PR Newswire
ATMORE, Ala. , Jan. 21, 2021 /PRNewswire/ -- (OTCQX: UBAB)-United Bancorporation of Alabama , Inc., parent company of United Bank and UB Community Development, announces financial results for the year ending December 31, 2020 .
Selected highlights for the quarter include:
- Net Income of $12.1 million for the twelve months ended December 31, 2020
- ROA of 1.38%
- EPS of $3.27
- Assets of $993 million
For a complete fourth quarter report and financial metrics visit our investor relations tab at www.UnitedBank.com .
This presentation contains forward-looking statements relating to the financial condition, results of operations and business of United Bancorporation of Alabama , Inc.
These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of United Bancorporation of Alabama , Inc., and the information available to management at the time that this presentation was prepared. Factors that could cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following: (i) general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit or other services; (ii) changes in the interest rate environment may reduce net margins and/or the volumes and values of loans made or held as well as the value of other financial assets held; (iii) competitive pressures among depository and other financial institutions may increase significantly; (iv) legislative or regulatory changes, including changes in accounting standards, may adversely affect the businesses in which United Bancorporation of Alabama , Inc. is engaged; (v) local, state or federal taxing authorities may take tax positions that are adverse to United Bancorporation of Alabama , Inc.; (vi) adverse changes may occur in the securities markets; (vii) competitors of United Bancorporation of Alabama , Inc. may have greater financial resources and develop products that enable them to compete more successfully than United Bancorporation of Alabama , Inc. Therefore, United Bancorporation of Alabama , Inc. can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on the forward-looking statement. United Bancorporation of Alabama , Inc. does not undertake a duty to update any forward-looking statements made in this presentation.
Contact: Leigh Anne Russell Jones
EVP, Chief Financial Officer
(251) 446-6165 / leighanne.jones@unitedbank.com
SOURCE United Bancorporation