COLUMBUS GROVE, Ohio – United Bancshares, Inc. (OTCQX: UBOH) announced a quarterly cash dividend of $0.22 per share, payable on March 17, 2025 to shareholders of record on February 28, 2025. The dividend yield based on the fourth quarter average closing price is 3.93%. According to InvestingPro according to the data, the company has maintained its dividend payments for 13 consecutive years, with a current annual dividend yield of 3.18%.
The company reported net income of $3.0 million, or $1.02 per share, for the fourth quarter of 2024, up $680,000 from $2.3 million, or $0.77 per share. , realized in the same period in 2023. net income for 2024 reached $9.2 million, or $3.06 per share, compared to $8.6 million, or $2.80 per share, in the prior year. with an SP/E ratio of 9.61 and a market capitalization of $80.32 million, InvestingPro analysis suggests that the stock is currently trading close to its fair value.
United Bancshares recorded a return on average assets of 0.98% in the fourth quarter of 2024, an improvement from 0.88% in the same quarter of 2023. However, return on average tangible equity decreased to 17.27% in the fourth quarter. quarter of 2024 with 19.28% in 2023.
The company experienced loan growth of $58.2 million, up 8.2%, and deposit growth of $118.3 million, up 12.4%, both through December 31, 2024. Metrics on asset quality remained strong, with stable non-performing and classified loans and historically low fees through the end of 2024.
United Bancshares, Inc., through its subsidiary The Union Bank Company, operates 14 full-service branches throughout Northwest and Central Ohio and has been serving these communities since 1904. The stock has shown incredible strength with a return of 50.25% over the past year, according to InvestingProwhich offers additional insights through comprehensive financial analysis tools.
The press release also noted the death of David Roach, director of United Bancshares, Inc. and The Union Bank Company since 2001, in December 2024.
This news is based on a press release.
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