United Bancorporation of Alabama Q2 net income rises on deposit growth
United Bancorporation of Alabama Q2 net income rises on deposit growth
Overview
US financial holding company's Q2 net income rose 26% yr/yr, EPS up 40% yr/yr
Company delivered net income and EPS growth for both 1H and Q2
Company marks four consecutive quarters of deposit growth
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
DEPOSIT GROWTH - Co reported four consecutive quarters of deposit growth
Company press release: ID:nPn4YFpR4a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $1.91 |
|
Q2 Net Income |
| $5.80 mln |
|
Analyst Coverage
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
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(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.)