UBCP

Shares of United Bancorp, Inc. UBCP have declined 2.1% since the company reported its earnings for the quarter ended June 30, 2026. This compares to the S&P 500 index’s 1.5% decline over the same time frame. Over the past month, the stock has declined 2.4% compared with the S&P 500’s 1.8% decrease. United Bancorp reported earnings of 36 cents per share for the second quarter of 2026, up 9.1% from 33 cents per share recorded in the year-ago quarter. The company attributed the improvement to higher net interest income, lower interest expenses and growth in noninterest income. The company’s net income of $2.1 million indicated a 9.4% rise from $1.9 million in the year-ago quarter. United Bancorp, Inc. price-consensus-eps-surprise-chart | United Bancorp, Inc. Quote United Bancorp benefited from improving core banking trends during the quarter. Total interest income increased 1.2% year over year to $10.5 million, supported by higher loan-related income, while total interest expense declined 7.5% to $3.5 million. As a result, net interest income increased 6.2% to $7 million. The company’s net interest margin expanded to 3.82% from 3.65% in the prior-year period, helped by growth in interest-earning assets, loan repricing and lower funding costs. Management expects the trend of improving net interest income and net interest margin to continue through the remainder of 2026. The company’s balance sheet continued to expand, with total assets reaching $878 million as of June 30, 2026, up 3.6% from the prior year. Growth was primarily driven by increases in securities and bank-owned life insurance. Securities increased 5.6% year over year to $244.3 million, while bank-owned life insurance rose 92.2% to $38.5 million. Deposit growth remained a key strength for United Bancorp. Total deposits increased 6.8% year over year to $686.9 million, supported by growth in lower-cost funding sources. Noninterest-bearing demand, interest-bearing demand and savings deposits collectively increased 6.8% to $481.9 million, representing 70.2% of total deposits. The company noted that lower-cost deposits, continued repricing of core deposits and the maturity of a $20 million Federal Home Loan Bank advance helped reduce funding costs. Interest expense to average assets declined 17 basis points year over year to 1.62%. Credit quality remained broadly stable, although some metrics reflected pressure compared with unusually strong prior-year levels. Nonaccrual loans and loans past due more than 30 days totaled $6.9 million, or 1.4% of gross loans, up from the previous year. Management noted that the increase was largely driven by a single commercial loan relationship of approximately $4.2 million that moved to nonaccrual status during the first quarter of 2026. Loans past due more than 30 days remained relatively stable at $0.5 million. Management highlighted ongoing investments in infrastructure, technology and customer delivery capabilities as key components of its long-term strategy. CFO Randall M. Greenwood said the company’s recent investments have created additional expenses and near-term earnings dilution but are expected to generate stronger returns over the next 12 to 24 months. Chairman, president and CEO Scott A. Everson emphasized that the company is focused on growing its balance sheet while improving operational capabilities. He noted that the company’s new regional banking center in Wheeling, West Virginia, has exceeded initial expectations and contributed to deposit growth since opening in December 2025. United Bancorp continued expanding its noninterest income opportunities through its Unified Mortgage Division and Treasury Management capabilities. Revenue from noninterest income increased 16.4% year over year in the second quarter to $1.6 million, supported by higher earnings on bank-owned life insurance and gains on loan sales. Management said Unified Mortgage continues to gain recognition among realtors in its markets, while Treasury Management services are helping generate fee income and attract lower-cost deposits. The company is also developing artificial intelligence solutions, digital account opening capabilities and a centralized Unified Care Center designed to improve customer service and support future growth. United Bancorp continued executing its broader infrastructure expansion strategy during the quarter. The company maintained its focus on investments aimed at supporting future growth, including technology upgrades and operational improvements. Management expects these initiatives to strengthen customer relationships, improve efficiency and support its goal of becoming a community financial institution with assets of $1 billion or more. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Bancorp, Inc. (UBCP): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINS FERRY, OH / ACCESS Newswire / July 23, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.36 and net income of $2,095,000 for the three months ended June 30, 2026. For the first six months of the current year, UBCP reported diluted earnings per share of $0.69 and net income of $4,006,000. Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are happy to report on the increased earnings for the second quarter ended June 30, 2026 and, the overall solid performance achieved by United Bancorp, Inc. (UBCP) for the first six months of 2026. For the quarter, our Company produced net income and diluted earnings per share of $2,095,000 and $0.36, which are respective increases of $180,000, or 9.4%, and $0.03, or 9.1%, over the results achieved for the second quarter of the previous year. In addition, on a linked-quarter basis, our Company's net income and diluted earnings per share results also respectively increased by $184,000, or 9.6%, and $0.03 or 9.1%. For the first six months of 2026, UBCP produced net income of $4,006,000, an increase of $219,000, or 5.8%, over the previous year and diluted earnings per share of $0.69, which is an increase of $0.04, or 6.2%, year-over-year. We are very pleased that our year-to-date results as of June 30, 2026 are higher than those achieved for the same period of time in 2025 considering that... as we have previously mentioned... our Company is focused on the future and has undertaken several transformative projects that have created additional expense for UBCP and are somewhat dilutive to earnings at present. In addition, even though there has been a tremendous level of uncertainty permeating our economy in recent years... that level of uncertainty has increased in the first half of the current year as geopolitical risks increased, which created disruption in our global economy. Regardless, we are satisfied with our increasing earnings and content with how our investment in our infrastructure and growth is developing in accordance with our visions and projections. We firmly believe that over the course of the next twelve to twenty-four months, we will see a very nice return on these investments in our Company's infrastructure, which should lead to higher levels of earnings and help ensure the relevancy of UBCP for many years to come." Greenwood further remarked, "Many thought that the economic uncertainty with which our country has been dealing for the past several years was finally going to be behind us in 2026. Even though inflation had stagnated at a level a little bit higher than the Federal Open Market Committee (FOMC) of the Federal Reserve Bank liked, it was getting closer to their established target of two percent. In addition, they were mostly satisfied with current employment-related data within our economy. As we entered 2026, forecasts called for solid economic growth as the impact of the tariffs implemented last year was thought to also be behind us and the anticipated increase in tax refund payouts under our new tax policy were anticipated to fuel consumption and growth, driving our Gross Domestic Product (GDP) higher to levels rarely seen. In addition, forecasts for interest rates projected two to three cuts for the fed funds target rate, which would align our country's monetary policy with a more neutral position. How quickly things can change! With the United States and Israel commencing military action on Iran in late February, the economic uncertainty that we thought was finally behind us heightened to levels even greater than before. Even with all of this concern and uncertainty, our Company was able to achieve growth in its balance sheet for the six-months ended June 30, 2026. Year-over-year, total assets increased by $30.1 million, or 3.6%, to a level of $878.0 million. This increase in total assets is primarily attributed to year-over-year increases in securities by $13.1 million (to a level of $244.3 million) and, bank owned life insurance by $18.5 million (to a level of $38.5 million). Overall, the increase in the level of interest earning assets on our balance sheet in the first six months of this year--- along with our loans outstanding continuing to reprice at higher rates--- helped our Company achieve an increase in the total interest income that it generated by $293,000, or 1.5%, over the level achieved during the same timeframe last year." Greenwood continued, "Driving the increase in our Company's total assets as of June 30, 2026 was the growth that we experienced in our total deposits. During the first half of 2026, total deposits grew by $44.0 million, or 6.8%, to a level of $686.9 million. Much of this increase in our total deposits came from growth in our lower-cost funding--- consisting of noninterest bearing demand, interest bearing demand and savings--- with balances increasing by $30.8 million, or 6.8%, to a level of $481.9 million (which is 70.2% of total deposits). In addition, higher-cost time deposits increased by $13.2 million, or 6.9%, to a level of $205.0 million (which is 29.8% of total deposits). Remarkably, even with this increase in the total deposits of our Company, total interest expense as of June 30, 2026 decreased by ($380,000), or (5.1%), and our interest expense to average assets decreased by seventeen basis points (17bps) on a year-over-year basis to a level of 1.62%. This decrease in total interest expense can be attributed to our Company's aforementioned attraction of lower-cost deposits... along with the continued downward repricing of our core deposits and the maturity of a $20.0 million Federal Home Loan Bank (FHLB) Advance in the first quarter of this year on which we were paying a rate of 4.39%. With the year-over-year increase in total interest income and decrease in total interest expense, UBCP was able to continue the trend of having increasing net interest income and an expanding net interest margin. For the first six months of 2026, net interest income increased by $673,000, or 5.2%, and the net interest margin increased by seventeen basis points (17bps) to a level of 3.82%, both year-over-year. We anticipate the trend of our Company's net interest income and net interest margin increasing to continue over the remainder of 2026." Lastly, Greenwood stated, "Relating to the credit-quality metrics for our Company, our combined delinquency and nonaccrual loan levels have increased somewhat year-over-year from the uncharacteristically and historically low levels that we had maintained for several years... but, they did decline slightly from the levels