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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	57.61	55.31	49.14	36.95	32.17	26.11
Interest Income on Investments	17.23	18.46	17.05	10.13	3.59	3.12
Total Interest Income	74.84	73.78	66.19	47.08	35.76	29.22
Interest Paid on Deposits	14.52	13.49	6.86	3.05	2.39	2.56
Interest Paid on Borrowings	0.76	0.83	0.56	0.64	0.44	0.48
Total Interest Expense	15.28	14.31	7.43	3.69	2.84	3.04
Net Interest Income	59.55	59.46	58.76	43.39	32.93	26.19
Net Interest Income Growth (YoY)	-0.08%	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	25.27	26.99	27.85	14.66	22.6	16.02
Total Non-Interest Income	22.27	23.94	21.04	14.66	22.68	16.23
Non-Interest Income Growth (YoY)	-5.44%	13.77%	43.52%	-35.35%	39.74%	47.89%
Revenues Before Loan Losses	81.82	83.41	79.8	58.06	55.61	42.42
Provision for Loan Losses	6.73	4.36	1.12	2.05	1.86	2.73
Revenue	75.09	79.05	78.69	56	53.75	39.69
Revenue Growth (YoY)	-8.35%	0.45%	40.50%	4.20%	35.41%	15.52%
Salaries and Employee Benefits	19.36	18.47	18.21	16.34	14.57	13.3
Occupancy Expenses	3.79	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	16.11	14.88	14.01	10.5	10.41	7.1
Total Non-Interest Expense	44.83	42.95	37.72	31.98	29.81	24.32
EBT Excluding Unusual Items	30.27	36.09	40.97	24.02	23.94	15.38
Pretax Income	30.27	36.09	40.97	24.02	23.94	15.38
Income Tax Expense	6.47	8.09	9.43	5.34	5.41	3.2
Net Income	23.8	28	31.54	18.68	18.53	12.17
Preferred Dividends & Other Adjustments	2.29	1.05	-	-	-	-
Net Income to Common	21.51	26.95	31.54	18.68	18.53	12.17
Net Income Growth	-25.23%	-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)	-3.75%	-1.60%	-2.02%	-4.02%	0.76%	10.51%
EPS (Basic)	6.28	7.65	8.81	5.11	4.87	3.22
EPS (Diluted)	6.28	7.65	8.81	5.11	4.87	3.22
EPS Growth	-29.79%	-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	21.38%	22.41%	23.01%	22.22%	22.59%	20.84%

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