United Bancorp Q4 EPS up 12.9%; Net Interest Income +8.6% to $6.9M
United Bancorp posted Q4 EPS of $0.35, up 12.9% year-over-year, on a 5.2% rise in total interest income to $10.6M. Net interest income climbed 8.6% to $6.9M despite a 49.4% surge in credit loss provisions, while net income rose 10% to $2M with a $0.7M securities-sale gain.
1. Q4 Financial Highlights
United Bancorp delivered Q4 EPS of $0.35, a 12.9% increase from the prior year, driven by a 5.2% rise in total interest income to $10.6 million and an 8.6% increase in net interest income to $6.9 million.
2. Credit Loss Provisions and Securities Gains
The bank’s provision for credit losses jumped 49.4% year-over-year, but net income still rose 10% to $2.0 million, aided by a $0.7 million gain on the sale of available-for-sale securities during the quarter.
3. Strategic Outlook
Management highlighted investments in a new Wheeling, WV branch and digital platform upgrades, reiterated a goal to grow total assets above $1 billion, and expects continued margin improvement and lower funding costs in 2026.