that we reported at December 31, 2025. At quarter-end, June 30, 2026, our Company's nonaccrual loans and loans past due thirty-plus days totaled $6.9 million (or, 1.4% of gross loans), which was an increase of $4.7 million year-over-year. On a linked-quarter basis, our level of nonaccrual loans and loans past due thirty-plus days was relatively stable, increasing by $115,000. Regarding these metrics increasing on a year-over-year basis--- we had one commercial loan relationship with an outstanding balance of approximately $4.2 million go from being current last year to being classified as nonaccrual during the first quarter of 2026. This single relationship accounts for an overwhelming majority of the year-over-year increase in our nonaccrual loans. On the flip-side, our loans past due thirty plus days remained relatively steady year-over-year at a level of $531,000 or 0.11% of gross loans. Accordingly, we believe that our overall credit quality is sound and this single relationship is not indicative of an increasing level of credit risk within our loan portfolio." Greenwood ended by stating, "Further highlighting the overall quality and soundness of our loan portfolio, our Company had net loans charged off (excluding overdrafts) of ($7,000) in the first six months of the current year--- which on an annualized basis is zero percent of average loans--- and is lower than the previous year and in-line with peer. In addition, our Company remains very well capitalized by regulatory standards with regulatory capital (stockholders' equity plus accumulated other comprehensive loss) of $76.0 million, or 8.7% of average assets, which is an increase of $1.8 million, or 2.5%, year-over-year." Scott A. Everson, Chairman, President and CEO stated, "With our committed and long-term focus of growing our balance sheet in a profitable fashion by investing in the infrastructure of our Company, we are very pleased with the financial results that we achieved in the current year as of June 30, 2026. In addition, we are very satisfied with the progress that we are making on the execution of our plan relating to our investment in infrastructural improvements that will help ensure our relevancy for many years to come and help us achieve our vision of becoming a community financial institution with assets of $1.0 billion or greater in the very near term." Everson continued, "As I have previously mentioned, we opened our newest banking center... a regional hub... in the appealing market of Wheeling, West Virginia, on December 9, 2025. As June 30, 2026, this office has been very well received by this vibrant market and has exceeded our performance expectations during the first six months of operation. A lot of the growth in our depository base can be attributed to this new office. We firmly believe that within five years, this new banking center will be a top performer for United Bancorp, Inc. (UBCP)." Everson also stated, "Relating to other infrastructural investments that we have undertaken within the past year or two, our Company's Unified Mortgage Division continues to contribute meaningfully to fee income. As we focus on further scaling this function with the addition of mortgage loan originators--- and, considering the positive operating leverage that presently exists within this developing division--- we strongly believe that Unified Mortgage will continue to produce increasingly positive results and become more lucrative for our Company. Unified Mortgage is definitely becoming a known entity amongst the realtors within the markets that we serve. We also continue to invest in and develop our Treasury Management capabilities that help our small business customers with cash management, merchant services and payments. This function not only generates fee income for United Bancorp, Inc. (UBCP); but, also is a key driver of low or no cost deposits and strengthens relationship depth with our commercial customers. No doubt, both of these areas contributed to the increasing levels of noninterest income that we generated during the first half of this year--- with the latter also contributing to the growth in our low-cost deposits, which helped lead to the increase in deposit totals and decrease in our interest expense level as of June 30, 2026." Everson continued, "Over the course of 2025 and into the current year, we have and continue to make a tremendous investment in technology. With our enhanced technological product offering, we now have more customers than ever utilizing our consumer and commercial online and mobile platforms and benefitting from these advanced solutions that we offer... which has and will continue to lead to more relationship building and revenue generating opportunities for UBCP. Importantly, we have begun developing and are soon to implement an AI solution designed to help us better serve customers by answering inquiries more efficiently and effectively... guiding customers to the best financial solutions and supporting a more modern, customer-centric approach to delivery. To further supplement this aforementioned AI solution, we are presently in the process of implementing a system specializing in omnichannel account opening, that will allow our Company to fully digitize the account opening process through online, mobile and in-branch platforms... enabling customers, both business and consumer, to open all deposit accounts and most services in person and virtually. These enhanced systems will be housed in our soon-to-open Unified Center (which is located in St. Clairsville, Ohio) and will help support our Unified Care Center that will also be housed at this facility. The Unified Care Center will centralize the customer service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to customers from any technology platform... via a live video interface. In addition, the Unified Care Center will have a "sales oriented" function, which is anticipated to lead to additional business for our Company by routing inbound banking inquiries and requests from any banking channel to our Unified Care Center, for "in person" consultations with our skilled team members. By having a centralized customer support function staffed with skilled sales and service professionals who are truly "subject matter experts," we believe that we will be able to more effectively and efficiently attract, develop and retain customer relationships with more productive on-boarding and cross-selling practices--- which is anticipated to lead to a higher level of customer satisfaction and overall profitability for UBCP. We anticipate that all of these new technology and support functions will be fully implemented by year-end and believe that the Unified Care Center has the potential to develop into a bona-fide "digital bank" for our Company, which will more readily support our growth and profitability objectives in the coming years!" Everson further stated, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing the value of their investment and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In the second quarter of this year, UBCP paid a regular cash dividend at a level of $0.195, an increase of $0.01, or 5.4%, over the regular cash dividend paid in the second quarter of the previous year. Year-to-date, our Company paid total cash dividends of $.05625, which includes a special cash dividend of $0.1750 paid in the first quarter. At the second quarter dividend payout level, the forward yield produced by our regular cash dividend is 4.9% and, inclusive of the special dividend, the forward yield is 6.0%, considering our quarter-ending fair market value as of June 30, 2026 of $15.88. On a year-over-year basis, the fair market value of our Company's stock increased by $1.38 or 9.5%." Lastly, Everson concluded, "As you can see, we are currently heavily investing in the infrastructure of our Company to set the stage for future growth and ensure that UBCP remains relevant in the ever-more competitive financial services industry. We firmly believe that within the next twelve to twenty-four months, we will see a solid return on these investments that we have made and are currently implementing to improve our operations and delivery. Obviously, such expenditures do have a dilutive impact on the earnings that we produce in the short-term. But, even with this reality, we are very happy with the present performance of our Company. We are grateful that we have produced increasing earnings and have grown our balance sheet in the first six months of 2026. In the second half of 2026, we anticipate these positive trends will continue. We are truly excited about UBCP's direction and the potential that it brings. With an ongoing focus on continual process improvement, product development and delivery, we strongly believe that the future for our Company is exceedingly bright." As of June 30, 2026, United Bancorp, Inc. has total assets of $878.0 million and total shareholders' equity of $72.1 million. Through its single bank charter, Unified Bank, the Company currently has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Ohio and Marshall Counties in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise. United Bancorp, Inc. ("UBCP") SOURCE: United Bancorp, Inc. (Ohio) View the original press release on ACCESS Newswire

Shares of United Bancorp, Inc. UBCP have declined 2.7% since the company reported results for the quarter ended March 31, 2026, compared with a 1.1% growth in the S&P 500 index over the same period. Over the past month, the stock fell 4.4%, underperforming the broader market’s 6.8% growth. United Bancorp reported first-quarter 2026 earnings per share of 33 cents, which increased 3.1% from 32 cents a year earlier. Total interest income rose 1.8% year over year to $10 million, driven primarily by higher loan income and loan fees. Net interest income climbed 4.2% to $6.5 million as total interest expense declined 2.6% to $3.5 million. Total noninterest income increased 11.2% to $1.4 million, though total noninterest expense rose 10.2% to $6.2 million as the company continued investing in infrastructure and technology initiatives. Net income of $1.91 million denoted a 2.1% increase from $1.87 million in the year-ago quarter. United Bancorp, Inc. price-consensus-eps-surprise-chart | United Bancorp, Inc. Quote United Bancorp ended the quarter with total assets of $858.5 million, up 3.4% from a year earlier. Gross loans increased 0.7% to $500.3 million, while securities holdings rose 2.6% to $239.9 million. Bank-owned life insurance nearly doubled year over year to $38.2 million. Deposit growth remained a key driver of balance-sheet expansion. Total deposits increased 6.8% year over year to $666.7 million. Lower-cost funding sources — including noninterest-bearing demand, interest-bearing demand and savings deposits — grew by $27.4 million to $474.6 million, accounting for 71.2% of total deposits. Higher-cost time deposits rose $15.2 million to $192 million. The company also benefited from the maturity of a $20 million Federal Home Loan Bank advance carrying a 4.39% interest rate, contributing to lower funding costs. Advances from the Federal Home Loan Bank declined 26.7% year over year to $55 million. United Bancorp continued to report improving profitability metrics. Net interest margin expanded 12 basis points year over year to 3.72%, while interest expense relative