secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANCORP INC /OH/ (UBCP)
CIK:        0000731653
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001104659-24-114854
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UBCP Q3 2024 EPS $0.31, net income down 24% YoY; margin compresses to 3.50%
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- Q3 diluted EPS $0.31, net income $1.82M; YoY net income down $573K, EPS down $0.11; linked-quarter net income up 4.6%.
- Net interest margin fell to 3.50% from 3.63% YoY; net interest income down 4.6% to $18.5M; interest expense surged 40.7%.
- Credit stable: nonaccrual loans 0.21% of gross loans; NPA/assets 0.46%; allowance for credit losses 0.84% of loans.
- Tangible book value per share up 23.6% YoY to $10.84; total shareholders' equity $65.5M; forward dividend yield 6.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731653/000110465924114854/0001104659-24-114854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731653/000110465924114854/tm2427669d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114854

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