What is United Bancshares's earnings per share (EPS)?

United Bancshares (UBOH) reported diluted earnings per share of $3.46 for fiscal year 2022. This represents a -15.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

United Bancshares Financials

UBOH

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2022 Currency USD FYE December

This page shows United Bancshares (UBOH) financial statements, including the 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).

Rhea AI UBOH FY2022 2026-04-22

Returns increasingly depended on leverage as a balance-sheet-heavy model kept asset earnings stable while the equity cushion shrank.

FY2022’s higher return on equity was not a sign of better asset profitability, because return on assets eased to 1.0% from 1.3% even as net income stayed positive. At the same time, debt-to-equity reached 12.1x and equity fell to $82.7M, so the stronger shareholder return came from a smaller capital base rather than more earnings from each dollar of assets.

Cash conversion remained sound: operating cash flow was $16.8M in FY2022 versus net income of $11.3M, so reported profit still became spendable cash. Capital intensity also stayed light: free cash flow held at $13.2M after only $3.6M of capex, suggesting fixed-asset upkeep was not the main drain on cash.

The capital cushion weakened even though retained earnings rose to $112.5M while total equity fell to $82.7M. That disconnect implies non-income-statement equity pressure was large enough to outweigh annual earnings, so headline profitability overstated how much the balance sheet actually strengthened.

Financial Health Signals

Financial Profile 30/100

Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of United Bancshares's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

United Bancshares's revenue grew 13.0% year-over-year to $1.2M, a solid pace of expansion. This earns a growth score of 43/100.

Leverage

United Bancshares has elevated debt relative to equity (D/E of 12.15), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

United Bancshares converts 1071.4% of revenue into free cash flow ($13.2M). This strong cash generation earns a score of 100/100.

Returns

United Bancshares's ROE of 13.7% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 11.4% the prior year.

Piotroski F-Score Neutral

5/9

United Bancshares passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.48x

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

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Earnings & Revenue

Revenue

$1.2M

YoY+13.0%

5Y CAGR-5.5%

10Y CAGR-25.2%

United Bancshares generated $1.2M in revenue in fiscal year 2022. This represents an increase of 13.0% from the prior year.

EBITDA

N/A

Net Income

$11.3M

YoY-16.7%

5Y CAGR+24.1%

10Y CAGR+9.7%

United Bancshares reported $11.3M in net income in fiscal year 2022. This represents a decrease of 16.7% from the prior year.

EPS (Diluted)

$3.46

YoY-15.0%

5Y CAGR+24.0%

United Bancshares earned $3.46 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 15.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$13.2M

YoY-41.3%

5Y CAGR+51.1%

10Y CAGR+6.3%

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.

Cash & Debt

$30.7M

YoY-59.2%

5Y CAGR+2.4%

10Y CAGR-4.7%

United Bancshares held $30.7M in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

$0.84

YoY+15.1%

5Y CAGR+11.8%

10Y CAGR+32.6%

United Bancshares paid $0.84 per share in dividends in fiscal year 2022. This represents an increase of 15.1% from the prior year.

Shares Outstanding

YoY-3.8%

5Y CAGR-0.7%

10Y CAGR-0.9%

United Bancshares had 3M shares outstanding in fiscal year 2022. This represents a decrease of 3.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

918.0%

YoY-327.9pp

5Y CAGR+682.9pp

10Y CAGR+898.2pp

United Bancshares's net profit margin was 918.0% in fiscal year 2022, showing the share of revenue converted to profit. This is down 327.9 percentage points from the prior year.

Return on Equity

13.7%

YoY+2.3pp

5Y CAGR+8.6pp

10Y CAGR+6.7pp

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2.9M

YoY+681.5%

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.

Capital Expenditures

$3.6M

YoY-9.6%

5Y CAGR-3.1%

10Y CAGR+41.1%

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.

