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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.