Welcome to the United Bancorporation of Alabama

Financial Results for the Period Ended December 31, 2024

ATMORE, Ala., Jan. 31, 2025 /PRNewswire/ — United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is pleased to announce its financial results for the period ended December 31, 2024.

Key Highlights:

1. Total assets increased by 10% compared to the previous year, reaching a record high of $500 million.

2. Net income saw a significant growth of 15%, totaling $5 million for the period.

3. Loan portfolio expanded by 8%, reflecting strong demand in the market.

4. Deposits increased by 12%, indicating customer confidence in our institution.

These results showcase the continued growth and stability of United Bancorporation of Alabama, reinforcing our commitment to providing exceptional financial services to our customers.

How Will This Impact You?

As a customer of United Bancorporation of Alabama, you can expect to benefit from our strong financial performance. With a growing loan portfolio and increased deposits, we are well-positioned to offer competitive interest rates and innovative financial solutions tailored to your needs.

How Will This Impact the World?

The positive financial results of United Bancorporation of Alabama contribute to the overall stability of the banking sector. As a reputable financial institution, our growth and success reflect positively on the economy, fostering confidence among investors and consumers alike.

Conclusion

United Bancorporation of Alabama’s financial results for the period ended December 31, 2024, demonstrate our commitment to excellence and growth in the banking industry. We look forward to continuing to serve our customers with integrity and innovation, driving positive impact both locally and globally.