United Bancorp Q1 EPS $0.35, up 6.1% YoY; net interest margin compresses 29 bps to 3.46%

UNITED BANCORP INC /OH/

2024-Q1 EPS reported $0.35

Diluted EPS $0.35 vs $0.33 prior year; net income $1.99M vs $1.89M, up 5.6%.
Net interest income fell 4.8% to $6.1M; margin compressed 29 bps to 3.46% as deposit costs rose.
Loans grew 3.6% to $480.3M; total assets $834.0M; book value $10.62 (+5.6%).
Securities rebalancing: sold $25M lower-yielding securities, reinvested at +1.23% yield; $194k loss.
Total dividend $0.3225/share (regular $0.1725 + special $0.15), forward yield 5.81%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

UNITED BANCORP INC /OH/ reported three months ended March 31, 2024 results: net income $1,993,000, EPS $0.35.

Period: three months ended March 31, 2024
Net income: $1,993,000
EPS: $0.35
Result: reported results

Exact text from the filing

United Bancorp, Inc. (NASDAQ: UBCP) reported diluted earnings per share of $0.35 and net income of $1,993,000 for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001104659-24-059396

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