PR Newswire
ATMORE, Alabama , Jan. 31, 2022 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama , Inc., parent company of United Bank, Town-Country National Bank and UB Community Development, announces financial results for the period ended December 31, 2021 . United reported unaudited consolidated net income of $18.5 million and EPS of $4.87 per share for the twelve months ended December 31, 2021 as compared to $12.1 million and $3.22 per share for the same period in 2020.
FOURTH QUARTER FINANCIAL HIGHLIGHTS
- Net Income of $3.2 million and EPS of $0.87
- United reported total assets of $1.11 billion at December 31, 2021 as compared to $988.7 million at December 31, 2020 , an increase of 12.8%
- Non-interest income was $3.9 million as compared to $2.3 million for the fourth quarter 2020
- Dividend of $0.16 per share was declared
For a complete fourth quarter report and financial metrics visit our investor relations tab at www.UnitedBank.com .
About United Bank
United Bank is a $1 billion financial institution that has enjoyed 117 years of continuous service to Atmore, Alabama and surrounding communities. United Bank has offices in Atmore , East Brewton , Brewton , Daphne , Flomaton , Monroeville , Frisco City , Bay Minette , Foley , Lillian , Loxley , Magnolia Springs , Semmes , Silverhill , Spanish Fort , and Summerdale in Alabama . United Bank serves Santa Rosa County, Florida in Jay , Milton , and Pace . For more information about United Bank, please visit our website at www.unitedbank.com . Member FDIC.
Contact:
Leigh Anne Russell Jones
EVP, Chief Financial Officer
(251) 446-6165
Leighanne.jones@unitedbank.com
SOURCE United Bancorporation