United Bancorp, Inc. Reports 2026 Third Quarter and Nine-Month Earnings Performance
Deposit growth and lower interest expense supported net interest income, while a single-borrower charge-off weighed on earnings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
United Bancorp (NASDAQ:UBCP) reported third-quarter diluted earnings per share of $0.25, down year over year and from the preceding quarter. Net income was $1,401,000. A $2,953,000 commercial loan charge-off involving one borrower drove credit-loss provision expense to $2,421,000. Nine-month net income was $5,407,000, with diluted EPS of $0.94, both below the prior-year period.
Nine-month net interest income rose 4.8%, while net interest margin expanded 18 basis points to 3.84%. Deposits increased 12.0% year over year to $722.5 million. Nonaccrual loans and loans past due at least 30 days totaled $2.9 million, down $266,000 year over year; their sequential decline partly reflected the charge-off. The quarterly regular dividend increased 5.3% to $0.1975 per share. The company expects net interest income and margin to continue increasing through the remainder of 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointNine-month net interest income increased $942,000, or 4.8%, year over year.
- Moderate pointNine-month net interest margin expanded 18 basis points year over year to 3.84%.
- Moderate pointThird-quarter pre-provision net revenue, a non-GAAP measure, rose $1,393,000 year over year to $3,490,000, including securities gains.
- Moderate pointTotal deposits grew $77.3 million, or 12.0%, year over year to $722.5 million.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Net interest income and margin are expected by the company to continue increasing through the remainder of 2026.
11 minor points
- Minor pointNine-month interest expense decreased $605,000, or 5.4%, year over year.
- Minor pointNine-month interest income increased $337,000, or 1.1%, year over year.
- Minor pointLower-cost funding represented 70.9% of total deposits at September 30, 2026.
- Minor pointGross loans increased $7.3 million year over year to $503.9 million.
- Minor pointNonaccrual and 30-plus-day past-due loans fell $266,000 year over year to $2.9 million; sequential improvement reflected the charge-off.
- Minor point$20.0 million FHLB advance carrying a 4.39% rate matured in the first quarter of 2026.
- Minor pointThird-quarter regular dividend increased $0.01, or 5.3%, year over year to $0.1975 per share.
- Minor pointSpecial dividend of $0.1750 per share was paid in the first quarter.
- Minor point. Forward-looking: it has not happened yet and may not happen.Loan deployment is anticipated by the company in the upcoming quarter, using funds held in lower-yielding overnight investments.
- Minor point. Forward-looking: it has not happened yet and may not happen.Mortgage expansion is planned through additional loan originators; Treasury Management development also continues.
- Minor point. Forward-looking: it has not happened yet and may not happen.Technology and customer-support rollout is expected by the company to begin by the end of the first quarter of 2027.
Negative
- Moderate pointThird-quarter net income of $1,401,000 and diluted EPS of $0.25 declined year over year and sequentially.
- Moderate point$2,953,000 commercial loan charge-off involved a single borrower in the third quarter. 3.6% of market cap
- Moderate pointThird-quarter credit-loss provision expense increased $2,235,000 year over year to $2,421,000. 2.9% of market cap
- Minor pointNine-month net income of $5,407,000 and diluted EPS of $0.94 declined year over year.
- Minor pointInfrastructure investment spending has a short-term dilutive impact on earnings, the company said.
