United Bancorp Inc. Reports Q1 2025 Net Income Decrease of 6.1% and EPS Drop of 8.6% Despite Revenue Growth

Reuters
05-12
United Bancorp Inc. Reports Q1 2025 Net Income Decrease of 6.1% and EPS Drop of 8.6% Despite Revenue Growth

United Bancorp, Inc. $(UBCP)$ reported its financial results for the first quarter ended March 31, 2025. The company achieved net income of $1.872 million and diluted earnings per share of $0.32. These figures represent respective decreases of $121,000, or 6.1%, and $0.03, or 8.6%, compared to the first quarter of the previous year. However, on a linked-quarter basis, net income and earnings per share increased by $23,000 and $0.01, respectively. Interest income on loans rose to $7.104 million, a 7.26% increase from $6.624 million in the same quarter of the previous year, reflecting a positive trend in the company's lending operations. The results also included a net realized gain on the sale of available-for-sale securities, which contributed approximately $113,000 to net income and $0.02 to diluted earnings per share. During the past twelve months, United Bancorp has undertaken several transformative projects, including the construction of a new Wheeling Banking Center and the development and expansion of Unified operations, which have contributed to increased noninterest expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-047116), on May 12, 2025, and is solely responsible for the information contained therein.

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