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Get filing alertsUnited Bancorp reports Q2 2026 EPS of $0.36, up 9.1% on deposit growth and margin expansion
Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Q2 2026 diluted EPS of $0.36 and net income of $2,095,000, up 9.1% and 9.4% year-over-year; six-month EPS of $0.69 and net income of $4,006,000, up 6.2% and 5.8%.
Item 2.02 verify on EDGAR → -
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Net interest margin expanded 17 basis points to 3.82% for the first six months of 2026, driven by loan repricing, lower-cost deposit growth, and maturity of a $20.0 million FHLB advance at 4.39%.
Exhibit 99 view on EDGAR → -
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Total deposits grew $44.0 million (6.8%) to $686.9 million, with lower-cost deposits increasing $30.8 million to $481.9 million (70.2% of total deposits), improving funding mix.
Exhibit 99 view on EDGAR → -
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Nonaccrual loans and loans past due 30+ days increased $4.7 million year-over-year to $6.9 million (1.4% of gross loans), driven by a single $4.2 million commercial loan relationship classified as nonaccrual in Q1 2026.
Exhibit 99 view on EDGAR → -
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Exhibit 99 view on EDGAR →
Summary
United Bancorp reported solid Q2 2026 results with diluted EPS of $0.36, up 9.1% year-over-year, driven by balance sheet expansion and improving profitability metrics.
Net interest margin expanded 17 basis points to 3.82% for the first six months of 2026, reflecting successful loan repricing, favorable deposit mix shifts toward lower-cost funding (now 70.2% of total deposits), and the maturity of a high-cost FHLB advance.
Total deposits grew $44.0 million (6.8%) to $686.9 million, with the new Wheeling, West Virginia regional hub exceeding expectations in its first six months of operation. The primary concern for retail holders is the $4.7 million year-over-year increase in nonaccrual loans to $6.9 million (1.4% of gross loans), driven almost entirely by a single $4.2 million commercial loan relationship that moved to nonaccrual status in Q1 2026. Management characterized this as an isolated event rather than a portfolio-wide credit deterioration, and overall credit quality metrics remain sound. The company is also investing in technology infrastructure and the new banking center, which are currently dilutive to earnings but are expected to generate returns within 12 to 24 months. Management expects the positive margin trend to continue through the remainder of 2026.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
United Bancorp announced Q2 2026 earnings results via press release.
Added in current filing · verify on EDGAR →
On July 23, 2026, United Bancorp, Inc. issued a press release announcing its results of operations and financial condition for and as of the three and six month periods ended June 30, 2026, unaudited.
United Bancorp disclosed its quarterly earnings for the three and six months ended June 30, 2026. The results are unaudited and were released via press release furnished as Exhibit 99. The 8-K body does not contain the actual financial figures; those would be in the attached exhibit.
Event · Exhibit 99
Added in current filing · view on EDGAR →
United Bancorp, Inc. (NASDAQ: UBCP) reported diluted earnings per share of $0.36 and net income of $2,095,000 for the three months ended June 30, 2026. For the first six months of the current year, UBCP reported diluted earnings per share of $0.69 and net income of $4,006,000.
UBCP reported Q2 2026 diluted EPS of $0.36 and net income of $2,095,000, representing increases of $0.03 (9.1%) and $180,000 (9.4%) year-over-year. For the first six months of 2026, diluted EPS was $0.69 and net income was $4,006,000, up $0.04 (6.2%) and $219,000 (5.8%) year-over-year. Management attributed the growth to balance sheet expansion, deposit mix improvement, and margin expansion despite ongoing infrastructure investments.
Added in current filing · view on EDGAR →
During the first half of 2026, total deposits grew by $44.0 million, or 6.8%, to a level of $686.9 million. Much of this increase in our total deposits came from growth in our lower-cost funding--- consisting of noninterest bearing demand, interest bearing demand and savings--- with balances increasing by $30.8 million, or 6.8%, to a level of $481.9 million (which is 70.2% of total deposits). In addition, higher-cost time deposits increased by $13.2 million, or 6.9%, to a level of $205.0 million (which is 29.8% of total deposits).
Total deposits grew $44.0 million (6.8%) year-over-year to $686.9 million, with lower-cost deposits (noninterest bearing demand, interest bearing demand, and savings) increasing $30.8 million to $481.9 million (70.2% of total deposits). Time deposits increased $13.2 million to $205.0 million (29.8% of total deposits). The favorable deposit mix shift contributed to a 17 basis point decline in interest expense to average assets and a 17 basis point expansion in net interest margin to 3.82%.
Added in current filing · view on EDGAR →
For the first six months of 2026, net interest income increased by $673,000, or 5.2%, and the net interest margin increased by seventeen basis points (17bps) to a level of 3.82%, both year-over-year.
Net interest income increased $673,000 (5.2%) year-over-year for the first six months of 2026, while the net interest margin expanded 17 basis points to 3.82%. Management attributed the improvement to growth in interest-earning assets, loan repricing at higher rates, attraction of lower-cost deposits, and the maturity of a $20.0 million FHLB advance that carried a 4.39% rate. Management expects this positive trend to continue through the remainder of 2026.
Added in current filing · view on EDGAR →
we opened our newest banking center… a regional hub… in the appealing market of Wheeling, West Virginia, on December 9, 2025. As June 30, 2026, this office has been very well received by this vibrant market and has exceeded our performance expectations during the first six months of operation. A lot of the growth in our depository base can be attributed to this new office.
UBCP opened a new regional hub banking center in Wheeling, West Virginia on December 9, 2025, which has exceeded performance expectations in its first six months and contributed significantly to deposit growth. Management is also investing in technology infrastructure including AI-powered customer service solutions, omnichannel account opening systems, and a centralized Unified Care Center expected to be fully implemented by year-end. These investments are currently dilutive to earnings but are expected to generate returns within 12 to 24 months.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify