UNITED BANCSHARES, INC. ANNOUNCES SECOND QUARTER 2025 RESULTS AND $0.23 DIVIDEND
United Bancshares (OTCQX: UBOH) reported strong second quarter 2025 results, with net income of $3.1 million ($1.05 per share), up significantly from $1.8 million ($0.61 per share) in Q2 2024. The bank declared a quarterly cash dividend of $0.23 per share, yielding 3.44%.
Key performance metrics showed notable improvements, with return on average assets reaching 1.04% and return on average tangible equity at 17.33%. The net interest margin expanded to 3.71%. The bank demonstrated growth with loans increasing by $22.3 million (5.82% annualized) and deposits growing by $2.9 million (0.54% annualized) since December 2024.
United Bancshares (OTCQX: UBOH) ha riportato risultati solidi nel secondo trimestre del 2025, con un utile netto di 3,1 milioni di dollari (1,05 dollari per azione), in netto aumento rispetto a 1,8 milioni di dollari (0,61 dollari per azione) nel secondo trimestre 2024. La banca ha dichiarato un dividendo trimestrale in contanti di 0,23 dollari per azione, con un rendimento del 3,44%.
I principali indicatori di performance hanno mostrato miglioramenti significativi, con un rendimento medio degli attivi pari all'1,04% e un rendimento medio del patrimonio tangibile del 17,33%. Il margine di interesse netto 猫 salito al 3,71%. La banca ha evidenziato una crescita con un aumento dei prestiti di 22,3 milioni di dollari (5,82% su base annua) e dei depositi di 2,9 milioni di dollari (0,54% su base annua) rispetto a dicembre 2024.
United Bancshares (OTCQX: UBOH) report贸 s贸lidos resultados en el segundo trimestre de 2025, con un ingreso neto de 3.1 millones de d贸lares (1.05 d贸lares por acci贸n), un aumento significativo respecto a los 1.8 millones de d贸lares (0.61 d贸lares por acci贸n) en el segundo trimestre de 2024. El banco declar贸 un dividendo trimestral en efectivo de 0.23 d贸lares por acci贸n, con un rendimiento del 3.44%.
Los indicadores clave mostraron mejoras notables, con un retorno sobre activos promedio del 1.04% y un retorno sobre el capital tangible promedio del 17.33%. El margen neto de inter茅s se ampli贸 a 3.71%. El banco mostr贸 crecimiento con un aumento en pr茅stamos de 22.3 millones de d贸lares (5.82% anualizado) y dep贸sitos crecientes en 2.9 millones de d贸lares (0.54% anualizado) desde diciembre de 2024.
United Bancshares (OTCQX: UBOH)電� 2025雲� 2攵勱赴鞐� 臧曤牓頃� 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 靾滌澊鞚� 310毵� 雼煬(欤茧嫻 1.05雼煬)搿� 2024雲� 2攵勱赴 180毵� 雼煬(欤茧嫻 0.61雼煬)鞐愳劀 韥矊 歃濌皜頄堨姷雼堧嫟. 鞚�頄夓潃 攵勱赴氤� 順勱笀 氚半嫻旮堨溂搿� 欤茧嫻 0.23雼煬毳� 靹犾柛頄堨溂氅�, 氚半嫻 靾橃澋毳犾潃 3.44%鞛呺媹雼�.
欤检殧 靹标臣 歆�響滊姅 韽夑窢 鞛愳偘 靾橃澋毳犾澊 1.04%鞐� 霃勲嫭頃橁碃 韽夑窢 鞙犿槙鞛愲掣 靾橃澋毳犾澊 17.33%搿� 雸堨棎 霛勱矊 臧滌劆霅橃棃鞀惦媹雼�. 靾滌澊鞛� 毵堨鞚� 3.71%搿� 頇曤寑霅橃棃鞀惦媹雼�. 鞚�頄夓潃 2024雲� 12鞗� 鞚错泟 雽�於滌澊 2230毵� 雼煬(鞐办湪 5.82%) 歃濌皜頃橁碃 鞓堦笀鞚� 290毵� 雼煬(鞐办湪 0.54%) 歃濌皜頃橂姅 霌� 靹膘灔鞚� 氤挫棳欤检棃鞀惦媹雼�.
United Bancshares (OTCQX : UBOH) a publi茅 de solides r茅sultats pour le deuxi猫me trimestre 2025, avec un revenu net de 3,1 millions de dollars (1,05 dollar par action), en nette augmentation par rapport 脿 1,8 million de dollars (0,61 dollar par action) au deuxi猫me trimestre 2024. La banque a d茅clar茅 un dividende trimestriel en esp猫ces de 0,23 dollar par action, offrant un rendement de 3,44 %.
