CORRECTED-United Bancshares Q2 net income drops on one-time securities loss

Corrects metric label to Pretax Income from Pretax Loss in KD table

Overview

• US regional bank's Q2 net income fell sharply due to one-time securities loss

• Net interest margin rose to 4.00% from 3.71% in Q2 2025

• Quarterly dividend increased 13% from a year ago

Outlook

• Company did not provide specific guidance for future quarters or full-year results

Result Drivers

• SECURITIES LOSS - Sale of investment securities for a one-time pre-tax loss of $3.8 mln negatively affected Q2 results, per management

• BALANCE SHEET LEVERAGE - $30 mln subordinated debt issuance used to increase investment securities by $250 mln, generating additional net interest income

• LOAN AND DEPOSIT GROWTH - During H1, loan growth of $38.4 mln (9.3% annualized) and core deposit growth of $28.7 mln (5.85% annualized) supported improved net interest margin

Company press release: ID:nPn9dptgza

Key Details

Reuters Recommended Reads

• July 21 - Bar Harbor Q2 profit rises as securities losses ease

• July 21 - Orrstown Q2 net interest margin declines on subordinated debt amortization

• July 21 - KeyCorp quarterly profit rises on interest income strength

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.)