to average assets declined to 1.64% from 1.75%. Management said it expects favorable trends in net interest income and margin expansion to continue through 2026. Credit-quality metrics, however, reflected some deterioration from unusually low prior-year levels. Nonaccrual loans surged 234.4% year over year to $6.5 million, primarily due to one commercial loan relationship of approximately $4.2 million being placed on nonaccrual status during the quarter. Total past-due and nonaccrual loans represented 1.36% of gross loans, compared with 0.57% a year ago. Still, management noted that delinquency levels declined sequentially from Dec. 31, 2025, levels and emphasized that the issue was isolated rather than indicative of broader portfolio weakness. Net charge-offs remained minimal at $0.04 million, while the allowance for credit losses totaled $4.3 million, or 0.85% of total loans. Management highlighted ongoing investments in infrastructure, technology and customer-service capabilities as central to the company’s long-term growth strategy. Executives acknowledged that these initiatives are currently dilutive to earnings but said they are expected to generate stronger profitability over the next 12 to 24 months. Chairman, President and CEO Scott Everson pointed to strong early performance from the company’s new Wheeling, W.Va., banking center, which opened in December 2025. According to management, the office has already exceeded its first-year loan growth forecast within its first three months of operation and achieved roughly two-thirds of its projected first-year deposit growth target. The company also continued expanding its Unified Mortgage Division and treasury management operations, both of which contributed to higher fee income and deposit growth. Management additionally disclosed plans to implement artificial intelligence-based customer service tools and a fully digital omnichannel account-opening system as part of broader modernization efforts. These systems are expected to be operational by year-end and integrated into the company’s upcoming Unified Customer Care Center in St. Clairsville, OH. United Bancorp remained well capitalized during the quarter. Shareholders’ equity increased 11% year over year to $67.5 million, while tangible shareholders’ equity rose 11.3% to $66.8 million. Book value per share increased 10.8% to $11.29. The company paid a combined regular and special cash dividend totaling 36.75 per share during the quarter, up from 35.75 a year earlier. The regular quarterly dividend increased 5.5% year over year to 19.25 per share. During the quarter, United Bancorp continued investing in operational and digital infrastructure rather than pursuing acquisitions or divestitures. The company is developing an AI-powered customer inquiry platform and implementing omnichannel digital account-opening capabilities. It is also preparing to launch its Unified Customer Care Center, which management said could evolve into a “digital bank” supporting future growth initiatives. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Bancorp, Inc. (UBCP): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINS FERRY, OH / ACCESS Newswire / May 7, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.33 and net income of $1,911,000 for the three months ended March 31, 2026. Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are happy to report on the earnings performance of United Bancorp, Inc. (UBCP) for the first quarter ended March 31, 2026. For the quarter, our Company achieved solid net income and diluted earnings per share results of $1,911,000 and $0.33, which were respective increases of $39,000, or 2.1%, and $0.01, or 3.1%, over the results achieved for each metric during the first quarter of last year. We are very pleased that our first quarter results are higher than those achieved for the same period of time in 2025 considering that... as we have previously mentioned... our Company is focused on the future and has undertaken several transformative projects that have created additional expense for UBCP and are somewhat dilutive to earnings at present. In addition, even though there has been a tremendous level of uncertainty permeating our economy in recent years... that level has increased in the most recent quarter with a new realm of uncertainty created by geopolitical concerns that escalated over the course of the first quarter of this year. Regardless, we are satisfied with our increasing earnings and content with how our investment in our infrastructure and growth is developing in accordance with our visions and projections. We firmly believe that over the course of the next twelve to twenty-four months, we will see a very nice return on these investments in our Company's infrastructure, which should lead to higher levels of earnings and help ensure the relevancy of UBCP for many years to come." Greenwood further remarked, "Many thought that the economic uncertainty with which our country has been dealing for the past several years was finally going to be in the rear-view mirror in 2026. Even though inflation had stagnated at a level a little bit higher than the Federal Open Market Committee (FOMC) of the Federal Reserve Bank liked, it was getting closer to their established target of two percent. In addition, they were mostly satisfied with current employment-related data within our economy. As we entered 2026, forecasts called for solid economic growth as the impact of the tariffs implemented last year was thought to also be behind us and the anticipated increase in tax refund payouts under our new tax policy were anticipated to fuel consumption and growth, driving our Gross Domestic Product (GDP) higher to levels rarely seen. In addition, forecasts for interest rates projected two to three cuts for the fed funds target rate, which would align our country's monetary policy with a more neutral position. How quickly things can change! With the United States and Israel commencing military action on Iran in late February, the economic uncertainty that we thought was finally behind us heightened to levels even greater than before. Even with all of this concern and uncertainty, our Company was able to achieve growth in its balance sheet in the first quarter ended March 31, 2026. Year-over-year, total assets increased by $27.8 million, or 3.6%, to a level of $858.5 million. This increase in total assets is attributed to year-over-year increases in gross loans by $3.5 million to a level of $500.3 million; securities by $6.0 million to a level of $239.9 million; and, bank owned life insurance by $18.3 million to a level of $38.2 million. Overall, the increase in the level of interest earning assets on our balance sheet helped our Company achieve an increase in the total interest income that it generated by $172,000, or 1.8%, over the level achieved in the first quarter of last year." Greenwood continued, "Driving the increase in our Company's total assets in the first quarter was the growth that we experienced in our total deposits. For the quarter, total deposits grew by $42.6 million, or 6.8%, to a level of $666.7 million. Much of this increase in our total deposits came from growth in our lower-cost funding--- consisting of noninterest bearing demand, interest bearing demand and savings--- with balances increasing by $27.4 million to a level of $474.6 million (which is 71.2% of total deposits). In addition, higher-cost time deposits increased by $15.2 million to a level of $192.0 million (which is 28.8% of total deposits). Remarkably, even with this increase in the total deposits of our Company, total interest expense as of March 31, 2026 decreased by ($93,000), or (2.6%), on a year-over-year basis. This decrease in total interest expense can be attributed to both the continued downward repricing of our core deposits, along with the maturity of a $20.0 million Federal Home Loan Bank (FHLB) Advance during the first quarter on which we were paying a rate of 4.39%. With this year-over-year increase in total interest income and decrease in total interest expense, our Company was able to continue the trend of having increasing net interest income and an expanding net interest margin. As of the most recently ended quarter, net interest income increased by $265,000, or 4.2%, and the net interest margin increased by twelve basis points (12bps) to a level of 3.72%, both year-over-year. We anticipate that these positive trends with our net interest income and net interest margin will continue over the course of 2026." Lastly, Greenwood stated, "Relating to the credit-quality metrics for our Company, our combined delinquency and nonaccrual loan levels have increased somewhat year-over-year from the uncharacteristically and historically low levels that we had maintained for several years... but, they did decline slightly from the levels that we reported at December 31, 2025. At quarter-end, March 31, 2026, our Company's nonaccrual loans and loans past due thirty-plus days totaled $6.8 million (or, 1.36% of gross loans), which was an increase of $4.0 million year-over-year. On a linked-quarter basis, our level of nonaccrual loans and loans past due thirty-plus days declined by $416,000, or 5.7%, from $7.2 million. Regarding these metrics increasing on a year-over-year basis--- we had one commercial loan relationship with an outstanding balance of approximately $4.2 million go from being current last year to being classified as nonaccrual during the first quarter of 2026. This single relationship, which is presently not impaired, accounts for an overwhelming majority of the year-over-year increase in our nonaccrual loans. On the flip-side, our loans past due thirty plus days decreased by ($560,000) year-over-year to a level of $344,000 or 0.07% of gross loans. Accordingly, we believe that our overall credit quality is extremely sound and this single relationship is not indicative of a systemic increase of risk within our loan portfolio." Greenwood ended by stating, "Further highlighting the overall quality and soundness of our loan portfolio, our Company had net loans charged off (excluding overdrafts) of ($16,000) in the first quarter of this year, which on an annualized basis is (0.01%) of average loans and in-line with both the previous year and peer. In addition, our Company remains very well capitalized by regulatory standards with regulatory capital (stockholders' equity plus accumulated other comprehensive loss) of $75.3 million or 8.8% of average assets, which is an increase of $2.0 million, or 2.7%, year-over-year." Scott A. Everson, Chairman, President and CEO stated, "With a committed and long-term focus of growing our balance sheet in a profitable fashion by investing in the infrastructure of our Company, we are very pleased with the financial results that we achieved in the first quarter ending March 31, 2026. In addition, we are very satisfied with the progress that we are making on the execution of our plan relating to our investment in infrastructural improvements that will help ensure our relevancy for many years to come and help us achieve our vision of becoming a community financial institution with assets of $1.0 billion or greater in the very near term." Everson continued, "I am very happy to report that we opened our newest banking center, a regional hub in the appealing market of Wheeling, West