secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANCORP INC /OH/ (UBCP)
CIK:        0000731653
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001104659-22-086225
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731653/000110465922086225/0001104659-22-086225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731653/000110465922086225/tm2222502d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-086225

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer