Income) %                         41.7 45.2 42.8 51.8 54.7    
Capital Adequacy Ratio %                         14.0 15.0 16.5 15.6 15.8    
Tier 1 Ratio %                         13.3 14.4 16.0 15.3 15.4    
Net Interest Margin %                         3.02 3.17 3.05 3.29 3.57    
Interest Spread % ...                       2.45 2.55 2.35 2.59 2.93    
Asset Yield %                         10.6 10.6 10.2 9.87 9.46    
Cost Of Liabilities % ...                       8.14 8.06 7.86 7.28 6.53    
Payout Ratio %                         12.7 15.6 16.6 16.1 3.59    
Interest Income (As % Of Revenues) %                         69.5 71.6 66.6 70.5 71.2    
Fee Income (As % Of Revenues) %                         ... 3.78 3.55 3.20 2.61    
Other Income (As % Of Revenues) %                         ... 24.6 29.8 26.3 26.1    
Equity (As % Of Assets) %                         7.14 8.10 9.67 9.60 10.1    
Loans (As % Of Deposits) %                         75.1 73.1 74.6 77.5 79.1    
Loans (As % Assets) %                         66.4 64.4 64.5 66.2 67.6    
NPLs (As % Of Loans) %                         1.13 1.81 1.86 2.41 2.83    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ...           46.2 30.7 30.7 36.5 39.6    
Provisions (As % Of Loans) % ... ... ... ... ... ... ...           0.525 0.559 0.573 0.887 1.13    
Cost of Provisions (As % Of Loans) %                         1.47 1.49 1.81 1.16 1.16    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Employees ...                       3,785 4,215 4,365 4,517 4,689    
Sight (As % Of Customer Deposits) %                         39.4 27.3 6.93 7.07 8.00    

Get all company financials in excel:

Download Sample   $19.99

City Union Bank's capital adequacy ratio fell 4.13% to 15.6% in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's capital adequacy ratio reached 15.6% at the end of 2018, down from 16.2% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 16.5% in 2014 and an all time low of 12.2% in 2004. The Tier 1 ratio amoun...

City Union Bank's npls (as % of loans) fell 2.58% to 2.96% in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's non-performing loans reached 2.96% of total loans at the end of 2018, down from 3.03% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.03% in 2017 and an all time low of 0.664% in 2008. Provision coverag...

City Union Bank's net interest income rose 12.7% to INR 16.1 bil in 2018

By Helgi Analytics - November 05, 2019

City Union Bank generated total banking revenues of INR 21.2 bil in 2018, up 8.19% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 21.2 bil in 2018 and an...

City Union Bank's price/earnings (P/E) rose 13.8% to 22.0 in 2018

By Helgi Analytics - November 05, 2019

City Union Bank stock traded at INR 209 per share at the end 2018 implying a market capitalization of USD 2,156 mil. Since the end of 2013, the stock has appreciated by 353 % implying an annual average growth of 35.3 %. In absolute terms, the value of the company ...

City Union Bank's customer loan growth rose 2.60% to 17.3% in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's customer loan growth reached 17.3% in 2018, up from 16.9% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 81.2% in 2002 and an all time low of -23.5% in 2001. In the last decade, the avera...

City Union Bank's total revenues rose 8.19% to INR 19.6 bil in 2018

By Helgi Analytics - November 05, 2019

City Union Bank generated total banking revenues of INR 19.6 bil in 2017, up 16.6% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. ...

City Union Bank's customer deposits rose 17.0% to INR 329 bil in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's customer deposits reached INR 329 bil in 2017, up 9.09% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. City Union Bank accounted for 0....

City Union Bank's customer loans rose 17.3% to INR 279 bil in 2018

By Helgi Analytics - November 05, 2019

City Union Bank's customer loans reached INR 279 bil in 2017, up 16.9% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. City Union Bank accounted for 0.315% of...

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Finance

City Union Bank has been growing its revenues and asset by 19.2% and 17.2% a year on average in the last 10 years. Its loans and deposits have grown by 19.2% and 16.7% a year during that time and loans to deposits ratio reached 85.0% at the end of 2018. The company achieved an average return on equity of 18.8% in the last decade with net profit growing 18.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.8% in 2018, compared to 46.3% average in the last decade.

Equity represented 10.7% of total assets or 14.8% of loans at the end of 2018. City Union Bank's non-performing loans were 2.96% of total loans while provisions covered some 39.0% of NPLs at the end of 2018.

Valuation

City Union Bank stock traded at INR 209 per share at the end of 2018 resulting in a market capitalization of USD 2,156 mil. Over the previous five years, stock price rose by 353% or 35.3% a year on average. That’s compared to an average ROE of 15.6% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 22.0x and price to book value (PBV) of 3.11x in 2018.