United Bancorp, Inc. (UBCP) 10-Year Financial Performance & Capital Metrics

UBCP • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutUnited Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans. As of December 31, 2021, the company operated through a network of banking offices in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties in Ohio, as well as Marshall and Ohio Counties in West Virginia and the surrounding localities; and a loan production office in Wheeling, West Virginia. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry, Ohio.Show more

Net Interest Income $24M -4.6%
Total Revenue $44M +7.5%
Net Income $7M -17.3%
Return on Equity 11.65% -19.7%
Net Interest Margin 2.99% -4.2%
Efficiency Ratio 49.26% -3.4%
ROA 0.9% -20.3%
Equity / Assets 7.77% +0.1%
Book Value per Share 11.46 -1.1%
Tangible BV/Share 11.31 -0.9%
Debt/Equity 2.08 +3.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 49.3% efficiency ratio
✓Trading at only 1.2x book value

✗Weaknesses

✗High debt to equity ratio of 2.1x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.16%

5Y7.3%

3Y13.08%

TTM-

Profit (Net Income) CAGR

10Y10.81%

5Y1.68%

3Y-7.82%

TTM-29.04%

EPS CAGR

10Y9.13%

5Y1.31%

3Y-7.79%

TTM-5.07%

ROCE

10Y Avg8.13%

5Y Avg8.25%

3Y Avg7.42%

Latest4.24%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	13.59M	14.68M	15.68M	17.89M	20.7M	22.8M	22.03M	24.25M	25.58M	24.42M
NII Growth %	-0.01%	0.08%	0.07%	0.14%	0.16%	0.1%	-0.03%	0.1%	0.05%	-0.05%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	15.87M	16.46M	17.44M	21.07M	26.82M	27.53M	24.63M	27.52M	36.59M	39.14M
Interest Expense	2.28M	1.78M	1.76M	3.18M	6.12M	4.73M	2.6M	3.27M	11.01M	14.72M
Loan Loss Provision	553K	301K	100K	297K	908K	3.34M	-1.25M	-955K	-454K	299K
Non-Interest Income+	4M	3.86M	3.66M	3.88M	4.1M	7.01M	5.79M	4.22M	4.31M	4.84M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	19.87M	20.32M	21.1M	24.95M	30.92M	34.54M	30.41M	31.74M	40.9M	43.98M
Revenue Growth %	-0.01%	0.02%	0.04%	0.18%	0.24%	0.12%	-0.12%	0.04%	0.29%	0.08%
Non-Interest Expense	12.48M	13.07M	13.65M	16.4M	16.48M	17.89M	18.39M	19.89M	20.85M	21.67M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.56M	5.16M	5.59M	5.08M	7.41M	8.58M	10.68M	9.54M	9.49M	7.29M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.28%	0.13%	0.08%	-0.09%	0.46%	0.16%	0.24%	-0.11%	-0%	-0.23%
Pretax Income+	4.56M	5.16M	5.59M	5.08M	7.41M	8.58M	10.68M	9.54M	9.49M	7.29M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.33M	1.58M	2.04M	800K	599K	629K	1.23M	879K	541K	-107K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.22M	3.58M	3.55M	4.28M	6.81M	7.95M	9.45M	8.66M	8.95M	7.4M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.22%	0.11%	-0.01%	0.21%	0.59%	0.17%	0.19%	-0.08%	0.03%	-0.17%
Net Income (Continuing)	3.22M	3.58M	3.55M	4.28M	6.81M	7.95M	9.45M	8.66M	8.95M	7.4M
EPS (Diluted)+	0.64	0.71	0.71	0.82	1.19	1.38	1.62	1.51	1.57	1.27
EPS Growth %	0.21%	0.11%	0%	0.15%	0.45%	0.16%	0.17%	-0.07%	0.04%	-0.19%
EPS (Basic)	0.65	0.72	0.71	0.82	1.19	1.38	1.62	1.51	1.57	1.27
