United Bancorp Second Quarter 2024 Earnings: EPS: US$0.29 (vs US$0.41 in 2Q 2023)

United Bancorp (NASDAQ:UBCP) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$7.15m (down 5.1% from 2Q 2023).
• Net income: US$1.66m (down 26% from 2Q 2023).
• Profit margin: 23% (down from 30% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.29 (down from US$0.41 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Bancorp Earnings Insights

Looking ahead, revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.5%.

Performance of the American Banks industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - United Bancorp has 3 warning signs we think you should be aware of.

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