Les indicateurs cl茅s de performance ont montr茅 des am茅liorations notables, avec un rendement des actifs moyens atteignant 1,04 % et un rendement des capitaux tangibles moyens 脿 17,33 %. La marge nette d'int茅r锚t s'est 茅largie 脿 3,71 %. La banque a d茅montr茅 une croissance avec une augmentation des pr锚ts de 22,3 millions de dollars (5,82 % annualis茅) et des d茅p么ts en hausse de 2,9 millions de dollars (0,54 % annualis茅) depuis d茅cembre 2024.
United Bancshares (OTCQX: UBOH) meldete starke Ergebnisse f眉r das zweite Quartal 2025 mit einem Nettoeinkommen von 3,1 Millionen US-Dollar (1,05 US-Dollar je Aktie), was eine deutliche Steigerung gegen眉ber 1,8 Millionen US-Dollar (0,61 US-Dollar je Aktie) im zweiten Quartal 2024 darstellt. Die Bank k眉ndigte eine viertelj盲hrliche Bardividende von 0,23 US-Dollar je Aktie an, was einer Rendite von 3,44 % entspricht.
Wichtige Leistungskennzahlen zeigten deutliche Verbesserungen, mit einer Rendite auf das durchschnittliche Verm枚gen von 1,04 % und einer Rendite auf das durchschnittliche greifbare Eigenkapital von 17,33 %. Die Nettozinsmarge stieg auf 3,71 %. Die Bank verzeichnete Wachstum mit einer Kreditsteigerung von 22,3 Millionen US-Dollar (annualisiert 5,82 %) und einer Einlagensteigerung von 2,9 Millionen US-Dollar (annualisiert 0,54 %) seit Dezember 2024.
- Net income increased 72% to $3.1 million in Q2 2025 vs $1.8 million in Q2 2024
- Return on average assets improved to 1.04% from 0.68% year-over-year
- Net interest margin expanded to 3.71% from 3.12% year-over-year
- Loan growth of $22.3 million (5.82% annualized) since December 2024
- Strong asset quality with stable non-performing loans and historically low charge-offs
- Modest deposit growth of only 0.54% annualized since December 2024
- Quarterly cash dividend declared of
$0.23 3.44% dividend yield.
听 - Net income of
$3.1 million $1.05 $0.44 $1.8 million $0.61 $5.9 million $1.99 $0.77 $3.7 million $1.22
听 - Return on average assets of
1.04% for the 2025 second quarter, an increase from0.68% in the comparable period in 2024. YTD 2025 return on average assets of0.99% , an increase from0.68% YTD 2024.
听 - Return on average tangible equity of
17.33% for the 2025 second quarter, up from12.27% in the comparable period in 2024. YTD 2025 return on average tangible equity of16.56% , up from11.78% YTD 2024.
听 - Net interest margin of
3.71% for the 2025 second quarter, an increase from3.12% in the comparable period in 2024. YTD 2025 net interest margin of3.65% , up from3.07% YTD 2024.
听 - Loan growth of
$22.3 million 5.82% annualized from December 31, 2024.
听 - Deposit growth of
$2.9 million 0.54% annualized from December 31, 2024.
听 - Asset quality metrics remain strong with stable non-performing and classified loans. Charge-offs remain at historically low levels through June 30, 2025.
About The Union Bank Company:
Since 1904, The Union Bank Company has been here to provide full-service banking to the people and businesses throughout the communities we serve. Today, the bank has 14 full-service branch locations across Northwest and
Contact:
Brian D. Young, President and CEO
Klint D. Manz, Chief Financial Officer
419.659.2141
United Bancshares, Inc.
Quarterly Report
June 30, 2025
Shareholders, Clients, and Team Members:
I am pleased to report that your Company continued to see strong results for the first half of 2025, reporting
Trading of our shares (UBOH) on OTCQX during the second quarter was steady. The average close during the quarter was
As a result of these successes, the Board of Directors declared a
I am also pleased to report implementation of an all-new digital platform for our clients continues with an expected rollout in the first quarter of 2026, increased usage of our 7am 鈥� 7pm live teller access at all our locations, and the addition of incredible new team members with significant experience and compatible cultural approaches in our commercial, retail and operational areas. We continue to be blessed by the countless people who have chosen to serve or be served by The Union Bank Company.
