United Bancorporation of Alabama, Inc. (UBAB)

UBAB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	58.85	55.31	49.14	36.95	32.17	26.11
Interest Income on Investments	17.01	18.46	17.05	10.13	3.59	3.12
Total Interest Income	75.86	73.78	66.19	47.08	35.76	29.22
Interest Paid on Deposits	14.98	13.49	6.86	3.05	2.39	2.56
Interest Paid on Borrowings	0.74	0.83	0.56	0.64	0.44	0.48
Total Interest Expense	15.72	14.31	7.43	3.69	2.84	3.04
Net Interest Income	60.14	59.46	58.76	43.39	32.93	26.19
Net Interest Income Growth (YoY)	0.38%	1.20%	35.41%	31.78%	25.73%	4.45%
Gain (Loss) on Sale of Investments	-3.01	-3.04	-6.8	-	0.08	0.21
Other Non-Interest Income	24.49	26.99	27.85	14.66	22.6	16.02
Total Non-Interest Income	21.48	23.94	21.04	14.66	22.68	16.23
Non-Interest Income Growth (YoY)	-12.10%	13.77%	43.52%	-35.35%	39.74%	47.89%
Revenues Before Loan Losses	81.62	83.41	79.8	58.06	55.61	42.42
Provision for Loan Losses	5.68	4.36	1.12	2.05	1.86	2.73
Revenue	75.94	79.05	78.69	56	53.75	39.69
Revenue Growth (YoY)	-7.03%	0.45%	40.50%	4.20%	35.41%	15.52%
Salaries and Employee Benefits	19.88	18.47	18.21	16.34	14.57	13.3
Occupancy Expenses	3.78	4.02	3.24	3.55	3.35	2.7
Selling, General & Administrative	5.57	5.57	2.27	1.6	1.48	1.23
Other Non-Interest Expense	17.69	14.88	14.01	10.5	10.41	7.1
Total Non-Interest Expense	46.93	42.95	37.72	31.98	29.81	24.32
EBT Excluding Unusual Items	29.02	36.09	40.97	24.02	23.94	15.38
Pretax Income	29.02	36.09	40.97	24.02	23.94	15.38
Income Tax Expense	6.09	8.09	9.43	5.34	5.41	3.2
Net Income	22.93	28	31.54	18.68	18.53	12.17
Preferred Dividends & Other Adjustments	2.48	1.05	-	-	-	-
Net Income to Common	20.45	26.95	31.54	18.68	18.53	12.17
Net Income Growth	-25.71%	-11.22%	68.81%	0.82%	52.28%	24.44%
Basic Shares Outstanding	3	4	4	4	4	4
Diluted Shares Outstanding	3	4	4	4	4	4
Shares Change (YoY)	-5.61%	-1.60%	-2.02%	-4.02%	0.76%	10.51%
EPS (Basic)	6.10	7.65	8.81	5.11	4.87	3.22
EPS (Diluted)	6.10	7.65	8.81	5.11	4.87	3.22
EPS Growth	-28.75%	-13.16%	72.38%	4.98%	51.16%	12.59%
Dividend Per Share	1.300	1.100	0.600	0.400	0.280	0.200
Dividend Growth	52.94%	83.33%	50.00%	42.86%	40.00%	11.11%
Effective Tax Rate	20.99%	22.41%	23.01%	22.22%	22.59%	20.84%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.