---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-056488"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:07:51.076096+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Q1 EPS $0.31 vs $0.33 record; net income $1.75M; NII up 3.7% but expenses jump 14.9%

## Summary
- Diluted EPS $0.31 and net income $1.75M vs $0.33/$1.91M in record Q1 2021.
- Net interest income rose $198k (+3.7%) as expense fell 37.3%; NIM 3.45% (down 4 bps).
- Noninterest income $987k (+6.5%); noninterest expense $661k (+14.9%) driven by staffing and wages.
- Credit quality: nonaccrual/30+ day past due $4.2M (0.9% of loans); net recovery of $29k; $500k reserve release.
- Book value $10.79 (down 3.5%) due to rate-driven AOCI hit; total equity $63.9M (8.7% of assets).

## SEC filing metadata
- accession: 0001104659-22-056488
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731653/000110465922056488/0001104659-22-056488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000110465922056488/tm2214638d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-056488
- JSON: https://secwatch.observer/filing/0001104659-22-056488.json
- Plain text: https://secwatch.observer/filing/0001104659-22-056488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.