Vmbook Online ordering

Savings Loans

United Community Bancorp (UCBA) is a bank holding company based in Chardon, Ohio, USA. The company operates through its subsidiary, Union Community Bank, providing a range of banking services to individuals, businesses, and communities in Northeastern Ohio.

In terms of financial performance, UCBA has shown consistent growth in earnings over the past few years. For the full year 2021, the company reported net income of $24.6 million, representing a 33% increase compared to 2020. Earnings per share (EPS) for 2021 were $1.22, up from $0.91 in 2020.

The company's total assets have also been growing steadily, reaching $2.3 billion at the end of 2021, up from $2.1 billion in 2020. This growth has been driven by increases in loans and deposits, as well as the acquisition of assets from other banks.

UCBA has a strong capital position, with a Tier 1 leverage ratio of 11.03% at the end of 2021. This ratio measures a bank's core equity capital as a percentage of its total assets, and a higher ratio indicates a stronger financial position.

In terms of valuation, UCBA's stock price has risen significantly over the past year, reflecting the company's strong financial performance. However, the stock is still trading at a reasonable price-to-earnings (P/E) ratio of 13.7 compared to the industry average.

Overall, UCBA appears to be a well-run bank with a solid financial position, consistent earnings growth, and a reasonable valuation. However, like any investment, there are risks and uncertainties that could impact the company's future performance. Investors should do their own research and consult with a financial advisor before making any investment decisions.