United Bancshares Inc
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, including checking, savings, demand, and money market deposits; and offers individual retirement accounts, as well as certificates of deposit. It also provides residential 1-4 family loans, including 1-4 famil… Read more
United Bancshares Inc (UBOH) - Net Assets
Latest net assets as of September 2025: $107.94 Million USD
Based on the latest financial reports, United Bancshares Inc (UBOH) has net assets worth $107.94 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.20 Billion) and total liabilities ($1.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $107.94 Million |
| % of Total Assets | 9.01% |
| Annual Growth Rate | 7.18% |
| 5-Year Change | -0.9% |
| 10-Year Change | 38.59% |
| Growth Volatility | 18.21 |
United Bancshares Inc - Net Assets Trend (2000–2023)
This chart illustrates how United Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Bancshares Inc (2000–2023)
The table below shows the annual net assets of United Bancshares Inc from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $93.92 Million | +13.58% |
| 2022-12-31 | $82.69 Million | -30.57% |
| 2021-12-31 | $119.09 Million | +6.72% |
| 2020-12-31 | $111.60 Million | +17.74% |
| 2019-12-31 | $94.78 Million | +17.09% |
| 2018-12-31 | $80.94 Million | +6.92% |
| 2017-12-31 | $75.70 Million | +4.34% |
| 2016-12-31 | $72.56 Million | +1.39% |
| 2015-12-31 | $71.56 Million | +5.59% |
| 2014-12-31 | $67.77 Million | +7.56% |
| 2013-12-31 | $63.01 Million | -1.81% |
| 2012-12-31 | $64.17 Million | +7.40% |
| 2011-12-31 | $59.75 Million | +8.62% |
| 2010-12-31 | $55.01 Million | +1.34% |
| 2009-12-31 | $54.28 Million | +7.14% |
| 2008-12-31 | $50.66 Million | +3.77% |
| 2007-12-31 | $48.82 Million | +5.78% |
| 2006-12-31 | $46.15 Million | +5.39% |
| 2005-12-31 | $43.79 Million | -0.99% |
| 2004-12-31 | $44.23 Million | +3.56% |
| 2003-12-31 | $42.71 Million | +4.28% |
| 2002-12-31 | $40.96 Million | +18.13% |
| 2001-12-31 | $34.67 Million | +82.02% |
| 2000-12-31 | $19.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 638.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $118.30 Million | 125.95% |
| Total Equity | $93.92 Million | 100.00% |
United Bancshares Inc Competitors by Market Cap
The table below lists competitors of United Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exco Technologies Limited
PINK:EXCOF
|
$73.48 Million |
|
Gefran S.p.A.
LSE:0EKI
|
$73.48 Million |
|
DFI Inc
TW:2397
|
$73.51 Million |
|
Monarch Networth Capital Limited
NSE:MONARCH
|
$73.51 Million |
|
Stemmer Imaging AG
XETRA:S9I
|
$73.45 Million |
|
A.F.P. Provida
SN:PROVIDA
|
$73.44 Million |
|
1SPATIAL PLC LS -10
F:G7Z1
|
$73.44 Million |
|
Merafe Resources Limited
F:RZT
|
$73.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 82,691,000 to 93,924,000, a change of 11,233,000 (13.6%).
- Net income of 8,606,000 contributed positively to equity growth.
- Dividend payments of 2,772,000 reduced retained earnings.
- Share repurchases of 2,807,000 reduced equity.
- New share issuances of 301,000 increased equity.
