Annonce • May 14
United Bancshares, Inc. announced that it has received $30 million in funding On May 13, 2026, United Bancshares, Inc. closed the transaction. The transaction included participation from 37 investors. Annonce • Apr 18
United Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on June 15, 2026 United Bancshares, Inc.'s Board of Directors declared a $0.25 per share quarterly dividend, a 4.2% increase from last quarter, payable on June 15th for shareholders of record on May 29th. The dividend is approximately 19% of the reported net income for the first quarter of 2026. Annonce • Jan 23
United Bancshares, Inc. Announces Fourth Quarter Dividend for 2025, Payable on March 16, 2026 United Bancshares, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share for the fourth quarter of 2025 for shareholders of record on February 27, 2026, payable on March 16, 2026. Annonce • Jul 18
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2025 United Bancshares, Inc. declared quarterly cash dividend of $0.23 per share for shareholders of record on August 29, 2025, payable on September 15, 2025. Annonce • Apr 19
United Bancshares, Inc. Announces Dividend for the First Quarter 2025, Payable on June 16, 2025 United Bancshares, Inc. announced dividend for the first quarter 2025, payable on June 16, 2025. For the period, the company reported dividend of $0.23 per share, a 4.5% increase, for shareholders of record on May 30, 2025 and based on the average closing price for the first quarter, this is a 3.23% dividend yield. Annonce • Jan 24
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on March 17, 2025 United Bancshares, Inc. announced quarterly cash dividend declared of $0.22 per share for shareholders of record on February 28, 2025, payable on March 17, 2025. Annonce • Oct 18
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 29, 2024 United Bancshares, Inc. announced a quarterly cash dividend of $0.22 per share for shareholders of record on November 29, 2024, payable on December 16, 2024. Annonce • Jul 19
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on September 16, 2024 United Bancshares, Inc. declared quarterly cash dividend of $0.22 per share for shareholders of record on August 30, 2024, payable on September 16, 2024. Based on the average closing price for the second quarter, this is a 4.73% dividend yield. Annonce • Apr 20
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on June 14, 2024 The Board of Directors of United Bancshares, Inc. declared a $0.22 per common share dividend payable June 14, 2024, to shareholders of record at the close of business on May 31, 2024. The dividend is approximately 36% of the reported net income for the first quarter of 2024. Annonce • Jan 19
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024 United Bancshares, Inc. announces a quarterly cash dividend of $0.22per share for shareholders of record on February 29, 2024, payable on March 15, 2024. Annonce • Oct 20
United Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2023 The Board of Directors of United Bancshares, Inc. declared a $0.22 per share quarterly cash dividend for shareholders of record on November 30, 2023, payable on December 15, 2023. Annonce • Jan 20
United Bancshares, Inc. Declares Quarterly Dividend United Bancshares, Inc. announced that its board of directors declared a $0.22 per share dividend, a 4.8% increase as compared to the fourth quarter of 2022. Annonce • Oct 21
United Bancshares, Inc. Declares Dividend, Payable on December 15, 2022 United Bancshares, Inc. announced that Board of Directors declared a $0.21 per share cash dividend, payable to shareholders on December 15, 2022. Annonce • Jul 26
United Bancshares, Inc. Announces Voluntary NASDAQ Delisting and SEC Deregistration United Bancshares, Inc. announced that it has notified the NASDAQ Stock Market of the Company’s intent to voluntarily delist its common stock from the NASDAQ Capital Market and withdraw the registration of its common stock with the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends to file a Form 25 with the SEC to remove its common stock from listing on the NASDAQ Capital Market and to deregister its stock under Section 12(b) of the Exchange Act on or about August 17, 2022. The Company expects the last trading day of its shares of common stock on the NASDAQ Capital Market will be on or about August 26, 2022. The Company intends to file a Form 15 with the SEC on or about September 5, 2022 to terminate the registration of its common stock under section 12(g) of the Exchange Act. Once the termination is effective, which is expected to occur within 90 days of filing, the Company’s obligation to file proxy materials and comply with Section 16 Exchange Act beneficial ownership reporting rules will end. The obligation of the Company to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, pursuant to Section 15(d) of the Exchange Act, will continue for the balance of its fiscal year ending December 31, 2022. The Company intends to file a Form 15 with the SEC after the filing of its Annual Report on SEC form 10-K for its fiscal year ended December 31, 2022, filed in early 2023, and upon such filing the Company’s obligation to file reports under Section 15(d) of the Exchange Act, including SEC Form 10-K, 10-Q, and 8-K, will be suspended immediately. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.66 (vs US$0.81 in 2Q 2021) Second quarter 2022 results: EPS: US$0.66 (down from US$0.81 in 2Q 2021). Revenue: US$10.9m (down 11% from 2Q 2021). Net income: US$2.17m (down 18% from 2Q 2021). Profit margin: 20% (down from 22% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 20
