United Bancorp Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 31, 2019 at 04:00 pm
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United Bancorp Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net income was USD 591,636 compared to USD 779,844 a year ago. Basic earnings per share was USD 0.1 compared to USD 0.16 a year ago. For the full year, net income was USD 4.282 million compared to USD 3.546 million a year ago. Basic earnings per share was USD 0.82 compared to USD 0.72 a year ago. Diluted earnings per share was USD 0.79 compared to USD 0.71 a year ago.
United Bancorp, Inc. is a bank holding company. The Company has one wholly owned subsidiary bank, Unified Bank, Martins Ferry, Ohio (the Bank). The Bank serves customers in northeastern, eastern, southeastern and south-central Ohio and the Northern panhandle of West Virginia and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The bank also operates in Marshall County West Virginia. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank's loan portfolio includes commercial loans, commercial real estate loans, residential real estate loans and installment loans. The Bank conducts its business through its main office and standalone operations center in Martins Ferry, Ohio and about 18 branches located in the counties.
UNITED BANCORP, INC. 
