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Stock impact report

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 Divid...

United Bancorp, Inc. (UBCP) 
US:NASDAQ Investor Relations: unitedbancorp.com
Company Research Source: PR Newswire
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 quarter of 2017 and the benefit of operational improvements on which the company is starting to see a positive return.  Each of these realities should significantly benefit the company in future periods.  Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "We are excited to report on the solid performance that our C Show less Read more
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