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United Bancshares, Inc. Reports First Quarter 2021 Results


United Bancshares, Inc. Reports First Quarter 2021 Results
Results Include Robust Earnings Growth for the First Quarter of 2021
COLUMBUS GROVE, Ohio, April 22, 2021 (GLOBE NEWSWIRE) United Bancshares, Inc. (NASDAQ: UBOH)
Highlights
Pretax net income of $5.0 million
Return on Average Assets of 1.66%
Return on Average Tangible Equity of 19.94%
Earnings per share of $1.26
Full Details
Commentary from our CEO
United Bancshares President and Chief Executive Officer, Brian D. Young said, “We are pleased to report these strong results for the first quarter of 2021. Our results include pre-tax net income of $5.0 million for the quarter, a significant increase over the first quarter of 2020. Our Company’s Board of Directors also approved a $0.17 per common share dividend, which was a 6.25% increase from last quarter and amounted to approximately 13.5% of net income for the first quarter. During the quarter, our teams produced $48.4 million ....

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