UB Bancorp
UBNC
Other OTC21.05
USD
- -
- -
UB Bancorp
UBNC
(Other OTC)
Recent
price
21.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- UB Bancorp operates as a financial holding company primarily engaged in banking and financial services through its wholly owned subsidiary, Union Bank, which operates chiefly in North Carolina. The company provides a comprehensive range of products and services including commercial and consumer banking; commercial and consumer loans; mortgage lending; treasury management; deposit products; and wealth management services. Union Bank's offerings span checking and savings accounts, certificates of deposit, credit cards, and specialized financing solutions such as vehicle and corporate financing programs compliant with Sharia provisions. The bank also offers digital banking services including internet banking, mobile banking, and instant payment network capabilities that facilitate 24/7 transactions. Founded in 1918 and headquartered in Greenville, North Carolina, UB Bancorp serves a diverse customer base encompassing individuals, small and medium enterprises, and commercial clients, with operations concentrated in the southeastern United States. Recent major changes include the completion of UB Bancorp's acquisition by F.N.B. Corporation in late 2022, which significantly expanded F.N.B.’s presence in North Carolina and enhanced product offerings for Union Bank customers, now including insurance, wealth management, private banking, treasury management, mortgage banking, and capital markets services. Throughout 2024, UB Bancorp launched various Sharia-compliant financing programs such as the Safwa Islamic Savings Account, Weekly Islamic Deposit, Egara mortgage program, and commercial vehicle funding, expanding its market in Islamic finance. The company also introduced competitive funding programs for vehicles and corporate financing with long repayment tenures and streamlined banking procedures. UB Bancorp accelerated its digital transformation by enhancing digital banking channels, activating instant payment systems, and integrating artificial intelligence applications to improve operational efficiency and customer experience. It also undertook strategic efforts to support economic development, including resolving factory crises, supporting MSMEs, and advancing financial inclusion consistent with Egypt’s 2030 vision, reflecting its operational footprint in Egypt as well. These strategic initiatives and its acquisition have positioned UB Bancorp as a growing regional financial services provider with expanded capabilities and diversified product offerings to meet a broad spectrum of banking needs across its markets.
Why F.N.B. Corporation Is Buying UB Bancorp In A $117 Million Deal
UB Bancorp Releases Earnings for the Second Quarter of 2021 and Record Earnings for the Six Months Ended June 30, 2021