A Business at a Glance
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UNITED BANCSHARES INC/OH
UBOH
$124M
Mkt Cap
$38.00
+0.26%
UNITED BANCSHARES INC/OH (UBOH) has a current P/E ratio of 11.0.
UNITED BANCSHARES INC/OH (UBOH) has a 5-year average return on invested capital (ROIC) of 11.3%. This indicates solid capital allocation.
UNITED BANCSHARES INC/OH (UBOH) has a market capitalization of $124M. It is classified as a small-cap stock.
Yes, UNITED BANCSHARES INC/OH (UBOH) pays a dividend with a trailing twelve-month yield of 2.21%. The company also returns capital through share buybacks, with a buyback yield of 2.32%.
UNITED BANCSHARES INC/OH (UBOH) operates in the National Commercial Banks industry, within the Financials sector.
UNITED BANCSHARES INC/OH (UBOH) reported annual revenue of $49 million in its most recent fiscal year, based on SEC EDGAR filings.
UNITED BANCSHARES INC/OH (UBOH) has a net profit margin of 23.1%. This is a strong margin indicating high profitability.
United Bancshares, Inc. (“ UBOH”), an Ohio corporation, organized in 1985, is headquartered in Columbus Grove, Ohio. We are a financial holding company under the Bank Holding CompanyAct of 1956, as amended (the “ BHCA”), with consolidated total assets of$1.1 billion atDecember 31, 2022. UBOH is regulated a s a one-bank holding company by the Board of Governors of the Federal Reserve System (the “ Federal Reserve Board”), and its principal asset and operating subsidiary is The Union Bank Company, an Ohio state chartered commercial bank (“ Union Bank”). United Bancshares' primary objective is to be a high-performing, relationship-focused financial institution by concentrating its efforts on serving the financial needs of consumers and small businesses in the communities that it serves. As of December 31, 2022, UBOH and its subsidiary (collectively the “ Corporation”) employed a pproximately 211 full-time equivalent employees. United Bancshares, Inc.
| Metric | TTM | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|
| Revenue | 49M | 49M | 56M | 67M | 53M | 44M |
| Net Income | 11M | 11M | 14M | 14M | 11M | 8.2M |
| EPS | $3.46 | $3.46 | $4.07 | $4.16 | $3.26 | $2.51 |
| Free Cash Flow | 13M | 13M | 22M | 16M | 2.9M | 4.6M |
| ROIC | 1.6% | 9.9% | 11.6% | 13.0% | 11.8% | 10.3% |
| Gross Margin | - | - | - | - | - | 0.0% |
| Debt/Equity | 2.23 | 2.23 | 1.28 | 1.42 | 1.14 | 1.46 |
| Dividends/Share | $0.84 | $0.84 | $0.73 | $0.51 | $0.52 | $0.48 |
| Operating Income | 5.4M | 5.4M | 2.1M | 1.4M | 4.4M | 2.7M |
| Operating Margin | 11.0% | 11.0% | 3.8% | 2.1% | 8.2% | 6.2% |
| ROE | 13.7% | 11.2% | 11.8% | 13.3% | 12.1% | 10.5% |
| Shares Outstanding | 3M | 3M | 3M | 3M | 3M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 30M | 27M | 24M | 24M | 27M | 26M | 32M | 44M | 53M | 67M | 56M | 49M | 49M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 7.9M | 8.6M | 8.2M | 8.4M | 9.3M | 9.6M | 12M | 16M | 19M | 22M | 21M | 18M | 18M |
| EBIT | 1.2M | 1.2M | 1.6M | 1.8M | 1.7M | 2.1M | 2.3M | 2.7M | 4.4M | 1.4M | 2.1M | 5.4M | 5.4M |
| Op. Margin | 4.0% | 4.5% | 6.7% | 7.5% | 6.3% | 7.8% | 7.1% | 6.2% | 8.2% | 2.1% | 3.8% | 11.0% | 11.0% |
| Net Income | 2.9M | 4.5M | 4.6M | 4.3M | 5.9M | 5.5M | 3.8M | 8.2M | 11M | 14M | 14M | 11M | 11M |
| Net Margin | 9.7% | 16.6% | 19.1% | 18.0% | 21.5% | 20.9% | 12.1% | 18.8% | 20.2% | 20.5% | 24.2% | 23.1% | 23.1% |
| Non-Recurring | 335K | 3K | 206K | 184K | 49K | 176K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.1% | 7.2% | 7.3% | 6.6% | 8.5% | 7.7% | 5.2% | 10.3% | 11.8% | 13.0% | 11.6% | 9.9% | 1.6% |
| ROE | 5.1% | 7.2% | 7.3% | 6.6% | 8.5% | 7.7% | 5.2% | 10.5% | 12.1% | 13.3% | 11.8% | 11.2% | 13.7% |
| ROA | 0.5% | 0.8% | 0.8% | 0.7% | 0.9% | 0.9% | 0.5% | 1.0% | 1.2% | 1.5% | 1.3% | 1.0% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 9.6M | 7.3M | 5.1M | 4.8M | 6.9M | 6.6M | 5.9M | 5.1M | 3.6M | 17M | 26M | 17M | 17M |
| Free Cash Flow | 9.4M | 7.2M | 4.7M | 4.5M | 6.6M | 4.2M | 1.7M | 4.6M | 2.9M | 16M | 22M | 13M | 13M |