Virginia, on December 9, 2025. As of the end of the first quarter, this office has already exceeded our first-year forecast for loan growth and is roughly two-thirds of the way to achieving our first-year forecast for deposit growth... all within the first three months of operation! We firmly believe that within five years, this new banking center will be a top performer for United Bancorp, Inc. (UBCP)." Everson also stated, "Relating to other infrastructural investments that we have undertaken within the past year or two, our Company's Unified Mortgage Division continues to contribute meaningfully to fee income. As we continue to scale this function with the addition of mortgage loan originators and with the positive operating leverage that presently exits within this developing division... we strongly believe that Unified Mortgage will continue to produce increasingly positive results and become more lucrative for our Company. Unified Mortgage is definitely becoming a known entity amongst the realtors within the markets that we serve. We also continue to invest in and develop our Treasury Management capabilities that help our small business customers with cash management, merchant services and payments. This function not only generates fee income for United Bancorp, Inc. (UBCP); but, also is a key driver of low or no cost deposits and strengthens relationship depth with our commercial customers. No doubt, both of these areas contributed to the increasing levels of noninterest income that we generated during the first quarter of this year--- with the latter also contributing to the growth in our low-cost deposits, which helped lead to the increase in deposit totals and decrease in our interest expense level as of March 31, 2026." Everson continued, "Over the course of 2025 and into the current year, we have and continue to make a tremendous investment in technology. With our enhanced technological product offering, we now have more customers than ever utilizing our consumer and commercial online and mobile platforms and benefitting from these advanced solutions that we offer-- which has and will continue to lead to more relationship building and revenue generating opportunities for UBCP. Importantly, we have begun developing and are soon to implement an AI solution designed to help us better serve customers by answering inquiries more efficiently and effectively... guiding customers to the best financial solutions and supporting a more modern, customer-centric approach to delivery. To further supplement this aforementioned AI solution, we are presently in the process of implementing a system specializing in omnichannel account opening, that will allow our Company to fully digitize the account opening process through online, mobile and in-branch platforms--- enabling customers, both business and consumer, to open all deposit accounts and most services--- both in person and virtually. These enhanced systems will be housed in our soon-to-open Unified Center (which is located in St. Clairsville, Ohio) and will help support our Customer Care Center that will also be housed at this facility. The Customer Care Center will centralize the customer service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to customers from any technology platform... via a live video interface. In addition, the Unified Customer Care Center will have a "sales oriented" function, which is anticipated to lead to additional business for our Company by routing inbound banking inquiries and requests from any banking channel to our Customer Care Center, for "in person" consultations with our skilled team members. By having a centralized customer support function staffed with skilled sales and service professionals who are truly "subject matter experts," we believe that we will be able to more effectively and efficiently attract, develop and retain customer relationships with more productive on-boarding and cross-selling practices--- which is anticipated to lead to a higher level of customer satisfaction and overall profitability for UBCP. We anticipate that all of these new technology and support functions will be fully implemented by year-end and believe that the Unified Customer Care Center has the potential to develop into a bona-fide "digital bank" for our Company, which will more readily support our growth and profitability objectives in the coming years!" Everson further stated, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing the value of their investment and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In the first quarter of this year, UBCP, once again, paid both a regular cash dividend and a special cash dividend to our valued owners. With these first quarter payouts, the regular cash dividend increased year-over-year by $0.01, or 5.5%, to a level of $0.1925. In addition, the special cash dividend paid in the first quarter was $0.175. On a combined basis, the total dividend payment to our shareholders in the first quarter of this year totaled $0.3675 and was paid on March 20th. At these current dividend payout levels, the forward yield produced by our regular cash dividend is 5.1% and, inclusive of the special dividend, the forward yield is 6.2%, considering our quarter-ending fair market value as of March 31, 2026 of $15.21. On a year-over-year basis, the fair market value of our Company's stock increased by $1.79 or 13.3%." Lastly, Everson concluded, "As you can see, we are currently heavily investing in the infrastructure of our Company to set the stage for future growth and ensure that UBCP remains relevant in the ever-more competitive financial services industry. We firmly believe that within the next twelve to twenty-four months, we will see the return on these investments that we are currently making to improve our operations and delivery. Obviously, such expenditures do have a dilutive impact on the earnings that we produce in the short-term. But, even with this reality, we are very happy with the present performance of our Company. We are grateful that we have produced increasing earnings and have grown our balance sheet in the first quarter of 2026. Over the course of 2026, we anticipate these positive trends will continue. We are truly excited about UBCP's direction and the potential that it brings. With an ongoing focus on continual process improvement, product development and delivery, we strongly believe that the future for our Company is exceedingly bright." As of March 31, 2026, United Bancorp, Inc. has total assets of $858.5 million and total shareholders' equity of $67.5 million. Through its single bank charter, Unified Bank, the Company currently has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Ohio and Marshall Counties in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise. United Bancorp, Inc. "UBCP" SOURCE: United Bancorp, Inc. (Ohio) View the original press release on ACCESS Newswire

Shares of United Bancorp, Inc. UBCP have gained 2.6% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 1.1% decline over the same time frame. Over the past month, the stock has declined 0.9% compared with the S&P 500’s 0.9% decrease, indicating relative stability in performance amid broader market volatility. United Bancorp reported earnings per share (EPS) of 35 cents, which rose 12.9% from 31 cents in the same quarter of 2024. Total interest income for the quarter grew 5.2% year over year to $10.6 million, driven primarily by an 8.3% increase in interest income on loans. Net interest income rose 8.6% to $6.9 million, and despite a 49.4% increase in credit loss provisions, net income held strong. Net income of $2 million reflected a 10% year-over-year increase. Notably, the bank also reported a $0.7 million gain from the sale of available-for-sale securities during the quarter. United Bancorp, Inc. price-consensus-eps-surprise-chart | United Bancorp, Inc. Quote Full-year net income reached $7.8 million, up 4.7%, while EPS rose to $1.34, a 5.5% increase compared to $1.27 in 2024. For the full year, net interest income was up 6.7% to $26.5 million. UBCP experienced notable balance sheet growth in 2025. Total assets increased by $40.8 million (5%) to $857.4 million as of Dec. 31, 2025. Average loans rose 3.5% year over year to $497.9 million, while average deposits increased 2.5% to $635.3 million. Interest-bearing time deposits saw an 8.4% rise, contributing to a total deposit growth of 4.5%. The company’s net interest margin improved by 19 basis points to 3.70% from 3.51% the prior year, aided by both organic loan growth and strategic balance sheet management. This included a swap in municipal securities that increased taxable equivalent yield by 139 basis points, generating an additional $0.4 million in annualized interest income. Credit quality remained resilient. Nonaccrual loans, while rising to $2.3 million (0.46% of gross loans), were still considered manageable. Total net charge-offs were $0.4 million for the year, or 0.06% of average loans. The allowance for credit losses rose 5.8% to $4.3 million, now covering 0.87% of total loans. CFO Randall Greenwood highlighted that the year’s performance came amid significant investment initiatives that increased noninterest expenses by 19.5% in the quarter. These included the launch of a new banking center in Wheeling, WV; expansion of the Unified Mortgage and Treasury Management programs; and digital transformation efforts. Greenwood acknowledged the dilutive impact of these projects but emphasized their importance to long-term growth. Greenwood also cited macroeconomic headwinds — including trade-related uncertainty, inflation, and the impact of federal government shutdowns — but noted the company's proactive response via balance sheet expansion and interest margin management. He added that declining interest expense trends, observed in the fourth quarter, may continue into 2026, potentially boosting net interest income further. The company benefited from higher loan yields as older low-rate loans repriced. A one-time gain from securities sales and increased income from fee-generating activities — such as the Unified Mortgage Division — also contributed to earnings strength. On the downside, provision for credit losses more than doubled year-over-year, trimming EPS by approximately 54 cents. Despite these headwinds, the return on average assets (ROA) rose to 0.91% and return on average equity (ROE) improved to 11.69%, up from 0.89% and 10.93% in the prior year, respectively. The company also maintained strong regulatory capital levels, with total regulatory capital at $75.9 million, or 8.9% of average assets. CEO Scott Everson reiterated the company’s strategic objective of growing total assets to over $1 billion. He expects the recent infrastructure investments, including digital platforms and AI-driven customer service enhancements, to play a pivotal role in driving efficiency, customer acquisition, and cross-sell opportunities. Everson also indicated that strong demand in the small business commercial loan segment — comprising 81% of total loans — would be a key growth driver. He emphasized that achieving greater scale through asset growth would support improved profitability. During the fourth quarter, UBCP opened its new Wheeling, WV, banking center, which had already begun contributing to loan and deposit growth before its official launch on Dec. 9, 2025. Additionally, the company acquired and is developing the “Unified Center” in St. Clairsville, OH, which will centralize the bank’s Accounting, IT and Customer Support operations. Completion is expected by the end of the first quarter of 2026. The company also enhanced shareholder returns with higher dividend payouts. Total cash dividends increased 7.6% to 92 cents in 2025, including a 16.7% rise in the special dividend. The stock's total dividend yield stood at a notable 6.4%, reflecting both steady capital return and robust market performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Bancorp, Inc. (UBCP): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINS FERRY, OH / ACCESS Newswire / February 3, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.35 and net income of $2,035,000 for the three months ended December 31, 2025. For the year ended December 31, 2025, UBCP reported diluted earnings per share of $1.34 and net income of $7,753,000. Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are very pleased to report on the increased earnings for the fourth quarter ended December 31, 2025 and, also, the increased earnings and, overall, solid performance achieved by United Bancorp, Inc. (UBCP) for the year 2025. For the quarter, our Company produced net income and diluted earnings per share of $2,035,000 and $0.35, which are respective increases of $185,000, or 10.0%, and $0.04, or 12.9%, over the results achieved for each metric in the fourth quarter of the previous year. In addition, and on a linked-quarter basis, our Company's net income and diluted earnings per share results also respectively increased by $104,000, or 5.4%, and $0.01 or 2.9%. For the twelve months ended December 31, 2025, UBCP produced net income of $7,753,000, an increase of $350,000, or 4.7%, and diluted earnings per share of $1.34, which is an increase of $0.07, or 5.5%, over the levels achieved the previous year. Considering, over the course of the past year, we have undertaken several transformative projects that have added to our noninterest expense levels, such as: the constructing and staffing of our new Wheeling Banking Center, further developing and scaling out of both our Unified Mortgage and our Treasury Management Programs, investing in new technology and digital transformation platforms and acquiring and developing a property in St. Clairsville, Ohio that will become our Unified Center--- which will house our Accounting, Information Technology and Customer Sales and Service Functions--- we are very happy with the present performance of our Company. With our unwavering focus on growing our Company through investing in its infrastructure, product development and delivery, we strongly believe that these current undertakings... which are dilutive to current financial performance... will provide a pathway to future growth and lead to increasingly higher performance for our Company over the course of the next twelve to twenty-four months, and help us to maintain our overall relevance for many years to come." Greenwood further remarked, "As we all know, the economic environment in which we are operating is posing challenges for all businesses with the present high degree of uncertainty that permeates our national and world economies as a result of the tariffs that were announced earlier this year under the guidance of the new administration. This new trade policy--- coupled with a perceived slowing of employment and lingering inflation--- has led many of us to question the future direction of our economy and what impact it will have on the businesses that operate therein, including our Company. Even though we have dealt with changing and somewhat volatile fiscal and monetary policy over the course of the past couple of years, this new economic reality relating to trade policy has only been cast upon us over the course of this past year and the uncertainty relating thereto is still high. In addition--- and, to further add to the uncertainty that permeates our present economy--- our federal government had its longest shutdown in our country's history during the fourth quarter of this year after Congress failed to pass funding legislation to support its ongoing operation. Regardless of these challenges in 2025, our Company responded in a positive fashion to this continuing economic uncertainty by realizing an increase in its net interest income of $1,659,000, or 6.7%, and seeing its net interest margin increase by nineteen (19) basis points to 3.70% from 3.51%. Of note and evidencing an expansionary trend, on a year-over-year basis for the most recently ended quarter--- the increase in our Company's net interest income accelerated above the year-to-date level by increasing by $544,000, or 8.6%. We are optimistic that we can continue this current increasing and expansionary trend for both our total interest income and net interest margin as we enter 2026; especially, as the Federal Open Market Committee (FOMC) loosened its monetary policy with three rate cuts over the course of the final four months of the most recently ended year." Greenwood continued, "The primary driver of our Company's growing level of net interest income and expanding net interest margin is the growth trend we have experienced this year in our total assets, which increased on a year-over-year basis by $40.8 million, or 5.0%, to a level of $857.4 million as of December 31, 2025. This growth in total assets is primarily attributed to average loans increasing by $17.0 million, or 3.5%, to a level of $497.9 million; an increased investment in bank owned life insurance during the fourth quarter of $17.5 million (which has an average yield of 6.03%); and, average cash and due from the Federal Reserve Bank increasing by $6.7 million, or 17.5%, to a level of $45.1 million as of the most recently ended year. In addition, throughout this past year we took advantage of heightened yield opportunities presented by the market by executing on a couple of swap-strategies in our municipal securities portfolio. These strategies involved selling $30.2 million in municipal securities with an average taxable equivalent-yield (TEY) of approximately 4.54% and reinvesting a like amount in new municipal securities with an average TEY of approximately 5.93%, an increase of 1.39%... which produces an additional $419,000 in additional interest income on an annualized basis. As an added bonus in executing these aforementioned swap-strategies, our Company was able to realize a gain on sale of these securities of $137,000. This higher level of assets added to our balance sheet over the course of 2025 should continue to help boost the level of interest income that we generate in future periods and further contribute to the corresponding expansion of both our net interest income and net interest margin... especially, if the Federal Open Market Committee (FOMC) continues to lower short term rates as they did over the final four months of 2025. Interestingly, a significant portion of the municipal securities that we hold in our investment portfolio have extended call protection, which should benefit our Company in a falling rate environment. Also, of interest, we continue to see the average yield of our overall loan portfolio increase as many of our loans originated in the zero interest rate-environment of 2020 and 2021 are now repricing in the current interest rate environment; wherein, current loan rates are considerably higher than the initial rates at which these loans were originated. With our present liquidity level at the Federal Reserve and the growth-trend in our core deposits, we will have a sharp focus on continuing to grow our loans outstanding as we enter the year 2026. This anticipated growth in our Company's gross loans, along with the continued repricing of our loan portfolio, should positively contribute to the aforementioned projection of higher levels of net interest income being realized as we enter the new year." Greenwood further noted, "Looking at the interest expense side of the net interest margin, our Company's total interest expense did increase for the year ended December 31, 2025 by $308,000 or 2.1%. But, of note, comparing the fourth quarter of 2025 to the previous year, during the quarter our Company's total interest expense declined by $22,000 or 0.60%... the first decline that we have seen in our interest expense levels since the Federal Open Market Committee (FOMC) started tightening monetary policy in March of 2022. It is anticipated that this current trend will continue into the coming year. Overall, the modest increase in total interest expense for UBCP over the course of 2025 was primarily driven by an increase in our total deposits of $27.9 million, or 4.5%, to a level of $641.4 million. This growth in our Company's total deposits was evenly split between growth in our lower-cost demand and savings balances of $13.8 million, to a level of $459.6 million--- which is seventy-two (72) percent of total deposits--- and higher-cost time balances of $14.0 million, to a level of $181.7 million. Year-over-year as of December 31, 2025, our interest expense to average assets decreased by one (1) basis point to a level of 1.77%. In the present environment in which we operate and as we experienced in the most recently ended-quarter, we do anticipate that we will continue to see a decline in our total interest expense levels as we enter the year 2026, which should further contribute to net interest income expansion and margin accretion." Lastly, Greenwood stated, "Even with many of our borrowers experiencing rate resets to levels that may be double their previous rates on their loans in this current higher-rate environment and with the economic uncertainty that continues, we have successfully maintained credit-related strength and stability within our loan portfolio. As of December 31, 2025, our Company's total nonaccrual loans were $2.3 million, which is 0.46% of gross loans. At year-end, our Company's nonperforming assets (consisting of nonaccrual loans and OREO) to total assets was 0.56%, which compares favorably to our industry and peer group of financial institutions. In addition, these reported levels continue to be well-below historic levels. Further highlighting the overall strength of our loan portfolio, our Company had net loans charged off (excluding overdrafts) of ($282,000) for 2025, which annualized is (0.06%) of average loans and is in-line with the previous year. Considering some of the economic uncertainty and macroeconomic trends in the current year--- along with the growth in our gross loans--- our Company had a provision for credit loss expense this past year of $674,000, which is an increase of $375,000 year-over-year. This increase in our provision for credit loss expense led to a decrease in our Company's diluted earnings per share of approximately ($0.054) in 2025." Greenwood concluded, "Even considering our growing gross loan totals... with the increased provision for credit losses this year and continued solid credit quality-related metrics as of the most recently ended quarter... our Company had a total allowance for credit losses to total loans of 0.87%, which is a five (5) basis point increase over the previous year, and our total allowance for credit losses to nonaccrual loans was 188% as of December 31, 2025. Overall, we