United Bancorporation of Alabama, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
January 14, 2024
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United Bancorporation of Alabama, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 58.76 million compared to USD 43.39 million a year ago. Net income was USD 31.54 million compared to USD 18.68 million a year ago.
Basic earnings per share from continuing operations was USD 8.69 compared to USD 5.11 a year ago. Diluted earnings per share from continuing operations was USD 8.69 compared to USD 5.11 a year ago.
United Bancorporation of Alabama, Inc. is a financial holding company that primarily serves Southwest Alabama as well as Northwest Florida. The Company is a Community Development Financial Institution (CDFI) that operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development. United Bank is also designated as a CDFI and operates 22 locations across five counties. Town-Country United Bank serves Wilcox County and its surrounding counties. UB Community Development focuses on economic and community development through its New Market Tax Credits, affordable housing and community facilities programs. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Daphne, Foley, Lillian, Loxley, Magnolia Springs, Semmes, Silverhill and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton and Pace.
UNITED BANCORPORATION OF ALABAMA, INC. 
