UBCP

MKT CAP:$92M

United Bancorp, Inc.

Market Cap

$92M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$16.25+$1.91 (+13.32%)

Apr 23, 2026

Company Details

United 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...

CEO

Scott A. Everson

IPO Date

Mar 2, 1993

Website

www.unitedbancorp.com

Key Metrics TTM

Revenue

$47M

+8.0% YoY

Net Income

$8M

EPS (Diluted)

$1.34

Free Cash Flow

$6M

Revenue / Share

$8.17

Gross Margin

67.4%

Operating Margin

17.4%

Net Margin

16.3%

FCF Margin

12.7%

P/S

1.9x

P/E

11.9x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Mar 18, 2026

$47M+8.0%EPS $1.34

Q4 2025

Mar 18, 2026

$13M+11.7%EPS $0.35

Q3 2025

Nov 12, 2025

$12M+7.4%EPS $0.34

Q2 2025

Aug 14, 2025

$12M+6.7%EPS $0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$7M	$7M	$2M
Q2 22	$7M	$7M	$3M
Q3 22	$8M	$7M	$3M
Q4 22	$9M	$8M	$3M
Q1 23	$9M	$7M	$2M
Q2 23	$10M	$8M	$2M
Q3 23	$11M	$8M	$2M
Q4 23	$11M	$8M	$3M
Q1 24	$10M	$7M	$2M
Q2 24	$11M	$7M	$2M
Q3 24	$11M	$7M	$2M
Q4 24	$11M	$7M	$2M
Q1 25	$11M	$7M	$2M
Q2 25	$12M	$8M	$2M
Q3 25	$12M	$8M	$2M
Q4 25	$13M	$9M	$3M

Valuation

Quarter	P/S	P/E
Q1 22	3.2x	10.6x
Q2 22	2.9x	9.5x
Q3 22	2.8x	9.5x
Q4 22	2.5x	9.1x
Q1 23	2.3x	9.0x
Q2 23	1.8x	7.7x
Q3 23	1.6x	7.2x
Q4 23	1.7x	7.5x
Q1 24	2.0x	9.3x
Q2 24	1.7x	8.4x
Q3 24	1.7x	9.3x
Q4 24	1.7x	10.0x
Q1 25	1.7x	10.4x
Q2 25	1.8x	10.8x
Q3 25	1.6x	9.9x
Q4 25	1.7x	10.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$5M	$5M
Q2 22	-$3M	-$3M
Q3 22	$3M	$3M
Q4 22	$3M	$3M
Q1 23	$841.0K	$555.0K
Q2 23	$3M	$3M
Q3 23	$3M	$3M
Q4 23	$3M	$3M
Q1 24	$4M	$223.0K
Q2 24	-$950.0K	-$2M
Q3 24	$5M	-$2M
Q4 24	$1M	$2M
Q1 25	$1M	-$594.0K
Q2 25	$4M	$1M
Q3 25	$3M	$7M
Q4 25	$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q1 22	$245.0K
Q2 22	$115.0K
Q3 22	$65.0K
Q4 22	$86.0K
Q1 23	$286.0K
Q2 23	$240.0K
Q3 23	$426.0K
Q4 23	$129.0K
Q1 24	$3M
Q2 24	$566.0K
Q3 24	$6M
Q4 24	$515.0K
Q1 25	$2M
Q2 25	$2M
Q3 25	$4M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-0.4%	+1.6%
Q2 22	+0.8%	-2.7%
Q3 22	-2.1%	+12.6%
Q4 22	+19.8%	+41.2%
Q1 23	+32.1%	+41.7%
Q2 23	+39.0%	+62.9%
Q3 23	+27.3%	+40.2%
Q4 23	+19.4%	+26.3%
Q1 24	+13.7%	+15.5%
Q2 24	+7.1%	+19.9%
Q3 24	+5.1%	+15.2%
Q4 24	+5.0%	+16.6%
Q1 25	+6.1%	+11.2%
Q2 25	+6.7%	+4.4%
Q3 25	+7.4%	+7.1%
Q4 25	+11.7%	+5.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$747.0K	10.7%
Q2 22	$85.0K	1.1%
Q3 22	$87.0K	1.0%
Q4 22	$86.0K	1.0%
Q1 23	$445.0K	4.8%
Q2 23	$68.0K	0.7%
Q3 23	$73.0K	0.7%
Q4 23	$72.0K	0.7%
Q1 24	$543.0K	5.2%
Q2 24	$137.0K	1.2%
Q3 24	$41.0K	0.4%
Q4 24	$163.0K	1.4%
Q1 25	$89.0K	0.8%
Q2 25	$88.0K	0.7%
Q3 25	$88.0K	0.7%
Q4 25	-$265.0K	-2.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$3M	$30.0K
Q2 22	$3M	$123.0K
Q3 22	$3M	$124.0K
Q4 22	$3M	$69.0K
Q1 23	$3M	$100.0K
Q2 23	$3M	$100.0K
Q3 23	$3M	$100.0K
Q4 23	$3M	$61.0K
Q1 24	$2M	$113.0K
Q2 24	$3M	$124.0K
Q3 24	$3M	$124.0K
Q4 24	$3M	$64.0K
Q1 25	$3M	$130.0K
Q2 25	$3M	$130.0K
Q3 25	$3M	$138.0K
Q4 25	$6M	$398.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$69M	$159M	$228M
Q2 22	$17M	$190M	$207M
Q3 22	$35M	$212M	$247M
Q4 22	$30M	$218M	$248M
Q1 23	$101M	$234M	$335M
Q2 23	$82M	$236M	$318M
Q3 23	$71M	$225M	$296M
Q4 23	$41M	$170M	$211M
Q1 24	$47M	$252M	$299M
Q2 24	$38M	$240M	$278M
Q3 24	$38M	$250M	$288M
Q4 24	$20M	$119M	$139M
Q1 25	$36M	$230M	$266M
Q2 25	$50M	$223M	$273M
Q3 25	$46M	$132M	$178M
Q4 25	$9M	$154M	$163M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	5M	-0.4%	-0.3%
Q2 22	5M	+0.5%	+0.1%
Q3 22	5M	+0.1%	+0.2%
Q4 22	5M	-0.0%	+0.1%
Q1 23	5M	-0.0%	+0.5%
Q2 23	5M	+0.2%	+0.2%
Q3 23	5M	-0.1%	+0.0%
Q4 23	5M	+0.0%	+0.1%
Q1 24	5M	+0.2%	+0.3%
Q2 24	6M	+2.4%	+2.4%
Q3 24	6M	-0.1%	+2.4%
Q4 24	6M	+0.1%	+2.5%
Q1 25	6M	-1.6%	+0.7%
Q2 25	5M	-0.9%	-2.5%
Q3 25	5M	-0.1%	-2.4%
Q4 25	6M	+6.0%	+3.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$56.3K	124
Q2 22	$59.9K	124
Q3 22	$67.3K	124
Q4 22	$71.9K	125
Q1 23	$73.8K	125
Q2 23	$82.7K	125
Q3 23	$84.9K	125
Q4 23	$93.3K	115
Q1 24	$91.2K	115
Q2 24	$96.2K	115
Q3 24	$97.0K	115
Q4 24	$98.0K	115
Q1 25	$96.7K	115
Q2 25	$102.6K	115
Q3 25	$104.2K	115
Q4 25	$100.7K	125

Revenue / Employee