United Bancorp (NASDAQ:UBCP) reported diluted EPS of $0.35 and net income of $2,035,000 for Q4 2025, and diluted EPS of $1.34 and net income of $7,753,000 for FY2025. Key drivers included a 3.70% net interest margin, total assets of $857.4M (+5.0% YoY), and average loans of $497.9M (+3.5% YoY).
The company cited higher net interest income (+6.7% year-over-year for 2025) from asset growth and municipal security swaps, offset by elevated noninterest expense from strategic investments and a $674,000 provision for credit losses.
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Positive
Q4 diluted EPS of $0.35, up 12.9% year-over-year
FY2025 net income $7.753 million, up 4.7% year-over-year
Total assets $857.4M, a 5.0% increase versus prior year
Net interest margin expanded 19 bps to 3.70%
Municipal securities swap produced $419,000 annualized interest income
Negative
Provision for credit losses rose $375,000 to $674,000
Strategic investments increased noninterest expense and diluted near-term earnings
Total deposits increased $27.9M, contributing to modestly higher interest expense
News Market Reaction – UBCP
+1.36%
1 alert
+1.36%News Effect
On the day this news was published, UBCP gained 1.36%, reflecting a mild positive market reaction.
Q4 2025 diluted EPS:$0.35Q4 2025 net income:$2,035,0002025 diluted EPS:$1.34+5 more
8 metrics
Q4 2025 diluted EPS$0.35Three months ended December 31, 2025
Q4 2025 net income$2,035,000Three months ended December 31, 2025
2025 diluted EPS$1.34Twelve months ended December 31, 2025
2025 net income$7,753,000Twelve months ended December 31, 2025
Net interest income increase$1,659,000 (6.7%)Increase in 2025 vs prior year
Net interest margin3.70% (from 3.51%)Full year 2025 vs prior year, +19 bps
Total assets$857.4 millionAs of December 31, 2025
Total 2025 cash dividends$0.92 per shareRegular plus special dividends for 2025
Market Reality Check
Price:$17.01Vol:Volume 3,902 vs 20-day av...
normal vol
$17.01Last Close
VolumeVolume 3,902 vs 20-day average 3,496 (volume_relative 1.12), showing slightly elevated trading ahead of this earnings release.normal
TechnicalPrice $14.00 is trading above the 200-day MA $13.66 and sits between the 52-week low $12.25 and high $15.64.
Peers on Argus
UBCP is up 0.72% while close peers show mixed moves: PBHC -1.03%, AUBN -2.04%, I...
UBCP is up 0.72% while close peers show mixed moves: PBHC -1.03%, AUBN -2.04%, IROQ -0.22%, SSBI +0.29%, CFSB 0.00%. This points to stock-specific reaction rather than a sector-wide move.
Higher Q3 dividend and increased year-to-date cash dividends.
Pattern Detected
Recent dividend and earnings announcements generally saw positive or modest price gains, with one notable dividend-related divergence where shares slipped after a higher payout.
Recent Company History
Over the past months, United Bancorp has focused on steady earnings growth and rising shareholder distributions. In Q3 2025, EPS rose to $0.34 with higher net interest margin and solid credit metrics. Dividend actions in August and November 2025 lifted regular and special payouts, taking year-to-date cash dividends to $0.92 per share. Price reactions were mostly aligned with this positive fundamental trajectory, aside from a brief pullback on the November dividend news. Today’s full-year 2025 results extend that same profitability and balance sheet growth narrative.
Market Pulse Summary
This announcement details higher 2025 profitability, with diluted EPS of $1.34, net income of $7.753...
Analysis
This announcement details higher 2025 profitability, with diluted EPS of $1.34, net income of $7.753M, and net interest margin improving to 3.70%. Management also reports loan and asset growth, stable credit quality, and total 2025 cash dividends of $0.92 per share. Historically, similar earnings and dividend updates have produced mostly aligned price reactions, with one notable divergence. Investors may watch future margin trends, credit metrics, and expense levels tied to growth initiatives and technology investments.