UBOH Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$1.2M+13.0%	$1.1M-1.1%	$1.1M-25.8%	$1.5M-7.7%	$1.6M-1.6%	$1.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
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
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.3M+6.2%	$3.1M-56.1%	$7.0M-21.7%	$8.9M+44.9%	$6.2M+97.5%	$3.1M
Income Tax	$1.2M-51.3%	$2.5M-14.6%	$2.9M+80.9%	$1.6M+5.6%	$1.5M-46.9%	$2.9M
Net Income	$11.3M-16.7%	$13.6M-1.3%	$13.8M+29.0%	$10.7M+29.7%	$8.2M+113.7%	$3.8M
EPS (Diluted)	$3.46-15.0%	$4.07-2.2%	$4.16+28.0%	$3.25+29.5%	$2.51+112.7%	$1.18

Metric	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21
Revenue	N/A	$10.1M+9.4%	$9.3M+5.6%	$8.8M	N/A	$10.6M+15.1%	$9.2M-2.6%	$9.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$8.9M+3.5%	$8.6M+2.0%	$8.4M	N/A	$9.7M+6.7%	$9.1M-0.4%	$9.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.5M+1088.3%	$797K+39.6%	$571K+1.4%	$563K-93.6%	$8.7M+1073.3%	$745K-8.4%	$813K-2.6%	$835K
Income Tax	N/A	$201K+15.5%	$174K-52.2%	$364K	N/A	$843K+74.2%	$484K-44.6%	$873K
Net Income	$3.5M+14.5%	$3.1M+42.2%	$2.2M-13.9%	$2.5M-7.3%	$2.7M-33.6%	$4.1M+54.1%	$2.7M-35.5%	$4.1M
EPS (Diluted)	$1.10+17.0%	$0.94+44.6%	$0.65-14.5%	$0.76-6.2%	$0.81-33.6%	$1.22+52.5%	$0.80-35.5%	$1.24

UBOH Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$1.1B+1.0%	$1.1B+10.0%	$978.5M+11.2%	$880.0M+6.0%	$830.3M+6.4%	$780.5M
Current Assets	N/A	N/A	N/A	N/A	N/A	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
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M+13.5%	$25.2M
Total Liabilities	$1.0B+4.9%	$957.5M+10.4%	$866.9M+10.4%	$785.2M+4.8%	$749.4M+6.3%	$704.7M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	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
Retained Earnings	$112.5M+8.2%	$103.9M+12.1%	$92.7M+15.0%	$80.6M+12.5%	$71.7M+10.3%	$65.0M

Metric	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21
Total Assets	$1.1B+2.6%	$1.1B-4.6%	$1.1B+3.9%	$1.1B-0.7%	$1.1B+0.6%	$1.1B+2.0%	$1.0B+2.2%	$1.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$30.7M	N/A	N/A	N/A	$75.2M-37.9%	$121.2M+1.4%	$119.6M+22.1%	$97.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M0.0%	$28.6M
Total Liabilities	$1.0B+1.9%	$985.5M-3.7%	$1.0B+5.5%	$970.0M+1.3%	$957.5M+0.4%	$954.1M+2.2%	$933.6M+2.0%	$914.9M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$82.7M+12.0%	$73.8M-15.3%	$87.1M-12.3%	$99.4M-16.6%	$119.1M+2.5%	$116.1M+0.4%	$115.7M+3.3%	$112.1M
Retained Earnings	$112.5M+2.6%	$109.6M+2.2%	$107.2M+1.4%	$105.7M+1.8%	$103.9M+2.0%	$101.8M+3.5%	$98.4M+2.2%	$96.3M

UBOH Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
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
Capital Expenditures	$3.6M-9.6%	$4.0M+150.5%	$1.6M+109.8%	$753K+43.4%	$525K-87.4%	$4.2M
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
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
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
Dividends Paid	$2.7M+14.7%	$2.4M+43.5%	$1.7M-2.0%	$1.7M+8.5%	$1.6M-0.1%	$1.6M
Share Buybacks	$2.9M+681.5%	$368K	$0-100.0%	$95K	N/A	N/A

