- United Bancorporation of Alabama (UBAB, Financial) reports Q1 2025 net income of $4.7 million, a 25.4% decrease from last year.
- Q1 2025 earnings per share (EPS) declined to $1.42, down from $1.75 in Q1 2024.
- Net interest margin remains strong at 4.54%, with NMTC fee income of $1.0 million.
United Bancorporation of Alabama, Inc. (UBAB) has announced its first quarter financial results for the period ended March 31, 2025. The company reported an unaudited consolidated net income of $4.7 million or earnings per share (EPS) of $1.42. This marks a significant decrease compared to the same period last year, where the net income stood at $6.3 million, translating to an EPS of $1.75.
Despite the decline in net income, UBAB maintained a solid net interest margin of 4.54% for the quarter. Additionally, the company generated $1.0 million in New Markets Tax Credit (NMTC) fee income. However, the earnings were impacted by a provision expense of $1.5 million.
United Bancorporation of Alabama, a $1.4 billion financial holding company, primarily serves Southwest Alabama and Northwest Florida through its subsidiaries, United Bank and UB Community Development. The company is committed to stimulating economic growth in underserved communities and operates 23 locations across six counties.