Key Terms
net interest margin, basis points, bank owned life insurance, taxable equivalent-yield, +4 more
8 terms
net interest marginfinancial
"increase in its net interest income of $1,659,000, or 6.7%, and seeing its net interest margin increase"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
basis pointsfinancial
"net interest margin increase by nineteen (19) basis points to 3.70% from 3.51%"
Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.
bank owned life insurancefinancial
"an increased investment in bank owned life insurance during the fourth quarter of $17.5 million"
Bank owned life insurance is a type of life insurance a bank buys on the lives of its employees so the bank, rather than the employee’s family, receives the payout when a covered person dies. It acts like a long-term asset that pays income and can help cover costs such as employee benefits or unexpected losses; investors watch it because the holding affects a bank’s reported earnings, cash flow stability, and capital position much like a conservative investment portfolio would.
taxable equivalent-yieldfinancial
"municipal securities with an average taxable equivalent-yield (TEY) of approximately 4.54%"
The taxable equivalent yield is the pre-tax interest rate a taxable investment must offer to match the after-tax return of a tax-exempt investment. Investors use it to make fair comparisons—like converting two prices into the same currency—by ‘grossing up’ a tax-free yield based on an assumed tax rate, so they can decide which holding actually pays more once taxes are taken into account.
nonaccrual loansfinancial
"our Company's total nonaccrual loans were $2.3 million, which is 0.46% of gross loans"
Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.
nonperforming assetsfinancial
"our Company's nonperforming assets (consisting of nonaccrual loans and OREO) to total assets was 0.56%"
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
allowance for credit lossesfinancial
"total allowance for credit losses to total loans of 0.87%, which is a five (5) basis point increase"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Federal Open Market Committee (FOMC)regulatory
"as the Federal Open Market Committee (FOMC) loosened its monetary policy with three rate cuts"
The Federal Open Market Committee (FOMC) is the committee within the U.S. central bank that decides on interest rate targets and other actions to steer the economy, such as adjusting how much money is available. Its decisions change borrowing costs, inflation expectations and investor returns, so markets react to FOMC moves much like people respond when a thermostat is turned up or down — it alters the economic temperature investors plan around.
AI-generated analysis. Not financial advice.
MARTINS FERRY, OH / ACCESS Newswire / February 3, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.35 and net income of $2,035,000 for the three months ended December 31, 2025. For the year ended December 31, 2025, UBCP reported diluted earnings per share of $1.34 and net income of $7,753,000.
Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are very pleased to report on the increased earnings for the fourth quarter ended December 31, 2025 and, also, the increased earnings and, overall, solid performance achieved by United Bancorp, Inc. (UBCP) for the year 2025. For the quarter, our Company produced net income and diluted earnings per share of $2,035,000 and $0.35, which are respective increases of $185,000, or 10.0%, and $0.04, or 12.9%, over the results achieved for each metric in the fourth quarter of the previous year. In addition, and on a linked-quarter basis, our Company's net income and diluted earnings per share results also respectively increased by $104,000, or 5.4%, and $0.01 or 2.9%. For the twelve months ended December 31, 2025, UBCP produced net income of $7,753,000, an increase of $350,000, or 4.7%, and diluted earnings per share of $1.34, which is an increase of $0.07, or 5.5%, over the levels achieved the previous year. Considering, over the course of the past year, we have undertaken several transformative projects that have added to our noninterest expense levels, such as: the constructing and staffing of our new Wheeling Banking Center, further developing and scaling out of both our Unified Mortgage and our Treasury Management Programs, investing in new technology and digital transformation platforms and acquiring and developing a property in St. Clairsville, Ohio that will become our Unified Center--- which will house our Accounting, Information Technology and Customer Sales and Service Functions--- we are very happy with the present performance of our Company. With our unwavering focus on growing our Company through investing in its infrastructure, product development and delivery, we strongly believe that these current undertakings... which are dilutive to current financial performance... will provide a pathway to future growth and lead to increasingly higher performance for our Company over the course of the next twelve to twenty-four months, and help us to maintain our overall relevance for many years to come."
