United Bancorp, Inc. Reports Earnings of $.15 per Share - United Bancorp (NASDAQ:UBCP)

27% profit every 20 days?

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United Bancorp, Inc. (Nasdaq: UBCP) reported net income of $711,000 for the quarter ended September 30, 2010, compared to $758,000 for the quarter ended September 30, 2009, a decrease of 6.2%. On a per share basis, the Company's three months diluted earnings were $0.15 for the 2010 period, as compared to $0.16 for the same period in 2009. For the nine months ended September 30, 2010 the Company reported net income of $2,094,000, compared to $2,230,000 for the nine months ended September 30, 2009, a decrease of $136,000 or 6.1%. On a per share basis, the Company's nine months diluted earnings were $0.43 for 2010, as compared to $0.48 for 2009.

27% profit every 20 days?

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