United Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	58.82	42.81	38.66	31.2	33.72
Interest Income on Investments	-	10.48	8.54	7.74	5.08
Total Interest Income	58.82	53.28	47.2	38.94	38.8
Interest Paid on Deposits	18.47	19.53	12.7	2.32	2.28
Interest Paid on Borrowings	-	1.46	1.4	0.94	0.79
Total Interest Expense	18.47	20.99	14.09	3.26	3.07
Net Interest Income	40.36	32.3	33.11	35.68	35.74
Net Interest Income Growth (YoY)	24.95%	-2.44%	-7.22%	-0.14%	8.15%
Gain (Loss) on Sale of Investments	-	-0.01	-0.07	-0.11	-0.02
Other Non-Interest Income	7.13	4.19	4	6.97	2.8
Total Non-Interest Income	7.13	8.42	7.38	9.95	17.35
Non-Interest Income Growth (YoY)	-15.32%	14.16%	-25.91%	-42.61%	-35.76%
Revenues Before Loan Losses	47.49	40.72	40.48	45.64	53.08
Provision for Loan Losses	0.45	-1.11	-0.39	-1	0.3
Revenue	47.04	41.83	40.87	46.64	52.78
Revenue Growth (YoY)	12.45%	2.35%	-12.36%	-11.64%	-1.97%
Salaries and Employee Benefits	-	15.18	15.56	18.23	20.52
Selling, General & Administrative	-	5.56	5.69	6.41	4.67
Other Non-Interest Expense	33.52	11.18	10.33	9.48	11.52
Total Non-Interest Expense	33.52	31.92	31.58	34.11	36.71
EBT Excluding Unusual Items	13.52	9.92	9.29	12.52	16.08
Pretax Income	13.52	9.92	9.29	12.52	16.08
Income Tax Expense	1.53	0.76	0.68	1.21	2.49
Net Income	12	9.16	8.61	11.31	13.58
Net Income to Common	12	9.16	8.61	11.31	13.58
Net Income Growth	31.02%	6.38%	-23.91%	-16.72%	-1.26%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	-0.88%	-2.67%	-5.79%	-2.20%	0.96%
EPS (Basic)	4.04	3.06	2.80	3.47	4.14
EPS (Diluted)	4.04	3.06	2.80	3.46	4.07
EPS Growth	32.11%	9.29%	-19.07%	-14.99%	-2.16%
Dividend Per Share	0.900	0.880	0.880	0.840	0.730
Dividend Growth	2.27%	-	4.76%	15.07%	43.14%
Effective Tax Rate	11.28%	7.68%	7.35%	9.69%	15.52%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.