Greenwood further remarked, "As we all know, the economic environment in which we are operating is posing challenges for all businesses with the present high degree of uncertainty that permeates our national and world economies as a result of the tariffs that were announced earlier this year under the guidance of the new administration. This new trade policy--- coupled with a perceived slowing of employment and lingering inflation--- has led many of us to question the future direction of our economy and what impact it will have on the businesses that operate therein, including our Company. Even though we have dealt with changing and somewhat volatile fiscal and monetary policy over the course of the past couple of years, this new economic reality relating to trade policy has only been cast upon us over the course of this past year and the uncertainty relating thereto is still high. In addition--- and, to further add to the uncertainty that permeates our present economy--- our federal government had its longest shutdown in our country's history during the fourth quarter of this year after Congress failed to pass funding legislation to support its ongoing operation. Regardless of these challenges in 2025, our Company responded in a positive fashion to this continuing economic uncertainty by realizing an increase in its net interest income of $1,659,000, or 6.7%, and seeing its net interest margin increase by nineteen (19) basis points to 3.70% from 3.51%. Of note and evidencing an expansionary trend, on a year-over-year basis for the most recently ended quarter--- the increase in our Company's net interest income accelerated above the year-to-date level by increasing by $544,000, or 8.6%. We are optimistic that we can continue this current increasing and expansionary trend for both our total interest income and net interest margin as we enter 2026; especially, as the Federal Open Market Committee (FOMC) loosened its monetary policy with three rate cuts over the course of the final four months of the most recently ended year."
Greenwood continued, "The primary driver of our Company's growing level of net interest income and expanding net interest margin is the growth trend we have experienced this year in our total assets, which increased on a year-over-year basis by $40.8 million, or 5.0%, to a level of $857.4 million as of December 31, 2025. This growth in total assets is primarily attributed to average loans increasing by $17.0 million, or 3.5%, to a level of $497.9 million; an increased investment in bank owned life insurance during the fourth quarter of $17.5 million (which has an average yield of 6.03%); and, average cash and due from the Federal Reserve Bank increasing by $6.7 million, or 17.5%, to a level of $45.1 million as of the most recently ended year. In addition, throughout this past year we took advantage of heightened yield opportunities presented by the market by executing on a couple of swap-strategies in our municipal securities portfolio. These strategies involved selling $30.2 million in municipal securities with an average taxable equivalent-yield (TEY) of approximately 4.54% and reinvesting a like amount in new municipal securities with an average TEY of approximately 5.93%, an increase of 1.39%... which produces an additional $419,000 in additional interest income on an annualized basis. As an added bonus in executing these aforementioned swap-strategies, our Company was able to realize a gain on sale of these securities of $137,000. This higher level of assets added to our balance sheet over the course of 2025 should continue to help boost the level of interest income that we generate in future periods and further contribute to the corresponding expansion of both our net interest income and net interest margin... especially, if the Federal Open Market Committee (FOMC) continues to lower short term rates as they did over the final four months of 2025. Interestingly, a significant portion of the municipal securities that we hold in our investment portfolio have extended call protection, which should benefit our Company in a falling rate environment. Also, of interest, we continue to see the average yield of our overall loan portfolio increase as many of our loans originated in the zero interest rate-environment of 2020 and 2021 are now repricing in the current interest rate environment; wherein, current loan rates are considerably higher than the initial rates at which these loans were originated. With our present liquidity level at the Federal Reserve and the growth-trend in our core deposits, we will have a sharp focus on continuing to grow our loans outstanding as we enter the year 2026. This anticipated growth in our Company's gross loans, along with the continued repricing of our loan portfolio, should positively contribute to the aforementioned projection of higher levels of net interest income being realized as we enter the new year."