firmly believe that we are presently well reserved with strong coverage. Also, our Company remains very well capitalized by regulatory standards with regulatory capital (stockholders' equity plus accumulated other comprehensive loss (AOCI)) of $75.9 million, or 8.9% of average assets, at the end of this past year." Scott A. Everson, Chairman, President and CEO stated, "Considering that the uncertainty within our economy remains elevated due to the new trade policy implemented by our current administration this past year and concerns relating to both the inflation and employment picture at present --- our Company performed in an admirable fashion in 2025. We were happy to see the growth trends that we achieved over the course of the year in both our total deposits and earning assets and are pleased with the current quality of the credit related metrics of our loan portfolio that remain relatively stable and low by historic standards. With the stronger demand for our loan products that we are currently experiencing--- especially, in the relationship-driven, small-business oriented commercial portfolio, which accounts for approximately eighty percent (81%) of our total loans--- we can continue our focus of attracting more deposits to fund this increased loan demand, which will help our Company's positive pursuit of achieving its goal of growing total assets to a level of $1.0 billion or greater! As we invest in the infrastructure of our Company, we have a lot of positive operating leverage and scale is definitely our friend. We anticipate that this envisioned growth of our Company's balance sheet should lead to increasing revenue generation and profitability in 2026." Everson continued, "Under our Company's guiding principles and vision, United Bancorp, Inc. (UBCP) has had a goal to grow its asset-base to a level of $1.0 billion (and, beyond) for the past several years. With all of the economic uncertainty and challenges within the past few years with which we have been confronted, our Company adopted a more defensive posture... which sacrificed growth for the sake of maintaining sound performance with a more conservative balance sheet management approach. Beginning in 2024, we began to adopt a more offensive-oriented posture with a focus, once again, on driving the growth of the balance sheet of our Company, which we believe will lead to higher levels of earnings and profitability and ensure our long-term relevance. Several new initiatives which we have previously announced--- and, which we have either already begun or are in the process of implementing--- are key to driving this envisioned growth. A major initiative that our Company undertook was the development and construction of a new regional banking center in the desirable market of Wheeling, West Virginia. We were excited to finally open this modern banking facility and hold our grand opening on December 9, 2025... introducing the Unified Way directly to the Wheeling-market. Even prior to the "official" opening of this new banking center, some of the recent growth within our loan and depository portfolios was directly attributed to this office through the efforts of the business development team that we already had in place for this location in anticipation of its opening. We firmly believe that within five years, this new banking center will be a top performer for UBCP!" Everson further stated, "Another exciting initiative that we established within the last two years--- and more fully developed over the course of the past year by hiring more production staff--- is our Unified Mortgage Division. Once again, last year, this newer division helped our Company produce higher levels of fee income and, as we continue to scale this function more fully, we believe it will only become more lucrative for us. We have also become more focused on developing our Treasury Management function, which focusses on helping our small business customers with cash management, merchant services and payments. Not only does this developing department within our Company help generate higher levels of fee income, it also is key to helping us grow our no or low-cost deposit base... both of which lead to increased profitability. Also, over the course of the past year, UBCP has made a tremendous investment in the area of technology as we focus on digital transformation and omni-channel delivery, which will ensure that we meet the changing needs of our customer base and attract new customers to our Company. We are also in the process of implementing an artificial intelligence (AI) solution, which will help us better serve our customers by more effectively and efficiently responding to and answering customer inquiries on their terms and guiding them to the best financial solutions that better meet their current and changing needs. Lastly, we acquired a property in St. Clairsville, Ohio, which will be known as the Unified Center, that will house the Accounting, Technology and Customer Support functions of our Company. As UBCP has grown and evolved over the course of the past several years (and, as we continue to do so), we have had a need for a facility such as this. I am most excited about the Customer Support function that we are developing at the Unified Center, which will centralize the service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to our valued customers. In addition, it will have a sales-oriented function, which is anticipated to lead to additional business for our Company (with the help of our AI-solution) by routing inbound inquiries from any banking channel to skilled sales professionals. This process will focus on the attraction and expansion of relationships through more effective on-boarding and cross-selling practices, which will lead to the sale of additional products and services to both our existing and newly prospected customers through this much more efficient and effective delivery channel. The renovation of the Unified Center should be completed by the end of the first quarter of 2026 and we will be ready to begin launching our new and exciting customer-centric solutions later on in this new year." Everson continued, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing their value and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In 2025, we, once again, paid both our regular cash dividends and a special dividend to our valued shareholders. With these payouts, the regular cash dividends this past year increased by $0.04 from the previous year to a level of $0.7450, an increase of 5.7%. The special cash dividend paid out in the first quarter of 2025 was $0.175, which was an increase of $0.025, or 16.7%, over the payout the previous year. Overall, in the year-ended December 31, 2025, United Bancorp, Inc. (UBCP) paid total cash dividends to its shareholders in the amount of $0.92, a year-over-year increase of $0.065, or 7.6%, which produces a near-industry leading total dividend yield of 6.4%. This total dividend yield is based on our total cash dividends paid in 2025 divided by our year-end fair market value of $14.35. On a year-over-year basis, the fair market value of our Company's stock favorably increased by $1.35, or 10.4%, and our market price to tangible book value was 121%, which compares favorably to current industry standards." Everson concluded, "Considering that we continue to operate in a challenging economic and a highly competitive industry-related environment, we are very pleased with the current performance of and future prospects for our Company. Even with these challenges, we are very optimistic about the future growth and earnings potential for United Bancorp, Inc. (UBCP). Over the course of the past few years, our Company has become a more fundamentally sound organization with a focus on evolving and growing in order to achieve greater efficiencies and scales and generate higher levels of revenue--- while prudently managing expenses and controlling overall costs. We have and continue to invest in areas that will lead to our continued and future relevancy within our industry. Although such initiatives can stress the short-term performance of our Company, we firmly believe that they will help us fulfill our intermediate and longer-term goals and produce above industry earnings and performance. As previously mentioned, we still have a vision of prudently and profitably growing UBCP to an asset threshold of $1.0 billion, or greater, in the near term. We are truly excited about our Company's direction and the potential that it brings. With an unwavering focus on continual process improvement, product development and enhanced delivery, we firmly believe the future for our Company is very bright." As of December 31, 2025, United Bancorp, Inc. has total assets of $857.4 million and total shareholders' equity of $70.5 million. Through its single bank charter, Unified Bank, the Company currently has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Ohio and Marshall Counties in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise. United Bancorp, Inc, "UBCP" SOURCE: United Bancorp, Inc. (Ohio) View the original press release on ACCESS Newswire

Shares of United Bancorp, Inc. UBCP have gained 4.3% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares favorably with the S&P 500 index’s 0.5% growth over the same period. However, over the past month, UBCP has underperformed, declining 2.9% against the S&P 500’s 3.2% gain. United Bancorp posted a third-quarter 2025 earnings per share of 34 cents, which rose 9.7% year over year. Net interest income rose 9.6% to $6.7 million, driven by a 7% increase in total interest income, which totaled $10.6 million. Total noninterest income increased 10.9% to $1.4 million, while noninterest expenses climbed 8.2% to $6 million. These results produced an 8.9% increase in pre-tax earnings. Net income of $1.9 million reflected a 6.1% increase from the same quarter in 2024. United Bancorp, Inc. price-consensus-eps-surprise-chart | United Bancorp, Inc. Quote Net interest margin rose 16 basis points to 3.66%, supported by a 5% increase in total assets to $866.8 million. Gross loans advanced 4.5% year over year to $496.5 million and cash held at the Federal Reserve climbed 20.6% to $45.6 million. The company also deployed $21 million in excess reserves into municipal securities, achieving a taxable equivalent yield of 6.1%, positioning itself to benefit further if interest rates decline. On the funding side, total deposits increased 4.8% to $645.2 million. Notably, noninterest-bearing demand deposits rose 8.5% to $156.3 million. However, the mix shifted slightly toward higher-cost time deposits, leading to a 2.7% year-over-year increase in interest expense for the quarter. Despite this, interest expense as a percentage of average assets only rose three basis points to 1.80%, a level management believes will improve over time due to anticipated declines in funding costs. CFO Randall M. Greenwood acknowledged the macroeconomic uncertainty driven by new trade policies and a government shutdown in October. Still, he emphasized that United Bancorp has delivered a stable financial performance despite the broader volatility. Greenwood highlighted the positive trends in net interest income and margin expansion, attributing much of the improvement to prudent asset deployment and the favorable repricing of existing