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The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

United Bancorporation of Alabama, Inc. Announces First Quarter Results

PR Newswire
·1-min read

ATMORE, Ala., April 26, 2024 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc. announces its financial results for the period ended March 31, 2024.  United reported unaudited consolidated net income of $6.2 million or earnings per share of $1.75 for the three months ended March 31, 2024, as compared to net income of $6.7 million or earnings per share of $1.87 for the same period last year.

(PRNewsfoto/United Bancorporation)
(PRNewsfoto/United Bancorporation)

QUARTERLY HIGHLIGHTS

  • Net interest margin of 4.54%

  • Cost of funds of 1.21%

  • Year-over-year loan growth of $62.3 million or 8.2%

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, Town-Country 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 three subsidiaries operate 22 locations across five counties. Town-Country United Bank serves Wilcox County and surrounding 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 site. Member FDIC.

Cision
Cision

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SOURCE United Bancorporation