Bank of America just raised its EUR/USD forecast
COLUMBUS GROVE, Ohio - United Bancshares, Inc. (OTCQX: UBOH), a $73 million market cap regional bank, has announced a quarterly cash dividend of $0.23 per share, marking a 4.5% increase for shareholders of record on May 30, 2025, and payable on June 16, 2025. The company has maintained dividend payments for 14 consecutive years, with the current yield at 3.6%. This decision follows a robust first quarter in 2025, where the company reported a net income of $2.8 million, or $0.94 per share, a significant rise from the $1.8 million, or $0.61 per share, recorded in the same period the previous year. According to InvestingPro analysis, the stock trades at an attractive P/E ratio of 8, suggesting potential undervaluation compared to peers. For more undervalued opportunities, visit our Most Undervalued Stocks list.
The company’s financial performance indicators have shown positive trends, with a return on average assets reaching 0.94%, up from 0.69% in the first quarter of 2024. Similarly, the return on average tangible equity has increased to 15.78% from 11.33%. The net interest margin improved to 3.59%, compared to 3.03% in the first quarter of 2024.
United Bancshares also reported substantial loan growth of $17.9 million, which is an annualized growth rate of 9.4% from the end of the previous year. Deposit growth was more modest at $3.9 million, with an annualized growth rate of 1.5%. The asset quality metrics have remained stable, with non-performing and classified loans showing consistency and charge-offs at historically low levels through March 31, 2025.
The Union Bank Company, operated by United Bancshares and headquartered in Columbus Grove, Ohio, has been serving communities across Northwest and Central Ohio since 1904. The company emphasized its commitment to growth and innovation, including the introduction of a new digital platform and the expansion of client access to live tellers.
Management has also signaled intentions to continue share repurchases as opportunities arise to create value for shareholders. The financial results and dividend declaration are a testament to the company’s strategic planning and operational execution. The stock has shown strong momentum with a 25% price gain over the past six months. InvestingPro subscribers can access additional insights, including 4 more ProTips and comprehensive financial health metrics for United Bancshares.
This report is based on a press release statement from United Bancshares, Inc. and reflects the company’s performance and outlook as of the first quarter of 2025.
In other recent news, United Bancshares reported an increase in its quarterly earnings. The company announced a net income of $3.0 million, or $1.02 per share, for the fourth quarter of 2024, which is a notable rise from the $2.3 million, or $0.77 per share, reported in the same period of 2023. Year-to-date net income for 2024 reached $9.2 million, or $3.06 per share, up from $8.6 million, or $2.80 per share, in the previous year. United Bancshares also experienced significant loan and deposit growth, with loans increasing by $58.2 million and deposits rising by $118.3 million as of the end of 2024. The company maintained strong asset quality metrics, with stable non-performing and classified loans and historically low charge-offs. Additionally, United Bancshares declared a quarterly cash dividend of $0.22 per share, payable in March 2025. The return on average assets improved to 0.98% in the fourth quarter of 2024, although the return on average tangible equity decreased to 17.27% from the previous year’s 19.28%. The company also noted the passing of David Roach, a long-serving Director at United Bancshares, in December 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.