United Bancshares, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2018
January 22, 2019 at 04:10 pm
Share
United Bancshares, Inc. reported unaudited earnings results for the fourth quarter and twelve months ended December 31, 2018. For the period the company reported net income of $2,435,000 compared to $865,000 a year ago. Net income was $0.74 per basic share compared to $0.27 per basic share a year ago.
For the period the company reported net interest income of $28,207,000 compared to $22,654,000 a year ago. Net income was $8,220,000 compared to $3,846,000 a year ago. Net income was $2.51 per basic share compared to $1.18 per basic share 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. 
