You can use TTTAttributedLabel component, it accepts NSAttributesString as text, so you can format text in any way you want. Also it handles links in text by himself, making its clickable. To handle hyperlink click you need to implement TTTAttributedStringDelegate protocol. It is a way harder than just impelementing UIWebView (especially NSAttributedString formatting part), but it's much faster.
Note, that TTTAttributedLabel is a 3rd-party component, so you need to get it here: https://github.com/mattt/TTTAttributedLabel