secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANCORP INC /OH/ (UBCP)
CIK:        0000731653
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087335
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bancorp Q2 2024 EPS $0.30, net income down 24% YoY; net interest margin 3.54%
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- Diluted EPS $0.30 for Q2 2024, down $0.10 YoY from $0.40; net income $1.739M vs $2.279M.
- First-half 2024 EPS $0.64, down $0.09 YoY; net income $3.732M vs $4.168M.
- Net interest margin 3.54%, up 8 bps linked quarter but down 4 bps YoY; net interest income declined $143K QoQ.
- Provision for credit losses $104K for Q2, reversing negative provision from prior year; reduced EPS by ~$0.04.
- Nonaccrual loans $1.15M (0.24% of loans), up $463K YoY but down $284K linked quarter; NPA/assets 0.46%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731653/000110465924087335/0001104659-24-087335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731653/000110465924087335/tm2421155d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087335

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