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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.
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United Bancorporation of Alabama reported its financial results for the year ending December 31, 2022, showing a net income of $18.6 million and earnings per share (EPS) of $5.11, compared to $18.5 million or $4.87 EPS in the previous year. In Q4 2022, the company achieved net income of $5.1 million with EPS at $1.43, up from $3.2 million and $0.87 EPS last Q4. Highlights include a loan growth of $26.9 million, a net interest margin of 4.23% for Q4, and strong capital ratios, positioning the company favorably in the financial sector.
United Bancorporation of Alabama (OTCQX: UBAB) declared a semiannual dividend of $0.22 per share on Dec. 13, 2022, payable on January 17, 2023 to shareholders of record as of December 31, 2022. This financial holding company, valued at $1.2 billion, serves Southwest Alabama and Northwest Florida with its subsidiaries: United Bank, Town-Country United Bank, and UB Community Development. As a Community Development Financial Institution, it strives to foster economic growth in underserved areas.