United Bancorp | 10-Q: FY2025 Q3 Revenue: USD 11.98 M

Revenue: As of FY2025 Q3, the actual value is USD 11.98 M.

EPS: As of FY2025 Q3, the actual value is USD 0.34.

EBIT: As of FY2025 Q3, the actual value is USD -4.818 M.

Interest and Dividend Income: Total interest and dividend income for the three months ended September 30, 2025 was $10,635,000, compared to $9,944,000 for the same period in 2024. For the nine months ended September 30, 2025, total interest and dividend income was $30,888,000, compared to $29,443,000 for the same period in 2024.

Net Income: Net income for the three months ended September 30, 2025 was $1,931,000, compared to $1,820,000 for the same period in 2024. For the nine months ended September 30, 2025, net income was $5,717,000, compared to $5,553,000 for the same period in 2024.
Net Interest Income: Net interest income for the three months ended September 30, 2025 was $6,729,000, compared to $6,139,000 for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $19,571,000, compared to $18,456,000 for the same period in 2024.
Provision for Credit Losses: Provision for credit losses for the three months ended September 30, 2025 was $186,000, compared to $69,000 for the same period in 2024. For the nine months ended September 30, 2025, provision for credit losses was $488,000, compared to $174,000 for the same period in 2024.

Net Cash Provided by Operating Activities: Net cash provided by operating activities for the nine months ended September 30, 2025 was $8,010,000, compared to $7,236,000 for the same period in 2024.
Net Cash Used in Investing Activities: Net cash used in investing activities for the nine months ended September 30, 2025 was - $24,202,000, compared to - $9,203,000 for the same period in 2024.
Net Cash Provided by Financing Activities: Net cash provided by financing activities for the nine months ended September 30, 2025 was $42,236,000, compared to - $1,025,000 for the same period in 2024.

Total Assets: Total assets as of September 30, 2025 were $866,756,000, compared to $816,656,000 as of December 31, 2024.
Total Deposits: Total deposits as of September 30, 2025 were $645,193,000, compared to $613,494,000 as of December 31, 2024.

Core Business Focus: The company plans to continue growing its asset base to a level of $1.0 billion or greater, focusing on expanding its loan portfolio and increasing its net interest income and margin. The company is investing in infrastructure, product development, and delivery to achieve future growth and higher performance over the next twelve to twenty-four months.
Non-Core Business: The company is developing new initiatives such as the Unified Mortgage Division and Treasury Management function to generate higher levels of fee income and attract more deposits. The company is also investing in technology and digital transformation to meet changing customer needs and attract new customers.