United Bancshares, Inc. Reports Earnings Results for the Nine Months Ended September 30, 2022
October 20, 2022 at 04:43 pm EDT
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United Bancshares, Inc. reported earnings results for the nine months ended September 30, 2022. For the nine months, the company reported net interest income was USD 26.21 million compared to USD 26.99 million a year ago. Net income was USD 7.78 million compared to USD 10.86 million a year ago.
Basic earnings per share from continuing operations was USD 2.37 compared to USD 3.31 a year ago.
United Bancshares, Inc. is a financial holding company. Its principal subsidiary is The Union Bank Company (Union Bank). Its core business operations are conducted through its subsidiaries, Union Bank and UBC Risk Management, Inc. (UBC Risk Management). Union Bank is a full-service community bank offering a full range of commercial and consumer banking services. Union Bank offers a range of deposit services, including checking accounts, savings and money market accounts, certificates of deposit and individual retirement accounts. Wealth management services are offered by Union Bank through an arrangement with LPL Financial LLC, a registered broker/dealer. Union Bankâs loan products include commercial and residential real estate loans, agricultural loans, commercial and industrial loans, home equity loans, various types of consumer loans and others. UBC Risk Management is a captive insurance subsidiary that insures various liability and property damage policies for the Company.
UNITED BANCSHARES, INC. 
