United Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 11:04 am EST
Share
United Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was USD 5.61 million compared to USD 5.74 million a year ago. Net income was USD 2.9 million compared to USD 2.06 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.36 a year ago.
For the nine months, net interest income was USD 16.48 million compared to USD 16.9 million a year ago. Net income was USD 7 million compared to USD 5.31 million a year ago. Basic earnings per share from continuing operations was USD 1.21 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 1.21 compared to USD 0.93 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.