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Stock impact report

United Bancorp, Inc. Reports 2024 First Quarter Earnings Performance [Yahoo! Finance]

United Bancorp, Inc. (UBCP) 
US:NASDAQ Investor Relations: unitedbancorp.com
Company Research Source: Yahoo! Finance
This compares to diluted earnings per share of $0.33 and net income of $1,888,000 reported in the first quarter of the previous year. Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are pleased to report on the earnings performance of United Bancorp, Inc. (UBCP) for the first quarter ended March 31, 2024. For the quarter, our Company achieved solid net income and diluted earnings per share results of $1,993,000 and $0.35, which were respective increases of $105,000, or 5.6%, and $0.02, or 6.1%, over the results achieved during the first quarter of last year. As we started the current year, the interest rate forecast by most economists and the financial markets indicated that we could expect seven rate cuts this year, which, overall, was projected to be favorable for our industry. As we progressed through and ended the first quarter, it became apparent that interest rates will be higher for longer, with potentially only two rate cuts this year--- now fore Show less Read more
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