United Bancshares Financials
United Bancshares (UBOH) reported $1.2M in revenue for fiscal year 2022, up 13.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Positive profit and cash flow are not the main story; a shrinking equity cushion is making leverage do the talking.
Assets were nearly flat from$1.08B in FY2021 to$1.09B in FY2022. Yet equity fell to$82.7M even as net income stayed positive at$11.3M ; that mismatch means the rising leverage ratio came more from a thinner capital base than from asset growth.
Cash generation still tracked profit reasonably well: FY2022 operating cash flow was
Across FY2020 to FY2022, total assets rose by about
Financial Health Signals
United Bancshares does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
United Bancshares passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, United Bancshares generates $1.48 in operating cash flow ($16.8M OCF vs $11.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
United Bancshares generated $1.2M in revenue in fiscal year 2022. This represents an increase of 13.0% from the prior year.
United Bancshares reported $11.3M in net income in fiscal year 2022. This represents a decrease of 16.7% from the prior year.
United Bancshares earned $3.46 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 15.0% from the prior year.
Not reported for fiscal year 2022.
Cash & Balance Sheet
United Bancshares generated $13.2M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 41.3% from the prior year.
United Bancshares held $30.7M in cash as of fiscal year 2022; long-term debt is not reported for that period.
United Bancshares paid $0.84 per share in dividends in fiscal year 2022. This represents an increase of 15.1% from the prior year.
Margins & Returns
United Bancshares's ROE was 13.7% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
Not shown for fiscal year 2022: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
United Bancshares spent $2.9M on share buybacks in fiscal year 2022, returning capital to shareholders by reducing shares outstanding. This represents an increase of 681.5% from the prior year.
United Bancshares invested $3.6M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 9.6% from the prior year.
Not reported for fiscal year 2022.
UBOH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M+13.0% | $1.1M-1.1% | $1.1M-25.8% | $1.5M-7.7% | $1.6M-1.6% | $1.6M+1.6% | $1.6M-92.9% | $22.8M+16.4% | $19.6M-1.2% | $19.9M-12.1% | $22.6M-14.6% | $26.5M-12.6% | $30.3M-7.9% | $32.9M |
| SG&A Expenses | $18.5M-10.9% | $20.7M-6.4% | $22.1M+18.5% | $18.7M+17.4% | $15.9M+32.1% | $12.0M+25.1% | $9.6M+3.6% | $9.3M+10.4% | $8.4M+2.2% | $8.2M-3.7% | $8.6M+7.8% | $7.9M+2.8% | $7.7M+3.9% | $7.4M |
| Interest Expense | $3.3M+6.2% | $3.1M-56.1% | $7.0M-21.7% | $8.9M+44.9% | $6.2M+97.5% | $3.1M+39.8% | $2.2M+7.4% | $2.1M-22.2% | $2.7M-17.9% | $3.2M-30.5% | $4.7M-36.2% | $7.3M-18.2% | $9.0M-27.3% | $12.3M |
| Income Tax | $1.2M-51.3% | $2.5M-14.6% | $2.9M+80.9% | $1.6M+5.6% | $1.5M-46.9% | $2.9M+65.1% | $1.7M+24.1% | $1.4M+29.7% | $1.1M-12.7% | $1.2M+15.8% | $1.1M+950.0% | $102K-28.7% | $143K-8.3% | $156K |
| Net Income | $11.3M-16.7% | $13.6M-1.3% | $13.8M+29.0% | $10.7M+29.7% | $8.2M+113.7% | $3.8M-30.3% | $5.5M-6.7% | $5.9M+37.3% | $4.3M-7.1% | $4.6M+3.5% | $4.5M+52.4% | $2.9M+4.8% | $2.8M-2.6% | $2.9M |
| EPS (Diluted) | $3.46-15.0% | $4.07-2.2% | $4.16+28.0% | $3.25+29.5% | $2.51+112.7% | $1.18-29.8% | $1.68 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
UBOH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+1.0% | $1.1B+10.0% | $978.5M+11.2% | $880.0M+6.0% | $830.3M+6.4% | $780.5M+23.3% | $633.1M+4.0% | $608.7M-6.4% | $650.2M+16.9% | $556.2M-2.8% | $572.4M-2.5% | $587.0M-4.2% | $612.6M | N/A |
