United Bancorp, Inc. (Martins Ferry, OH) - UBCP STOCK NEWS

United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1725, a 6.2% increase over the previous year. They also approved a special dividend of $0.15 per share. The company is projected to pay cash dividends of $0.84 in the current year, with a forward yield of 5.4%.

United Bancorp, Inc. (UBCP) reported diluted earnings per share of $0.42 for Q4 2023, a 5% increase from the same period in 2022. For the year ending December 31, 2023, UBCP reported diluted earnings per share of $1.57, a 4.7% increase over the previous year. The company capitalized on the tightening of monetary policy by the FOMC, resulting in an increase in net interest income and net interest margin. Despite a marginal decline in net interest income during the fourth quarter, the company's net interest margin slightly declined by 2 basis points over the previous year to a level of 3.65%. The company's investment in securities increased by $56.6 million, leading to an overall decline in accumulated other comprehensive loss by $1.9 million. The company's total allowance for credit losses to total loans is 0.81%, with a total allowance for credit losses to nonperforming loans of 804%. UBCP paid a regular cash dividend of $0.17 in Q4, a 6.3% increase from the previous year. The total cash dividend payout for the year was $0.8150, including a special cash dividend of $0.15 paid in the first quarter, representing a 5.2% increase over the previous year.

United Bancorp, Inc. (UBCP) declared a fourth quarter dividend payment of $0.17 per share, an increase of 5.2% over the previous year. The forward yield is 5.9% based on UBCP's market value of $11.55. The company has total assets of $814.3 million and total shareholder's equity of $52.6 million. United Bancorp, Inc. trades on the NASDAQ Capital Market tier under the symbol UBCP.

United Bancorp, Inc. (UBCP) reported diluted earnings per share of $0.42 and net income of $2,392,000 for Q3 2023, representing increases of 3.9% and 5.0% respectively compared to the same period last year. For the first nine months of the year, UBCP reported diluted earnings per share of $1.15 and net income of $6,560,000, also showing increases over the previous year. The company attributes its improved performance to the tightening of monetary policy, which led to a rise in interest rates and an increase in net interest income. Additionally, UBCP maintained credit-related strength and stability within its loan portfolio and saw a decrease in nonaccrual loans and loans past due 30 plus days.

United Bancorp, Inc. increases its third quarter cash dividend payment to $0.1675 per share, a 6.3% increase over the previous year. Total cash dividends paid year-to-date is $0.6450, a 5.0% increase over the same period last year. Forward yield is 5.6% based on market value of $11.97.

United Bancorp, Inc. (UBCP) reported diluted earnings per share of $0.40 and net income of $2,280,000 for the three months ended June 30, 2023. For the first six months of the current year, UBCP reported diluted earnings per share of $0.73, an increase of 4.3%, and net income of $4,168,000, an increase of 3.0%, over the previous year.