United Bancorp, Inc. (NASDAQ:UBCP) 3Q19 Profit Increase

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United Bancorp, Inc. (NASDAQ:UBCP) The Martins Ferry based company, reported third quarter financial results today.

The company disclosed income for the third quarter surged 24.00 percent of $ 1.78 million or $ 0.31 per share, compared to income of $ 1.33 million or $ 0.25 per share for the year-ago quarter.

The net interest income for the third quarter raised 12.10 percent to $ 5.19 million from $ 4.63 million in the same quarter last year

Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, We are pleased to report on our solid financial performance for the three-month period ended September 30, 2019 and year-to-date. For the most recently ended quarter, our Company had an increase in net income of $450,000, or 34%, on a year-over-year basis.

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