Greenwood further noted, "Looking at the interest expense side of the net interest margin, our Company's total interest expense did increase for the year ended December 31, 2025 by $308,000 or 2.1%. But, of note, comparing the fourth quarter of 2025 to the previous year, during the quarter our Company's total interest expense declined by $22,000 or 0.60%... the first decline that we have seen in our interest expense levels since the Federal Open Market Committee (FOMC) started tightening monetary policy in March of 2022. It is anticipated that this current trend will continue into the coming year. Overall, the modest increase in total interest expense for UBCP over the course of 2025 was primarily driven by an increase in our total deposits of $27.9 million, or 4.5%, to a level of $641.4 million. This growth in our Company's total deposits was evenly split between growth in our lower-cost demand and savings balances of $13.8 million, to a level of $459.6 million--- which is seventy-two (72) percent of total deposits--- and higher-cost time balances of $14.0 million, to a level of $181.7 million. Year-over-year as of December 31, 2025, our interest expense to average assets decreased by one (1) basis point to a level of 1.77%. In the present environment in which we operate and as we experienced in the most recently ended-quarter, we do anticipate that we will continue to see a decline in our total interest expense levels as we enter the year 2026, which should further contribute to net interest income expansion and margin accretion."
Lastly, Greenwood stated, "Even with many of our borrowers experiencing rate resets to levels that may be double their previous rates on their loans in this current higher-rate environment and with the economic uncertainty that continues, we have successfully maintained credit-related strength and stability within our loan portfolio. As of December 31, 2025, our Company's total nonaccrual loans were $2.3 million, which is 0.46% of gross loans. At year-end, our Company's nonperforming assets (consisting of nonaccrual loans and OREO) to total assets was 0.56%, which compares favorably to our industry and peer group of financial institutions. In addition, these reported levels continue to be well-below historic levels. Further highlighting the overall strength of our loan portfolio, our Company had net loans charged off (excluding overdrafts) of ($282,000) for 2025, which annualized is (0.06%) of average loans and is in-line with the previous year. Considering some of the economic uncertainty and macroeconomic trends in the current year--- along with the growth in our gross loans--- our Company had a provision for credit loss expense this past year of $674,000, which is an increase of $375,000 year-over-year. This increase in our provision for credit loss expense led to a decrease in our Company's diluted earnings per share of approximately ($0.054) in 2025." Greenwood concluded, "Even considering our growing gross loan totals... with the increased provision for credit losses this year and continued solid credit quality-related metrics as of the most recently ended quarter... our Company had a total allowance for credit losses to total loans of 0.87%, which is a five (5) basis point increase over the previous year, and our total allowance for credit losses to nonaccrual loans was 188% as of December 31, 2025. Overall, we firmly believe that we are presently well reserved with strong coverage. Also, our Company remains very well capitalized by regulatory standards with regulatory capital (stockholders' equity plus accumulated other comprehensive loss (AOCI)) of $75.9 million, or 8.9% of average assets, at the end of this past year."
Scott A. Everson, Chairman, President and CEO stated, "Considering that the uncertainty within our economy remains elevated due to the new trade policy implemented by our current administration this past year and concerns relating to both the inflation and employment picture at present --- our Company performed in an admirable fashion in 2025. We were happy to see the growth trends that we achieved over the course of the year in both our total deposits and earning assets and are pleased with the current quality of the credit related metrics of our loan portfolio that remain relatively stable and low by historic standards. With the stronger demand for our loan products that we are currently experiencing--- especially, in the relationship-driven, small-business oriented commercial portfolio, which accounts for approximately eighty percent (81%) of our total loans--- we can continue our focus of attracting more deposits to fund this increased loan demand, which will help our Company's positive pursuit of achieving its goal of growing total assets to a level of $1.0 billion or greater! As we invest in the infrastructure of our Company, we have a lot of positive operating leverage and scale is definitely our friend. We anticipate that this envisioned growth of our Company's balance sheet should lead to increasing revenue generation and profitability in 2026."
