UNITED BANCSHARES, INC. ANNOUNCES SECOND QUARTER 2025 RESULTS AND $0.23 DIVIDEND
- Quarterly cash dividend declared of
$0.23 per share for shareholders of record onAugust 29, 2025 , payable onSeptember 15, 2025 . Based on the average closing price for the second quarter, this is a 3.44% dividend yield.
- Net income of
$3.1 million or$1.05 per share for the 2025 second quarter. This is a$0.44 per share increase from$1.8 million or$0.61 per share in the comparable period in 2024. YTD 2025 net income of$5.9 million or$1.99 per share, a$0.77 per share increase from$3.7 million net income, or$1.22 per share YTD 2024.
- Return on average assets of 1.04% for the 2025 second quarter, an increase from 0.68% in the comparable period in 2024. YTD 2025 return on average assets of 0.99%, an increase from 0.68% YTD 2024.
- Return on average tangible equity of 17.33% for the 2025 second quarter, up from 12.27% in the comparable period in 2024. YTD 2025 return on average tangible equity of 16.56%, up from 11.78% YTD 2024.
- Net interest margin of 3.71% for the 2025 second quarter, an increase from 3.12% in the comparable period in 2024. YTD 2025 net interest margin of 3.65%, up from 3.07% YTD 2024.
- Loan growth of
$22.3 million , up 5.82% annualized fromDecember 31, 2024 .
- Deposit growth of
$2.9 million , up 0.54% annualized fromDecember 31, 2024 .
- Asset quality metrics remain strong with stable non-performing and classified loans. Charge-offs remain at historically low levels through
June 30, 2025 .
About
Since 1904,
Contact:
419.659.2141
Quarterly Report
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
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,
President & CEO
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Cash and cash equivalents |
$ 91,795,000 |
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$ 95,283,000 |
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Securities |
225,570,000 |
|
237,779,000 |
|
Loans |
789,314,000 |
|
766,987,000 |
|
Less allowance for credit losses |
(8,445,000) |
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(7,937,000) |
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Other assets |
99,905,000 |
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97,218,000 |
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Total Assets |
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Deposits |
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Borrowings |
16,594,000 |
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17,091,000 |
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Other liabilities |
6,436,000 |
|
6,394,000 |
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Total Liabilities |
1,097,022,000 |
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1,094,590,000 |
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Common stock and surplus |
21,899,000 |
|
21,461,000 |
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Retained earnings |
129,402,000 |
|
124,822,000 |
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Accumulated other comprehensive (loss) income |
(32,759,000) |
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(34,786,000) |
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|
(17,425,000) |
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(16,757,000) |
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Total shareholders' equity |
101,117,000 |
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94,740,000 |
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Total Liabilities and Shareholders' Equity |
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Common shares outstanding |
2,960,129 |
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2,964,007 |
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Book value |
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Tangible book value (non-GAAP) |
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Closing price |
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Allowance for credit losses to loans (end of period, excluding LHFS) |
1.08 % |
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1.04 % |
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Loans to deposits |
73.49 % |
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71.61 % |
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3 months |
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3 months |
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6 months |
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6 months |
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Interest income |
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Interest expense |
4,643,000 |
|
5,053,000 |
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9,284,000 |
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9,776,000 |
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Net interest income |
9,903,000 |
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7,449,000 |
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19,446,000 |
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14,597,000 |
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Provision for credit losses |
235,000 |
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(190,000) |
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328,000 |
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(481,000) |
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Net interest income after provision |
9,668,000 |
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7,639,000 |
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19,118,000 |
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15,078,000 |
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Non-interest income |
1,803,000 |
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2,026,000 |
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3,604,000 |
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4,305,000 |
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Non-interest expense |
7,958,000 |
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7,683,000 |
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16,082,000 |
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15,470,000 |
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Income before federal income |
3,513,000 |
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1,982,000 |
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6,640,000 |
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3,913,000 |
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Federal income taxes |
387,000 |
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150,000 |
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722,000 |
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248,000 |
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Net Income |
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Average common shares |
2,974,300 |
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2,990,805 |
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2,971,732 |
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3,008,541 |
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Per Share Data: |
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Net income (basic) |
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Cash dividends declared |
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Dividend yield (annualized) based |
3.44 % |
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4.73 % |
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3.34 % |
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4.69 % |
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Performance Ratios: |
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Return on average assets |
1.04 % |
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0.68 % |
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0.99 % |
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0.68 % |
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Return on average tangible |
17.33 % |
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12.27 % |
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16.56 % |
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11.78 % |
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Net interest margin |
3.71 % |
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3.12 % |
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3.65 % |
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3.07 % |
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Credit Quality and Other Ratios: |
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Net loan charge-offs (recoveries) |
0.00 % |
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0.00 % |
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-0.06 % |
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0.00 % |
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Directors
Herbert H. Huffman III
Officers
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Directors
Herbert H. Huffman III
Dr.
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Investor Materials
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