United Bancorporation of Alabama Q2 Net Income Jumps 26% on Deposit Growth
UBAB sits 24% above its 52-week low of $49.01 on light trading volume (0.1× avg).
Summary
Q2 net income rose 26% year-over-year to $5.8 million, with EPS up 40% to $1.91. The bank posted its fourth straight quarter of deposit growth, a key driver of the earnings beat. No specific guidance was provided, but the results reinforce a positive trajectory for the small-cap Alabama lender. The stock trades near its 52-week high, reflecting market confidence in the deposit momentum.
At the time of this announcement, UBAB was trading at $60.61 on OTC in the Finance sector, with a market capitalization of approximately $215.3M. The 52-week trading range was $49.01 to $61.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.