---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059396"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:36:26.627387+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-24-059396
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2024-05-09T23:59:59+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/731653/000110465924059396/0001104659-24-059396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000110465924059396/tm2414036d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059396
- JSON: https://secwatch.observer/filing/0001104659-24-059396.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059396.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/731653/000110465924059396/0001104659-24-059396-index.htm

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