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1. Company Snapshot

1.a. Company Description

United Bancshares, Inc.operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services.The company accepts various deposits products, such as checking, savings, demand deposit, money market deposit, term certificate, and individual retirement accounts, as well as certificates of deposit.


Its loan products include commercial and residential real estate, agricultural, commercial and industrial, home equity, and various types of consumer and small business administration loans.The company also offers wealth management, financial needs analysis, mutual funds, securities trading, annuities, and life insurance services; and treasury management, online and mobile banking, automatic teller machine, bill pay, safe deposit box rental, payment, and other personalized services.It operates eighteen full service banking centers and three loan production offices in northwest and central Ohio.


United Bancshares, Inc.was founded in 1904 and is headquartered in Columbus Grove, Ohio.

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1.b. Last Insights on UBOH

United Bancshares, Inc.'s recent positive drivers include the announcement of a $0.22 dividend per share, representing a 3.93% dividend yield based on the average closing price for the fourth quarter. This demonstrates the company's commitment to returning value to shareholders. The company's strong fourth-quarter and full-year 2024 results also suggest a solid financial foundation, which should support future dividend payments and potential share buybacks.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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UNITED BANCSHARES, INC. ANNOUNCES THIRD QUARTER 2025 RESULTS AND $0.23 DIVIDEND

Oct -23

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES SECOND QUARTER 2025 RESULTS AND $0.23 DIVIDEND

Jul -17

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES FIRST QUARTER 2025 RESULTS AND $0.23 DIVIDEND

Apr -17

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS AND $0.22 DIVIDEND

Jan -23

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS AND $0.22 DIVIDEND

Oct -17

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS AND $0.22 DIVIDEND

Jul -18

Source: prnewswire.com

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UNITED BANCSHARES, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS AND $0.22 DIVIDEND

Apr -18

Source: prnewswire.com

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Buyout Boom: 3 Regional Bank Stock Bargains to Grab Before They're Gone

Feb -28

Source: InvestorPlace

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Commercial and Consumer Banking

Expected Growth: 4.5%

United Bancshares' Commercial and Consumer Banking segment is poised for growth driven by increasing demand for digital banking services, rising small business formations, and a growing need for financial services among individuals and commercial customers.

7. Detailed Products

Commercial Banking

United Bancshares, Inc. offers a range of commercial banking services, including cash management, treasury management, and commercial lending, to help businesses manage their finances and achieve their goals.

Retail Banking

United Bancshares, Inc. provides personal banking services, including checking and savings accounts, credit cards, and personal loans, to help individuals manage their finances and achieve their personal goals.

Wealth Management

United Bancshares, Inc. offers wealth management services, including investment management, trust services, and financial planning, to help individuals and families achieve their long-term financial goals.

Mortgage Banking

United Bancshares, Inc. provides mortgage banking services, including residential and commercial mortgage lending, to help individuals and businesses achieve their real estate goals.

Treasury Management

United Bancshares, Inc. offers treasury management services, including cash management, wire transfers, and account reconciliation, to help businesses manage their cash flow and optimize their financial operations.

8. United Bancshares, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

United Bancshares, Inc. operates in a highly competitive industry, with many substitutes available to customers. However, the company's strong brand recognition and customer loyalty help to mitigate the threat of substitutes.

Bargaining Power Of Customers

United Bancshares, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong relationships with its customers help to reduce the threat of customer bargaining power.

Bargaining Power Of Suppliers

United Bancshares, Inc. relies on a few large suppliers for its operations, which gives them some bargaining power. However, the company's strong financial position and long-term contracts help to mitigate this threat.

Threat Of New Entrants

The banking industry has high barriers to entry, including regulatory hurdles and capital requirements. This makes it difficult for new entrants to join the market, reducing the threat of new entrants to United Bancshares, Inc.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share. United Bancshares, Inc. faces intense competition from larger banks and fintech companies, which increases the intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 16.11%
Debt Cost 5.58%
Equity Weight 83.89%
Equity Cost 5.58%
WACC 5.58%
Leverage 19.21%

11. Quality Control: United Bancshares, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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United Bancshares

A-Score: 7.5/10

Value: 8.3

Growth: 4.3

Quality: 7.8

Yield: 6.0

Momentum: 10.0

Volatility: 8.7

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Richmond Mutual Bancorporation

A-Score: 7.2/10

Value: 7.6

Growth: 8.1

Quality: 5.1

Yield: 8.0

Momentum: 7.5

Volatility: 7.0

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Univest Financial

A-Score: 6.3/10

Value: 7.2

Growth: 5.0

Quality: 6.5

Yield: 6.0

Momentum: 6.0

Volatility: 7.3

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Trustmark

A-Score: 6.2/10

Value: 6.3

Growth: 4.8

Quality: 5.9

Yield: 5.0

Momentum: 7.5

Volatility: 8.0

1-Year Total Return ->

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First US Bancshares

A-Score: 5.1/10

Value: 6.9

Growth: 5.3

Quality: 4.2

Yield: 4.0

Momentum: 6.5

Volatility: 4.0

1-Year Total Return ->

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Codorus Valley

A-Score: 5.1/10

Value: 7.1

Growth: 6.0

Quality: 7.4

Yield: 2.0

Momentum: 5.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

33.26$

Current Price

33.26$

Potential

-0.00%

Expected Cash-Flows