United Bancshares Q3 profit jumps on higher net interest income
Overview
U.S. regional bank's Q3 net income and EPS rose sharply yr/yr
Company raised quarterly dividend by 13% to $0.26 per share
Net interest margin improved to 3.87% from 3.76% a year earlier
Outlook
Company did not provide specific financial guidance for future quarters or full year in its press release
Result Drivers
NET INTEREST INCOME – Higher interest income and a wider net interest margin lifted quarterly net interest income
LOAN AND CORE DEPOSIT GROWTH – Loans and core deposits increased from year-end, supporting balance-sheet expansion
OPERATING COSTS – Lower non-interest expenses partly offset higher credit-loss provisions
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $5.20 mln | ||
Q3 Dividend | $0.26 | ||
Q3 Net Interest Margin | 3.87% |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)