Everson continued, "Under our Company's guiding principles and vision, United Bancorp, Inc. (UBCP) has had a goal to grow its asset-base to a level of $1.0 billion (and, beyond) for the past several years. With all of the economic uncertainty and challenges within the past few years with which we have been confronted, our Company adopted a more defensive posture... which sacrificed growth for the sake of maintaining sound performance with a more conservative balance sheet management approach. Beginning in 2024, we began to adopt a more offensive-oriented posture with a focus, once again, on driving the growth of the balance sheet of our Company, which we believe will lead to higher levels of earnings and profitability and ensure our long-term relevance. Several new initiatives which we have previously announced--- and, which we have either already begun or are in the process of implementing--- are key to driving this envisioned growth. A major initiative that our Company undertook was the development and construction of a new regional banking center in the desirable market of Wheeling, West Virginia. We were excited to finally open this modern banking facility and hold our grand opening on December 9, 2025... introducing the Unified Way directly to the Wheeling-market. Even prior to the "official" opening of this new banking center, some of the recent growth within our loan and depository portfolios was directly attributed to this office through the efforts of the business development team that we already had in place for this location in anticipation of its opening. We firmly believe that within five years, this new banking center will be a top performer for UBCP!" Everson further stated, "Another exciting initiative that we established within the last two years--- and more fully developed over the course of the past year by hiring more production staff--- is our Unified Mortgage Division. Once again, last year, this newer division helped our Company produce higher levels of fee income and, as we continue to scale this function more fully, we believe it will only become more lucrative for us. We have also become more focused on developing our Treasury Management function, which focusses on helping our small business customers with cash management, merchant services and payments. Not only does this developing department within our Company help generate higher levels of fee income, it also is key to helping us grow our no or low-cost deposit base... both of which lead to increased profitability. Also, over the course of the past year, UBCP has made a tremendous investment in the area of technology as we focus on digital transformation and omni-channel delivery, which will ensure that we meet the changing needs of our customer base and attract new customers to our Company. We are also in the process of implementing an artificial intelligence (AI) solution, which will help us better serve our customers by more effectively and efficiently responding to and answering customer inquiries on their terms and guiding them to the best financial solutions that better meet their current and changing needs. Lastly, we acquired a property in St. Clairsville, Ohio, which will be known as the Unified Center, that will house the Accounting, Technology and Customer Support functions of our Company. As UBCP has grown and evolved over the course of the past several years (and, as we continue to do so), we have had a need for a facility such as this. I am most excited about the Customer Support function that we are developing at the Unified Center, which will centralize the service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to our valued customers. In addition, it will have a sales-oriented function, which is anticipated to lead to additional business for our Company (with the help of our AI-solution) by routing inbound inquiries from any banking channel to skilled sales professionals. This process will focus on the attraction and expansion of relationships through more effective on-boarding and cross-selling practices, which will lead to the sale of additional products and services to both our existing and newly prospected customers through this much more efficient and effective delivery channel. The renovation of the Unified Center should be completed by the end of the first quarter of 2026 and we will be ready to begin launching our new and exciting customer-centric solutions later on in this new year."
Everson continued, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing their value and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In 2025, we, once again, paid both our regular cash dividends and a special dividend to our valued shareholders. With these payouts, the regular cash dividends this past year increased by $0.04 from the previous year to a level of $0.7450, an increase of 5.7%. The special cash dividend paid out in the first quarter of 2025 was $0.175, which was an increase of $0.025, or 16.7%, over the payout the previous year. Overall, in the year-ended December 31, 2025, United Bancorp, Inc. (UBCP) paid total cash dividends to its shareholders in the amount of $0.92, a year-over-year increase of $0.065, or 7.6%, which produces a near-industry leading total dividend yield of 6.4%. This total dividend yield is based on our total cash dividends paid in 2025 divided by our year-end fair market value of $14.35. On a year-over-year basis, the fair market value of our Company's stock favorably increased by $1.35, or 10.4%, and our market price to tangible book value was 121%, which compares favorably to current industry standards."
