Welcome to our dedicated page for United Bancorp Ohio news (Ticker: UBCP), a resource for investors and traders seeking the latest updates and insights on United Bancorp Ohio stock.
United Bancorp, Inc. reports recurring developments for a regional bank holding company whose subsidiary, Unified Bank, provides commercial and retail banking services. The company’s banking activities include demand, savings and time deposits, residential mortgage lending, commercial lending, real estate lending and consumer installment loans.
News about UBCP commonly covers quarterly and annual earnings, net income and diluted earnings per share, cash dividend declarations, special dividends, shareholder meeting results and board elections. Company updates also describe its branch-based banking footprint in Ohio and West Virginia, credit quality in the loan portfolio, liquidity and capital position, and investments in infrastructure and growth.
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United Bancorp, Inc. (UBCP) announced a second quarter dividend of $0.1650 per share, reflecting a 6.5% increase from the previous year's dividend. This payment is for shareholders of record on June 9, 2023, with a payment date set for June 20, 2023. In total, UBCP has distributed $0.4775 in cash dividends in the first half of 2023, including a special cash dividend of $0.15 in Q1. The latest dividend yields 4.6% based on the company’s recent market value of $14.50. Additionally, the Company reported total assets of $757.4 million and total shareholders’ equity of $57.6 million as of December 31, 2022.
United Bancorp, Inc. (UBCP) has declared a first-quarter cash dividend of $0.1625, payable on March 20, 2023, to shareholders of record on March 10, 2023. This reflects a 6.6% increase over last year’s first-quarter dividend. The forward cash dividend based on this announcement stands at $0.65, yielding 4.42%. Additionally, the Board approved a one-time special dividend of $0.15 per common share, also payable on March 20, 2023. The special dividend underscores the company's strong financial standing, with total assets of $757.4 million.
United Bancorp, Inc. (NASDAQ: UBCP) reported diluted earnings per share of $0.40 for Q4 2022, down from the previous year, resulting in a net income of $2.3 million. For the entire year, EPS was $1.50, with net income of $8.66 million, both lower than 2021. Contributing factors include a lack of significant nonrecurring income and higher loan loss provisions. Total assets grew 4.6% to $757.4 million, driven by a 48.7% increase in securities. Interest income increased by 28.8% in Q4 2022, while net interest income rose 16.2%. Shareholder equity was impacted by accumulated losses in the securities portfolio.
United Bancorp (NASDAQ: UBCP) reported diluted earnings per share of $0.40 for Q3 2022, with net income of $2.3 million, reflecting a $600,000 decline from the previous year. For the first nine months, EPS stands at $1.11 with net income of $6.35 million, down by $644,000. Total assets grew by 4.2% to $760.9 million, mainly due to a 1.4% increase in gross loans and a significant 53.9% rise in securities. The net interest margin improved to 3.60%. However, non-interest income suffered a decline, impacting overall profitability.
United Bancorp, Inc. (NASDAQ:UBCP) announced a third-quarter dividend of $0.1575 per share, payable on September 20, 2022, to shareholders of record as of September 9, 2022. This marks an increase from the dividends of $0.1525 and $0.1550 in the first two quarters. The year-to-date total cash dividends reached $0.6150, a 15% increase compared to the same period last year. The latest dividend offers a forward yield of 3.84% based on the market value of $16.39.