United Bancorporation of Alabama, Inc. Announces Third Quarter Results

ATMORE, Ala., Oct. 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 September 30, 2023. United reported unaudited consolidated net income of $21.2 million or earnings per share of $5.88 for the nine months ended September 30, 2023, as compared to net income of $13.5 million or earnings per share of $3.68 for the same period last year. For the three months ended September 30, 2023, unaudited net income was $7.1 million or earnings per share of $1.99, as compared to net income of $5.6 million or earnings per share of $1.58 for the same period last year. 

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