Everson concluded, "Considering that we continue to operate in a challenging economic and a highly competitive industry-related environment, we are very pleased with the current performance of and future prospects for our Company. Even with these challenges, we are very optimistic about the future growth and earnings potential for United Bancorp, Inc. (UBCP). Over the course of the past few years, our Company has become a more fundamentally sound organization with a focus on evolving and growing in order to achieve greater efficiencies and scales and generate higher levels of revenue--- while prudently managing expenses and controlling overall costs. We have and continue to invest in areas that will lead to our continued and future relevancy within our industry. Although such initiatives can stress the short-term performance of our Company, we firmly believe that they will help us fulfill our intermediate and longer-term goals and produce above industry earnings and performance. As previously mentioned, we still have a vision of prudently and profitably growing UBCP to an asset threshold of $1.0 billion, or greater, in the near term. We are truly excited about our Company's direction and the potential that it brings. With an unwavering focus on continual process improvement, product development and enhanced delivery, we firmly believe the future for our Company is very bright."
As of December 31, 2025, United Bancorp, Inc. has total assets of $857.4 million and total shareholders' equity of $70.5 million. Through its single bank charter, Unified Bank, the Company currently has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Ohio and Marshall Counties in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.
Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.
United Bancorp, Inc, "UBCP"
For the Three Months Ended
December 31,
December 31,
%
$
2025
2024
Change
Change
Earnings
Interest income on loans
$
7,567,323
$
6,986,573
8.31
%
$
580,750
Loan fees
275,093
358,831
-23.34
%
$
(83,738
)
Interest income on securities
2,758,022
2,733,062
0.91
%
$
24,960
Total interest income
10,600,438
10,078,466
5.18
%
$
521,972
Total interest expense
3,711,895
3,733,489
-0.58
%
$
(21,594
)
Net interest income
6,888,543
6,344,977
8.57
%
$
543,566
Provision for credit losses - loans
136,000
124,499
9.24
%
$
11,501
Provision for credit losses - off balance sheet commitments
50,000
-
N/A
Provision for Credit Loss Expense
186,000
124,499
49.40
%
$
61,501
Net interest income after provision for credit losses
6,702,543
6,220,478
7.75
%
$
482,065
Service charges on deposit accounts
822,605
806,297
2.02
%
$
16,308
Net realized gains on sale of loans
157,815
118,974
32.65
%
$
38,841
Net realized gain on sale of available-for-sale securities
696,905
-
N/A
$
696,905
Other noninterest income
322,242
268,974
19.80
%
$
53,268
Total noninterest income
1,999,567
1,194,245
67.43
%
$
805,322
Total noninterest expense
6,729,167
5,631,264
19.50
%
$
1,097,903
Income before income taxes
1,972,943
1,783,459
10.62
%
$
189,484
Income tax benefit
(62,353
)
(66,353
)
-6.03
%
$
4,000
Net income
$
2,035,296
$
1,849,812
10.03
%
$
185,484
Per share
Earnings per common share - Basic
$
0.35
$
0.31
12.90
%
$
0.04
Earnings per common share - Diluted
0.35
0.31
12.90
%
$
0.04
Cash Dividends paid
0.1900
0.1800
5.56
%
$
0.01
Shares Outstanding
