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Article: United Bancorp, Inc. Reports Earnings Per Share Increases of 12.5% for the Nine-Months Ended September 30, 2002.
- Article from:
- PR Newswire
- Article date:
- October 17, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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United Bancorp, Inc. , headquartered in Martins Ferry, Ohio reported earnings of $2,219,918 compared to $2,020,006 for the nine months ended September 30, 2002 and 2001, respectively. On a per share basis, basic earnings per share was $0.72 for the nine months ended September 30, 2002 compared to $0.64 for the nine months ended September 30, 2001, up 12.5%.
Randall M. Greenwood, Senior Vice President and CFO of UBCP stated annualized nine-months earnings generated a 0.87% return on average assets and a 9.61% return on average equity compared to 0.81% and 9.03% for the same period in 2001. Financial results were restated to take into consideration the 5% share ...
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