News Explained
The company reported third-quarter PPNR of
Key Figures
- Diluted EPS
- $0.25
- Three months ended September 30, 2026; decreased year over year and sequentially
- Net income
- $1,401,000
- Three months ended September 30, 2026; decreased year over year and sequentially
- Diluted EPS
- $0.94
- First nine months of 2026; lower than the prior-year period
- Net income
- $5,407,000
- First nine months of 2026; lower than the prior-year period
- Commercial credit charge-off
- $2,953,000
- Third quarter of 2026; single borrower
- Provision for credit loss expense
- $2,421,000
- Third quarter of 2026; increased $2,235,000 year over year
- Pre-Provision Net Revenue
- $3,490,000; increase of $1,393,000
- Third quarter of 2026; described as normalized and excluding the one-time event
- Regular cash dividend
- $0.1975 per share; increase of $0.01 (5.3%)
- Third quarter of 2026
Historical Context
-
Q2 diluted EPS and net income rose year over year, establishing a prior-quarter earnings comparison.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ppnr financial
non-gaap financial
charge-off financial
net interest margin financial
nonaccrual loans financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MARTINS FERRY, OH / ACCESS Newswire / November 5, 2026 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of
Randall M. Greenwood, Senior Vice President, CFO and Treasurer remarked, "During the three-month period ended September 30, 2026, we were impacted by a one-time event that caused earnings to perform below our typical expectations. For the most recently ended quarter, United Bancorp, Inc. (UBCP) produced net income and diluted earnings per share of
Greenwood further remarked, "Many thought that the economic uncertainty with which our country has been dealing for the past several years was finally going to be behind us in 2026. As we entered 2026, forecasts called for solid economic growth as the impact of the tariffs implemented last year was thought to also be behind us and the anticipated increase in tax refund payouts under our new tax policy were anticipated to fuel consumption and growth, driving our Gross Domestic Product (GDP) higher to levels rarely seen. In addition, forecasts for interest rates projected two to three cuts for the fed funds target rate, which would align our country's monetary policy with a more neutral position. Instead of the rate cuts that many anticipated this year, this past quarter the Federal Open Market Committee (FOMC) of the Federal Reserve Bank tightened monetary policy by increasing the target for the federal funds rate by twenty-five (25) basis points to help curb inflation, which has proven to be more ingrained within our economy than previously anticipated. In addition, economic activity remains somewhat restrained by the global uncertainties that have persisted throughout the course of the current year. Even with these challenges, our Company was able to achieve solid growth in its balance sheet for the nine-months ended September 30, 2026. Year-over-year, total assets gross of accumulated other comprehensive loss increased by
Greenwood continued, "Driving the increase in our Company's total assets as of September 30, 2026 was the growth that we experienced in our total deposits. Year-over-year, total deposits grew by
Greenwood further stated, "With the year-over-year increase in total interest income and decrease in total interest expense, UBCP was able to continue the trend of having increasing net interest income and an expanding net interest margin. For the first nine months of 2026, net interest income increased by
Lastly, Greenwood stated, "Relating to the credit-quality metrics for our Company, we saw an improvement relating thereto this quarter. At quarter-end, September 30, 2026, our Company's nonaccrual loans and loans past due thirty-plus days totaled
Scott A. Everson, Chairman, President and CEO stated, "With our committed and long-term focus of growing our balance sheet in a profitable fashion by investing in the infrastructure of our Company, we are very pleased with the "core" financial results that we have achieved in the current year as of September 30, 2026. In addition, we are very satisfied with the progress that we are making on the execution of our plan relating to our investment in infrastructural improvements that will help ensure our relevancy for many years to come and help us achieve our vision of becoming a community financial institution with assets of
Everson also stated, "Relating to other infrastructural investments that we have undertaken within the past year or two, our Company's Unified Mortgage Division continues to contribute meaningfully to fee income. As we focus on further scaling this function with the addition of mortgage loan originators--- and, considering the positive operating leverage that presently exists within this developing division--- we strongly believe that Unified Mortgage will continue to produce increasingly positive results and become more lucrative for our Company. Unified Mortgage is definitely becoming a known entity amongst the realtors within the markets that we serve. We also continue to invest in and develop our Treasury Management capabilities that help our small business customers with cash management, merchant services and payments. This function not only generates fee income for United Bancorp, Inc. (UBCP); but, also is a key driver of low or no cost deposits and strengthens relationship depth with our commercial customers. No doubt, both of these areas contributed to the increasing levels of noninterest income that we generated during the first nine months of this year--- with the latter also contributing to the growth in our low-cost deposits, which helped lead to the increase in deposit totals and decrease in our interest expense level as of September 30, 2026."
