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.
United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.40 for Q2 2022, up 5.3% year-over-year, with net income of $2.30 million, a 5.2% increase. For H1 2022, earnings per share were $0.70, down $0.01 from the previous year. Gross loans rose 1.9% to $467.4 million, while securities jumped 30.7% to $193.9 million. Interest income increased 3.4%, and net interest income grew 7.4% despite a 29.3% decline in interest expense. Total assets decreased to $719.1 million, and book value fell 19.3% to $9.65.
United Bancorp reports a diluted EPS of $0.31 and net income of $1,751,000 for Q1 2022, compared to $0.33 and $1,908,000 a year earlier. Total assets remained stable at $733.4 million. Gross loans rose by 2.7% to $462.3 million while securities grew 8.5% to $163.2 million. Despite a decline in interest income, net interest income increased 3.7% due to reduced interest expenses. Noninterest income rose 6.5%, but noninterest expenses jumped 14.9%. The company maintains a strong loan portfolio with low delinquency rates.
United Bancorp, Inc. (NASDAQ:UBCP) announced a second quarter dividend payment of $0.1550 per share for shareholders of record as of June 10, 2022, to be paid on June 17, 2022. This represents an increase from the first quarter's dividend of $0.1525. Total cash dividends for the first half of 2022 have reached $0.4575, marking an 18.1% increase compared to the previous year. At this rate, the annual yield stands at 3.47% based on a market value of $17.89. The announcement was made during the annual meeting where Directors for the upcoming year were also elected.
United Bancorp, Inc. (NASDAQ: UBCP) announced a first quarter cash dividend of $0.1525, payable on March 18, 2022, to shareholders of record on March 10, 2022. This reflects a 7.0% increase from last year. The regular cash dividend yields 3.66%. Additionally, a one-time special dividend of $0.15 per share was declared, also payable on March 18. This is attributed to the company's solid earnings and strong capital position. Projected dividends for the year are $0.76, an 11.0% increase from $0.685 in 2021.
United Bancorp, Inc. (NASDAQ: UBCP) reported a record net income of $9,451,000 and diluted earnings per share of $1.62 for 2021, reflecting increases of 19% and 17%, respectively. Despite challenges from the pandemic, net income for Q4 2021 was $2,456,000 with EPS of $0.41. The company experienced marginal loan growth of 2.5% but a decline in interest income of 10.6%. Total deposits rose by 4.4%, while interest expense was reduced by 45.2%. UBCP maintained a strong equity position with 9.90% equity to assets and successful credit management throughout 2021.
United Bancorp, Inc. (NASDAQ: UBCP) announced a fourth quarter dividend of $0.15 per share, payable on December 20, 2021 to shareholders of record by December 10, 2021. This marks the third increase in dividends for 2021, totaling $0.6850 for the year, a 20.2% increase from 2020. The fourth quarter yield is 4.20% based on recent market values. As of September 30, 2021, United Bancorp has total assets of $730.4 million and total equity of $70.1 million.
United Bancorp (NASDAQ:UBCP) reported record earnings for Q3 2021, achieving diluted EPS of $0.50, up 39% YOY, and net income of $2.9 million, a 41% increase. For the first nine months, diluted EPS reached $1.21, a 30% rise, with net income totaling $6.995 million. Despite marginal loan growth of 4.3% to $462.1 million, interest income fell by 11.5% due to a decline in securities. Total deposits increased by 5.5%, though net interest income dropped by 2.5%. The company remains optimistic about future growth driven by economic recovery.
United Bancorp, Inc. (NASDAQ: UBCP) announced a third-quarter dividend of $0.1475 per share, payable on September 20, 2021, to shareholders recorded by September 10, 2021. This marks an increase from the previous two quarters ($0.1425 and $0.1450). Year-to-date, UBCP has distributed total cash dividends of $0.5350, reflecting a 25% increase compared to the same period last year. The current dividend yields 4.14% based on the latest market value. As of June 30, 2021, UBCP reported total assets of $730.3 million and total equity of $69.4 million.
United Bancorp, Inc. (NASDAQ: UBCP) reported strong earnings for Q2 2021, with diluted EPS of $0.38 and net income of $2,185,000, marking a 31% increase year-over-year. For the first half of 2021, diluted EPS reached $0.71, up 25%, and net income rose by 26% to $4,093,000. Despite marginal growth in loans and a decline in securities, the company reported an increase in cash dividends of 36%. As of June 30, total assets stood at $730.3 million, and total equity increased to $69.4 million. The company aims for $1 billion in assets through organic growth and potential acquisitions.
United Bancorp reported record first-quarter earnings with diluted EPS of $0.33 and net income of $1,908,000 for the period ending March 31, 2021, a 21% increase year-over-year. The bank's gross loans reached $450.0 million, up just 0.38%, while securities dropped 25.5% to $150.4 million. Despite these challenges, total deposits rose 9.5% to $605.4 million, with a significant 54% reduction in interest expenses. The bank maintains solid credit quality metrics with nonaccrual loans at 0.71% of total loans. Management expresses optimism for economic recovery, anticipating improved loan production and interest income.