The continued accomplishments of your Company are the result of the ongoing efforts of the Company's resolute team members and Board of Directors in applying our strong corporate values of respect for and accountability to our shareholders, clients, colleagues, and communities. As always, your ongoing support and the trust you have placed in us is appreciated.
Respectfully,
Brian D. Young
President & CEO
June 30, 2025 | December 31, 2024 | ||
Cash and cash equivalents | $听听听听 91,795,000 | $听听听听 95,283,000 | |
Securities | 225,570,000 | 237,779,000 | |
Loans | 789,314,000 | 766,987,000 | |
Less allowance for credit losses | (8,445,000) | (7,937,000) | |
Other assets | 99,905,000 | 97,218,000 | |
Total Assets | |||
Deposits | |||
Borrowings | 16,594,000 | 17,091,000 | |
Other liabilities | 6,436,000 | 6,394,000 | |
Total Liabilities | 1,097,022,000 | 1,094,590,000 | |
Common stock and surplus | 21,899,000 | 21,461,000 | |
Retained earnings | 129,402,000 | 124,822,000 | |
Accumulated other comprehensive (loss) income | (32,759,000) | (34,786,000) | |
Treasury stock | (17,425,000) | (16,757,000) | |
Total shareholders' equity | 101,117,000 | 94,740,000 | |
Total Liabilities and Shareholders' Equity | |||
Common shares outstanding | 2,960,129 | 2,964,007 | |
Book value | |||
Tangible book value (non-GAAP) | |||
Closing price | |||
Allowance for credit losses to loans (end of period, excluding LHFS) | 1.08听% | 1.04听% | |
Loans to deposits | 73.49听% | 71.61听% |
听
3 months | 3 months | 6 months | 6 months | ||||
June 30, | June 30, | June 30, | June 30, | ||||
Interest income | |||||||
Interest expense | 4,643,000 | 5,053,000 | 9,284,000 | 9,776,000 | |||
Net interest income | 9,903,000 | 7,449,000 | 19,446,000 | 14,597,000 | |||
Provision for credit losses | 235,000 | (190,000) | 328,000 | (481,000) | |||
Net interest income after provision | 9,668,000 | 7,639,000 | 19,118,000 | 15,078,000 | |||
Non-interest income | 1,803,000 | 2,026,000 | 3,604,000 | 4,305,000 | |||
Non-interest expense | 7,958,000 | 7,683,000 | 16,082,000 | 15,470,000 | |||
Income before federal income | 3,513,000 | 1,982,000 | 6,640,000 | 3,913,000 | |||
Federal income taxes | 387,000 | 150,000 | 722,000 | 248,000 | |||
Net Income | |||||||
Average common shares | 2,974,300 | 2,990,805 | 2,971,732 | 3,008,541 | |||
Per Share Data: | |||||||
Net income (basic) | |||||||
Cash dividends declared | |||||||
Dividend yield (annualized) based | 3.44听% | 4.73听% | 3.34听% | 4.69听% | |||
Performance Ratios: | |||||||
Return on average assets | 1.04听% | 0.68听% | 0.99听% | 0.68听% | |||
Return on average tangible | 17.33听% | 12.27听% | 16.56听% | 11.78听% | |||
Net interest margin | 3.71听% | 3.12听% | 3.65听% | 3.07听% | |||
Credit Quality and Other Ratios: | |||||||
Net loan charge-offs (recoveries) | 0.00听% | 0.00听% | -0.06听% | 0.00听% | |||
听
United Bancshares, Inc 听 Directors Robert L. Benroth Herbert H. Huffman III Daniel W. Schutt, Chairman R. Steven Unverferth Brian D. Young 听 Officers Brian D. Young, President/CEO Denise E. Giesige, Secretary Klint D. Manz, CFO | The Union Bank Co. 听 Directors Robert L. Benroth Anthony M. V. Eramo Herbert H. Huffman III Kevin L. Lammon John P. Miller William R. Perry Carol R. Russell Daniel W. Schutt R. Steven Unverferth Dr. Jane M. Wood Brian D. Young, Chairman |
听
Investor Materials
United Bancshares, Inc. has traded its common stock on the OTCQX Markets Exchange under the symbol "UBOH". Annual and quarterly shareholder reports, regulatory filings, press releases, and articles about United Bancshares, Inc. are available in the Investor Relations section of our website theubank.com or by calling 800-837-8111.
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SOURCE United Bancshares, Inc.
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