earnings
confidence high
sentiment neutral
materiality 0.60
United Bancorp Q4 2022 EPS $0.40, down $0.01 YoY; FY EPS $1.50, down $0.12
UNITED BANCORP INC /OH/
2022-FY EPS reported
$1.50
- Net income Q4 2022 $2.306M ($0.40 diluted EPS) vs $2.456M ($0.41) in Q4 2021.
- Full-year 2022 net income $8.657M ($1.50 diluted EPS), second highest in company history.
- Net interest margin expanded 19 bps to 3.67%; net interest income up 10.3% for the year.
- Total assets grew 4.6% to $757.4M; deposits up 7.4% to $649.9M; non-accrual loans only 0.04% of loans.
- Book value declined due to $9.3M AOCI loss; well-capitalized with equity/assets of 7.9%.