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what it is
United Bancorp runs a community bank with 14 branches, taking deposits and making loans across Ohio and one West Virginia county.
how it gets paid
FY 2025 net interest income was ~$26.5M (~70% of the ~$38M total revenue mix shown here). Fee lines fill the rest— tie exact totals to the 10-K.
what just happened
Q4 2025 diluted EPS was ~$0.35 (+~13% YoY); FY 2025 diluted EPS ~$1.34 (+~5.5%). Total assets ended ~$857M.
At a glance
C++ balance sheet — some cracks in the foundation
80/100 earnings predictability — you can trust these numbers
10.5x trailing p/e — the market's not buying it — or you found a deal
5.0% dividend yield — cash in your pocket every quarter
~$1.34 fy2025 diluted EPS (reported)
xvary composite: 49/100 — below average
What they do
United Bancorp runs a community bank with 14 branches, taking deposits and making loans across Ohio and one West Virginia county.
This is a local relationship bank, not a scale machine. You get 14 banking centers covering specific Ohio counties and Marshall County, West Virginia, with 115 employees who know their markets. That matters when your money business still runs on trust and repeat borrowers.
How they make money
~$38M
annual revenue (approx.; NII + noninterest— verify 10-K)
net interest income
$26.5M
+6.7%
deposit service charges
$3.2M
+0.0%
mortgage and residential lending fees
$2.8M
3.0%
brokerage and wealth fees
$2.0M
+4.0%
other banking income
$3.5M
+0.0%
The products that matter
community banking franchise
Unified Bank
~$857M in assets (FY 2025)
Unified Bank is still a community franchise— but the ~$84M figure was nonsense vs. reported consolidated assets ~$857M.
core business
spread-based lending income
Net interest income
~$26.5M · ~70% of mix shown
Net interest income is the engine— FY 2025 grew ~6.7% YoY in press materials; NIM and deposit betas do most of the talking.
primary driver
fees and other banking income
Non-interest income
~$11.5M · ~30% of mix shown
Non-interest income adds cushion— still too small to offset a real NII squeeze if rates move wrong.
limited cushion
Key numbers
5.0%
dividend yield
You are being paid cash while you wait. That yield is the main reason to own a slow-growth bank like this.
10.5x
trailing p/e
Price-to-earnings means how much you pay for each dollar of profit. At 10.5x, the market is pricing UBCP like a no-drama local bank.
$102M
long-term debt
Debt is fixed pressure. Against $70.5M of equity, $102M is a real constraint.
$70.5M
equity base
This is the cushion protecting you from loan losses. It is not huge.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 60 / 100
- long-term debt $102M (53% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for UBCP right now.
source: institutional data · return history unavailable
What just happened
FY 2025 reported
Q4 2025 diluted EPS ~$0.35; FY 2025 diluted EPS ~$1.34 on ~$26.5M net interest income (+~6.7%).
Releases cite infrastructure and digital spend (e.g. new Wheeling center, mortgage/treasury programs). Use the filing for quarter revenue— headline here is EPS + NII + ~$857M assets.
~$0.35
Q4 diluted EPS
~$1.34
FY diluted EPS
~$857M
total assets (YE)
the number that mattered
High-single-digit NII growth on a ~$857M balance sheet is the “slow and steady” thesis— not triple-digit revenue fairy tales.
source: UBCP Q4 / FY 2025 release (recaps) · Nasdaq / Business Wire · TradingView recap
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What could go wrong
Your top risk is a small Ohio deposit-and-loan franchise trying to protect profitability without much scale.
high
thin competitive position in ohio
Ohio has 236 banks in the market set used on this page. UBCP is a $91M company with an $84M asset base shown here. That leaves little scale advantage if rivals get aggressive on loan pricing or deposits.
If growth stalls, the stock stops being a "cheap income name" and starts looking like a bank priced correctly for limited reach.
high
balance-sheet pressure
The balance sheet grade is C++, and long-term debt is listed at $102M, or 53% of capital. For a small lender, that is the part of the page you read twice.
If credit quality weakens or funding costs stay high, leverage gives management less room to protect both earnings and the dividend.
med
rate sensitivity
This page shows $32M of net interest income and $8M of non-interest income. That 4-to-1 split means spread income still carries the whole model.
If deposit costs stay elevated or loan yields reset lower, the largest revenue line does the shrinking.
low
dividend disappointment
A 5.0% yield is a feature until it is the only reason people own the stock. On a business with a below-average balance-sheet grade, income investors should assume the payout needs defending.
If the dividend ever looks less secure, the stock loses its cleanest reason to exist in a portfolio.
You do not need a collapse for this thesis to disappoint. Flat loan growth, tighter spreads, or a softer dividend case would be enough.
source: institutional data · regulatory filings · risk analysis
Pay attention to
yield check
whether the 5.0% dividend still looks earned
The income case is the reason most readers will care. If payout confidence weakens, the stock loses its cleanest support.
spread business
net interest income versus fee income
The mix shown here is $32M versus $8M. You want to see the biggest line hold up, because the smaller line is not large enough to rescue the model.
calendar
the next annual meeting and earnings update
Last year's annual meeting was Apr. 16, 2025. The next management update matters because a company this small does not give you many data points.
balance sheet
whether leverage starts to feel tighter
C++ balance-sheet quality and $102M of long-term debt are the numbers to keep in view. If either direction worsens, the valuation will stop looking forgiving.
Analyst rankings
earnings predictability
80 / 100
in human-speak, the numbers have been steadier than the stock's long-term upside case.
risk rank
3
that puts it around the middle of the market on risk. not reckless, not a safe-haven bank either.
price stability
60 / 100
the stock usually behaves like a small income name, not a momentum trade. that is useful if you value predictability more than upside fireworks.
source: institutional data
Institutional activity
institutional ownership data for UBCP is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$14
current price
n/a
target midpoint · n/a from current
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