Everson continued, "Over the course of 2025 and into the current year, we have and continue to make a tremendous investment in technology. With our enhanced technological product offering, we now have more customers than ever utilizing our consumer and commercial online and mobile platforms and benefitting from these advanced solutions that we offer... which has and will continue to lead to more relationship building and revenue generating opportunities for UBCP. Importantly, we have begun developing and are soon to implement an AI solution designed to help us better serve customers by answering inquiries more efficiently and effectively... guiding customers to the best financial solutions and supporting a more modern, customer-centric approach to delivery. To further supplement this aforementioned AI solution, we are presently in the process of implementing a system specializing in omnichannel account opening, that will allow our Company to fully digitize the account opening process through online, mobile and in-branch platforms... enabling customers, both business and consumer, to open all deposit accounts and most services in person and virtually. These enhanced systems will be housed in our soon-to-open Unified Center (which is located in St. Clairsville, Ohio) and will help support our Unified Care Center that will also be housed at this facility. The Unified Care Center will centralize the customer service function of our Company with team members that are highly skilled and more capable of providing a complete and satisfying "Unified Experience" to customers from any technology platform... via a live video interface. In addition, the Unified Care Center will have a "sales oriented" function, which is anticipated to lead to additional business for our Company by routing inbound banking inquiries and requests from any banking channel to our Unified Care Center, for "in person" consultations with our skilled team members. By having a centralized customer support function staffed with skilled sales and service professionals who are truly "subject matter experts," we believe that we will be able to more effectively and efficiently attract, develop and retain customer relationships with more productive on-boarding and cross-selling practices--- which is anticipated to lead to a higher level of customer satisfaction and overall profitability for UBCP. Being a monumental undertaking that will be transformative for our Company, we anticipate that will begin rolling-out these new technology and support functions by the end of the first quarter of 2027. Ultimately, as this function fully develops, we believe that the Unified Care Center has the potential to become a bona-fide "digital bank" for our Company, which will more readily support our growth and profitability objectives in the coming years!"
Everson further stated, "As always, our primary focus is protecting the investment of our shareholders in our Company and rewarding them in a balanced fashion by growing the value of their investment and paying an attractive cash dividend. In these areas, our shareholders have been nicely rewarded. In the third quarter of this year, UBCP paid a regular cash dividend at a level of
Lastly, Everson concluded, "As you can see, we are currently heavily investing in the infrastructure of our Company to set the stage for future growth and ensure that UBCP remains relevant in the ever-more competitive financial services industry. We firmly believe that within the next twelve to twenty-four months, we will see a solid return on these investments that we have made and are currently implementing to improve our operations and delivery. Even though such expenditures do have a dilutive impact on the earnings that we produce in the short-term, we are starting to see a payoff on these investments as our Pre-Provision Net Revenue has increased somewhat significantly on a year-over-year basis. Even though we had a one-off credit event that impacted earnings for the most recently ended quarter, we firmly believe this event was an anomaly and are truly encouraged by our Company's increasing "core" earnings and balance sheet growth in the first nine months of 2026. We anticipate these positive "core" trends will continue for the remainder of the current year. We are truly excited about UBCP's direction and the potential that it brings. With an ongoing focus on continual process improvement, product development and delivery, we strongly believe that the future for our Company is exceedingly bright."
