Revenue: As of FY2026 Q1, the actual value is USD 11.44 M.EPS: As of FY2026 Q1, the actual value is USD 0.33.EBIT: As of FY2026 Q1, the actual value is USD -4.76 M.<h4>Net Income and Earnings</h4>Net income for the three months ended March 31, 2026, was $1,911,000, an increase of $39,000, or 2.1%, compared to the same period in 2025. The detailed table shows net income of $1,910,816 for Q1 2026, up 2.08% from $1,871,872 in Q1 2025.<h4>Revenue and Interest Income</h4>Total interest income was $10,014,617 for Q1 2026, an increase of 1.75% or $172,429, from $9,842,188 in Q1 2025. Interest income on loans increased by $165,276, or 2.33%, to $7,269,752 in Q1 2026 from $7,104,476 in Q1 2025. Loan fees increased by $32,240, or 14.48%, to $254,962 in Q1 2026 from $222,722 in Q1 2025. Interest income on securities decreased by - $25,087, or -1.00%, to $2,489,903 in Q1 2026 from $2,514,990 in Q1 2025.Total noninterest income was $1,424,812 for Q1 2026, an increase of 11.19% or $143,402, from $1,281,410 in Q1 2025. Service charge on deposit accounts increased by $59,537, or 8.13%, to $792,188 in Q1 2026 from $732,651 in Q1 2025. Net realized gains on sale of loans increased by $13,813, or 16.37%, to $98,200 in Q1 2026 from $84,387 in Q1 2025. Net realized gain (loss) on sale of available-for-sale securities changed from $143,625 in Q1 2025 to $0 in Q1 2026, a decrease of - $143,625. Other noninterest income increased by $213,677, or 66.62%, to $534,424 in Q1 2026 from $320,747 in Q1 2025.<h4>Operational Costs and Profitability</h4>Total interest expense was $3,503,434 for Q1 2026, a decrease of -2.57% or - $92,569, from $3,596,003 in Q1 2025, attributed to the downward repricing of core deposits and the maturity of a $20.0 million Federal Home Loan Bank (FHLB) Advance.Net interest income increased by $265,000, or 4.2%, to $6,511,183 in Q1 2026 from $6,246,185 in Q1 2025.Net interest margin increased by twelve basis points (12bps) to 3.72% in Q1 2026 from 3.60% in Q1 2025.Provision for credit losses decreased by - $66,000 to $30,000 in Q1 2026 from $96,000 in Q1 2025.Total noninterest expense increased by $569,167, or 10.19%, to $6,155,243 in Q1 2026 from $5,586,076 in Q1 2025.Income tax (benefit) expense was - $160,064 in Q1 2026, compared to - $26,353 in Q1 2025, a change of - $133,711.<h4>Balance Sheet Metrics (Year-over-Year as of March 31)</h4>Total assets increased by $27.8 million, or 3.6%, to $858.5 million in Q1 2026 from $830,681,164 in Q1 2025.Gross loans increased by $3.5 million, or 0.70%, to $500.3 million in Q1 2026 from $496,866,008 in Q1 2025.Securities increased by $6.0 million, or 2.58%, to $239.9 million in Q1 2026 from $233,868,149 in Q1 2025.Bank-owned life insurance increased by $18.3 million, or 91.63%, to $38.2 million in Q1 2026 from $19,954,627 in Q1 2025.Total deposits grew by $42.6 million, or 6.8%, to $666.7 million in Q1 2026 from $624,081,193 in Q1 2025. Lower-cost funding (noninterest bearing demand, interest bearing demand, and savings) increased by $27.4 million to $474.6 million, representing 71.2% of total deposits. Higher-cost time deposits increased by $15.2 million to $192.0 million, representing 28.8% of total deposits.Shareholders’ equity increased by $6,697,613, or 11.02%, to $67,498,833 in Q1 2026 from $60,801,220 in Q1 2025.Regulatory capital was $75.3 million, or 8.8% of average assets, an increase of $2.0 million, or 2.7%, year-over-year.<h4>Credit Quality Metrics (Year-over-Year as of March 31)</h4>Combined delinquency and nonaccrual loan levels increased by $4.0 million year-over-year to $6.8 million (1.36% of gross loans) in Q1 2026, including a $4.2 million commercial loan relationship classified as nonaccrual.Nonaccrual loans increased by $4,541,070, or 234.37%, to $6,478,613 in Q1 2026 from $1,937,543 in Q1 2025.Loans past due 30+ days (excludes nonaccrual loans) decreased by - $559,687, or -61.92%, to $344,222 (0.07% of gross loans) in Q1 2026 from $903,909 in Q1 2025.Net loans charged off (excluding overdrafts) were - $16,000 in Q1 2026, which on an annualized basis is -0.01% of average loans.Total net charge-offs were - $41,069 in Q1 2026, an increase of 48.25% from - $27,702 in Q1 2025.<h4>Dividends</h4>United Bancorp, Inc. paid a regular cash dividend of $0.1925 per share in Q1 2026, an increase of $0.01, or 5.5%, year-over-year.A special cash dividend of $0.175 was also paid in Q1 2026, totaling $0.3675 in combined dividends.The forward yield produced by the regular cash dividend is 5.1%, and 6.2% inclusive of the special dividend, based on the March 31, 2026 fair market value of $15.21.<h4>Outlook / Guidance</h4>United Bancorp, Inc. anticipates positive trends in net interest income and net interest margin to continue throughout 2026. Management expects a significant return on current infrastructure investments within the next twelve to twenty-four months, leading to higher earnings. New technology and support functions, including the Unified Customer Care Center, are projected to be fully implemented by year-end 2026 to support future growth and profitability objectives.

United Bancorp | 8-K: FY2026 Q1 Revenue: USD 11.44 M