- Quarterly cash dividend of
$0.26 per share for shareholders of record onNovember 30, 2026 , payable onDecember 15, 2026 . This represents a 13% increase from the same quarter in 2025. - Company reported net income of
$5.2 million ($1.90 per share) for the third quarter of 2026 and$10.5 million ($3.83 per share) YTD 2026 compared to$3.0 million ($1.01 per share) for the third quarter of 2025 and$8.9 million ($3.00 per share) YTD 2025. - Company reported return on average tangible equity of 25.73% and 17.18% for the third quarter and first nine months of 2026 compared to 15.89% and 16.29% for the third quarter and first nine months of 2025.
- Net interest margin of 3.87% for the third quarter of 2026, an increase from 3.76% in the comparable period in 2025. YTD 2026 net interest margin of 3.95%, is up from 3.69% YTD 2025.
- Loan growth of
$43.4 million , an annualized growth rate of 7.01% fromDecember 31, 2025 . - Deposits increased
$135.7 million , inclusive of$61.9 million of brokered deposits and fluctuations in state deposit programs totaling$19.4 million , resulting in core deposit growth of$54.4 million or 7.48% annualized growth fromDecember 31, 2025 . - Asset quality metrics remain strong with stable non-performing and classified loans supported by an allowance for credit losses to loans of 1.08% on
September 30, 2026 .
Non-GAAP Financial Measures
This release contains certain non-GAAP financial measures, including return on average tangible equity. Tangible equity is defined as total shareholders' equity, less goodwill and other intangible assets. Management believes these measures provide meaningful supplemental information to assess performance and capital adequacy and are useful to investors; however, they should not be viewed as a substitute for GAAP measures.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding future financial and operating results, loan and deposit growth, net interest margin, asset quality, capital, dividends, and strategy. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially include, among others, changes in interest rates, inflation, competitive pressures, credit quality and economic conditions in our markets, liquidity and funding conditions, regulatory and accounting developments, and other risks described from time to time in public materials made available by the Company. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
About
About
Since 1904,
Contact:
419.659.2141
Quarterly Report
Shareholders, Clients, and Team Members:
I am pleased to report that your Company continued to see strong results for 2026, reporting
As a result of these successes, the Board of Directors declared a
As the Company continues to report positive movement in many of our financial metrics, we continue to believe that repurchasing our shares at appropriate levels brings long-term value to our shareholders. Throughout 2026, UBOH shares closed on the OTCQX market at an average price of
The continued accomplishments of your Company are the result of the ongoing efforts of the Company's unyielding team members and Board of Directors in applying our strong corporate values of respect for and accountability to our shareholders, clients, colleagues, and communities. As always, your ongoing support and the trust you have placed in us is appreciated.
Respectfully,
Chairman, President & CEO
| Financial Reports | |||
| (unaudited) | |||
| | |||
| | | | |
| Cash and cash equivalents | $ 57,121,000 | | $ 51,833,000 |
| Securities | 428,469,000 | | 227,895,000 |
| Loans | 868,505,000 | | 825,129,000 |
| Less allowance for credit losses | (9,328,000) | | (8,630,000) |
| Other assets | 113,523,000 | | 97,170,000 |
| Total Assets | | | |
| | | | |
| Deposits | | | |
| Borrowings | 163,628,000 | | 16,568,000 |
| Other liabilities | 8,148,000 | | 7,431,000 |
| Total Liabilities | 1,363,248,000 | | 1,079,735,000 |
| | | | |
| Common stock and surplus | 22,582,000 | | 22,326,000 |
| Retained earnings | 142,573,000 | | 134,117,000 |
| Accumulated other comprehensive (loss) income | (40,907,000) | | (24,776,000) |
| | (29,206,000) | | (18,005,000) |
| Total shareholders' equity | 95,042,000 | | 113,662,000 |
| | | | |
| Total Liabilities and Shareholders' Equity | | | |
| | | | |
| Common shares outstanding | 2,691,611 | | 2,954,518 |
| Book value | | | |
| Tangible book value (non-GAAP) | | | |
| Closing price | | | |
| Allowance for credit losses to loans (end of period, excluding LHFS) | 1.08 % | | 1.05 % |
| Loans to deposits | 72.89 % | | 78.16 % |
| | 3 months | | 3 months | | 9 months | | 9 months |
| |
| | 2025 | |
| |
|
| Interest income | | | | | | | |
| Interest expense | 6,278,000 | | 4,806,000 | | 15,572,000 | | 14,090,000 |
| Net interest income | 12,391,000 | | 9,965,000 | | 35,183,000 | | 29,411,000 |
| | | | | | | | |
| Provision for credit losses | 253,000 | | 64,000 | | 642,000 | | 392,000 |
| Net interest income after provision | 12,138,000 | | 9,901,000 | | 34,541,000 | | 29,019,000 |
| | | | | | | | |
| Non-interest income | 1,777,000 | | 1,826,000 | | 1,824,000 | | 5,430,000 |
| Non-interest expense | 8,254,000 | | 8,366,000 | | 24,893,000 | | 24,449,000 |
| Income before federal income taxes | 5,661,000 | | 3,361,000 | | 11,472,000 | | 10,000,000 |
| | | | | | | | |
| Federal income taxes | 510,000 | | 370,000 | | 972,000 | | 1,091,000 |
| Net Income | | | | | | | |
| | | | | | | | |
| Average common shares outstanding | 2,705,764 | | 2,962,803 | | 2,742,528 | | 2,968,674 |
| | | | | | | | |
| Per Share Data: | | | | | | | |
| Net income (basic) | | | | | | | |
| Cash dividends declared | | | | | | | |
| | | | | | | | |
| Performance Ratios: | | | | | | | |
| Return on average assets | 1.42 % | | 1.01 % | | 1.05 % | | 0.99 % |
| Return on average tangible shareholders' equity | 25.73 % | | 15.89 % | | 17.18 % | | 16.29 % |
| Net interest margin | 3.87 % | | 3.76 % | | 3.95 % | | 3.69 % |
| | | | | | | | |
| Credit Quality and Other Ratios: | | | | | | | |
| Net loan charge-offs (recoveries) as a percentage of average outstanding net loans | 0.00 % | | 0.00 % | | 0.01 % | | (0.04 %) |
| Directors Herbert H. Huffman III
| | Directors Herbert H. Huffman III |
| Officers | |
Investor Materials
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