Article: United Bancorp, Inc. Reports Earnings of $0.48 per Share for the Nine Months Ended September 30, 2009.(Financial report)

United Bancorp, Inc. (NASDAQ:UBCP), headquartered in Martins Ferry, Ohio reported earnings of $2,230,000 for the nine months ended September 30, 2009, compared to $2,825,000 for the nine months ended September 30, 2008, a decrease of 21.1%. On a per share basis, the Company's nine months diluted earnings were $0.48 for 2009, as compared to $0.62 for 2008, a decrease of 22.6%.

Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "The Company's nine months earnings in 2009 generated an annualized 0.66% return on average assets ("ROA") and an 8.74% return on average equity ("ROE"), compared to 0.87% ROA and 11.30% ROE for the first nine months in ...

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