United Bancorp Q2 FY26 net income rises 9.4% to $2.1 million

United Bancorp posted Q2 net income of $2.1 million, up 9.4% year over year; diluted EPS rose 9.1% to $0.36.

• Net interest income climbed 6.2% in the quarter; six-month net interest margin widened 17 basis points to 3.82%.
• Noninterest expense increased 10.1% in the quarter, driven by higher salaries and benefits, occupancy costs, and data processing spending.
• Total assets rose 3.6% year over year to $878 million; deposits increased 6.8% to $686.9 million.
• Management said it expects net interest income and net interest margin to keep rising through 2026, citing deposit mix and loan repricing.