Financial Performance - Net income for the three months ended September 30, 2025, was $1,931 thousand, up 6.1% from $1,820 thousand in the same period of 2024[10] - Basic earnings per share for the three months ended September 30, 2025, was $0.34, compared to $0.31 for the same period in 2024, reflecting a growth of 9.7%[10] - Net income for the nine months ended September 30, 2025, was $5,717,000, compared to $5,553,000 for the same period in 2024, reflecting a growth of 2.96%[17] - Comprehensive income for the three months ended September 30, 2025, was $7,841 thousand, compared to $5,881 thousand in the same period of 2024, representing a 33.3% increase[12] - For Q3 2025, United Bancorp reported net income of $1,931,000, a 6.1% increase from Q3 2024, and diluted earnings per share of $0.34, up 9.7% year-over-year[147][148] - For the first nine months of 2025, net income reached $5,717,000, reflecting a 3.0% increase compared to the same period in 2024, with diluted earnings per share of $0.99, up 4.2%[147][148] Asset Growth - Total assets increased to $866,756 thousand as of September 30, 2025, up from $816,656 thousand at December 31, 2024, representing a growth of 6.4%[7] - Total assets as of September 30, 2025, were $866.8 million, with total shareholders' equity of $66.5 million[157] - Total cash and cash equivalents at the end of the period increased to $45,652,000 in 2025 from $37,778,000 in 2024, marking a growth of 20.88%[17] - Cash and due from the Federal Reserve Bank increased by $7.8 million, or 20.6%, to $45.6 million[150] Deposits and Loans - Total deposits rose to $645,193 thousand as of September 30, 2025, compared to $613,494 thousand at December 31, 2024, marking a 5.2% increase[7] - The net change in deposits was $31,699,000 for the nine months ended September 30, 2025, compared to a decrease of $5,640,000 in 2024[17] - Total gross loans increased to $496.5 million as of September 30, 2025, from $491.0 million at December 31, 2024, marking a 0.1% growth[64] - Commercial and commercial real estate loans comprised 80.2% of total loans, with an increase of $8.0 million or approximately 2.0% since December 31, 2024[166] Income and Expenses - Net interest income for the three months ended September 30, 2025, was $6,729 thousand, an increase of 9.6% compared to $6,139 thousand for the same period in 2024[10] - Noninterest income for the nine months ended September 30, 2025, totaled $4,019 thousand, an increase of 23.0% from $3,265 thousand in the same period of 2024[10] - Noninterest expenses rose by $451,000 or 8.2% year-over-year, attributed to staffing for the new Wheeling Banking Center and merit increases[179] - Total interest income for Q3 2025 was $10,635,000, an increase from $9,944,000 in Q3 2024, while total interest expense rose to $3,906,000 from $3,805,000[144] Credit Losses and Provisions - The provision for credit loss expense for loans was $186 thousand for the three months ended September 30, 2025, compared to $69 thousand in the same period of 2024, indicating a significant increase in credit loss provisions[10] - The provision for credit loss expense increased to $488,000 in 2025 from $174,000 in 2024, indicating a rise of 179.31%[17] - The total allowance for credit losses to total loans was 0.87%, a three basis point increase from the previous year[152] Shareholder Returns - Dividends per share increased to $0.1875 for the three months ended September 30, 2025, compared to $0.1775 for the same period in 2024, reflecting a growth of 8.5%[10] - The regular cash dividend increased by $0.03 to $0.555, a 5.7% increase from the previous year[155] - The total cash dividends paid to shareholders in the first nine months of 2025 amounted to $0.73, an increase of $0.055 or 8.2% year-over-year[155] Securities and Investments - The company purchased available-for-sale securities totaling $20,608,000 in 2025, down from $44,911,000 in 2024, a decrease of 54.1%[17] - The total amortized cost of available-for-sale securities as of September 30, 2025, was $263.940 million, with a fair value of $253.726 million, reflecting unrealized losses of $11.071 million[53] - The net unrealized loss on available-for-sale securities was $10,214,000 as of September 30, 2025[102] Nonperforming Loans - As of September 30, 2025, total nonaccrual loans and loans past due 30 plus days were $3.1 million, representing 0.63% of gross loans[152] - Nonperforming loans totaled $2,451,000, with $2,437,000 in nonaccrual status and $14,000 still accruing interest[92] - The total current period gross charge-offs for consumer loans amounted to $133,000[78] Capital and Equity - Total stockholders' equity increased to $66,470 thousand as of September 30, 2025, from $63,457 thousand at December 31, 2024, a rise of 4.7%[7] - The common equity tier 1 capital ratio was reported at 12.60%, indicating strong capital adequacy in compliance with regulatory requirements[189]

Shares of United Bancorp, Inc. (UBCP) have gained 4.3% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares favorably with the S&P 500 index’s 0.5% growth over the same period. However, over the past month, UBCP has underperformed, declining 2.9% against the S&P 500’s 3.2% gain.United Bancorp posted a third-quarter 2025 earnings per share of 34 cents, which rose 9.7% year over year. Net interest income rose 9.6% to $6.7 million, driven by a 7% increase in total interes ...

