---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-007277"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:32:19.033843+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# United Bancorp Q4 2022 EPS $0.40, down $0.01 YoY; FY EPS $1.50, down $0.12

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-23-007277
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731653/000110465923007277/0001104659-23-007277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000110465923007277/tm234572d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-007277
- JSON: https://secwatch.observer/filing/0001104659-23-007277.json
- Plain text: https://secwatch.observer/filing/0001104659-23-007277.txt

## Key facts
- Earnings Releases
  UNITED BANCORP INC /OH/ reported the three months ended December 31, 2022 results: net income $2,306,000, EPS $0.40.
  - Period: the three months ended December 31, 2022
  - Net income: $2,306,000
  - EPS: $0.40
  - Result: reported results
  source text: United Bancorp, Inc. (NASDAQ: UBCP) reported diluted earnings per share of $0.40 and net income of $2,306,000 for the three months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/731653/000110465923007277/0001104659-23-007277-index.htm
- Earnings Releases
  UNITED BANCORP INC /OH/ reported the year, ended December 31, 2022 results: net income $8,657,000, EPS $1.50.
  - Period: the year, ended December 31, 2022
  - Net income: $8,657,000
  - EPS: $1.50
  - Result: reported results
  source text: For the year, ended December 31, 2022, UBCP reported diluted earnings per share of $1.50 and net income of $8,657,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/731653/000110465923007277/0001104659-23-007277-index.htm

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