Diluted Shares Outstanding	4.93M	5.02M	4.98M	4.95M	5.53M	5.46M	5.48M	5.48M	5.49M	5.54M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	12.7M	11.54M	14.31M	25.25M	14.98M	51.59M	83M	30.08M	40.77M	19.61M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	362.21M	394.48M	411.82M	531.72M	628.92M	597.17M	597.43M	679.97M	652.65M	613.57M
Investments Growth %	0.08%	0.09%	0.04%	0.29%	0.18%	-0.05%	0%	0.14%	-0.04%	-0.06%
Long-Term Investments	327.58M	354.71M	366.86M	407.73M	440.14M	439.1M	451.11M	462.34M	482.69M	494.33M
Accounts Receivables	803K	840K	993K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	682K	682K	682K	682K	682K	682K
Intangible Assets	0	0	0	1.69M	860K	710K	560K	410K	260K	122K
PP&E (Net)	10.45M	11.88M	11.74M	12.12M	12.4M	13.74M	12.76M	12.14M	14.98M	23.6M
Other Assets	18.45M	18.42M	20.11M	20.63M	25.16M	26.61M	27.69M	28.29M	103.59M	148.88M
Total Current Assets	48.13M	52.15M	60.27M	151.04M	206.47M	212.56M	231.66M	251.11M	214.83M	143.16M
Total Non-Current Assets	357M	385.87M	399.06M	442.17M	479.24M	480.84M	492.8M	506.29M	604.62M	673.5M
Total Assets+	405.12M	438.02M	459.33M	593.21M	685.71M	693.4M	724.46M	757.4M	819.45M	816.66M
Asset Growth %	0.01%	0.08%	0.05%	0.29%	0.16%	0.01%	0.04%	0.05%	0.08%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	3.66M	3.2M	4.24M	4.61M	5.72M	7.04M	6.57M	5.92M	0	0
Total Debt+	42.04M	53.37M	25.23M	12.3M	70.26M	36.31M	39.37M	41.83M	128.33M	132.21M
Net Debt	29.34M	41.83M	10.92M	-12.96M	55.27M	-15.28M	-43.63M	11.75M	87.56M	112.61M
Long-Term Debt	30.65M	43.98M	14.15M	4.23M	63.34M	23.6M	23.66M	23.73M	98.79M	98.85M
Short-Term Debt	11.38M	9.39M	11.09M	8.07M	6.92M	12.71M	15.7M	18.11M	26.78M	30.49M
Other Liabilities	-9.35M	-3.2M	-4.24M	0	0	0	0	0	6.07M	7.49M
Total Current Liabilities	342.33M	354.6M	405.53M	538.12M	560.71M	599.28M	627.41M	673.94M	648.24M	643.99M
Total Non-Current Liabilities	21.3M	40.78M	9.91M	4.45M	65.08M	25.79M	25.35M	23.73M	107.62M	109.21M
Total Liabilities	363.63M	395.38M	415.44M	542.57M	625.78M	625.07M	652.75M	697.66M	755.86M	753.2M
Total Equity+	41.5M	42.64M	43.9M	50.64M	59.92M	68.33M	71.7M	59.74M	63.59M	63.46M
Equity Growth %	0.03%	0.03%	0.03%	0.15%	0.18%	0.14%	0.05%	-0.17%	0.06%	-0%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.09%	0.08%	0.09%	0.12%	0.12%	0.13%	0.13%	0.15%	0.12%
Book Value per Share	8.41	8.50	8.81	10.23	10.84	12.52	13.09	10.89	11.58	11.46
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	5.38M	5.42M	5.43M	5.93M	5.96M	6.05M	6.05M	6.04M	6.06M	6.2M
Additional Paid-in Capital	18.25M	18.02M	18.02M	22.56M	22.87M	23.17M	23.64M	24.81M	25.91M	26.37M
Retained Earnings	21.44M	22.48M	23.26M	24.32M	27.91M	32.5M	37.85M	41.95M	44.02M	46.31M
Accumulated OCI	-181K	-454K	-420K	-10K	5.54M	9.28M	6.96M	-9.34M	-7.48M	-10.1M
Treasury Stock	-46K	-46K	-46K	-46K	-462K	-989K	-1.06M	-1.83M	-2.56M	-3.25M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.28M	4.18M	4.57M	5.75M	8.62M	9.37M	8.19M	8.48M	9.46M	8.45M
Operating CF Growth %	0.02%	-0.02%	0.09%	0.26%	0.5%	0.09%	-0.13%	0.04%	0.12%	-0.11%
Net Income	3.22M	3.58M	3.55M	4.28M	6.81M	7.95M	9.45M	8.66M	8.95M	7.4M
Depreciation & Amortization	1.01M	831K	924K	1.02M	1.19M	1.31M	1.29M	1.16M	1.15M	1.23M