EXHIBIT 99 PRESS RELEASE Chairman, President and CEO Senior Vice President, CFO and Treasurer ceo@unitedbancorp.com cfo@unitedbancorp.com United Bancorp, Inc. 201 South 4th at Hickory Street, Martins Ferry, OH 43935 Contacts: Scott A. Everson Randall M. Greenwood (740) 633-0445, ext. 6154 (740) 633-0445, ext. 6181 FOR IMMEDIATE RELEASE: 11:00 a.m. November 6, 2025 Greenwood further noted, "Looking at the interest expense side of the net interest margin, our Company's total interest expense did respectively ...

Core Insights - United Bancorp, Inc. reported diluted earnings per share of $0.34 for the three months ended September 30, 2025 [1] - The net income for the same period was $1,931,000 [1] - For the first nine months of 2025, the company reported diluted earnings per share of $0.99 and net income of $5,717,000 [1]

Financial Performance - Net income for the three months ended June 30, 2025, was $1,914 thousand, up 10.1% from $1,739 thousand in the same period of 2024[10]. - Basic earnings per share for the three months ended June 30, 2025, was $0.33, compared to $0.30 for the same period in 2024, reflecting a growth of 10%[10]. - Net income for the six months ended June 30, 2025, was $3,786,000, compared to $3,732,000 for the same period in 2024, reflecting a growth of 1.45%[16]. - For Q2 2025, United Bancorp, Inc. reported net income of $1,914,000 and diluted earnings per share of $0.33, reflecting increases of 10.0% and 10.0% respectively compared to Q2 2024[150]. - For the first six months of 2025, net income was $3,786,000, an increase of $54,000 or 1.4% year-over-year, while diluted earnings per share remained at $0.65[150]. Asset Growth - Total assets increased to $847,884 thousand as of June 30, 2025, up from $816,656 thousand at December 31, 2024, representing a growth of 3.5%[7]. - Total cash and cash equivalents at the end of the period rose to $49,686,000 as of June 30, 2025, up from $37,570,000 in 2024, marking a 32.3% increase[16]. - Total deposits rose to $642,945 thousand as of June 30, 2025, compared to $613,494 thousand at December 31, 2024, marking an increase of 4.8%[7]. - The company reported a net change in deposits of $29,451,000 for the six months ended June 30, 2025, compared to $1,730,000 in 2024, showing a substantial increase in deposit growth[16]. Income and Expenses - Net interest income for the three months ended June 30, 2025, was $6,595 thousand, an increase of 6.3% compared to $6,202 thousand for the same period in 2024[10]. - Noninterest income for the six months ended June 30, 2025, increased to $2,671 thousand, up from $2,050 thousand in the same period of 2024, a rise of 30.2%[10]. - Total noninterest expense for the three months ended June 30, 2025, was $5,843 thousand, a slight increase from $5,670 thousand in the same period of 2024[10]. - The provision for credit loss expense for the quarter ended June 30, 2025, was $302,000, an increase of $68,000 year-over-year, leading to a decrease in diluted earnings per share of $0.03[154]. Loan and Credit Quality - Total gross loans increased to $500.7 million as of June 30, 2025, from $491.0 million at December 31, 2024, reflecting a growth of 1.6%[63]. - The allowance for credit losses increased to $4.156 million as of June 30, 2025, compared to $4.026 million at December 31, 2024, indicating a rise of 3.2%[63]. - The company experienced a net change in loans of $(9,723,000) for the six months ended June 30, 2025, compared to $(1,151,000) in 2024, indicating a significant increase in loan activity[16]. - Total nonperforming loans amounted to $1,796,000 as of June 30, 2025, with $1,350,000 in commercial real estate and $238,000 in residential loans[92]. Investment and Securities - The total amortized cost of available-for-sale securities was $244.948 million as of June 