United Bancorp (UBCP) Reports Q1 EPS of $0.17

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Go back to United Bancorp (UBCP) Reports Q1 EPS of $0.17

United Bancorp, Inc. Reports a 21% Increase in Diluted Earnings per Share, a Forward Dividend Yield of 4.41% and an 8.7% Increase in Net Interest Income for the Quarter Ended March 31, 2016

April 28, 2016 10:00 AM EDT

MARTINS FERRY, Ohio, April 28, 2016 /PRNewswire/ -- United Bancorp, Inc. (NASDAQ: UBCP), headquartered in Martins Ferry, Ohio reported diluted earnings per share of $0.17 for the quarter ended March 31, 2016, as compared to $0.14 for the quarter ended March 31, 2015, an increase of 21%.  This growth in earnings can be attributed to several factors that are explained below in detail. The most significant factor driving this growth in earnings is a $286,000, or 8.7%, increase in net interest income for the quarter ended March 31, 2016, as compared to the same quarter in 2015.

Randall M. Greenwood, Senior Vice... More