Average - Basic
5,485,917
5,628,948
--------
Average - Diluted
5,485,917
5,628,948
--------
For the Year Ended December 31,
%
$
2025
2024
Change
Change
Earnings
$
-
Interest income on loans
$
29,676,859
$
27,449,379
8.11
%
$
2,227,480
Loan fees
933,249
876,202
6.51
%
$
57,047
Interest income on securities
10,878,997
11,195,706
-2.83
%
$
(316,709
)
Total interest income
41,489,105
39,521,287
4.98
%
$
1,967,818
Total interest expense
15,029,038
14,720,907
2.09
%
$
308,131
Net interest income
26,460,067
24,800,380
6.69
%
$
1,659,687
Provision for credit losses - loans
624,000
428,664
45.57
%
$
195,336
Provision (Credit) for credit losses - off balance sheet commitments
50,000
(130,000
)
N/A
$
180,000
Provision for Credit Loss Expense
674,000
298,664
125.67
%
$
375,336
Net interest income after provision for credit losses
25,786,067
24,501,716
5.24
%
$
1,284,351
Service charges on deposit accounts
3,213,665
2,993,474
7.36
%
$
220,191
Net realized gains on sale of loans
500,709
482,339
3.81
%
$
18,370
Net realized gain (loss) on sale of available-for-sale securities
840,530
(115,685
)
-826.57
%
$
956,215
Other noninterest income
1,463,321
1,099,748
33.06
%
$
363,573
Total noninterest income
6,018,225
4,459,876
34.94
%
$
1,558,349
Total noninterest expense
24,138,015
21,666,441
11.41
%
$
2,471,574
Income before income taxes
7,666,277
7,295,151
5.09
%
$
371,126
Income tax benefit
(86,446
)
(107,198
)
-19.36
%
$
20,752
Net income
$
7,752,723
$
7,402,349
4.73
%
$
350,374
Per share
Earnings per common share - Basic
$
1.34
$
1.27
5.51
%
$
0.070
Earnings per common share - Diluted
1.34
1.27
5.51
%
$
0.070
Cash Dividends paid
0.9200
0.8550
7.60
%
$
0.065
Shares Outstanding
Average - Basic
5,492,092
5,539,653
--------
Average - Diluted
5,492,092
5,539,653
--------
Common stock, shares issued
6,213,141
6,203,141
--------
Shares used for Book Value Computation
5,951,822
5,966,278
Shares held as Treasury Stock
261,318
236,863
--------
At year end
Total assets
$
857,444,558
$
816,657,586
4.99
%
$
40,786,972
Total assets (average)
847,769,000
828,079,000
2.38
%
$
19,690,000
Cash and due from Federal Reserve Bank
46,527,916
19,607,748
137.29
%
$
26,920,168
Average cash and due from Federal Reserve Bank
45,079,000
38,378,000
17.46
%
$
6,701,000
Securities and other restricted stock
238,234,173
240,631,039
-1.00
%
$
(2,396,866
)
Average Securities and other restricted stock
238,256,000
249,948,000
-4.68
%
$
(11,692,000
)
Bank-owned life insurance
30,920,251
19,851,850
55.76
%
$
11,068,401
Other real estate and repossessions ("OREO")
2,540,000
3,362,610
-24.46
%
$
(822,610
)
Gross loans
491,628,775
490,971,361
0.13
%
$
657,414
Average loans
497,858,000
480,838,000
3.54
%
$
17,020,000
Allowance for credit losses
4,261,310
4,026,259
5.84
%
$
235,051
Net loans
487,367,465
486,945,102
0.09
%
$
422,363
Net loans charged off
281,648
204,183
37.94
%
$
77,465
Net overdrafts charged off
107,300
116,407
-7.82
%
$
(9,107
)
Total net charge offs
388,948
320,590
21.32
%
$
68,358
Non-accrual loans
2,266,367
736,127
207.88
%
$
1,530,240
Loans past due 30+ days (excludes non accrual loans)
4,973,084
288,902
1621.37
%
$
4,684,182
Average total deposits
635,278,000
619,584,000
2.53
%
$
15,694,000
Total Deposits
641,366,375
613,493,640
4.54
%
$
27,872,735
Non interest bearing deposits
149,869,503
138,808,227
7.97
%
$
