Quarterly ResultMay 14, 2026, 12:16 PM
United Bancorp Q1 Net Income $1.91M; EPS $0.33
AI Summary
United Bancorp reported a positive first quarter for 2026, with net income rising to $1.91 million from $1.87 million year-over-year. Basic and diluted earnings per share also saw an increase to $0.33. The company experienced growth in net interest income and noninterest income, alongside a decrease in interest expense and a lower provision for credit losses. Total assets, deposits, and loans all showed an increase compared to the end of the previous fiscal year.
Key Highlights
- Net income for Q1 2026 increased to $1.91 million from $1.87 million in Q1 2025.
- Basic and diluted EPS rose to $0.33 in Q1 2026, up from $0.32 in Q1 2025.
- Net interest income grew to $6.51 million in Q1 2026, compared to $6.25 million in Q1 2025.
- Total deposits increased to $666.66 million as of March 31, 2026, from $641.37 million at December 31, 2025.
- Total loans, net, increased to $496.09 million as of March 31, 2026, from $487.30 million at December 31, 2025.
- Provision for credit loss expense decreased to $30 thousand in Q1 2026 from $96 thousand in Q1 2025.
- Dividends per share increased to $0.3675 in Q1 2026 from $0.3575 in Q1 2025.
Price Impact
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