United Bancorporation of Alabama Q2 net income rises on deposit growth
UBAB•Outlook
- Company did not provide specific guidance or outlook for the current or future periods
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
Result drivers
- Deposit growth - Co reported four consecutive quarters of deposit growth
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 EPS | $1.91 | ||
| Q2 Net Income | $5.80 mln |
- The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