11,061,276
Interest bearing demand
185,552,355
181,881,838
2.02
%
$
3,670,517
Savings
124,213,049
125,119,555
-0.72
%
$
(906,506
)
Time
181,731,468
167,684,020
8.38
%
$
14,047,448
Repurchase Agreements
29,403,253
30,494,260
-3.58
%
$
(1,091,007
)
Shareholders' equity
70,514,721
63,457,305
11.12
%
$
7,057,416
Common Stock, Additional Paid in Capital
33,285,617
32,576,349
2.18
%
$
709,268
Retained Earnings
48,576,225
46,306,659
4.90
%
$
2,269,566
Shares held by Deferred Plan and Treasury Stock
(5,996,621
)
(5,326,147
)
12.59
%
$
(670,474
)
Accumulated other comprehensive loss, net of taxes
(5,350,500
)
(10,099,556
)
-47.02
%
$
4,749,056
Goodwill and intangible assets (impact on Shareholders' equity)
682,493
804,793
-15.20
%
$
(122,300
)
Tangible shareholders' equity
69,832,228
62,652,512
11.46
%
$
7,179,716
Shareholders' equity (average)
66,344,000
67,733,000
-2.05
%
$
(1,389,000
)
Stock data
Market value - last close (end of period)
$
14.35
$
13.00
10.38
%
Dividend payout ratio (includes special dividend)
68.66
%
67.32
%
1.98
%
Price earnings ratio
10.71
x
10.24
x
4.62
%
Market Price to Book Value
121
%
115
%
5.54
%
Book value end of period
11.86
11.34
4.59
%
Tangible book value
$
11.73
$
11.21
4.64
%
Annualized yield based on year end close (excluding special Dividend)
5.19
%
5.42
%
-4.27
%
Key performance ratios
Return on average assets (ROA)
0.91
%
0.89
%
2.30
%
Return on average equity (ROE)
11.69
%
10.93
%
6.93
%
Net interest margin (Federal tax equivalent)
3.70
%
3.51
%
5.41
%
Interest expense to average assets
1.77
%
1.78
%
-0.28
%
Total allowance for credit losses
to nonaccrual loans
188.02
%
546.95
%
-65.62
%
Total allowance for credit losses
to total loans
0.87
%
0.82
%
5.70
%
Nonaccrual loans to total loans
0.46
%
0.15
%
207.47
%
Non accrual loans and OREO to total assets
0.56
%
0.50
%
11.69
%
Net loan charge-offs to average loans (excludes overdraft charge-offs)
What were United Bancorp (UBCP) Q4 2025 earnings and EPS?
United Bancorp reported Q4 2025 net income of $2,035,000 and diluted EPS of $0.35. According to the company, these represent respective increases of $185,000 (10.0%) and $0.04 (12.9%) versus Q4 of the prior year.
How did United Bancorp (UBCP) perform for the full year 2025?
For FY2025 United Bancorp reported net income of $7,753,000 and diluted EPS of $1.34. According to the company, this reflects increases of $350,000 (4.7%) in net income and $0.07 (5.5%) in EPS year-over-year.
What drove United Bancorp's net interest income and margin in 2025 (UBCP)?
UBCP's net interest income rose driven by asset growth, loan repricing, and municipal swaps. According to the company, total assets increased $40.8M (5.0%), average loans rose $17.0M (3.5%), and NIM widened 19 bps to 3.70%.
How did credit quality change for United Bancorp (UBCP) at year-end 2025?
Credit metrics remained stable: nonaccrual loans were $2.3M (0.46% of gross loans) and allowance to loans was 0.87%. According to the company, net charge-offs annualized were (0.06%) of average loans for 2025.
What near-term headwinds did United Bancorp (UBCP) report affecting profitability?
UBCP flagged higher noninterest expense from new branches, technology and staffing that diluted short-term results. According to the company, these investments increased expenses and reduced EPS despite rising net interest income.