30, 2025, with a fair value of $227.253 million, reflecting gross unrealized losses of $17.697 million[52]. - The company reported unrealized losses on available-for-sale securities totaling $17.7 million as of June 30, 2025, compared to $12.5 million at December 31, 2024[58]. - The net unrealized loss on available-for-sale securities was $(17,695,000) as of June 30, 2025, compared to $(12,130,000) at the end of 2024[102]. Capital and Dividends - Stockholders' equity decreased by $3.8 million to $59.7 million at June 30, 2025, with a total stockholders' equity to total assets ratio of 7.04%[191]. - The regular cash dividend increased by $0.02 to $0.3675, a 5.8% increase year-over-year, while the special cash dividend was $0.1750, a 16.7% increase[159]. - The Company maintains a strong capital position with a common equity tier 1 capital ratio of 12.86% and a total capital ratio of 13.55%[196]. Future Outlook - The company anticipates continued growth in gross loans and higher interest income due to the repricing of the loan portfolio in a higher-rate environment[151]. - The company is cautiously optimistic about managing economic risks, monitoring higher risk segments within the loan portfolio due to inflationary pressures[198]. - The company has undertaken several transformative projects, including the construction of a new banking center and investment in technology, which are expected to enhance future growth[150].

Core Viewpoint - United Bancorp, Inc. demonstrated steady earnings growth in Q2 2025, with a notable increase in net income and interest income, despite facing macroeconomic pressures and a recent stock pullback [1][2][5]. Financial Performance - Earnings per share (EPS) for Q2 2025 reached 33 cents, up from 30 cents a year earlier [1]. - Total interest income increased by 5.4% year over year to $10.4 million, driven by a 9.3% rise in interest income on loans and a 30.3% surge in loan fees [2]. - Net income rose to $1.9 million, marking a 10% increase from $1.7 million in the same quarter of 2024 [2]. - Noninterest income reached $1.4 million, up 17.3% from the previous year, supported by a 65.6% increase in other noninterest income [3]. Cost and Expense Management - Noninterest expenses increased by 3.1% to $5.8 million, attributed to ongoing investment initiatives [3]. - Despite rising expenses, earnings before income taxes improved to $1.9 million, a 20.1% increase from the prior-year quarter [3]. Credit Quality - Provision for credit losses decreased by 12.2% to $0.2 million [4]. - Total nonaccrual loans rose to $1.8 million from $0.4 million a year earlier, primarily due to a single commercial account [4]. - Loans past due by more than 30 days declined by 43.3%, maintaining total past-due and nonaccrual loans at a modest 0.45% of gross loans [4]. Management Insights - The Chief Financial Officer highlighted the company's earnings growth as encouraging amidst macroeconomic challenges, emphasizing investments in branch expansion and technology [5]. - The Chief Executive Officer reinforced long-term growth ambitions, focusing on a strong small-business-oriented commercial loan portfolio, which constitutes 80% of total loans [6]. Strategic Initiatives - The company is advancing several strategic initiatives, including the construction of a new regional banking center in Wheeling, WV, expected to open within 90 days [11]. - Technology enhancements and AI integration into customer service are part of a broader digital transformation effort aimed at improving efficiency and client engagement [12]. Shareholder Returns - United Bancorp raised its regular cash dividend by 5.8% and its special dividend by 16.7% year over year, resulting in total cash dividends of 54.25 cents per share in the first half of 2025, a 9.1% increase from the prior year [12].