| Cash & Equivalents | $30.7M-59.2% | $75.2M+31.9% | $57.0M+115.9% | $26.4M+60.3% | $16.5M-39.6% | $27.3M+92.3% | $14.2M-38.1% | $22.9M-29.2% | $32.4M+44.4% | $22.4M-55.1% | $49.9M-12.9% | $57.3M+17.9% | $48.6M+77.5% | $27.4M |
| Goodwill | $28.6M0.0% | $28.6M0.0% | $28.6M0.0% | $28.6M0.0% | $28.6M+13.5% | $25.2M+150.2% | $10.1M0.0% | $10.1M0.0% | $10.1M+17.7% | $8.6M0.0% | $8.6M0.0% | $8.6M0.0% | $8.6M | N/A |
| Total Liabilities | $1.0B+4.9% | $957.5M+10.4% | $866.9M+10.4% | $785.2M+4.8% | $749.4M+6.3% | $704.7M+25.7% | $560.6M+4.4% | $537.1M-7.8% | $582.4M+18.1% | $493.2M-3.0% | $508.3M-3.6% | $527.3M-5.4% | $557.6M | N/A |
| Total Equity | $82.7M-30.6% | $119.1M+6.7% | $111.6M+17.7% | $94.8M+17.1% | $80.9M+6.9% | $75.7M+4.3% | $72.6M+1.4% | $71.6M+5.6% | $67.8M+7.6% | $63.0M-1.8% | $64.2M+7.4% | $59.7M+8.6% | $55.0M+1.3% | $54.3M |
| Retained Earnings | $112.5M+8.2% | $103.9M+12.1% | $92.7M+15.0% | $80.6M+12.5% | $71.7M+10.3% | $65.0M+3.6% | $62.7M+6.9% | $58.6M+8.7% | $53.9M+6.1% | $50.8M+8.4% | $46.9M+10.1% | $42.5M+7.4% | $39.6M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
UBOH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.8M-36.5% | $26.4M+53.6% | $17.2M+375.2% | $3.6M-29.6% | $5.1M-12.1% | $5.9M-11.4% | $6.6M-4.0% | $6.9M+42.5% | $4.8M-5.2% | $5.1M-30.0% | $7.3M-24.1% | $9.6M-7.3% | $10.3M+86.0% | $5.6M |
| Capital Expenditures | $3.6M-9.6% | $4.0M+150.5% | $1.6M+109.8% | $753K+43.4% | $525K-87.4% | $4.2M+74.3% | $2.4M+668.9% | $312K-0.6% | $314K-20.5% | $395K+246.3% | $114K-32.2% | $168K-46.3% | $314K-15.5% | $371K |
| Free Cash Flow | $13.2M-41.3% | $22.5M+43.8% | $15.6M+444.8% | $2.9M-37.9% | $4.6M+175.6% | $1.7M-60.2% | $4.2M-35.9% | $6.6M+45.5% | $4.5M-3.9% | $4.7M-34.4% | $7.2M-23.9% | $9.4M-6.1% | $10.0M+93.3% | $5.2M |
| Investing Cash Flow | -$103.0M-6.7% | -$96.5M-48.2% | -$65.1M-149.8% | -$26.1M+55.4% | -$58.4M-46.6% | -$39.9M-11.1% | -$35.9M-216.7% | $30.7M+1431.2% | $2.0M+111.1% | -$18.1M-458.8% | $5.1M-83.3% | $30.2M-27.9% | $41.9M+2333.2% | $1.7M |
| Financing Cash Flow | $41.7M-52.7% | $88.2M+12.4% | $78.5M+142.5% | $32.4M-23.8% | $42.5M-9.8% | $47.1M+129.5% | $20.5M+143.6% | -$47.1M-1615.8% | $3.1M+121.5% | -$14.5M+26.7% | -$19.7M+36.6% | -$31.1M-0.3% | -$31.0M-461.6% | -$5.5M |
| Dividends Paid | $2.7M+14.7% | $2.4M+43.5% | $1.7M-2.0% | $1.7M+8.5% | $1.6M-0.1% | $1.6M+8.5% | $1.4M+20.5% | $1.2M+0.5% | $1.2M+73.2% | $689K+300.1% | $172K | N/A | -$1.6M | N/A |
| Share Buybacks | $2.9M+681.5% | $368K | $0-100.0% | $95K | N/A | N/A | $833K-10.1% | $927K-18.4% | $1.1M+1473.4% | $72K | N/A | N/A | N/A | N/A |
UBOH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 918.0% | 1246.0% | 1248.2% | 717.4% | 510.6% | 235.1% | 342.9% | 25.9%+3.9pp | 22.0%-1.4pp | 23.4%+3.5pp | 19.9%+8.7pp | 11.1%+1.8pp | 9.3%+0.5pp | 8.8% |
| Return on Equity | 13.7%+2.3pp | 11.4%-0.9pp | 12.3%+1.1pp | 11.3%+1.1pp | 10.2%+5.1pp | 5.1%-2.5pp | 7.6%-0.7pp | 8.3%+1.9pp | 6.4%-1.0pp | 7.4%+0.4pp | 7.0%+2.1pp | 4.9%-0.2pp | 5.1%-0.2pp | 5.3% |
| Return on Assets | 1.0%-0.2pp | 1.3%-0.1pp | 1.4%+0.2pp | 1.2%+0.2pp | 1.0%+0.5pp | 0.5%-0.4pp | 0.9%-0.1pp | 1.0%+0.3pp | 0.7%-0.2pp | 0.8%+0.1pp | 0.8%+0.3pp | 0.5%0.0pp | 0.5% | N/A |
| Debt-to-Equity | 12.15+4.1x | 8.04+0.3x | 7.77-0.5x | 8.28-1.0x | 9.26-0.1x | 9.31+1.6x | 7.73+0.2x | 7.51-1.1x | 8.59+0.8x | 7.83-0.1x | 7.92-0.9x | 8.83-1.3x | 10.14 | N/A |
| FCF Margin | 1071.4% | 2062.4% | 1419.0% | 193.1% | 287.2% | 102.6% | 261.7% | 28.8%+5.8pp | 23.0%-0.6pp | 23.7%-8.0pp | 31.7%-3.9pp | 35.6%+2.5pp | 33.1%+17.3pp | 15.8% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
