The search for unexplored natural materials as an alternative to synthetic components has driven the development of novel polymeric composites reinforced with environmentally-friendly materials. Natural lignocellulosic fibers (NLFs) have been highlighted as potential reinforcement in composite materials for engineering applications. In this work, a less known Amazonian fiber, the ubim fiber (Geonoma baculifera), is investigated as a possible reinforcement in epoxy composites and was, for the first time, thermally characterized by thermogravimetric analysis (TGA) and differential scanning calorimetry (DSC). Additionally, its chemical structure was elucidated by Fourier transform infrared spectroscopy (FTIR). Ballistic tests were also performed against the threat of a 7.62 mm high-speed lead projectile. The results were statistically analyzed by the Weibull statistical analysis method. FTIR analysis showed the functional groups normally found for NLFs highly rich in cellulose, hemicellulose, and lignin. The TGA/DTG results showed the onset of thermal degradation for the composites (325~335 °C), which represents better thermal stability than isolated ubim fiber (259 °C), but slightly lower than that of pure epoxy (352 °C). The DSC results of the composites indicate endothermic peaks between 54 and 56 °C, and for the ubim fibers, at 71 °C. Ballistic tests revealed higher energy absorption in composites with lower fiber content due to the more intense action of the brittle fracture mechanisms of the epoxy resin, which tended to dissipate more energy. These failure mechanisms revealed the presence of river marks, cracks, and broken fibers with a detachment interface. These results may contribute to the production of ubim fiber-reinforced composites in engineering applications, such as ballistic armors.