United Bancorporation of Alabama, Inc. Announces Fourth Quarter Results
United Bancorporation of Alabama (OTCQX: UBAB) has reported its financial results for Q4 and full-year 2024. The company's annual unaudited consolidated net income reached $26.9 million, with earnings per share of $7.65, compared to $31.5 million and $8.69 EPS in 2023. For Q4 2024, net income was $6.9 million with $2.00 EPS, down from $10.4 million and $2.95 EPS in Q4 2023.
Key quarterly highlights include the dissolution of UBAB's Employee Stock Ownership Plan with a repurchase of 197,717 shares, a $52.0 million bond portfolio restructuring, and $10.3 million in CDFI award income.
United Bancorporation of Alabama (OTCQX: UBAB) ha riportato i suoi risultati finanziari per il quarto trimestre e l'intero anno 2024. Il reddito netto consolidato annuo non verificato della società ha raggiunto 26,9 milioni di dollari, con un utile per azione di $7,65, rispetto a 31,5 milioni di dollari e $8,69 EPS nel 2023. Per il quarto trimestre del 2024, il reddito netto è stato di 6,9 milioni di dollari con $2,00 EPS, in calo rispetto a 10,4 milioni di dollari e $2,95 EPS nel quarto trimestre del 2023.
I punti salienti chiave del trimestre includono la dissoluzione del Piano di Proprietà Azionaria dei Dipendenti di UBAB con il riacquisto di 197.717 azioni, una ristrutturazione del portafoglio obbligazionario di 52,0 milioni di dollari e 10,3 milioni di dollari di reddito da premi CDFI.
United Bancorporation of Alabama (OTCQX: UBAB) ha informado sus resultados financieros para el cuarto trimestre y el año completo de 2024. El ingreso neto consolidado anual no auditado de la compañía alcanzó 26,9 millones de dólares, con ganancias por acción de $7,65, en comparación con $31,5 millones y $8,69 EPS en 2023. Para el cuarto trimestre de 2024, el ingreso neto fue 6,9 millones de dólares con $2,00 EPS, una disminución respecto a $10,4 millones y $2,95 EPS en el cuarto trimestre de 2023.
Los principales aspectos destacados del trimestre incluyen la disolución del Plan de Propiedad Accionaria para Empleados de UBAB con la recompra de 197,717 acciones, una reestructuración de la cartera de bonos de 52,0 millones de dólares y 10,3 millones de dólares en ingresos de premios CDFI.
United Bancorporation of Alabama (OTCQX: UBAB)는 2024년 4분기 및 연간 재무 결과를 발표했습니다. 회사의 연간 감사되지 않은 통합 순이익은 2,690만 달러에 달하며, 주당 순이익은 $7.65로, 2023년의 $3,150만과 $8.69 EPS와 비교됩니다. 2024년 4분기 순이익은 690만 달러이고 $2.00 EPS로, 2023년 4분기의 $1,040만과 $2.95 EPS에서 감소했습니다.
분기 주요 하이라이트에는 UBAB의 직원 주식 소유 계획 해체와 197,717주 재매입, 5,200만 달러의 채권 포트폴리오 재구성, CDFI 수상 소득 1,030만 달러가 포함됩니다.
United Bancorporation of Alabama (OTCQX: UBAB) a déclaré ses résultats financiers pour le quatrième trimestre et l'année entière 2024. Le revenu net consolidé annuel non audité de la société a atteint 26,9 millions de dollars, avec un bénéfice par action de 7,65 $, par rapport à 31,5 millions de dollars et 8,69 $ EPS en 2023. Pour le quatrième trimestre 2024, le revenu net était de 6,9 millions de dollars avec un EPS de 2,00 $, en baisse par rapport à 10,4 millions de dollars et 2,95 $ EPS au quatrième trimestre 2023.
Les points saillants du trimestre comprennent la dissolution du Plan de Propriété Actionnariale des Employés de UBAB avec un rachat de 197 717 actions, une restructuration du portefeuille obligataire de 52,0 millions de dollars et 10,3 millions de dollars de revenus liés aux récompenses CDFI.
United Bancorporation of Alabama (OTCQX: UBAB) hat seine finanziellen Ergebnisse für das 4. Quartal und das gesamte Jahr 2024 veröffentlicht. Der unverifizierte konsolidierte Nettogewinn des Unternehmens für das Jahr betrug 26,9 Millionen Dollar, bei einem Ergebnis pro Aktie von 7,65 $, verglichen mit 31,5 Millionen Dollar und 8,69 $ EPS im Jahr 2023. Für das 4. Quartal 2024 lag der Nettogewinn bei 6,9 Millionen Dollar mit 2,00 $ EPS, im Vergleich zu 10,4 Millionen Dollar und 2,95 $ EPS im 4. Quartal 2023.
Wichtige Quartals-Höhepunkte umfassen die Auflösung des Mitarbeiteraktienbesitzerplans von UBAB mit dem Rückkauf von 197.717 Aktien, eine Umstrukturierung des Anleiheportfolios im Wert von 52,0 Millionen Dollar und 10,3 Millionen Dollar an CDFI-Prämieneinnahmen.
- Received $10.3 million in CDFI award income
- Completed strategic bond portfolio restructuring worth $52.0 million
- Executed share repurchase of 197,717 shares through ESOP dissolution
- Annual net income decreased 14.6% to $26.9 million from $31.5 million
- Q4 net income declined 33.7% to $6.9 million from $10.4 million
- EPS dropped to $7.65 from $8.69 annually
- Q4 EPS decreased to $2.00 from $2.95 year-over-year
QUARTERLY HIGHLIGHTS
- Dissolution of UBAB's Employee Stock Ownership Plan and repurchase of 197,717 shares held by the plan
$52.0 million $10.3 million
About United Bancorporation of Alabama, Inc.
United Bancorporation of Alabama, Inc. is a
View original content to download multimedia:https://www.prnewswire.com/news-releases/united-bancorporation-of-alabama-inc-announces-fourth-quarter-results-302364354.html
SOURCE United Bancorporation
FAQ
What was UBAB's net income for Q4 2024?
How did UBAB's full-year 2024 performance compare to 2023?
How many shares did UBAB repurchase through its ESOP dissolution in Q4 2024?
What was the value of UBAB's bond portfolio restructuring in Q4 2024?
How much CDFI award income did UBAB receive in Q4 2024?
