United Bancorp reported second-quarter 2026 net income of $2,094,738 and diluted earnings per share of $0.36, up 9.4% and 9.1% year-over-year respectively. For the six months ended June 30, 2026, net income was $4,005,555 and diluted EPS was $0.69, increases of 5.8% and 6.2% year-over-year. The company cited balance-sheet growth, deposit inflows and investments in technology and infrastructure as drivers of the results.

Financial Highlights

  • Net income: $2,094,738 for the three months ended June 30, 2026, a 9.41% increase versus Q2 2025.
  • Diluted earnings per share: $0.36 for Q2 2026, up 9.09% from $0.33 in Q2 2025; diluted EPS for six months was $0.69.
  • Total interest income: $10,532,241 in Q2 2026, a 1.16% increase year-over-year; total interest expense decreased 7.52% to $3,528,416.
  • Net interest income: $7,003,825 in Q2 2026, a 6.18% increase year-over-year; six-month net interest income was $13,515,008, up 5.24% year-over-year.
  • Total noninterest income: $1,617,654 in Q2 2026 (up 16.42% YoY); total noninterest expense: $6,434,682 in Q2 2026 (up 10.14% YoY).

Business Highlights

  • Total assets grew to $877.97 million at June 30, 2026, a 3.55% increase year-over-year, driven by higher securities and bank-owned life insurance balances.
  • Total deposits increased to $686.94 million (up 6.84% YoY), with growth concentrated in lower-cost core deposit categories—demand and savings—supporting reduced interest expense.
  • Net interest margin (federal tax equivalent) expanded to 3.82% for the six months ended June 30, 2026, up 17 basis points from the prior year.
  • Operational investments: opened a new regional banking center in Wheeling, WV (Dec 9, 2025) and is implementing centralized technology and customer service infrastructure, including an upcoming Unified Center and Unified Care Center with omnichannel account opening and AI capabilities.
  • Credit dynamics: nonaccrual loans and loans past due 30+ days totaled $6.9 million (1.4% of gross loans) at quarter-end; management attributes much of the year-over-year increase to one commercial relationship.

Original SEC Filing:

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