As of September 30, 2026, United Bancorp, Inc. has total assets of
Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.
United Bancorp, Inc. ("UBCP")
| For the Three Months Ended September 30, | % | $ | |||||||||||||
| 2026 | 2025 | Change | Change | ||||||||||||
Earnings | |||||||||||||||
Interest income on loans | $ | 7,597,806 | $ | 7,599,055 | -0.02 | % | $ | (1,249 | ) | ||||||
Loan fees | 254,305 | 160,873 | 58.08 | % | $ | 93,432 | |||||||||
Interest income on securities | 2,826,597 | 2,875,206 | -1.69 | % | $ | (48,609 | ) | ||||||||
Total interest income | 10,678,708 | 10,635,134 | 0.41 | % | $ | 43,574 | |||||||||
Total interest expense | 3,680,374 | 3,905,674 | -5.77 | % | $ | (225,300 | ) | ||||||||
Net interest income | 6,998,334 | 6,729,460 | 4.00 | % | $ | 268,874 | |||||||||
Provision for credit losses - loans | 2,421,721 | 186,000 | 1202.00 | % | $ | 2,235,721 | |||||||||
Provision for credit losses - off balance sheet commitments | - | - | N/A | $ | - | ||||||||||
Provision for Credit Loss Expense | 2,421,721 | 186,000 | 1202.00 | % | $ | 2,235,721 | |||||||||
Net interest income after provision for credit losses | 4,576,613 | 6,543,460 | -30.06 | % | $ | (1,966,847 | ) | ||||||||
Service charges on deposit accounts | 886,859 | 856,758 | 3.51 | % | $ | 30,101 | |||||||||
Net realized gains on sale of loans | 244,485 | 117,809 | 107.53 | % | $ | 126,676 | |||||||||
Net realized gains on sale of available-for-sale securities | 559,939 | - | N/A | $ | 559,939 | ||||||||||
Other noninterest income | 612,164 | 373,218 | 64.02 | % | $ | 238,946 | |||||||||
Total noninterest income | 2,303,447 | 1,347,785 | 70.91 | % | $ | 955,662 | |||||||||
Total noninterest expense | 5,811,930 | 5,980,591 | -2.82 | % | $ | (168,661 | ) | ||||||||
Earnings before taxes | 1,068,130 | 1,910,654 | -44.10 | % | $ | (842,524 | ) | ||||||||
Income tax benefit | (333,841 | ) | (20,387 | ) | 1537.52 | % | $ | (313,454 | ) | ||||||
Net income | $ | 1,401,971 | $ | 1,931,041 | -27.40 | % | $ | (529,070 | ) | ||||||
Per share | |||||||||||||||
Earnings per common share - Basic | $ | 0.25 | $ | 0.34 | -26.47 | % | |||||||||
Earnings per common share - Diluted | 0.25 | 0.34 | -26.47 | % | |||||||||||
Cash Dividends paid | 0.1975 | 0.1875 | 5.33 | % | |||||||||||
Annualized yield based on quarter end close | 5.34 | % | 5.36 | % | N/A | ||||||||||
Shares Outstanding | |||||||||||||||
Average - Basic | 5,446,769 | 5,486,221 | -------- | ||||||||||||
Average - Diluted | 5,446,769 | 5,486,221 | -------- | ||||||||||||
Common stock, shares issued | 6,253,141 | 6,203,141 | -------- | ||||||||||||
Shares used for Book Value Computation | 5,922,889 | 5,956,278 | |||||||||||||
Shares held as treasury stock | 323,602 | 246,863 | -------- | ||||||||||||
| For the Nine Months Ended September 30, | |||||||||||||||
| % | $ | ||||||||||||||
| 2026 | 2025 | Change | Change | ||||||||||||
Earnings | |||||||||||||||
Interest income on loans | $ | 22,370,855 | $ | 22,109,536 | 1.18 | % | $ | 261,319 | |||||||
Loan fees | 881,161 | 658,156 | 33.88 | % | $ | 223,005 | |||||||||
Interest income on securities | 7,973,549 | 8,120,975 | -1.82 | % | $ | (147,426 | ) | ||||||||
Total interest income | 31,225,565 | 30,888,667 | 1.09 | % | $ | 336,898 | |||||||||
Total interest expense | 10,712,223 | 11,317,143 | -5.35 | % | $ | (604,920 | ) | ||||||||
Net interest income | 20,513,342 | 19,571,524 | 4.81 | % | $ | 941,818 | |||||||||
Provision for credit losses - loans | 2,577,721 | 488,000 | 428.22 | % | $ | 2,089,721 | |||||||||
