United Bancorp FY26 Q2 net income rises 9.41% to $2.09 million
UBCP•Management commentary
Management cited a deposit mix shift and the maturity of a $20 million FHLB advance.
It also said the Wheeling, West Virginia hub, which opened in December, exceeded expectations.
Balance sheet and credit metrics
Total assets rose 3.6% from a year earlier to $878 million, and deposits grew 6.8% to $686.9 million.
First-half net interest margin widened 17 basis points to 3.82%. Nonaccrual loans and 30+ day delinquencies totaled $6.9 million, or 1.4% of gross loans.
Second-quarter and first-half results
United Bancorp posted Q2 diluted EPS of $0.36, up 9.1% year over year, as net income rose 9.4% to $2.1 million.
First-half diluted EPS increased 6.2% to $0.69, while net income climbed 5.8% to $4 million.
