---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-026603"
form_type: "8-K"
ticker: "UBCP"
cik: "0000731653"
company_name: "UNITED BANCORP INC /OH/"
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T12:01:22.447467+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# United Bancorp reports record FY2021 EPS $1.62, up 17% YoY; Q4 EPS $0.41

## Summary
- Net income $9.45M (+19% YoY); diluted EPS $1.62 (+17%). Q4 net income $2.46M, EPS $0.41 vs $0.46 prior year.
- Total assets $724.5M; equity/asset ratio 9.90%; shareholders' equity $71.7M (+4.9% YoY).
- Loans grew 2.5% to $454.4M; deposits rose $25.6M (4.4%) with lower-cost retail up 10.0%.
- Net interest income fell 3.4% YoY; net interest expense reduced 45.2%; credit reserve released $400K in Q4.
- Cash dividends increased 20.2% including special $0.10 dividend; stock price up 26.3% to $16.65.

## SEC filing metadata
- accession: 0001193125-22-026603
- form_type: 8-K
- ticker: UBCP
- cik: 0000731653
- company_name: UNITED BANCORP INC /OH/
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731653/000119312522026603/0001193125-22-026603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731653/000119312522026603/d303821d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-026603
- JSON: https://secwatch.observer/filing/0001193125-22-026603.json
- Plain text: https://secwatch.observer/filing/0001193125-22-026603.txt

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