Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

United Bancorp Q1 net earnings up

United Bancorp has reported net earnings of $903,000 for the first quarter ended March 31, 2008, compared to $718,000 for the corresponding period of 2007.

The diluted earnings per share were $0.20 for the first quarter of 2008, an increase of 25% compared to $0.16 for the same period in 2007.

Randall Greenwood, senior vice president, CFO and treasurer at United Bancorp, said: The company’s three month earnings in 2008 generated an annualized 0.81% return on average assets and a 10% return on average equity, compared to 0.69% ROA and 8.8% ROE for the comparable three month period in 2007.