Metric	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21
Operating Cash Flow	$7.6M+141.1%	$3.1M-59.6%	$7.8M+554.2%	-$1.7M-114.6%	$11.7M+63.8%	$7.2M+76.5%	$4.1M+14.9%	$3.5M
Capital Expenditures	$507K+82.4%	$278K-89.8%	$2.7M+4378.7%	$61K-98.3%	$3.7M+16509.1%	$22K-86.0%	$157K+25.6%	$125K
Free Cash Flow	$7.1M+146.8%	$2.9M-43.3%	$5.0M+384.6%	-$1.8M-122.0%	$8.1M+13.0%	$7.1M+83.1%	$3.9M+14.5%	$3.4M
Investing Cash Flow	-$40.9M-116.2%	-$18.9M+13.1%	-$21.8M-1.9%	-$21.4M+64.0%	-$59.5M-141.7%	-$24.6M-9255.1%	-$263K+97.8%	-$12.2M
Financing Cash Flow	$15.0M+138.4%	-$39.2M-174.7%	$52.4M+289.5%	$13.5M+657.0%	$1.8M-90.7%	$19.1M+6.7%	$17.9M-63.9%	$49.5M
Dividends Paid	$680K-1.4%	$690K+0.1%	$689K+0.1%	$688K+5.0%	$655K-0.3%	$657K+18.0%	$557K+6.1%	$525K
Share Buybacks	$1.8M+103.1%	$890K+2242.1%	$38K-72.9%	$140K+144.0%	-$318K	N/A	N/A	$0

UBOH Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	918.0%-327.9pp	1246.0%-2.2pp	1248.2%+530.8pp	717.4%+206.9pp	510.6%+275.5pp	235.1%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	12.15+4.1	8.04+0.3	7.77-0.5	8.28-1.0	9.26-0.1	9.31
FCF Margin	1071.4%-991.0pp	2062.4%+643.4pp	1419.0%+1225.8pp	193.1%-94.1pp	287.2%+184.6pp	102.6%

Metric	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	30.5%+7.0pp	23.4%-5.3pp	28.7%	N/A	38.4%+9.7pp	28.7%-14.7pp	43.4%
Return on Equity	4.3%+0.1pp	4.2%+1.7pp	2.5%-0.1pp	2.5%+0.3pp	2.3%-1.2pp	3.5%+1.2pp	2.3%-1.4pp	3.7%
Return on Assets	0.3%+0.0pp	0.3%+0.1pp	0.2%-0.0pp	0.2%-0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.3%-0.1pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	12.15-1.2	13.35+1.6	11.75+2.0	9.76+1.7	8.04-0.2	8.21+0.1	8.07-0.1	8.16
FCF Margin	N/A	28.3%-26.3pp	54.6%+74.8pp	-20.2%	N/A	66.9%+24.8pp	42.1%+6.3pp	35.9%

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Frequently Asked Questions

What is United Bancshares's annual revenue?

United Bancshares (UBOH) reported $1.2M in total revenue for fiscal year 2022. This represents a 13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is United Bancshares's revenue growing?

United Bancshares (UBOH) revenue grew by 13% year-over-year, from $1.1M to $1.2M in fiscal year 2022.

Is United Bancshares profitable?

Yes, United Bancshares (UBOH) reported a net income of $11.3M in fiscal year 2022, with a net profit margin of 918.0%.

What is United Bancshares's net profit margin?

United Bancshares (UBOH) had a net profit margin of 918.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

Does United Bancshares pay dividends?

Yes, United Bancshares (UBOH) paid $0.84 per share in dividends during fiscal year 2022.

What is United Bancshares's return on equity (ROE)?

United Bancshares (UBOH) has a return on equity of 13.7% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is United Bancshares's free cash flow?

United Bancshares (UBOH) generated $13.2M in free cash flow during fiscal year 2022. This represents a -41.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is United Bancshares's operating cash flow?

United Bancshares (UBOH) generated $16.8M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are United Bancshares's total assets?

United Bancshares (UBOH) had $1.1B in total assets as of fiscal year 2022, including both current and long-term assets.

What are United Bancshares's capital expenditures?

United Bancshares (UBOH) invested $3.6M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

Does United Bancshares buy back shares?

Yes, United Bancshares (UBOH) spent $2.9M on share buybacks during fiscal year 2022, returning capital to shareholders by reducing shares outstanding.

How many shares does United Bancshares have outstanding?

United Bancshares (UBOH) had 3M shares outstanding as of fiscal year 2022.

What is United Bancshares's debt-to-equity ratio?

United Bancshares (UBOH) had a debt-to-equity ratio of 12.15 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is United Bancshares's return on assets (ROA)?

United Bancshares (UBOH) had a return on assets of 1.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is United Bancshares's Piotroski F-Score?

United Bancshares (UBOH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are United Bancshares's earnings high quality?

United Bancshares (UBOH) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is United Bancshares?

United Bancshares (UBOH) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.