United Bancorp Q3 EPS $0.25; Net Income $1.4M; Asset Growth
United Bancorp, Inc. reported its third quarter and nine-month 2026 financial results. For the third quarter, the company announced diluted earnings per share of $0.25 and net income of $1.401 million, representing a decrease compared to the same period in the prior year. This decline was primarily attributed to a one-time charge-off of a commercial credit amounting to $2.953 million, which resulted in a significant increase in the provision for credit losses. Despite this, the company highlighted a substantial year-over-year increase in Pre-Provision Net Revenue (PPNR) and strong balance sheet growth, with total assets surpassing $900 million for the first time. For the first nine months of 2026, diluted EPS was $0.94 and net income was $5.407 million. The company also noted an increase in its regular cash dividend and continued investment in technology and infrastructure for future growth.
Key Highlights
- United Bancorp reported Q3 2026 diluted EPS of $0.25 and net income of $1.401M, down from $0.34 and $1.931M in Q3 2025.
- Nine-month 2026 diluted EPS was $0.94 and net income was $5.407M, compared to $0.99 and $5.717M in the prior year.
- Q3 2026 results were impacted by a $2.953M commercial credit charge-off, leading to a $2.421M provision for credit losses.
- Pre-Provision Net Revenue (PPNR) for Q3 2026 was $3.490M, an increase of $1.393M year-over-year.
- Total assets grew 5.5% year-over-year to $923.2M, surpassing the $900M threshold for the first time.
- Total deposits increased 12.0% year-over-year to $722.5M.
- The company declared a regular cash dividend of $0.1975 per share for Q3 2026, an increase of 5.3% year-over-year.
Price Impact
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