United Bancshares Q1 net income rises on loan growth

United Bancshares

17/04/2026 21:26

Overview

US community bank's Q1 net income rose 32% yr/yr to $3.7 mln

Net interest margin improved to 4.01% from 3.59% a year earlier

Company repurchased about 7% of outstanding shares in Q1 as part of capital management

Outlook

Company plans to grow client relationships and expand service areas throughout 2026

United Bancshares to introduce a new digital platform for clients in 2026

Company aims to apply new technologies to create internal efficiencies this year

Result Drivers

LOAN AND DEPOSIT GROWTH - Co said Q1 results were supported by $28.1 mln in loan growth (13.6% annualized) and $30.6 mln in deposit growth (11.6% annualized)

NON-INTEREST INCOME - Q1 profitability was enhanced by higher value of mortgage servicing rights and $121,000 gain on sale of real estate, due to higher interest rates and disposal of Gahanna location

ASSET QUALITY - Asset quality metrics remained strong with stable non-performing and classified loans and historically low charge-offs

Company press release: ID:nPn3Fy95da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$3.70 mln
Q1 Dividend
$0.25
Q1 Net Interest Margin
4.01%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)