Unity Bank (NSA:UBP) Tax Provision: ₦-297.53 Mil (TTM As of Dec. 2023)


NSA:UBP Unity Bank PLC NSA:UBP
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What is Unity Bank Tax Provision?

Unity Bank NSA:UBP 8 Tax Provision is ₦-297.53 Mil as of Dec. 2023. GuruFocus rates NSA:UBP with a GF Score™ of 8/100.

Unity Bank's tax provision for the six months ended in Dec. 2023 was ₦-297.53 Mil. Its tax provision for the trailing twelve months (TTM) ended in Dec. 2023 was ₦-297.53 Mil.

Unity Bank Tax Provision Historical Data

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The historical data trend for Unity Bank's Tax Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Unity Bank Tax Provision Chart

Unity Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Provision
Get a 7-Day Free Trial Premium Member Only -258.92 -136.80 -158.88 -444.75 -297.53

Unity Bank Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Provision Get a 7-Day Free Trial Premium Member Only -258.92 -136.80 -158.88 -444.75 -297.53
NSA:UBP
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Unity Bank PLC NSA:UBP
Tax Provision is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Bank Tax Provision Calculation

Tax to be paid.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Tax Provision for the trailing twelve months (TTM) ended in Dec. 2023 was ₦-297.53 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of ₦-297.53 Mil mean?
Unity Bank (NSA:UBP) has a Tax Provision of ₦-297.53 Mil as of Dec. 2023. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Unity Bank and its competitors.
Is Unity Bank's Tax Provision too high?
Unity Bank's current Tax Provision is ₦-297.53 Mil. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Tax Provision compare to USB and PNC?
Unity Bank's Tax Provision of ₦-297.53 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Provision for a Banks company?
A good Tax Provision depends on the Banks industry context. However, Tax Provision should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Unity Bank and its competitors. Unity Bank's current Tax Provision is ₦-297.53 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Tax Provision of ₦-297.53 Mil. The current Tax Provision is ₦-297.53 Mil. Unity Bank's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Unity Bank (NSA:UBP), the current Tax Provision is ₦-297.53 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Unity Bank Business Description

Address Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
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Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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