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.77 (vs US$1.26 in 1Q 2021) First quarter 2022 results: EPS: US$0.77 (down from US$1.26 in 1Q 2021). Revenue: US$11.3m (down 20% from 1Q 2021). Net income: US$2.52m (down 39% from 1Q 2021). Profit margin: 22% (down from 29% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Herb Huffman was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 22
United Bancshares, Inc. Declares Dividend for the First Quarter Ended March 31, 2022, Payable on June 15, 2022 The board of directors of United Bancshares, Inc. declared a $0.21 per common share dividend payable June 15, 2022 to shareholders of record at the close of business on May 31, 2022. The dividend is approximately 27% of the reported net income for the first quarter ended March 31, 2022. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.14 (down from US$4.21 in FY 2020). Revenue: US$52.8m (down 2.0% from FY 2020). Net income: US$13.6m (down 1.3% from FY 2020). Profit margin: 26% (in line with FY 2020). Net interest margin (NIM): 3.77% (no change from 3.77% in FY 2020). Non-performing loans: 0.20% (down from 0.39% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 18
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.2%). Reported Earnings • Jan 23
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.14 (down from US$4.21 in FY 2020). Revenue: US$52.8m (down 2.0% from FY 2020). Net income: US$13.6m (down 1.3% from FY 2020). Profit margin: 26% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.3%). Reported Earnings • Oct 24
Third quarter 2021 earnings released: EPS US$1.25 (vs US$1.61 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$14.6m (down 12% from 3Q 2020). Net income: US$4.09m (down 22% from 3Q 2020). Profit margin: 28% (down from 32% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 15 September 2021. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS US$0.81 (vs US$1.73 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$12.2m (down 23% from 2Q 2020). Net income: US$2.66m (down 53% from 2Q 2020). Profit margin: 22% (down from 36% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 17% share price gain to US$37.03, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 77% over the past three years. Upcoming Dividend • May 20
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 15 June 2021. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (2.2%). Executive Departure • May 06
Chief Financial Officer has left the company On the 30th of April, Stacy Cox's tenure as Chief Financial Officer ended after 2.2 years in the role. As of December 2020, Stacy personally held 3.06k shares (US$78k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS US$1.26 (vs US$0.33 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$14.1m (up 50% from 1Q 2020). Net income: US$4.12m (up 278% from 1Q 2020). Profit margin: 29% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Mar 16
United Bancshares, Inc., Annual General Meeting, Apr 28, 2021 United Bancshares, Inc., Annual General Meeting, Apr 28, 2021, at 10:30 US Eastern Standard Time. Location: The Union Bank Company, 105 Progressive Drive Columbus Grove Ohio United States Agenda: To consider the election of directors to serve until the 2022 Annual Meeting; to consider the appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for the Corporation; and to transact such other business as may properly come before the meeting or any adjournment thereof. Is New 90 Day High Low • Mar 12
New 90-day high: US$25.70 The company is up 5.0% from its price of US$24.59 on 11 December 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 29% over the same period. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS US$4.21 (vs US$3.26 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$53.8m (up 30% from FY 2019). Net income: US$13.8m (up 29% from FY 2019). Profit margin: 26% (in line with FY 2019). Net interest margin (NIM): 3.77% (up from 3.75% in FY 2019). Non-performing loans: 0.39% (down from 0.47% in FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS US$4.21 The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$53.8m (up 30% from FY 2019). Net income: US$13.8m (up 29% from FY 2019). Profit margin: 26% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 12
New 90-day high: US$22.15 The company is up 16% from its price of US$19.02 on 14 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 10.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of US$16.2m, up 80% from the prior year. Total revenue was US$52.6m over the last 12 months, up 31% from the prior year. 