United Bancshares, Inc. is a financial holding company based in Columbus Grove, Ohio, with consolidated assets totaling $1.1 billion. They recently announced their fourth quarter 2022 earnings results, reporting a net income of $3,534,000 and $1.10 basic earnings per share, showcasing a significant increase compared to the same period in 2021.
The company's positive operating results for the fourth quarter of 2022 were driven by factors such as an increase in net interest income, a decrease in the provision of loan losses, and a decrease in non-interest expenses. Despite a decrease in non-interest income, United Bancshares, Inc. maintained a strong allowance for loan losses to loans ratio of 1.38 as of December 31, 2022.
Generated from the website