OTC-BB:UBAB | Jotup

United Bancorporation of Alabama, Inc. Announces Second Quarter Earnings and Repurchase Program

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Friday, July 28, 2023

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ATMORE, Ala., July 28, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank (UB), Town-Country United Bank (TCUB), and UB Community Development (UBCD), announces its financial results for the second quarter ending June 30, 2023.

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ATMORE, Ala., July 28, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank (UB), Town-Country United Bank (TCUB), and UB Community Development (UBCD), announces its financial results for the second quarter ending June 30, 2023.
Earnings per share for the six months were $3.88 compared to $2.11 for the same period in 2022.
United reported $7.3 million net income for the quarter ending June 30, 2023, compared to $4.9 million for Q2 2022.
On July 25, 2023, the Board of Directors of United (the "Board") approved a stock repurchase program (the "Repurchase Program").

United Bancorporation of Alabama announces semiannual dividend

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Friday, July 14, 2023

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ATMORE, Ala., July 14, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development has announced a semiannual dividend of $0.25 per share, declared on May 16, 2023.

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ATMORE, Ala., July 14, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development has announced a semiannual dividend of $0.25 per share, declared on May 16, 2023.
United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.4 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida.
United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities.
United operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development.

United Bancorporation of Alabama, Inc. Announces First Quarter Results

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Friday, April 28, 2023

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ATMORE, Ala., April 28, 2023 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc., the parent company of United Bank, Town-Country United Bank, and UB Community Development, is pleased to announce its outstanding financial results for the first quarter of 2023, ended March 31.

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ATMORE, Ala., April 28, 2023 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc., the parent company of United Bank, Town-Country United Bank, and UB Community Development, is pleased to announce its outstanding financial results for the first quarter of 2023, ended March 31.
United Bancorporation of Alabama, Inc., is pleased to announce strong financial results for the first quarter of 2023.
Net interest margin increased to 4.60% up from 4.23% for the prior quarter and 3.29% for same quarter last year.
Healthy loan growth of $40.4 million or 5.6% during the quarter and $96.6 million or 14.5% for the prior 12 months.

United Bancorporation of Alabama, Inc. Announces Fourth Quarter Results

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Friday, January 27, 2023

United Bank, UB, United

ATMORE, Ala., Jan. 27, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended December 31, 2022.

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ATMORE, Ala., Jan. 27, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended December 31, 2022.
United reported unaudited consolidated net income of $18.6 million or earnings per share of $5.11 for the twelve months ended December 31, 2022, as compared to net income of $18.5 million or earnings per share of $4.87 for the same period last year.
United Bancorporation of Alabama, Inc.
Announces Fourth Quarter Results.

United Bancorporation of Alabama announces semiannual dividend

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Wednesday, January 11, 2023

Economic development, FDIC, Community development financial institution, CDFI, Summerdale, UB, OTCQX, New Markets Tax Credit Program, Pace, Spanish Fort, United Bank, Community development, Housing, Holding company, Bank, United, Daphne

ATMORE, Ala., Jan. 11, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.22 per share was declared on Dec. 13, 2022.

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ATMORE, Ala., Jan. 11, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.22 per share was declared on Dec. 13, 2022.
United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.2 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida.
United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities.
United operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development.

UB Community Development Awarded $45 Million New Markets Tax Credit Allocation

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Thursday, November 3, 2022

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ATMORE, Ala., Nov. 3, 2022 /PRNewswire/ -- UB Community Development, a subsidiary of United Bancorporation of Alabama, Inc., and affiliate of United Bank, announced recently that the U.S. Department of the Treasury has awarded it a $45 million New Markets Tax Credit (NMTC) allocation. The award reflects United Bank and UBCD's commitment to enhancing the economic vitality of low-income communities in Alabama and Florida.

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This is UB Community Development's fourth award, and in conjunction with United Bancorporation of Alabama, Inc.'s prior award represents a total of $315 million.
ATMORE, Ala., Nov. 3, 2022 /PRNewswire/ -- UB Community Development, a subsidiary of United Bancorporation of Alabama, Inc., and affiliate of United Bank, announced recently that the U.S. Department of the Treasury has awarded it a $45 million New Markets Tax Credit (NMTC) allocation.
United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities.
UB Community Development (UBCD) focuses on economic and community development through its New Markets Tax Credits, affordable housing, and community facilities programs.

United Bancorporation of Alabama, Inc. Announces Second Quarter Results

Retrieved on:

Thursday, July 21, 2022

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ATMORE, Ala., July 21, 2022 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended June 30, 2022.

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ATMORE, Ala., July 21, 2022 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended June 30, 2022.
About United Bancorporation of Alabama, Inc.
United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.2 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida.
United operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development.
For a complete second quarter report and financial metrics visit our investor relations tab at www.UnitedBank.com .

United Bancorporation of Alabama receives capital investment from Department of the Treasury

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Wednesday, July 13, 2022

ATMORE, Ala., July 13, 2022 /PRNewswire/ -- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, has received a $123 million investment from the U.S. Department of the Treasury under its Emergency Capital Investment Program, or ECIP.

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ATMORE, Ala., July 13, 2022 /PRNewswire/ -- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, has received a $123 million investment from the U.S. Department of the Treasury under its Emergency Capital Investment Program, or ECIP.
The new capital is intended to be used by United to further increase lending efforts for borrowers in underserved, low-income and minority communities.
United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.2 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida.
United operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development.

United Bancorporation of Alabama, Inc. Announces First Quarter Results

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Tuesday, April 26, 2022

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ATMORE, Ala., April 26, 2022 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development announces its financial results for the first quarter ended March 31, 2022.

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ATMORE, Ala., April 26, 2022 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development announces its financial results for the first quarter ended March 31, 2022.
Earnings per share for the three-month period was $0.76 compared to $0.96 for the same period in 2021.
United reported total assets of $1.2 billion at March 31, 2022 as compared to $949.0 million at March 31, 2021, an increase of $248.7 million or 26.2%.
United Bank is a $1.2 billion financial institution that has enjoyed 117 years of continuous service to Atmore, Alabama and surrounding communities.

United Bancorporation of Alabama, Inc. Announces A New Stock Repurchase Program

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Friday, April 1, 2022

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ATMORE, Ala., April 1, 2022 /PRNewswire/ --(OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, announced today that the Board of Directors has approved a new stock repurchase program ("2022 Repurchase Program").

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ATMORE, Ala., April 1, 2022 /PRNewswire/ --(OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, announced today that the Board of Directors has approved a new stock repurchase program ("2022 Repurchase Program").
Under the repurchase program, the Company may repurchase up to 188,298 shares or approximately 5% of the currently outstanding shares of its common stock.
The 2022 Repurchase Program replaces the previous repurchase program that expired in November 2021.
The repurchase program may be suspended, terminated, or modified at any time for any reason.