secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANCORP INC /OH/ (UBCP)
CIK:        0000731653
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059396
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731653/000110465924059396/0001104659-24-059396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731653/000110465924059396/tm2414036d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059396

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