United Bancshares Q3 profit jumps on higher net interest income

By Reuters News


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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  • Oct 21 - Union Bankshares Q3 profit rises on higher net interest income


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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