loans. CEO Scott A. Everson reinforced the company’s focus on expanding its balance sheet to exceed $1 billion in assets. He noted that strong demand in the small-business segment — especially within the commercial loan portfolio that comprises around 80% of total loans — presents a compelling opportunity to scale profitably. Everson expressed optimism that continued infrastructure investments would deliver operating leverage and drive long-term earnings growth. The primary contributors to earnings growth were higher loan yields and an expanding loan book. Interest income on loans increased 7.6% in the quarter, while loan fees declined 4.4%. Meanwhile, credit quality remained stable. Nonperforming assets accounted for 0.66% of total assets, and net charge-offs were minimal at -0.04% of average loans, similar to prior-year levels. However, the company more than doubled its provision for credit losses on loans, rising to $0.2 million for the quarter from $0.07 million in the prior year. This increase, though partially dilutive to EPS, reflects the company’s more proactive credit risk management in light of economic uncertainties. Despite the increase, the allowance for credit losses to total loans improved to 0.87%, with coverage of nonaccrual loans at 177%, up from the prior year’s 0.84% and 1053%, respectively. The company laid out several growth initiatives expected to boost future performance. Management highlighted the pending opening of a new regional banking center in Wheeling, WV, which has already contributed to deposit and loan growth through pre-opening business development efforts. Additionally, the Unified Mortgage Division and newly developed Treasury Management services are expected to generate higher fee income and support deposit growth by enhancing client relationships. United Bancorp also emphasized its continued investment in digital transformation, including a new artificial intelligence platform aimed at improving customer support and cross-selling opportunities. Management anticipates these developments will create a more scalable and efficient banking model, helping the company achieve higher profitability and customer satisfaction in future periods. United Bancorp continued executing on its strategic infrastructure plan during the quarter. The company is finalizing renovations for the new Unified Center in St. Clairsville, OH, which will centralize key functions such as Accounting, IT and Customer Support. This facility is expected to be fully operational by the first quarter of 2026 and play a central role in enhancing customer experience and internal efficiencies. Additionally, the company reiterated its commitment to shareholder returns. United Bancorp increased its regular cash dividend 5.7% year over year to 55.5 cents and its special dividend by 16.7% to 17.5 cents, bringing the total dividend payout to 73 cents for the first nine months of 2025, an 8.2% increase over the same period last year. This payout results in a forward dividend yield of 6.6%, which management describes as “near-industry leading.” Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Bancorp, Inc. (UBCP): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARTINS FERRY, OH / ACCESS Newswire / November 6, 2025 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.34 and net income of $1,931,000 for the three months ended September 30, 2025. For the first nine months of the current year, UBCP reported diluted earnings per share of $0.99 and net income of $5,717,000. Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are happy to report on the increased earnings for the third quarter ended September 30, 2025 and, also, the increased earnings and overall solid performance achieved by United Bancorp, Inc. (UBCP) for the first nine months of 2025. For the quarter, our Company produced net income and diluted earnings per share of $1,931,000 and $0.34, which are respective increases of $111,000, or 6.1%, and $0.03, or 9.7%, over the results achieved for each metric in the third quarter of the previous year. In addition, and on a linked-quarter basis, our Company's net income and diluted earnings per share results also respectively increased by $17,000, or 0.9%, and $0.01 or 3.0%. For the first nine months of 2025, UBCP produced net income of $5,717,000, an increase of $165,000, or 3.0%, and diluted earnings per share of $0.99, which is an increase of $0.04, or 4.2%, which were both respective increases over the levels achieved the previous year. Considering, over the course of the past twelve months, we have undertaken several transformative projects that have added to our noninterest expense levels, such as: the construction of our new Wheeling Banking Center, the development and scaling out of both Unified Mortgage and our Treasury Management Programs, the investment in new technology and digital transformation and the acquisition of a property in St. Clairsville, Ohio that will become our Unified Center--- which will house our Accounting, Information Technology and Customer Sales and Service Functions--- we are very happy with the present performance of our Company. With our unwavering focus on growing our Company through investing in its infrastructure, product development and delivery, we strongly believe that these current undertakings… which are dilutive to current financial performance… will provide a pathway to future growth and lead to increasingly higher performance over the course of the next twelve to twenty-four months, and help us to maintain our overall relevance for many years to come." Greenwood further remarked, "As we all know, the economic environment in which we are operating is posing challenges for all businesses with the present high degree of uncertainty that permeates our national and world economies as a result of the tariffs that were announced earlier this year under the new administration and which are in the process of being fully negotiated and enacted. This new trade policy--- coupled with a perceived slowing of employment and lingering inflation--- has led many of us to question the future direction of our economy and what impact it will have on the businesses that operate therein, including our Company. Even though we have dealt with changing and somewhat volatile fiscal and monetary policy over the course of the past couple of years, this new economic reality relating to trade policy has only been cast upon us within the past several months and the uncertainty relating thereto is still high. In addition--- and, to further add to the uncertainty that permeates our present economy--- our federal government shutdown on October 1, 2025 after Congress failed to pass funding legislation to support its ongoing operation. Thus far, our Company has responded in a positive fashion to this new and continuing economic uncertainty with which we have been confronted on both a year-to-date and year-over-year basis. For the first nine months of 2025 compared to the same nine-month period the previous year, the net interest income that our Company realized increased by $1,116,000, or 6.0%, and our net interest margin improved by sixteen (16) basis points to 3.66% from 3.50%. Of note and evidencing an expansionary trend, on a year-over-year basis for the most recently ended quarter--- the increase in our Company's net interest income accelerated above the year-to-date level by increasing by $591,000, or 9.6%. We are optimistic that we can continue this current increasing and expansionary trend for both our total interest income and net interest margin for the remainder of this year." Greenwood continued, "The primary driver of our Company's growing level of net interest income and the expansion of its net interest margin is the growth trend we have experienced this year in our total assets, which increased on a year-over-year basis by $41.3 million, or 5.0%, to a level of $866.8 million as of September 30, 2025. This growth in total assets is primarily attributed to gross loans increasing by $21.5 million, or 4.5%, to a level of $496.5 million and cash and due from the Federal Reserve Bank increasing by $7.8 million, or 20.6%, to a level of $45.6 million as of the most recently ended quarter. In addition, during the third quarter of the current year, we took advantage of heightened yield opportunities presented in the market by investing approximately $21.0 million of our excess reserves held at the Federal Reserve Bank into municipal securities with an average taxable equivalent yield (TEY) of 6.1%. These newly purchased securities should help boost the level of interest income that we generate in future periods and further contribute to the corresponding expansion of both our net interest income and net interest margin… especially, if the Federal Open Market Committee (FOMC) continues to lower short term rates as it did toward the end of the third quarter. Interestingly, a significant portion of the municipal securities that we hold in our investment portfolio have extended call protection, which should benefit our Company in a falling rate environment. Also, of interest, we continue to see the average yield of our overall loan portfolio increase as many of our loans originated over the course of the past five years are repricing in the current interest rate environment; wherein, current loan rates are considerably higher than the initial rates at which these loans were originated. With our present liquidity level at the Federal Reserve, we will have a sharp focus on continuing to grow our loans outstanding as we enter the fourth quarter of the current year. This anticipated growth in our Company's gross loans, along with the continued repricing of our loan portfolio in a higher-rate environment, should contribute to our Company continuing to generate higher levels of interest income on loans and loan related fees, which should positively contribute to the aforementioned projection of higher levels of net interest income being realized for the remainder of the year." Greenwood further noted, "Looking at the interest expense side of the net interest margin, our Company's total interest expense did respectively increase on both a quarterly and year-to-date basis by $101,000, or 2.7%, and $330,000 or 3.0%. This modest increase in our Company's total interest expense was primarily driven by a year-over-year increase in our total deposits of $29.4 million, or 4.8%, to a level of $645.2 million and a shift in our Company's depository mix with a decrease in our lower-cost funding (consisting of demand and savings balances) and an increase in our higher-cost term funding (consisting of time deposits). This trend has recently begun to shift somewhat during the course of the most recently ended quarter as our Company experienced an increase in noninterest bearing demand balances. Year-over-year and as of September 30, 2025, noninterest bearing demand balances increased by $12.3 million, or 8.5%, to a level of $156.3 million. Overall, year-over-year, our Company saw its interest expense to average assets increase by three (3) basis points to a level of 1.80%. In the present environment in which we operate, we do anticipate that we will be able to start to see a decline in our total interest expense levels, which should further contribute to net interest income expansion and margin accretion during the current