Deferred Taxes	-175K	82K	545K	375K	42K	-547K	112K	342K	13K	-904K
Other Non-Cash Items	594K	148K	143K	529K	1.27M	1.21M	-2.13M	-338K	131K	918K
Working Capital Changes	-741K	-842K	-1.03M	-1.01M	-1.26M	-1.14M	-943K	-2.35M	-1.44M	-1.08M
Cash from Investing+	-29.84M	-35M	-18.05M	-62.55M	-95.79M	33.67M	-1.21M	-103.26M	-48.47M	-19.46M
Purchase of Investments	-57M	-42M	-12.25M	-78.12M	-102.64M	-22.6M	-24.37M	-99.99M	-25.92M	-46.12M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	23.46M	0	0	0	0	0	0
Other Investing	-13.67M	-27.34M	-12.27M	-30.97M	-37.07M	-2.89M	-9.58M	-8.94M	-23.8M	-8.14M
Cash from Financing+	-895K	29.67M	16.25M	67.73M	76.91M	-6.43M	24.42M	41.86M	49.7M	-10.14M
Dividends Paid	-2.26M	-2.54M	-2.77M	-3.22M	-3.23M	-3.36M	-4.1M	-4.56M	-4.79M	-5.11M
Share Repurchases	0	0	0	0	-416K	-526K	-72K	-767K	-733K	-687K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	404K	1000K	-1000K	-1000K	1000K	-1000K	0	0	1000K	-93K
Other Financing	941K	18.88M	48.85M	80.87M	21.47M	37.26M	28.6M	47.18M	-19.78M	-4.25M
Net Change in Cash+	-26.46M	-1.16M	2.77M	10.94M	-10.27M	36.61M	31.41M	-52.92M	10.69M	-21.16M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	39.16M	12.7M	11.54M	14.31M	25.25M	14.98M	51.59M	83M	30.08M	40.77M
Cash at End	12.7M	11.54M	14.31M	25.25M	14.98M	51.59M	83M	30.08M	40.77M	19.61M
Interest Paid	2.27M	1.8M	1.81M	3.29M	6.1M	4.72M	2.18M	3.15M	0	14.62M
Income Taxes Paid	1.18M	1.13M	1.57M	715K	25K	990K	710K	230K	0	102K
Free Cash Flow+	2.96M	1.92M	3.79M	4.97M	7.28M	6.85M	7.42M	7.97M	8.38M	-1.25M
FCF Growth %	-0.23%	-0.35%	0.97%	0.31%	0.46%	-0.06%	0.08%	0.07%	0.05%	-1.15%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.87%	8.51%	8.2%	9.06%	12.32%	12.4%	13.5%	13.17%	14.51%	11.65%
Return on Assets (ROA)	0.8%	0.85%	0.79%	0.81%	1.06%	1.15%	1.33%	1.17%	1.14%	0.9%
Net Interest Margin	3.35%	3.35%	3.41%	3.02%	3.02%	3.29%	3.04%	3.2%	3.12%	2.99%
Efficiency Ratio	62.79%	64.34%	64.68%	65.71%	53.3%	51.79%	60.47%	62.66%	50.98%	49.26%
Equity / Assets	10.24%	9.73%	9.56%	8.54%	8.74%	9.85%	9.9%	7.89%	7.76%	7.77%
Book Value / Share	8.41	8.5	8.81	10.23	10.84	12.52	13.09	10.89	11.58	11.46
NII Growth	-0.98%	8.02%	6.83%	14.13%	15.69%	10.12%	-3.35%	10.07%	5.49%	-4.55%
Dividend Payout	70.07%	70.95%	78.09%	75.22%	47.37%	42.26%	43.39%	52.66%	53.51%	69.08%

Frequently Asked Questions

Valuation & Price

United Bancorp, Inc. (UBCP) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Bancorp, Inc. (UBCP) grew revenue by 7.5% over the past year. This is steady growth.

Yes, United Bancorp, Inc. (UBCP) is profitable, generating $5.6M in net income for fiscal year 2024 (16.8% net margin).

Dividend & Returns

Yes, United Bancorp, Inc. (UBCP) pays a dividend with a yield of 6.75%. This makes it attractive for income-focused investors.

United Bancorp, Inc. (UBCP) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics

United Bancorp, Inc. (UBCP) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

United Bancorp, Inc. (UBCP) has an efficiency ratio of 49.3%. This is excellent, indicating strong cost control.

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