Financial Performance - For Q2 2025, United Bancorp reported diluted earnings per share of $0.33 and net income of $1,914,000, representing increases of 10.0% year-over-year[2]. - Net income for the three months ended June 30, 2025, was $1,914,513, reflecting a 10.03% increase from $1,739,967 in 2024[9]. - Net interest income for the six months ended June 30, 2025, was $12,842,062, up 4.27% from $12,316,509 in 2024[9]. - Total noninterest income for the six months ended June 30, 2025, increased by 30.26% to $2,670,874 from $2,050,414 in 2024[9]. - Basic and diluted earnings per common share remained stable at $0.65, showing no percentage change[10]. Asset and Loan Growth - Total assets grew by $26.0 million, or 3.2%, reaching $847.9 million, with gross loans exceeding $500.0 million for the first time in company history[2]. - Total assets as of June 30, 2025, were $847.9 million, with total shareholders' equity of $59.7 million[6]. - Total assets grew by 3.17% to $847,884,370 compared to $821,814,882 in the previous period[10]. - Gross loans increased by 3.35% to $500,747,168 from $484,514,415[10]. Deposit and Interest Income - Total deposits increased by $19.8 million, or 3.2%, to $642.9 million, contributing to a modest rise in interest expense of $229,000, or 3.2%[3]. - Total deposits rose by 3.17% to $642,944,191 from $623,188,540[10]. - Year-to-date net interest income increased by $526,000, or 4.3%, with a net interest margin improvement of 11 basis points to 3.65%[2]. Credit Quality - Nonaccrual loans and loans past due 30 days were $2.2 million, or 0.45% of gross loans, with a year-over-year increase of $1.1 million[4]. - The company has a total allowance for credit losses to total loans ratio of 0.83%, indicating strong coverage against potential losses[4]. - Non-accrual loans surged by 396.51% to $1,797,604 from $362,051[10]. - Net charge-offs to average loans remained stable at 0.07%[10]. Dividends - Regular cash dividend increased by $0.02 to $0.3675, a rise of 5.8% year-over-year[6]. - Special cash dividend of $0.1750 was paid, up $0.025 or 16.7% from the previous year[6]. - Total cash dividends for the first half of 2025 amounted to $0.5425, an increase of $0.045 or 9.1% compared to the same period in 2024[6]. - Cash dividends paid increased by 9.05% to $0.5425 from $0.4975[10]. - The dividend payout ratio increased to 56.54% from 54.30%, a change of 2.24%[10]. - The company maintains a total dividend yield of 6.3%, based on the second quarter cash dividend and special dividend[6]. Strategic Initiatives - A new regional banking center in Wheeling, West Virginia is set to open within 90 days, aimed at driving growth in the loan portfolio[5]. - The Unified Mortgage Division is expected to generate higher fee income as it scales, alongside a focus on Treasury Management services for small businesses[5]. - Significant investments in technology and digital transformation are underway, including the implementation of artificial intelligence to enhance customer service[5]. - The Unified Center in St. Clairsville, Ohio will centralize key functions and improve customer support, with renovations expected to be completed by year-end[5]. Market Performance - The fair market value of the company's stock increased by $1.95, or 15.5%, year-over-year as of June 30, 2025[6]. - Market value at the last close increased by 15.54% to $14.50 from $12.55[10]. - Return on average equity (ROE) improved to 12.70% from 12.34%, reflecting a 0.36% increase[10].

