United Bancorp (UBCP) Reports Q2 EPS of $0.22

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Go back to United Bancorp (UBCP) Reports Q2 EPS of $0.22

United Bancorp, Inc. Reports an Increase in Net Income of 34% for the Six Months Ended June 30, 2018; Diluted Earnings per Share of $0.44 versus $0.35 Reported in 2017, and a Forward Dividend Yield of

July 23, 2018 11:00 AM EDT

MARTINS FERRY, Ohio, July 23, 2018 /PRNewswire/ -- United Bancorp, Inc. (NASDAQ: UBCP), headquartered in Martins Ferry, Ohio, reported diluted earnings per share of $0.44 and net income of $2,360,000 for the six months ended June 30, 2018, as compared to $0.35 and $1,766,000, respectively, for 2017.  The Company's diluted earnings per share for the three months ended June 30, 2018 was $0.22 as compared to $0.18 to the same period in 2017. These year-over-year improvements in UBCP's earnings are directly related to the lower base corporate tax rate resulting from the passage of the Tax Cuts and Jobs Act ("tax act") in the fourth... More