PR Newswire
ATMORE, Ala. , Oct. 28, 2021 /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 September 30, 2021 . United reported unaudited consolidated net income of $15.2 million and EPS of $4.07 per share for the nine months ended September 30, 2021 as compared to $10.6 million and $2.86 per share for September 30, 2020 .
THIRD QUARTER FINANCIAL HIGHLIGHTS
- Completed acquisition of Town-Country National Bank
- Net Income of $3.3 million and EPS of $0.89
- United reported total assets of $1.15 billion at September 30, 2021 as compared to $903.2 million at September 30, 2020 , an increase of $247.4 million or 27.4%
- Non-interest income was $4.5 million as compared to $2.7 million for the third quarter 2020
- At September 30, 2021 tier one capital ratio and tier one leverage ratio were 15.39% and 9.71%
For a complete third 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