#USA #United Bancshares #Columbus Grove #The Union Bank #OTCQX UBOH

United Bancshares, Inc. Reports Third Quarter 2025 Results

On October 23, 2025, United Bancshares, Inc. (OTCQX: UBOH), the parent company of The Union Bank Company, effectively reported its financial performance for the third quarter ending September 30, 2025. This announcement highlighted a substantial net income and the declaration of a quarterly cash dividend of $0.23 per share, reflecting the company's thriving business operations and robust financial metrics.

Financial Highlights

The third quarter of 2025 witnessed notable achievements, including a net income of $3.0 million, translating to $1.01 per share. This figure represents an increase of $0.18 per share compared to the same period in 2024, where the net income was reported at $2.5 million or $0.83 per share. For the year-to-date, the company’s net income reached $8.9 million, or $3.00 per share, which marks a remarkable $0.95 per share increase from the $6.1 million earned by this time last year.

With return on average assets standing at 1.01% for Q3 2025, which is up from 0.83% in the previous year, and return on average tangible shareholder's equity climbing to 15.89%, reflecting an increase from 14.96% year-over-year, it is evident that United Bancshares continues to demonstrate financial strength and effective management.

The net interest margin also showcased progress, increasing to 3.76%, compared to 3.12% in Q3 2024. Meanwhile, a vigorous loan growth amounting to $37.9 million was noted, translating to an annualized increase of 6.58% since December 31, 2024. Furthermore, core deposits grew by $11.5 million, or 1.56% annualized, which does not incorporate the volatility from the Ohio Treasurer's matching deposits.

Dividend Declaration

The Board of Directors has declared a quarterly cash dividend of $0.23 per share, intended for shareholders recorded by November 28, 2025, and payable on December 15, 2025. According to the average closing price observed for Q3, this dividend yields 2.91%, reflecting a clear commitment to return value to the shareholders.

Strategic Enhancements

United Bancshares is also advancing in operational efficiencies. The company is preparing to launch an innovative digital platform for its banking clients, expected in the first quarter of 2026. Alongside this, there has been a noticeable increase in customer interaction, with live teller services accessible from 7 AM to 7 PM at all branches. Enhancing the team, they have welcomed new members who bring experience and a cultural fit into the operations and commercial sectors.

The team attributes these continued successes to persistent efforts by employees and the Board, aligning with core values that emphasize accountability to shareholders, clients, colleagues, and the broader community. The ongoing support from stakeholders remains greatly appreciated as they navigate through these substantial developments.

Final Thoughts

In conclusion, United Bancshares, Inc. continues to illustrate its resilience and strength in the financial market. The third quarter results portray a promising outlook for the future, reinforced by strategic growth initiatives and a dedicated team striving to uphold the bank's legacy since its establishment in 1904. The Union Bank Company is committed to delivering essential banking services across Ohio, with a clear focus on sustainable growth and community engagement.

For more insights into their operations, visit The Union Bank Company.