United Bancorporation of Alabama, Inc. Announces Third Quarter Results
United Bancorporation of Alabama (OTCQX: UBAB) reported financial results for Q3 2024. The company's unaudited consolidated net income reached $20.0 million ($5.63 per share) for the nine months ended September 30, 2024, compared to $21.2 million ($5.88 per share) in the same period last year. For Q3 2024, net income was $5.6 million ($1.57 per share), down from $7.1 million ($1.99 per share) in Q3 2023. Key highlights include the merger of Town Country United Bank into United Bank, $10.3 million in CDFI program awards, $65 million in NMTC allocation, and a net interest margin of 4.52%.
United Bancorporation of Alabama (OTCQX: UBAB) ha riportato i risultati finanziari per il terzo trimestre del 2024. Il reddito netto consolidato non sottoposto a revisione dell'azienda ha raggiunto 20,0 milioni di dollari (5,63 dollari per azione) per i nove mesi terminati il 30 settembre 2024, rispetto a 21,2 milioni di dollari (5,88 dollari per azione) nello stesso periodo dell'anno scorso. Per il terzo trimestre del 2024, il reddito netto è stato di 5,6 milioni di dollari (1,57 dollari per azione), in calo rispetto ai 7,1 milioni di dollari (1,99 dollari per azione) nel terzo trimestre del 2023. I punti salienti includono la fusione della Town Country United Bank nella United Bank, premi del programma CDFI per un totale di 10,3 milioni di dollari, un'allocazione di 65 milioni di dollari in NMTC e un margine di interesse netto del 4,52%.
United Bancorporation of Alabama (OTCQX: UBAB) informó los resultados financieros para el tercer trimestre de 2024. Los ingresos netos consolidados no auditados de la empresa alcanzaron 20,0 millones de dólares (5,63 dólares por acción) para los nueve meses terminados el 30 de septiembre de 2024, en comparación con 21,2 millones de dólares (5,88 dólares por acción) en el mismo período del año pasado. Para el tercer trimestre de 2024, los ingresos netos fueron 5,6 millones de dólares (1,57 dólares por acción), en comparación con 7,1 millones de dólares (1,99 dólares por acción) en el tercer trimestre de 2023. Los aspectos destacados incluyen la fusión de Town Country United Bank en United Bank, premios del programa CDFI por un total de 10,3 millones de dólares, una asignación de 65 millones de dólares en NMTC, y un margen de interés neto del 4,52%.
United Bancorporation of Alabama (OTCQX: UBAB)는 2024년 3분기 재무 결과를 보고했습니다. 회사의 감사되지 않은 통합 순이익은 2024년 9월 30일 종료된 9개월 동안 2천만 달러 (주당 5.63달러)에 도달했으며, 이는 지난해 같은 기간의 2천1백20만 달러 (주당 5.88달러)와 비교됩니다. 2024년 3분기 순이익은 560만 달러 (주당 1.57달러)로, 2023년 3분기의 710만 달러 (주당 1.99달러)에서 감소하였습니다. 주요 하이라이트에는 Town Country United Bank의 United Bank 합병, CDFI 프로그램 상금 1천30만 달러, NMTC 배정 6천5백만 달러 및 4.52%의 순이자 마진이 포함됩니다.
United Bancorporation of Alabama (OTCQX: UBAB) a rapporté les résultats financiers pour le troisième trimestre de 2024. Le revenu net consolidé non audité de l'entreprise a atteint 20,0 millions de dollars (5,63 dollars par action) pour les neuf mois se terminant le 30 septembre 2024, contre 21,2 millions de dollars (5,88 dollars par action) au cours de la même période l'année dernière. Pour le troisième trimestre de 2024, le revenu net était de 5,6 millions de dollars (1,57 dollars par action), en baisse par rapport à 7,1 millions de dollars (1,99 dollars par action) au troisième trimestre de 2023. Les points clés incluent la fusion de Town Country United Bank dans United Bank, des subventions du programme CDFI s'élevant à 10,3 millions de dollars, une allocation de 65 millions de dollars en NMTC et une marge d'intérêt nette de 4,52%.
United Bancorporation of Alabama (OTCQX: UBAB) hat die finanziellen Ergebnisse für das 3. Quartal 2024 bekannt gegeben. Der ungeprüfte konsolidierte Nettogewinn des Unternehmens betrug 20,0 Millionen US-Dollar (5,63 US-Dollar pro Aktie) für die neun Monate bis zum 30. September 2024, verglichen mit 21,2 Millionen US-Dollar (5,88 US-Dollar pro Aktie) im gleichen Zeitraum des Vorjahres. Im 3. Quartal 2024 betrug der Nettogewinn 5,6 Millionen US-Dollar (1,57 US-Dollar pro Aktie), ein Rückgang von 7,1 Millionen US-Dollar (1,99 US-Dollar pro Aktie) im 3. Quartal 2023. Zu den wichtigsten Highlights gehören die Fusion der Town Country United Bank in die United Bank, Zuschüsse des CDFI-Programms in Höhe von 10,3 Millionen US-Dollar, eine NMTC-Zuweisung von 65 Millionen US-Dollar und eine Nettomarge von 4,52%.
- Secured $10.3 million through CDFI programs
- Awarded $65 million in NMTC allocation
- Maintained strong net interest margin of 4.52%
- Completed strategic merger with Town Country United Bank
- Q3 2024 net income decreased 21.1% to $5.6M from $7.1M YoY
- Nine-month net income declined 5.7% to $20.0M from $21.2M YoY
- EPS decreased to $1.57 in Q3 2024 from $1.99 in Q3 2023
- Nine-month EPS dropped to $5.63 from $5.88 YoY
QUARTERLY HIGHLIGHTS
- Merged Town Country United Bank into United Bank
- Awarded over
$10.3 million - Awarded
$65 million - Net interest margin of
4.52%
About United Bancorporation of Alabama, Inc.
United Bancorporation of Alabama, Inc. is a
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SOURCE United Bancorporation
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