Welcome to our dedicated page for United Bancshares news (Ticker: UBOH), a resource for investors and traders seeking the latest updates and insights on United Bancshares stock.
Overview
United Bancshares, Inc. (UBOH) operates as the bank holding company for The Union Bank Company, a well-established financial institution dedicated to providing commercial banking services and consumer banking solutions with regional financial expertise in Northwest and Central Ohio. Since its inception in 1904, the company has built a reputation for offering comprehensive financial products and personalized services that meet the diverse needs of both individuals and businesses.
Comprehensive Service Offerings
The Union Bank Company under United Bancshares provides a broad spectrum of services designed to cater to a wide range of financial requirements:
- Deposit Products: The company offers various deposit accounts including checking, savings, money market deposit accounts, term certificates, and individual retirement accounts. These products are designed to provide security and growth opportunities for personal and business finances.
- Loan Solutions: A diverse loan portfolio is a core aspect of the business model. It includes commercial and residential real estate financing, agricultural loans, commercial and industrial loans, home equity loans, and consumer as well as small business administration loans. This multi-faceted approach enables the company to support the financial needs of multiple market segments.
- Wealth & Treasury Management: To meet the evolving needs of its clientele, the company also provides wealth management, treasury management, and tailored payment services. These offerings are designed to complement traditional banking services with advisory and strategic financial planning.
- Digital & Personalized Banking: Recognizing the importance of technology, the bank has incorporated online and mobile banking platforms that offer convenient access, enhanced payment solutions, and secure account management. Interactive teller machines (ITMs) at branch locations further illustrate the seamless integration of digital and in-person services.
Market Position and Operational Excellence
United Bancshares, Inc. distinguishes itself in a competitive regional banking landscape by leveraging a long history of community engagement and operational discipline. Its network of branches and loan production offices across key cities in Ohio ensures that it remains accessible to customers who need both routine banking support and advanced financial solutions. The company’s commitment to maintaining strong liquidity positions, effective cost controls and quality asset management has allowed it to navigate challenges typical of the banking industry while continuing to serve its communities effectively.
Technological Innovation and Customer Focus
Emphasizing the importance of innovation, United Bancshares has been proactive in adopting digital technologies that enhance customer experience. The introduction of robust online and mobile banking systems reflects the company’s initiative to provide clients with real-time access to banking services, secure transaction processing, and efficient account management. Moreover, its investment in digital platforms does not compromise personalized service; the continued presence of full-service branches with experienced banking professionals underscores its commitment to traditional customer service values.
Community and Expertise
The company’s strategic focus on community-centric banking is evident in its enduring presence within its operational regions. By maintaining a blend of modern technology and deep-rooted local knowledge, United Bancshares effectively addresses the immediate and evolving needs of its customer base. Its service model supports personalized relationships and tailored financial advice, creating a trustworthy environment backed by seasoned industry expertise and rigorous operational standards.
Competitive Landscape
Within the regional financial services market, United Bancshares faces competition from other community banks and regional financial institutions. However, its comprehensive range of services, balanced by prudent risk management and customer-first initiatives, helps set it apart. The integration of live teller support at branches complemented by digital banking innovations provides the company a competitive edge that is both adaptive and responsive to market changes.
Conclusion
United Bancshares, Inc. remains an influential player in the regional banking sector by offering a stable mix of traditional banking products and innovative digital services. Its focus on resilient operational strategies, diversified revenue streams and strong community ties underscores its commitment to serving a broad spectrum of financial needs. The company continues to maintain its legacy of financial reliability while embracing the evolving demands of modern banking.
United Bancshares (OTCQX: UBOH) has reported strong first quarter 2025 results, with net income of $2.8 million ($0.94 per share), marking a significant increase from $1.8 million ($0.61 per share) in Q1 2024. The company announced a quarterly cash dividend of $0.23 per share, representing a 4.5% increase and yielding 3.23% based on Q1 average closing price.
