Business
United Bancorp, Inc. Reports 2026 First Quarter Earnings Performance
MARTINS FERRY, OH / ACCESS Newswire / May 7, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.33 and net income of $1,911,000 for the three months ended March 31, 2026. Randall M. Greenwood, Senior Vice President, ...
About this update from United Bancorp, Inc.
[{"type":"text","content":"MARTINS FERRY, OH / ACCESS Newswire / May 7, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.33 and net income of $1,911,000 for the three months ended March 31, 2026.","length":203,"tagName":"p"},{"type":"text","content":"Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are happy to report on the earnings performance of United Bancorp, Inc. (UBCP) for the first quarter ended March 31, 2026. For the quarter, our Company achieved solid net income and diluted earnings per share results of $1,911,000 and $0.33, which were respective increases of $39,000, or 2.1%, and $0.01, or 3.1%, over the results achieved for each metric during the first quarter of last year. We are very pleased that our first quarter results are higher than those achieved for the same period of time in 2025 considering that... as we have previously mentioned... our Company is focused on the future and has undertaken several transformative projects that have created additional expense for UBCP and are somewhat dilutive to earnings at present. In addition, even though there has been a tremendous level of uncertainty permeating our economy in recent years... that level has increased in the most recent quarter with a new realm of uncertainty created by geopolitical concerns that escalated over the course of the first quarter of this year. Regardless, we are satisfied with our increasing earnings and content with how our investment in our infrastructure and growth is developing in accordance with our visions and projections. We firmly believe that over the course of the next twelve to twenty-four months, we will see a very nice return on these investments in our Company's infrastructure, which should lead to higher levels of earnings and help ensure the relevancy of UBCP for many years to come."","length":1607,"tagName":"p"},{"type":"text","content":"Greenwood further remarked, "Many thought that the economic uncertainty with which our country has been dealing for the past several years was finally going to be in the rear-view mirror in 2026. Even though inflation had stagnated at a level a little bit higher than the Federal Open Market Committee (FOMC) of the Federal Reserve Bank liked, it was getting closer to their established target of two percent. In addition, they were mostly sa...