United Bancshares, Inc. Announces Fourth Quarter 2022 Earnings Results and Declares Quarterly Dividend of $0.22 per Common Share
Net interest income for the fourth quarter of 2022 was $9,471,000, compared to $8,741,000 for the fourth quarter of 2021, an increase of $730,000.
- Net interest income for the fourth quarter of 2022 was $9,471,000, compared to $8,741,000 for the fourth quarter of 2021, an increase of $730,000.
- The negative provision for loan losses was $1,000,000 in the fourth quarter of 2022 compared to no provision in the fourth quarter of 2021.
- Non-interest income for the fourth quarter of 2022 was $1,825,000, compared to $3,117,000 for the fourth quarter of 2021, a decrease of $1,292,000.
- The net gain on sale was 1.24% for the fourth quarter of 2022 compared to 2.89% for the same period of 2021.