United Bancorporation of Alabama, Inc. (UBAB)

UBAB Income Statement

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

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

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.