Welcome to our dedicated page for United Bancorpt news (Ticker: UBAB), a resource for investors and traders seeking the latest updates and insights on United Bancorpt stock.
United Bancorporation (UBAB), a Community Development Financial Institution (CDFI) serving Alabama and Florida since 1904, provides timely updates on its financial performance, community reinvestment efforts, and regional banking initiatives. This page aggregates all official press releases, regulatory filings, and news coverage related to UBAB’s operations.
Investors and community stakeholders will find curated updates on earnings reports, affordable housing projects, and small business lending programs, alongside announcements of strategic partnerships and regulatory milestones. Content is organized to reflect UBAB’s dual focus on traditional community banking and its mission-driven economic development work.
Key categories include quarterly financial results, updates on UB Community Development initiatives, leadership changes, and recognitions such as the Capital Magnet Fund award. This resource is designed to help users track how UBAB’s operations align with its commitment to local reinvestment and underserved populations.
Bookmark this page for direct access to UBAB’s latest developments, or check back regularly to stay informed on its role in shaping regional economic growth through community-focused banking.
United Bancorporation of Alabama (OTCQX: UBAB) has released its Q1 2025 financial results, reporting unaudited consolidated net income of $4.7 million or earnings per share of $1.42 for the quarter ended March 31, 2025. This represents a decrease from the same period last year, which saw net income of $6.3 million and EPS of $1.75.
Key quarterly highlights include a net interest margin of 4.54%, NMTC fee income of $1.0 million, and a provision of $1.5 million.
United Bancorporation of Alabama (OTCQX: UBAB) has reported its financial results for Q4 and full-year 2024. The company's annual unaudited consolidated net income reached $26.9 million, with earnings per share of $7.65, compared to $31.5 million and $8.69 EPS in 2023. For Q4 2024, net income was $6.9 million with $2.00 EPS, down from $10.4 million and $2.95 EPS in Q4 2023.
Key quarterly highlights include the dissolution of UBAB's Employee Stock Ownership Plan with a repurchase of 197,717 shares, a $52.0 million bond portfolio restructuring, and $10.3 million in CDFI award income.
United Bancorporation of Alabama (OTCQX: UBAB) has declared a semiannual dividend of $0.60 per share, payable on January 16, 2025, to shareholders of record as of December 31, 2024. The company, with assets of $1.4 billion, operates as a financial holding company through its subsidiaries United Bank and UB Community Development, serving Southwest Alabama and Northwest Florida. United Bank, a Community Development Financial Institution (CDFI), maintains 20 locations across six counties and focuses on economic development in underserved communities through various programs including New Markets Tax Credits and affordable housing initiatives.
United Bancorporation of Alabama (OTCQX: UBAB) has completed the repurchase of all 197,717 shares of its common stock held by its 401(k) Employee Stock Ownership Plan (KSOP). The shares were repurchased at $54.25 per share, totaling approximately $10.7 million. The transaction, which closed on November 15, 2024, was negotiated between company representatives and the KSOP Trustee, with oversight from independent appraisers, financial advisors, and separate legal counsel for both parties.
United Bank (OTCQX: UBAB) has been awarded a $9 million Capital Magnet Fund grant from the U.S. Department of Treasury's CDFI Fund for 2024, marking their fifth such award since 2017. The funding will support affordable housing initiatives across Alabama, Florida, and surrounding states. The bank plans to utilize this award to develop or rehabilitate over 1,000 apartment homes, targeting rent-burdened families and senior adults in the Southeast region.
United Bancorporation of Alabama (OTCQX: UBAB) reported financial results for Q3 2024. The company's unaudited consolidated net income reached $20.0 million ($5.63 per share) for the nine months ended September 30, 2024, compared to $21.2 million ($5.88 per share) in the same period last year. For Q3 2024, net income was $5.6 million ($1.57 per share), down from $7.1 million ($1.99 per share) in Q3 2023. Key highlights include the merger of Town Country United Bank into United Bank, $10.3 million in CDFI program awards, $65 million in NMTC allocation, and a net interest margin of 4.52%.
United Bancorporation of Alabama (OTCQX: UBAB) has reported strong financial results for Q2 2024. The company's unaudited consolidated net income reached $14.3 million, or $4.01 per share, for the first half of 2024, up from $14.0 million ($3.88 per share) in the same period last year. For Q2 2024 alone, net income was $8.0 million ($2.26 per share), compared to $7.3 million ($2.02 per share) in Q2 2023.
Key highlights include a net interest margin of 4.47%, cost of funds at 1.37%, and impressive year-over-year loan growth of $54.3 million (6.9%). The bank also reported noninterest income of $9.2 million for the quarter, demonstrating solid performance across multiple revenue streams.
United Bancorporation of Alabama (OTCQX: UBAB) has announced a semiannual dividend of $0.50 per share. The dividend will be payable on July 16, 2024, to stockholders of record as of June 30, 2024. United Bancorporation is a $1.4 billion financial holding company that serves Southwest Alabama and Northwest Florida. It operates as a Community Development Financial Institution (CDFI) and includes United Bank, Town-Country United Bank, and UB Community Development, focusing on economic and community development. United Bank has 20 locations across five counties, while Town-Country United Bank serves Wilcox County and surrounding areas. UB Community Development engages in New Markets Tax Credits, affordable housing, and community facilities programs.
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