United Bancorporation of Alabama, Inc. reports recurring developments tied to its role as a financial holding company and parent of United Bank and UB Community Development. News commonly covers quarterly and annual earnings, net interest margin, asset quality, loan-loss provisioning, and income from New Markets Tax Credits and other community-development activities.
The company’s updates also address capital actions such as semiannual dividends, common-stock repurchases, and balance-sheet management. Its business is centered on banking services in Southwest Alabama and Northwest Florida, alongside CDFI-related economic development, affordable housing, and community facilities programs.
United Bancorporation of Alabama (UBAB), through subsidiary UB Community Development, provided $10 million in tax-credit financing for PermaCold Logistics’ Albertville project.
The New Markets Tax Credit financing supports construction and outfitting of a 121,270-square-foot temperature-controlled warehouse in Albertville Industrial Park, Alabama. The facility will serve food producers, processors and distributors. This is UB Community Development’s third New Markets Tax Credit project in rural Albertville. Year to date in 2026, the subsidiary has placed $57 million into six projects across the Southeast.
United Bancorporation of Alabama (UBAB) on September 9, 2026 reiterated its focus on long-term value creation, capital returns and disciplined capital allocation for stockholders.
The company reports total stockholder returns of more than 129% over the past five years.1 Over the last 24 months, it has returned approximately $41 million to stockholders through dividends and share repurchases. United states that it plans to continue building on loan and deposit growth to reach top-tier profitability, while keeping flexibility to pursue inorganic growth opportunities. The board also indicates that it regularly reviews its composition and will continue to follow its established corporate governance framework.
Merion Road Capital Management and Blue Hill Advisors, shareholders of United Bancorporation of Alabama (UBAB), have sent a letter dated September 8, 2026 requesting that the UBAB board appoint MRCM Manager Aaron Sallen and BHA Managing Member Jason Blumberg as independent directors.
The investors state that this follows years of engagement on capital allocation, expense discipline and board composition. They highlight that since a prior public letter on July 7, UBAB shares have risen +15% versus +1% for the Nasdaq Bank Index and +2% for the S&P 500, and say many shareholders support their involvement. The letter outlines the nominees’ investing and advisory experience in banking and capital markets, and asks the board to evaluate their qualifications, meet with independent directors and provide a timetable for a decision.
United Bancorporation of Alabama (OTCQX: UBAB), through its subsidiary UB Community Development (UBCD), announced its role in New Markets Tax Credit (NMTC) financing to redevelop a long‑vacant, 330,000‑square‑foot former Vanity Fair apparel facility in Monroeville, Alabama into a tractor assembly, manufacturing and distribution plant. The headline cites $6 million in NMTC financing, while the project involves $28 million in NMTC financing overall. The Bad Boy Mowers project is expected to create 56 permanent full‑time jobs across production, skilled trades and support roles, and includes workforce training partnerships with Coastal Alabama Community College and other technical institutions. UBCD notes this is its fourth NMTC project in the Monroeville area and reports that, year‑to‑date 2026, it has deployed $57 million into six projects across the Southeast, supporting $290 million in total capital investment, 417 new jobs and the retention of over 1,700 jobs.
United Bancorporation of Alabama (OTCQX: UBAB) reported net income of $11.3 million for the six months ended June 30, 2026, up about 21.5% from $9.3 million a year earlier, with six‑month earnings per share rising roughly 33.1% to $3.71 from $2.78.
For the second quarter of 2026, net income was $5.8 million, an increase of 26.1% from $4.6 million in Q2 2025, while quarterly earnings per share grew about 40.4% to $1.91 from $1.36. The company also marked four consecutive quarters of deposit growth.
United Bancorporation of Alabama (OTCQX: UBAB) acknowledged receiving a July 7, 2026 letter from Merion Road Capital Management and Blue Hill Advisors. The Board and management emphasized openness to investor viewpoints and reaffirmed focus on long-term shareholder value, strategic execution, capital deployment, and compliance as a CDFI and ECIP participant. Management plans to discuss these topics and provide updates on the next earnings call scheduled for August 6, 2026, and reminded investors about risks and uncertainties related to forward-looking statements.
Merion Road Capital Management and Blue Hill Advisors, owning about 2% of United Bancorporation of Alabama (OTC: UBAB), sent a July 7, 2026 letter urging a sizable capital return, cost discipline, and stronger board-level capital allocation expertise.
They propose a $40M modified Dutch auction tender (about 25% of UBAB’s ~$170M market cap), citing high capital ratios following the $123.75M ECIP preferred issuance, a 46% expense increase since 2022 with largely flat deposits, and stock underperformance of 41% versus peers. At $55.36, they note UBAB trades at 9.4x LTM earnings, 1.18x TBV and 0.71x adjusted TBV, and outline potential EPS and adjusted TBV per-share accretion if such a tender is executed.
United Bancorporation of Alabama (OTCQX: UBAB) declared a semiannual cash dividend of $0.71 per share.
The dividend is payable on or near July 15, 2026 to shareholders of record as of June 30, 2026.
United Bancorporation of Alabama (OTCQX: UBAB) announced Board approval of a renewed stock repurchase program. The authorization allows United to buy back up to 446,520 shares.
Repurchases may occur in the open market or negotiated trades under Rules 10b-18 and 10b5-1, and the program can be changed or ended at any time.
United Bancorporation of Alabama (OTCQX: UBAB) reported results for the three months ended March 31, 2026: net income $5.4 million versus $4.7 million a year earlier and EPS $1.80 versus $1.42 in Q1 2025. UB Community Development generated NMTC revenues $2.3 million.