United Bancorporation of Alabama, Inc. Announces Third Quarter Results

Core Insights - United Bancorporation of Alabama, Inc. reported a decline in net income for the nine months ended September 30, 2025, with net income at $13.5 million compared to $20.0 million for the same period last year, indicating a decrease of 32.5% [1] - Earnings per share also decreased from $5.63 in 2024 to $4.07 in 2025 for the nine-month period, reflecting a decline of approximately 27.7% [1] - For the third quarter of 2025, net income was $4.2 million, down from $5.1 million in the third quarter of 2024, a decrease of 17.6% [1] - Earnings per share for the third quarter were $1.29, compared to $1.45 in the same quarter of 2024, a decline of about 11% [1] Financial Overview - United Bancorporation of Alabama, Inc. is a financial holding company with total assets of $1.4 billion, primarily serving Southwest Alabama and Northwest Florida [2] - The company operates 23 locations across six counties and is designated as a Community Development Financial Institution (CDFI) [2] - The net interest margin for the company stands at 4.6% [5] - The company has repurchased 56,000 shares of its stock [5] - Nonperforming assets have decreased by 48% compared to the prior year, indicating improved asset quality [5] Dividend Announcement - United Bancorporation of Alabama, Inc. announced a semiannual dividend of $0.70 per share, which will be payable on a specified date [4]