| Owner Earnings | 8.8M | 6.5M | 4.4M | 4.0M | 6.2M | 5.5M | 4.7M | 4.1M | 2.4M | 16M | 25M | 15M | 15M |
| CapEx | 168K | 114K | 395K | 314K | 312K | 2.4M | 4.2M | 525K | 753K | 1.6M | 4.0M | 3.6M | 3.6M |
| Maint. CapEx | 698K | 772K | 649K | 701K | 659K | 909K | 938K | 1.1M | 1.2M | 1.5M | 1.5M | 1.6M | 1.6M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 1.5M | 3.2M | 0 | 0 | 81K | 2.4M | 2.0M | 2.0M |
| D&A | 698K | 772K | 649K | 701K | 659K | 909K | 938K | 1.1M | 1.2M | 1.5M | 1.5M | 1.6M | 1.6M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 689K | 1.2M | 1.2M | 1.4M | 1.6M | 1.6M | 1.7M | 1.7M | 2.4M | 2.7M | 2.7M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.2% |
| Share Buybacks | 0 | 0 | 72K | 1.1M | 927K | 833K | 0 | 0 | 95K | 0 | 368K | 2.9M | 2.9M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | 2.3% |
| Stock-Based Comp | 75K | 40K | 54K | 85K | 0 | 209K | 250K | 2K | 9K | 3K | 0 | 0 | 0 |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -52M | -11M | 59M | 42M | N/A | N/A | -197M | -38M | -85M | -67M | -231M | -52M | 229M |
| Cash & Equiv. | 57M | 50M | 22M | 32M | 23M | 14M | 27M | -11M | 9.9M | 31M | 75M | -45M | -45M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 22K | 2.6M | 2.6M | 2.6M | 1.0M | 26M | 26M |
| Debt/Equity | 0.09 | 0.60 | 1.30 | 1.10 | 7.51 | 7.73 | 0.00 | 1.46 | 1.14 | 1.42 | 1.28 | 2.23 | 2.23 |
| Interest Coverage | 0.2 | 0.3 | 0.5 | 0.7 | 0.8 | 0.9 | 0.7 | 0.0 | 0.5 | 0.2 | 0.7 | 1.6 | 1.6 |
| Equity | 60M | 64M | 63M | 68M | 72M | 73M | 76M | 81M | 95M | 112M | 119M | 83M | 83M |
| Total Assets | 587M | 572M | 556M | 650M | 609M | 633M | 780M | 830M | 880M | 979M | 1.1B | 1.1B | 1.1B |
| Total Liabilities | 527M | 508M | 493M | 582M | 537M | 561M | 705M | 749M | 785M | 867M | 957M | 1.0B | 1.0B |
| Intangibles | 215K | 174K | 133K | 1.0M | 903K | 766K | 1.1M | 953K | 794K | 643K | 499K | 359K | 359K |
| Retained Earnings | 43M | 47M | 51M | 54M | 59M | 63M | 65M | 72M | 81M | 93M | 104M | 112M | 112M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.85 | 1.30 | 1.35 | 1.27 | 1.77 | 1.68 | 1.18 | 2.51 | 3.26 | 4.16 | 4.07 | 3.46 | 3.46 |
| Owner EPS | 2.55 | 1.87 | 1.28 | 1.19 | 1.86 | 1.67 | 1.43 | 1.25 | 0.73 | 4.75 | 7.46 | 4.64 | 4.64 |
| Book Value | 17.26 | 18.60 | 18.33 | 19.97 | 21.41 | 22.08 | 23.23 | 24.72 | 29.00 | 33.75 | 35.69 | 25.30 | 25.30 |
| Cash Flow/Share | 2.77 | 2.11 | 1.48 | 1.42 | 2.06 | 2.01 | 1.80 | 1.57 | 1.11 | 5.21 | 7.92 | 5.13 | 3.95 |
| Dividends/Share | N/A | 0.05 | 0.20 | 0.35 | 0.36 | 0.44 | 0.48 | 0.48 | 0.52 | 0.51 | 0.73 | 0.84 | 0.84 |
| Shares Out. | 3.5M | 3.4M | 3.4M | 3.4M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M | 3.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 65.9 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.5 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.5 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.6% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | 124M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A | 38.00 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A | 38.00 |
UNITED BANCSHARES INC/OH passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 11.3%. Total shareholder yield (dividends + buybacks) is 4.5%.
UNITED BANCSHARES INC/OH (UBOH) generated $13 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
UNITED BANCSHARES INC/OH (UBOH) has a debt-to-equity ratio of 2.23. This indicates higher leverage, which may increase financial risk.
UNITED BANCSHARES INC/OH (UBOH) reported earnings per share (EPS) of $3.46 in its most recent fiscal year.
UNITED BANCSHARES INC/OH (UBOH) has a return on equity (ROE) of 11.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 14 years of financial data for UNITED BANCSHARES INC/OH (UBOH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNITED BANCSHARES INC/OH (UBOH) has a book value per share of $25.30, based on its most recent annual SEC filing.
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