Quarterly ResultMay 7, 2026, 04:57 PM
United Bancorp Q1 Diluted EPS $0.33; Net Income +2.1%
AI Summary
United Bancorp, Inc. reported diluted earnings per share of $0.33 and net income of $1,911,000 for the first quarter ended March 31, 2026, representing increases of 3.1% and 2.1% year-over-year, respectively. The company achieved balance sheet growth with total assets up 3.6% to $858.5 million and total deposits increasing 6.8% to $666.7 million. Management expressed satisfaction with these results, noting positive trends in net interest income and margin, and highlighted significant investments in infrastructure, including a new banking center and advanced technology solutions, expected to drive future growth and profitability.
Key Highlights
- Diluted EPS increased 3.1% to $0.33 for Q1 2026.
- Net income rose 2.1% to $1,911,000 for the quarter.
- Total assets grew 3.6% year-over-year to $858.5 million.
- Total deposits increased 6.8% year-over-year to $666.7 million.
- Net interest income increased 4.2% to $6,511,183, with net interest margin expanding to 3.72%.
- Paid a regular cash dividend of $0.1925 (+5.5% YoY) and a special dividend of $0.175.
- New Wheeling, WV banking center exceeded first-year loan growth forecast in three months.
- Regulatory capital increased 2.7% year-over-year to $75.3 million.