---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-086225"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:37:03.818418+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# United Bancorp Q2 EPS $0.40, net income up 5.2% YoY; net interest margin expands

## Summary
- Diluted EPS $0.40; net income $2.297M (up 5.2% YoY). Six-month EPS $0.70; net income $4.048M (down 1.1%).
- Net interest income rose 7.4% YoY to $5.96M; net interest margin improved 9 bps to 3.54%.
- Gross loans up $8.7M (1.9%) to $467.4M; securities up $45.6M (30.7%) to $193.9M.
- Credit reserve release of $485K in Q2; nonaccrual loans $4.0M (0.86% of loans).
- Cash dividends increased $0.07 YoY (18.1%) including $0.15 special; book value fell 19.3% to $9.65.

## SEC filing metadata
- accession: 0001104659-22-086225
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/731653/000110465922086225/0001104659-22-086225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000110465922086225/tm2222502d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-086225
- JSON: https://secwatch.observer/filing/0001104659-22-086225.json
- Plain text: https://secwatch.observer/filing/0001104659-22-086225.txt

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