United Bancorpt Stock Price, News & Analysis

United Bancorporation of Alabama reported Q2 financial results, showing net income of $4.9 million and earnings per share of $1.36, down from $8.3 million and $2.22 the previous year. Year-to-date, net income is $7.8 million versus $11.9 million in 2021. Total assets increased by 22.1% to $1.2 billion, with a 20.0% rise in loans and 72.5% in securities. The net interest margin improved to 3.58%. A dividend of $0.18 was declared, showing a yearly increase. Stock repurchase totaled $5.4 million.

United Bancorporation of Alabama has secured a $123 million investment from the U.S. Department of the Treasury as part of the Emergency Capital Investment Program (ECIP). This funding aims to enhance lending to underserved, low-income, and minority communities. The ECIP is designed to support community financial institutions, providing up to $9 billion for small businesses and consumers impacted by the COVID-19 pandemic. United Bancorporation operates as a Community Development Financial Institution (CDFI) with a focus on economic growth in Southwest Alabama and Northwest Florida.

United Bancorporation of Alabama reported a net income of $2.8 million for Q1 2022, down from $3.5 million in Q1 2021. Earnings per share decreased to $0.76 from $0.96. Total assets grew to $1.2 billion, reflecting a 26.2% increase year-over-year. Loans and securities saw significant growth, up 20.5% and 75.6% respectively. However, shareholder equity experienced a 9.6% decline due to unrealized losses in the securities portfolio. Regulatory capital ratios remain strong with tier one capital ratio at 14.2% as of March 31, 2022.

United Bancorporation of Alabama has announced a new stock repurchase program, allowing the company to buy back up to 188,298 shares, which represents approximately 5% of its outstanding common stock. This program replaces the previous one that expired in November 2021. Repurchases will depend on market conditions and the company's financial performance. As of February 28, 2022, United Bancorporation reported total assets of $1.18 billion, loans of $653.5 million, and total deposits of $1.05 billion.

United Bancorporation of Alabama, Inc. (OTCQX: UBAB) reported strong financial results for the year ended December 31, 2021, showcasing a significant increase in net income to $18.5 million and EPS of $4.87, compared to $12.1 million and $3.22 in 2020. The fourth quarter net income stood at $3.2 million with EPS at $0.87. Additionally, total assets rose by 12.8% to $1.11 billion. Non-interest income also saw an uptick, reaching $3.9 million versus $2.3 million in Q4 2020. A dividend of $0.16 per share was declared.

United Bancorporation of Alabama (OTCQX: UBAB) reported a net income of $15.2 million for the nine months ending September 30, 2021, up from $10.6 million in 2020. Earnings per share (EPS) increased to $4.07 from $2.86. For Q3 2021, net income was $3.3 million with an EPS of $0.89. The company's total assets grew to $1.15 billion, a 27.4% increase year-over-year. Non-interest income rose to $4.5 million. The tier one capital ratio stood at 15.39%.

United Bancorporation of Alabama has successfully completed the acquisition of Town-Country National Bank, enhancing its asset portfolio to over $1.1 billion. The acquisition aims to foster collaboration and community service, with both banks sharing similar cultures and operational philosophies. United Bancorporation's interim president, Mike Vincent, expressed enthusiasm for the combined expertise, while Town-Country's president highlighted the benefits for local customers. This strategic move positions United Bancorporation as a stronger player in the financial services industry of southwest Alabama and the Florida panhandle.

United Bancorporation of Alabama, Inc. (OTCQX: UBAB) reported strong financial results for Q2 2021, with a net income of $11.9 million and earnings per share of $3.18. This reflects a significant increase from $8.3 million and $2.24 in the same period last year. Total assets surpassed $1 billion, growing by 14.3%, while total loans rose by 11.6% to $571.6 million. Deposits increased by 14.4% to $882.1 million. Despite a decline in net interest margin to 3.49%, the company's capital positions remain robust with tier one ratios exceeding regulatory requirements.

United Bancorporation of Alabama (OTCQX: UBAB) released its 2020 Annual & Impact Report, showcasing strong financial performance during the pandemic. Key highlights include record high income, a $6 million Capital Magnet Fund award, and a $799,000 Financial Assistance award. The company also announced plans to acquire Town-Country National Bank, which has $126.2 million in assets as of December 31, 2020. CEO Bob Jones emphasized the importance of diverse income sources for stability and growth.