United Bancshares, Inc. (USOTC:UBOH) reported slightly higher earnings for the fourth quarter, alongside an increase in its quarterly dividend, reflecting continued balance-sheet stability and improved profitability.
The Ohio-based financial holding company posted fourth-quarter net income of $3.1 million, or $1.04 per share, up from $3.0 million, or $1.02 per share, in the same period a year earlier. The board also approved a quarterly cash dividend of $0.24 per share.
Quarterly revenue totaled $21.84 million. For the full year 2025, United Bancshares delivered net income of $12.0 million, or $4.04 per share, a marked improvement from $9.2 million, or $3.06 per share, recorded in 2024.
Net interest margin strengthened meaningfully during the quarter, rising to 4.03% from 3.39% in the fourth quarter of 2024. Loan balances increased by $58.1 million, representing growth of 7.58% compared with December 31, 2024. Core deposits also edged higher, increasing by $2.4 million, or 0.24%, after excluding fluctuations linked to the Ohio Treasurers Homebuyers Plus Program.
“I am pleased to report that your Company had another successful year,” said Brian D. Young, President and CEO. “In addition to reporting net income of $12 million for 2025, the Company had a return on average tangible equity of 15.85%, $58.1 million in loan growth and $2.4 million in core deposit growth for the twelve-month period ending December 31, 2025.”
The newly declared dividend of $0.24 per share will be paid on March 16 to shareholders of record as of February 27. The payout represents a 4.3% increase from the prior dividend and equates to an annualized yield of roughly 2.65%, based on the average closing share price during the fourth quarter.
Profitability metrics were mixed. Return on average assets for the quarter improved to 1.02% from 0.98% a year earlier, while return on average tangible equity declined to 14.64% from 17.27% in the comparable period. Asset quality remained solid, with non-performing loans stable and charge-offs continuing to sit at historically low levels.