United Bancorp's Q4 net income rises

Overview

• Ohio bank's Q4 net income rose 10%, with EPS up 12.9% yr/yr

• Net interest income increased by 8.6% in Q4, boosting net interest margin

• Company increased total cash dividends by 7.6% in 2025

Outlook

• United Bancorp aims to grow assets to $1 bln in the near term

• Company expects net interest income growth as FOMC loosens monetary policy

Result Drivers

• ASSET GROWTH - Growth in total assets, driven by increased loans and investments, boosted net interest income and margin

• INTEREST MARGIN EXPANSION - Strategic swap strategies in municipal securities improved interest income and margin

• CREDIT QUALITY - Maintained strong credit quality with low nonaccrual loans and net charge-offs

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for United Bancorp Inc is $20.00, about 42.9% above its February 2 closing price of $14.00

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nACSGmtnMa

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