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UBAB — United Bancorporation of Alabama News Story

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United Bancorporation of Alabama's Q1 profit rises

Overview

US regional bank's Q1 net income rose yr/yr

Earnings per share for Q1 increased to $1.80 from $1.42 yr/yr

UB Community Development generated $2.3 mln in NMTC revenues

Outlook

Company did not provide specific guidance or outlook for future quarters in press release

Result Drivers

NMTC REVENUE - UB Community Development generated $2.3 mln in New Markets Tax Credit revenues

Company press release: ID:nPnxJXmza

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$1.80
Q1 Net Income$5.40 mln
Analyst Coverage The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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