year." Lastly, Greenwood stated, "Even with many of our borrowers experiencing rate resets to levels that may be double their previous rates on their loans in this higher-rate environment and with the economic uncertainty that continues, we have successfully maintained credit-related strength and stability within our loan portfolio. As of September 30, 2025, our Company's total nonaccrual loans and loans past due 30 plus days were $3.1 million, which is 0.63% of gross loans. At the end of the most recent quarter, our Company's nonperforming assets to total assets was 0.66%, which compares favorably to our industry and peer group of financial institutions. In addition, these reported levels continue to be well-below historic levels. Further highlighting the overall strength of our loan portfolio, our Company had net loans charged off (excluding overdrafts) of ($137,000) for the first nine months of this year, which annualized is (0.04%) of average loans and is in-line with the previous year. Considering some of the economic uncertainty and macroeconomic trends in the current year--- along with the growth in our gross loans--- our Company had a provision for credit loss expense for the first nine months of the current year of $488,000 for the quarter ended September 30, 2025, which is an increase of $314,000 year-over-year. This increase in our provision for credit loss expense led to a decrease in our Company's diluted earnings per share of approximately ($0.045) in the current year." Greenwood concluded, "Even considering our growing gross loan totals… with the increased provision for credit losses this year and continued solid credit quality-related metrics as of the most recently ended quarter, our Company had a total allowance for credit losses to total loans of 0.87%, which is a three (3) basis point increase over the previous year (and, on a linked quarter basis), and our total allowance for credit losses to nonaccrual loans was 177% as of September 30, 2025. Overall, we firmly believe that we are presently well reserved with strong coverage. Also, our Company remains very well capitalized by regulatory standards with regulatory capital (stockholders' equity plus accumulated other comprehensive loss (AOCI)) of $75.1 million, or 8.9% of average assets as of September 30, 2025." Scott A. Everson, Chairman, President and CEO stated, "Considering that the uncertainty relating to our country's present economic outlook remains elevated due to our current administration's trade policy implemented within the past several months--- coupled with the potentially restrictive monetary policy position of the Federal Open Market Committee's (FOMC) under which we presently operate--- our Company has performed in an admirable fashion over the course of the first nine months of 2025. We are happy to see the growth trends that we have experienced during the first three quarters of the current year in both our total deposits and gross loans and the current quality of the credit related metrics of our loan portfolio that remain relatively stable and low by historic standards. With the stronger demand for our loan products that we are currently experiencing--- especially, in the relationship-driven, small-business oriented commercial portfolio, which accounts for approximately eighty percent (80%) of our total loans--- we can continue our focus of attracting more deposits to fund this increased loan demand, which will help our Company's positive pursuit of achieving its goal of growing total assets to a level of $1.0 billion or greater! As we invest in the infrastructure of our Company, we have a lot of positive operating leverage and scale is definitely our friend. We anticipate that this envisioned growth of our Company's balance sheet should lead to increasing revenue generation and profitability in future periods." Everson continued, "Under our Company's guiding principles and vision, United Bancorp, Inc. (UBCP) has had a goal to grow its asset-base to a level of $1.0 billion (and, beyond) for the past several years. With all of the economic uncertainty and challenges within the past few years with which we have been confronted, our Company adopted a more defensive posture… which sacrificed growth for the sake of maintaining sound performance with a more conservative balance sheet management approach. Beginning in 2024, we began to adopt a more offensive-oriented posture with a focus, once again, on driving the growth of the balance sheet of our Company, which we believe will lead to higher levels of earnings and profitability and ensure our long-term relevance. Several new initiatives which we have previously announced--- and, which we have either already begun or are in the process implementing--- are key to driving this envisioned growth. A major initiative that our Company has undertaken is the development and construction of a new regional banking center in the desirable market of Wheeling, West Virginia. We are excited by the progress that has been made on this highly-promising banking center, which is scheduled to open within the next few weeks. Even though this banking center has not yet opened, some of the recent growth within our loan and depository portfolios is directly attributed to this office through the efforts of the business development team that we already have in place for this location. We firmly believe that within five years, this new banking center will be a top performer for UBCP!" Everson further stated, "Another exciting initiative that we have undertaken (and, more fully developed over the course of the past year) is our new Unified Mortgage Division. Last year, this new division helped our Company produce higher levels of fee income and we believe that as we scale this function more fully, it will only become more lucrative for us. We have also become more focused on developing our Treasury Management function, which focusses on helping our small business customers with cash management, merchant services and payments. Not only does this developing department within our Company help generate higher levels of fee income, it also is key to helping us grow our no or low-cost deposit base… both of which lead to increased profitability. Also, over the course of the past year, UBCP has made a tremendous investment in the area of technology as we focus on digital transformation and omni-channel delivery, which will ensure that we meet the changing needs of our customer base and attract new customers to our Company. We are also in the process of implementing an artificial intelligence (AI) solution, which will help us better serve our customers by more effectively and efficiently responding to and answering customer inquiries on their terms and guiding them to the best financial solutions that better meet their current and changing needs. Lastly, we acquired a property in St. Clairsville, Ohio, which will be known as the Unified Center, that will house the Accounting, Technology and Customer Support functions of our Company. As UBCP has grown and evolved over the course of the past several years (and, as we continue to do so), we have had a need for a facility such as this. I am most excited about the Customer Support function that we are developing at the Unified Center, which will centralize the service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to our valued customers. In addition, it will have a sales-oriented function, which is anticipated to lead to additional business for our Company (with the help of our AI-solution) by routing inbound inquiries from any banking channel to skilled sales professionals. This process will focus on the attraction and expansion of relationships through more effective on-boarding and cross-selling practices, which will lead to the sale of additional products and services to both our existing and newly prospected customers through this much more efficient and effective delivery channel. The renovation of the Unified Center should be completed by year-end and we will be ready to launch our new and exciting customer-centric solutions in the first quarter of next year." Everson continued, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing their value and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In the first three quarters of the current year, we, once again, paid both our regular cash dividend and a special dividend to our valued shareholders. With these payouts, the regular cash dividend increased by $0.03 from the previous year to a level of $0.555, an increase of 5.7%. The special cash dividend paid out in the first quarter of this year was $0.175, which was an increase of $0.025, or 16.7%, over the payout the previous year. In the current year, United Bancorp, Inc. (UBCP) has paid total cash dividends to its shareholders in the amount of $0.73, an increase of $0.055, or 8.2%, over the amount paid in the first nine months of 2024, which produces a near-industry leading total dividend yield of 6.6%. This total dividend yield is based on our third quarter cash dividend on a forward basis, plus the special dividend (which combined total $0.925) and our quarter-end fair market value of $13.98. On a year-over-year basis as of September 30, 2025, the fair market value of our Company's stock favorably increased by $0.85, or 6.5%, and our market price to tangible book value was 127%, which compares favorably to current industry standards." Everson concluded, "Considering that we continue to operate in a challenging economic and a highly competitive industry-related environment, we are very pleased with our current performance and future prospects. Even with these present threats to which we are exposed, we are very optimistic about the future growth and earnings potential for United Bancorp, Inc. (UBCP). We firmly believe that with the challenges that our industry has experienced over the course of the past few years, our Company has evolved into a more fundamentally sound organization with a focus on evolving and growing in order to achieve greater efficiencies and scales and generate higher levels of revenue--- while prudently managing expenses and controlling overall costs. We have and continue to invest in areas that will lead to our continued and future relevancy within our industry. Although such initiatives can stress the short-term performance of our Company, we firmly believe that they will help us fulfill our intermediate and longer-term goals and produce above industry earnings and performance. As previously mentioned, we still have a vision of prudently and profitably growing UBCP to an asset threshold of $1.0 billion, or greater, in the near term. We are truly excited about our Company's direction and the potential that it brings. With an unwavering focus on continual process improvement, product development and enhanced delivery, we firmly believe the future for our Company is very bright." As of September 30, 2025, United Bancorp, Inc. has total assets of $866.8 million and total shareholders' equity of $66.5 million. Through its single bank charter, Unified Bank, the Company currently has eighteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Marshall County in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise. Contacts: United Bancorp, Inc. ("UBCP") SOURCE: United Bancorp, Inc. (Ohio) View the original press release on ACCESS Newswire