Core Viewpoint - Zacks Investment Research has initiated coverage of United Bancorp, Inc. (UBCP) with a Neutral recommendation, indicating a balanced perspective on the company's strengths and challenges [1] Financial Performance - United Bancorp has a forward dividend yield of 5.51%, with a second-quarter 2025 dividend of 18.5 cents per share, reflecting a 5.7% year-over-year increase [2] - The bank reported $6.3 million in net interest income in Q1 2025, slightly up from the previous year, driven by steady loan yields and tax-exempt municipal income [3] - Noninterest income grew 48% year over year to $1.3 million, supported by stronger deposit-related fees and gains on securities [5] Liquidity and Stability - Liquidity surged more than 85% to $36.4 million, while deposits rose to $624.1 million, enhancing lending flexibility and financial stability [4] - The bank's loan book is conservatively managed, with nonperforming loans at just 0.39% and a solid 0.82% allowance for credit losses [4] Risks and Challenges - The available-for-sale securities portfolio reported $15.2 million in unrealized losses as of March 2025, up from $12.5 million at year-end 2024, impacting tangible book value and shareholder equity [6] - Non-interest expenses increased by $0.7 million year over year, primarily due to rising employee costs, which compressed pre-tax income [7] - The company faces pressure from a shift toward higher-cost funding, including a $9.1 million increase in time deposits and a $7.1 million rise in repurchase agreements, which may narrow net interest margins [7] Market Position - United Bancorp's stock has appreciated but continues to trade below broader sector valuation benchmarks, indicating investor caution regarding long-term growth prospects amid rising costs and margin pressures [8] - The bank's footprint in southeastern Ohio and parts of West Virginia positions it to benefit from federal infrastructure investments, offering potential growth opportunities in commercial lending and community banking services [5]

Financial Performance - Net income for the first quarter of 2025 was $1,872 thousand, a decrease of 6.06% compared to $1,993 thousand in the same period of 2024[9]. - Net income for the three months ended March 31, 2025, was $1.872 million, resulting in basic and diluted earnings per share of $0.32[45]. - Net income for the three months ended March 31, 2025, was $1,903,000, resulting in basic and diluted earnings per share of $0.35[47]. - United Bancorp, Inc. reported net income of $1,872,000 and diluted earnings per share of $0.32 for Q1 2025, representing decreases of 6.1% and 8.6% year-over-year, respectively[144][145]. - Net income for Q1 2025 was reported at $0.32 per diluted share, a decrease of 8.6% from $0.35 in Q1 2024[172]. Asset and Deposit Growth - Total assets increased to $830,681 thousand as of March 31, 2025, up from $816,656 thousand at December 31, 2024, representing a growth of 1.54%[6]. - Total deposits rose to $624,081 thousand as of March 31, 2025, an increase of 1.20% from $613,494 thousand at the end of 2024[6]. - Total core deposits increased by approximately $5.3 million, or 2.9%, from December 31, 2024[167]. Loan Portfolio - Total gross loans as of March 31, 2025, amounted to $496,866,000, an increase from $490,971,000 as of December 31, 2024[60]. - The total recorded investment in loans as of March 31, 2025, was $490,751,000, indicating a stable loan portfolio[69]. - The total past due loans amounted to $1,025,000 as of March 31, 2025, with $158,000 past due for 30-59 days, $75,000 for 60-89 days, and $56,000 for more than 90 days[87]. - The total past due and accruing loans for commercial and industrial as of March 31, 2025, was $350,000, with total loans amounting to $99,571,000[85]. - The total past due and accruing loans for residential loans was $737,000, with total loans amounting to $92,709,000[85]. - The total past due and accruing loans for commercial real estate was $1,673,000, with total loans amounting to $296,493,000[85]. Income and Expenses - Noninterest income increased to $1,281 thousand in Q1 2025, up 47.83% from $866 thousand in Q1 2024[9]. - Total noninterest expense increased to $5,586 thousand in Q1 2025, up from $4,838 thousand in Q1 2024, reflecting a rise of 15.43%[9]. - The total cash dividend paid in Q1 2025 was $0.3575, reflecting a 10.9% increase compared to Q1 2024[152]. - Noninterest income increased by $415,000 year-over-year, partly due to a $143,000 gain on the sale of available-for-sale securities in Q1 2025[175]. - Noninterest expense rose by $748,000 or 15.5% year-over-year, influenced by the approval of an Employee Retention Credit of $1,080,000 in Q1 2024[176]. Credit Losses and Provisions - The provision for credit loss expense was $96 thousand in Q1 2025, compared to no provision in Q1 2024[9]. - The allowance for credit losses (ACL) is established to present the net amount expected to be collected on loans, with significant changes possible from period to period[36][37]. - The