- Other factors increased equity by 7,905,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.61 Million | +9.16% |
| Dividends Paid | $2.77 Million | -2.95% |
| Share Repurchases | $2.81 Million | -2.99% |
| Share Issuances | $301.00K | +0.32% |
| Other Changes | $7.91 Million | +8.42% |
| Total Change | $- | 13.58% |
Book Value vs Market Value Analysis
This analysis compares United Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.22x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $8.08 | $26.00 | x |
| 2001-12-31 | $10.23 | $26.00 | x |
| 2002-12-31 | $11.19 | $26.00 | x |
| 2003-12-31 | $11.57 | $26.00 | x |
| 2004-12-31 | $11.89 | $26.00 | x |
| 2005-12-31 | $11.84 | $26.00 | x |
| 2006-12-31 | $12.83 | $26.00 | x |
| 2007-12-31 | $13.86 | $26.00 | x |
| 2008-12-31 | $14.69 | $26.00 | x |
| 2009-12-31 | $15.76 | $26.00 | x |
| 2010-12-31 | $15.97 | $26.00 | x |
| 2011-12-31 | $17.34 | $26.00 | x |
| 2012-12-31 | $18.62 | $26.00 | x |
| 2013-12-31 | $18.28 | $26.00 | x |
| 2014-12-31 | $19.90 | $26.00 | x |
| 2015-12-31 | $21.43 | $26.00 | x |
| 2016-12-31 | $22.06 | $26.00 | x |
| 2017-12-31 | $23.17 | $26.00 | x |
| 2018-12-31 | $24.76 | $26.00 | x |
| 2019-12-31 | $28.98 | $26.00 | x |
| 2020-12-31 | $34.12 | $26.00 | x |
| 2021-12-31 | $36.41 | $26.00 | x |
| 2022-12-31 | $26.22 | $26.00 | x |
| 2023-12-31 | $30.93 | $26.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.21%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 11.41x
- Recent ROE (9.16%) is above the historical average (8.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.80% | 16.00% | 0.04x | 13.48x | $-419.46K |
| 2001 | 9.38% | 22.87% | 0.04x | 11.14x | $-213.39K |
| 2002 | 15.54% | 39.58% | 0.04x | 10.38x | $2.27 Million |
| 2003 | 8.64% | 19.94% | 0.04x | 11.68x | $-579.60K |
| 2004 | 6.98% | 15.70% | 0.04x | 12.65x | $-1.33 Million |
| 2005 | 10.55% | 22.34% | 0.04x | 12.24x | $242.93K |
| 2006 | 10.68% | 24.01% | 0.04x | 11.93x | $311.56K |
| 2007 | 9.38% | 22.47% | 0.04x | 11.22x | $-302.48K |
| 2008 | 8.72% | 20.01% | 0.04x | 12.16x | $-647.37K |
| 2009 | 5.31% | 11.51% | 0.04x | 11.36x | $-2.55 Million |
| 2010 | 5.10% | 11.22% | 0.04x | 11.14x | $-2.69 Million |
| 2011 | 4.93% | 12.81% | 0.04x | 9.83x | $-3.03 Million |
| 2012 | 6.99% | 20.71% | 0.04x | 8.92x | $-1.93 Million |
| 2013 | 7.37% | 22.69% | 0.04x | 8.83x | $-1.66 Million |
| 2014 | 6.36% | 20.87% | 0.03x | 9.59x | $-2.47 Million |
| 2015 | 8.27% | 23.89% | 0.04x | 8.51x | $-1.24 Million |
| 2016 | 7.61% | 23.55% | 0.04x | 8.73x | $-1.73 Million |
| 2017 | 5.08% | 13.84% | 0.04x | 10.31x | $-3.72 Million |
| 2018 | 10.16% | 22.80% | 0.04x | 10.26x | $125.60K |
| 2019 | 11.25% | 25.49% | 0.05x | 9.28x | $1.18 Million |
| 2020 | 12.33% | 24.02% | 0.06x | 8.77x | $2.60 Million |
| 2021 | 11.40% | 25.59% | 0.05x | 9.04x | $1.67 Million |
| 2022 | 13.68% | 24.25% | 0.04x | 13.15x | $3.04 Million |
| 2023 | 9.16% | 22.21% | 0.04x | 11.41x | $-786.40K |
Industry Comparison
This section compares United Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Bancshares Inc (UBOH) | $107.94 Million | 7.80% | 10.10x | $73.46 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |