United Bancorporation of Alabama, Inc. Announces First Quarter Results

Rhea-AI Summary

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.

Positive

• Net interest margin remains strong at 4.54%
• Generated $1.0 million in NMTC fee income

Negative

• 25.4% decrease in net income year-over-year (from $6.3M to $4.7M)
• 18.9% decline in EPS (from $1.75 to $1.42)
• $1.5 million provision expense impacting earnings

ATMORE, Ala., April 25, 2025 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc. announces its financial results for the period ended March 31, 2025. United reported unaudited consolidated net income of $4.7 million or earnings per share of $1.42 for the three months ended March 31, 2025, as compared to net income of $6.3 million or earnings per share of $1.75 for the same period last year. 

QUARTERLY HIGHLIGHTS

• Net interest margin of 4.54%
• NMTC fee income of $1.0 million
• Provision of $1.5 million

About United Bancorporation of Alabama, Inc.

United Bancorporation of Alabama, Inc. is a $1.4 billion financial holding company and parent company of United Bank and UB Community Development, primarily serving Southwest Alabama and Northwest Florida. United is designated as a CDFI, committed to stimulating economic development in underserved communities. United and its subsidiaries operate 23 locations across six counties. UB Community Development focuses on economic and community development through New Markets Tax Credits, affordable housing and community facilities programs. For a complete quarterly report visit our investor relations tab at www.UnitedBank.com. Member FDIC.

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SOURCE United Bancorporation

FAQ

What are United Bancorporation of Alabama's (UBAB) Q1 2025 earnings per share?

UBAB reported earnings per share of $1.42 for Q1 2025, compared to $1.75 in Q1 2024.

How much was UBAB's net income for the first quarter of 2025?

UBAB reported an unaudited consolidated net income of $4.7 million for Q1 2025.

What is UBAB's net interest margin in Q1 2025?

UBAB reported a net interest margin of 4.54% for Q1 2025.

How much did UBAB's net income decline year-over-year in Q1 2025?

UBAB's net income declined by $1.6 million, from $6.3 million in Q1 2024 to $4.7 million in Q1 2025.