Key performance metrics showed notable improvements, with return on average assets rising to 0.94% from 0.69%, and return on average tangible equity increasing to 15.78% from 11.33% year-over-year. The net interest margin expanded to 3.59% from 3.03%. The bank achieved loan growth of $17.9 million (9.4% annualized) and deposit growth of $3.9 million (1.5% annualized) since December 2024, while maintaining strong asset quality with stable non-performing loans and historically low charge-offs.
United Bancshares (OTCQX: UBOH) has announced its Q4 and full-year 2024 results, declaring a quarterly cash dividend of $0.22 per share, yielding 3.93%. The company reported Q4 2024 net income of $3.0 million ($1.02 per share), up from $2.3 million ($0.77 per share) in Q4 2023. Full-year 2024 net income reached $9.2 million ($3.06 per share), increasing from $8.6 million ($2.80 per share) in 2023.
Key performance metrics include Q4 2024 return on average assets of 0.98% and net interest margin of 3.39%. The bank demonstrated strong growth with loans increasing by $58.2 million (8.2%) and deposits growing by $118.3 million (12.4%) year-over-year. Asset quality remained robust with stable non-performing loans and historically low charge-offs.
United Bancshares, Inc. (OTCQX: UBOH) has announced its third quarter 2024 results and a $0.22 dividend. The company reported a net income of $2.5 million or $0.83 per share for Q3 2024, marking a $494,000 increase from the same period in 2023. Year-to-date net income for 2024 stands at $6.1 million or $2.05 per share.
Key financial metrics include a return on average assets of 0.83% for Q3 2024 and a return on average tangible equity of 14.96%. The company experienced loan growth of $13.4 million (2.53% annualized) and significant deposit growth of $154.4 million (21.60% annualized) since December 31, 2023. However, the net interest margin decreased to 3.12% in Q3 2024 compared to 3.42% in Q3 2023.
United Bancshares (OTCQX: UBOH) has announced its second quarter 2024 results and a $0.22 dividend. The company reported net income of $1.8 million or $0.61 per share, down from $2.4 million or $0.78 per share in Q2 2023. Year-to-date net income for 2024 is $3.7 million or $1.22 per share, compared to $4.3 million or $1.38 in 2023. The company's performance shows declines in key metrics:
- Return on average assets: 0.68% (Q2 2024) vs 0.88% (Q2 2023)
- Return on average tangible equity: 12.27% (Q2 2024) vs 16.70% (Q2 2023)
- Net interest margin: 3.12% (Q2 2024) vs 3.47% (Q2 2023)
However, United Bancshares reported loan growth of $12.1 million (3.42% annualized) and deposit growth of $77.4 million (16.25% annualized) since December 31, 2023. Asset quality metrics remain strong with stable non-performing loans and historically low charge-offs.
United Bancshares, Inc. (OTC-PINK: UBOH) declared a quarterly cash dividend of $0.22 per share, a 4.8% increase from the prior year, payable on June 15, 2023, to shareholders of record on May 31, 2023. The first-quarter net income decreased to $1.9 million from $2.5 million year-over-year, reflecting basic earnings per share of $0.60, down from $0.77. Key performance metrics include a return on average assets of 0.69%, down from 0.94%, while return on average tangible equity rose to 13.44%. The bank experienced significant deposit growth of $22.3 million, and improved asset quality with a reduction in non-performing loans by 6.5%.
United Bancshares, Inc. (OTCQX: UBOH) reported its financial results for Q4 and full year 2022. For Q4, net income rose to $3,534,000, or $1.10 per share, a 30.1% increase from the prior year, mainly due to an $730,000 rise in net interest income and $1,000,000 decrease in provision for loan losses. However, non-interest income saw a sharp decline of 41.5% to $1,825,000. Yearly net income fell 16.7% to $11,310,000 with earnings per share at $3.47. Key metrics included a 12.1% rise in loans and a 30.6% drop in shareholders' equity due to unrealized losses attributed to rising interest rates.
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