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 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.
United Bancorp, Inc. (UBCP) has declared a second quarter dividend of $0.1450 per share for shareholders of record on June 10, 2021, with a payment date set for June 18, 2021. This payout represents an increase from the first quarter's regular dividend of $0.1425. With total cash dividends of $0.3875 for the first half of 2021, including a special dividend of $0.10, this marks a 36% increase compared to the same period last year. The current dividend yield stands at 4.05%.
United Bancorp, Inc. (UBCP) announced on February 17, 2021, a quarterly cash dividend of $0.1425, payable on March 19, 2021, to shareholders on record as of March 10, 2021. This dividend offers a forward yield of 4.32%. Additionally, a special one-time dividend of $0.10 per share was also declared, reflecting the company's strong earnings and capital position. Over the past twelve months, total cash dividends increased by 20.7% to $0.67 compared to the previous year. As of December 31, 2020, UBCP reported total assets of $693.4 million and total equity of $68.3 million.
United Bancorp, Inc. (NASDAQ: UBCP) reported strong financial results for 2020, achieving record net income of $7,953,000 and diluted earnings per share of $1.39, representing a 16.8% increase year-over-year. The fourth quarter saw a 48.4% rise in earnings per share, totaling $0.46. Despite challenges from the COVID-19 pandemic, the company increased its provision for loan losses to 1.15% of total loans and saw solid growth in earning assets, with average loans rising by 6.1%. However, overall expenses increased due to pandemic-related impacts, highlighting ongoing economic uncertainties.
United Bancorp (NASDAQ: UBCP) declared a fourth quarter dividend of $0.1425 per share, payable on December 18, 2020, to shareholders of record as of December 10, 2020. This dividend results in a 4.54% forward yield based on the latest market price. The company's total assets stand at $692.5 million with total shareholders' equity of $66.7 million as of September 30, 2020. United Bancorp operates twenty banking centers across Ohio and West Virginia.
United Bancorp, Inc. (NASDAQ: UBCP) reported a net income of $5.31 million and diluted earnings per share (EPS) of $0.93 for the nine months ending September 30, 2020, reflecting a 5.7% year-over-year increase. For Q3 2020, EPS rose 16.1% to $0.36. Despite higher earnings, the company increased its loan loss provision by $1.21 million in Q3 due to COVID-19 impacts. Total loans grew by $27.8 million, with total interest income increasing by 5.4%. Shareholders' equity grew by 11.1% year-over-year to $66.7 million, with total assets at $692.5 million.
On August 19, 2020, United Bancorp, Inc. (NASDAQ: UBCP) announced a third quarter dividend of $0.1425 per share, payable on September 18, 2020 to shareholders of record by September 10, 2020. The dividend reflects a forward yield of 4.95% based on the recent market price. As of June 30, 2020, United Bancorp reported total assets of $701.3 million and total shareholder's equity of $66.0 million.
United Bancorp (NASDAQ: UBCP) reported diluted earnings per share of $0.57 for the first six months of 2020, consistent with the previous year, while net income slightly decreased to $3,254,000 from $3,260,000. For Q2 2020, earnings also held steady at $0.29. The company increased loan loss provisions by $1,761,000 due to COVID-19 impacts, affecting earnings outlook. Year-over-year, gross loans grew by 4.8% and total interest income rose by 10.1%. Shareholder equity increased by 15.8%, showcasing resilience despite economic challenges.