United-Guardian Reports Strong Financial Performance in 2024

United-Guardian, Inc. has recently disclosed its financial results for the fiscal year 2024, showcasing robust growth and performance. The company, celebrating its 40th year of operation, highlighted its organizational maturity through significant achievements. As of September 30, 2024, the company’s assets grew to $1.2 billion, marking a notable 10% increase compared to the corresponding period in 2023.

The loan portfolio of United-Guardian expanded by $68 million, supported by core deposit growth of $88 million in comparison to September 30, 2023. Furthermore, the company’s net income for the first nine months of 2024 surged to $7.6 million, up from $6.3 million for the same period in 2023. This performance yielded a striking return on equity (ROE) of 17%, underlining the stability and strength of the organization.

In addition to the impressive financial metrics, United-Guardian emphasized its commitment to fostering growth and prosperity for families and businesses. The company’s dedication to creating a positive impact in the communities it serves is evident through its initiatives that have contributed to the development of new homes and job opportunities.

Emphasizing its core values, United-Guardian prioritizes service to customers and communities over profit maximization, believing that success stems from upholding fundamental principles. This steadfast dedication to values has been instrumental in driving the company’s financial success.

In recognition of its performance, the Board of Directors of United-Guardian declared a 2% stock dividend. Shareholders as of record on October 28, 2024, will receive the dividend on November 18, 2024. The stock dividend, distributed electronically via book-entry, provides shareholders with the flexibility to either retain the shares for potential income deferral or sell them for current financial needs.

Looking ahead, United-Guardian remains optimistic, striving to maintain its growth momentum while ensuring stability and serving the best interests of its communities and stakeholders. The company expressed gratitude to its shareholders for their trust and partnership and extended warm wishes for the holiday season.

The financial report reflects United-Guardian’s commitment to excellence and its ability to deliver consistent value to its stakeholders, underlining a positive outlook for the future.

Please note that this news article is based on the recently filed 8-K report by United-Guardian, Inc. dated November 8, 2024.

This report may contain forward-looking statements subject to various risks and uncertainties.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read United-Guardian’s 8K filing here.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.