allowance for credit losses increased to $4,095,000 as of March 31, 2025, compared to $4,026,000 at the end of 2024[64]. - The total allowance for credit losses to total loans was 0.82% as of March 31, 2025, indicating strong coverage and capitalized status[148]. - The allowance for credit losses totaled $4.1 million, representing 0.82% of total loans as of March 31, 2025[165]. Market Presence and Operations - The Company operates primarily in Ohio and West Virginia, with banking operations aggregated in one reportable operating segment[19]. - The Company has branches in multiple locations across Ohio and West Virginia, enhancing its market presence[19]. - The Company’s primary deposit products include checking, savings, and term certificate accounts, while primary lending products consist of residential real estate, commercial and industrial loans[20]. Investment and Securities - The fair value of available-for-sale securities was $221,672,000 as of March 31, 2025, representing 96% of the Company's available-for-sale investment portfolio[54]. - The total fair value of investments in available-for-sale securities decreased from $208.8 million at December 31, 2024, to $221.7 million at March 31, 2025[54]. - The net unrealized loss on available-for-sale securities was $(15,212,000) as of March 31, 2025, compared to $(12,130,000) at December 31, 2024[98]. Future Outlook and Strategy - The Company aims to grow to an asset threshold of $1.0 billion or greater in a prudent and profitable manner[153]. - The company is investing in technology and digital transformation, including the implementation of artificial intelligence to enhance customer service[151]. - The company has undertaken several transformative projects, including the construction of a new banking center in Wheeling, West Virginia, scheduled to open in late Q3 2025[149][151]. Risk Management - The company is cautiously optimistic about managing economic risks, supported by prudent underwriting policies and capital levels, but may need to make additional credit loss provisions due to economic conditions[184]. - The company utilizes a loan risk grading system with categories including pass, special mention, substandard, and doubtful, which are updated periodically[83]. - The company has not made significant changes to its loan risk grading system or allowance for credit losses methodology in the past year[83].

Financial Performance - United Bancorp, Inc. reported diluted earnings per share of $0.32 and net income of $1,872,000 for Q1 2025, representing decreases of 6.1% and 8.6% year-over-year, respectively[2]. - Net income decreased by 6.07% to $1,871,872 compared to $1,992,911 in the prior year[8]. - Return on average assets (ROA) decreased to 0.91% from 0.97%[9]. Income and Revenue - The company's net interest income increased by $131,000, or 2.2%, year-over-year, with a net interest margin improvement of 14 basis points to 3.60%[3]. - Interest income on loans increased by 7.26% to $7,104,476 compared to $6,623,848 in the previous year[8]. - Total noninterest income rose significantly by 47.91% to $1,281,410 from $866,324 year-over-year[8]. Assets and Loans - Total assets decreased by $3.3 million, or 0.40%, to $830.7 million as of March 31, 2025, while gross loans outstanding increased by $16.6 million, or 3.5%[3]. - As of March 31, 2025, United Bancorp, Inc. has total assets of $831.0 million and total shareholders' equity of $60.8 million[5]. - Total assets decreased by 0.40% to $830,681,164 from $834,026,953[8]. Credit and Risk Management - The total allowance for credit losses to total loans was 0.82%, reflecting a one basis point increase year-over-year, with a total allowance for credit losses to nonaccrual loans at 211%[3]. - The provision for credit losses was $96,000, indicating a proactive approach to credit risk management[8]. - Nonaccrual loans surged by 305.79% to $1,937,543 from $477,474 year-over-year[8]. Dividends and Shareholder Returns - The company paid a total cash dividend of $0.3575 for Q1 2025, a 10.9% increase from the previous year, resulting in a total dividend yield of 6.7%[5]. - Cash dividends paid increased by 10.85% to $0.3575 per share from $0.3225[8]. Growth and Expansion - A new regional banking center in Wheeling, West Virginia is scheduled to open in late Q3 2025, aimed at driving growth in the loan portfolio[4]. - The company aims to grow total assets to $1.0 billion or greater, adopting a more offensive growth strategy after a period of conservative management[4]. Technology and Innovation - Investment in technology and digital transformation is ongoing, including the implementation of artificial intelligence to improve customer service[4]. - The Unified Mortgage Division has contributed to higher fee income, with plans for further scaling to enhance profitability[4]. Deposits - Total deposits slightly declined by 0.27% to $624,081,193 from $625,750,186[9]. Market Valuation - The market price to book value ratio decreased to 132% from 136%[8].