(Credit) Provision for credit losses - off balance sheet commitments | - | - | N/A | $ | - | ||||||||||
Provision for Credit Loss Expense | 2,577,721 | 488,000 | 428.22 | % | $ | 2,089,721 | |||||||||
Net interest income after provision for credit losses | 17,935,621 | 19,083,524 | -6.02 | % | $ | (1,147,903 | ) | ||||||||
Service charges on deposit accounts | 2,525,840 | 2,391,061 | 5.64 | % | $ | 134,779 | |||||||||
Net realized gains on sale of loans | 573,484 | 342,893 | 67.25 | % | $ | 230,591 | |||||||||
Net realized gains on sale of available-for-sale securities | 559,939 | 143,625 | 289.86 | % | $ | 416,314 | |||||||||
Other noninterest income | 1,686,651 | 1,141,079 | 47.81 | % | $ | 545,572 | |||||||||
Total noninterest income | 5,345,914 | 4,018,658 | 33.03 | % | $ | 1,327,256 | |||||||||
Total noninterest expense | 18,401,855 | 17,408,848 | 5.70 | % | $ | 993,007 | |||||||||
Earnings before income taxes | 4,879,680 | 5,693,334 | -14.29 | % | $ | (813,654 | ) | ||||||||
Income tax benefit | (527,846 | ) | (24,093 | ) | 2090.87 | % | $ | (503,753 | ) | ||||||
Net income | $ | 5,407,526 | $ | 5,717,427 | -5.42 | % | $ | (309,901 | ) | ||||||
Per share | |||||||||||||||
Earnings per common share - Basic | $ | 0.94 | $ | 0.99 | -5.05 | % | |||||||||
Earnings per common share - Diluted | 0.94 | 0.99 | -5.05 | % | |||||||||||
Cash dividends paid | 0.7600 | 0.7300 | 4.11 | % | |||||||||||
Shares Outstanding | |||||||||||||||
Average - Basic | 5,473,232 | 5,494,172 | -------- | ||||||||||||
Average - Diluted | 5,473,232 | 5,494,172 | -------- | ||||||||||||
At quarter end | |||||||||||||||
Total assets net of accumulated other comprehensive loss | $ | 899,335,601 | $ | 866,755,858 | 2.43 | % | $ | 21,363,705 | |||||||
Accumulated other comprehensive loss, net | 23,845,341 | 8,067,820 | 533.52 | % | $ | 20,081,377 | |||||||||
Total assets gross of accumulated other comprehensive loss | 923,180,942 | 874,823,678 | 4.70 | % | $ | 41,445,082 | |||||||||
Total assets (average) | 875,421,000 | 839,519,000 | 4.28 | % | $ | 35,902,000 | |||||||||
Other real estate and repossessions | 3,652,899 | 3,275,530 | 11.52 | % | $ | 377,369 | |||||||||
Gross loans | 503,884,652 | 496,536,989 | 1.48 | % | $ | 7,347,663 | |||||||||
Allowance for credit losses | 3,762,825 | 4,302,545 | -12.54 | % | $ | (539,720 | ) | ||||||||
Net loans | 500,121,827 | 492,234,444 | 1.60 | % | $ | 7,887,383 | |||||||||
Net loans (charge offs) | (2,985,962 | ) | (137,314 | ) | 2074.55 | % | $ | (2,848,648 | ) | ||||||
Net overdrafts (charge offs) | (90,244 | ) | (74,445 | ) | 21.22 | % | $ | (15,799 | ) | ||||||
Total net (charge offs) | (3,076,206 | ) | (211,759 | ) | 1352.69 | % | $ | (2,864,447 | ) | ||||||
Non-accrual loans | 2,144,021 | 2,437,164 | -12.03 | % | $ | (293,143 | ) | ||||||||
Loans past due 30+ days (excludes non accrual loans) | 736,120 | 708,906 | 3.84 | % | $ | 27,214 | |||||||||
Average loans | 500,934,000 | 497,276,000 | 0.74 | % | $ | 3,658,000 | |||||||||
Cash and due from Federal Reserve Bank | 70,247,887 | 45,562,139 | 54.18 | % | $ | 24,685,748 | |||||||||
Average cash and due from Federal Reserve Bank | 46,650,000 | 41,253,000 | 13.08 | % | $ | 5,397,000 | |||||||||
Securities and other restricted stock- Amortized Cost | 256,888,206 | 267,970,098 | -4.14 | % | $ | (11,081,892 | ) | ||||||||
Accumulated other comprehensive loss, gross | (29,999,777 | ) | (10,214,107 | ) | 193.71 | % | $ | (19,785,670 | ) | ||||||
Securities and other restricted stock- Fair Value | 226,888,429 | 257,755,991 | -11.98 | % | $ | (30,867,562 | ) | ||||||||
Average securities and other restricted stock | 236,844,000 | 237,724,000 | -0.37 | % | $ | (880,000 | ) | ||||||||
Bank owned life insurance | 38,855,521 | 20,155,073 | 92.78 | % | $ | 18,700,448 | |||||||||
Average total deposits | 680,616,000 | 632,138,000 | 7.67 | % | $ | 48,478,000 | |||||||||
Total deposits | 722,457,830 | 645,193,065 | 11.98 | % | $ | 77,264,765 | |||||||||
Non interest bearing demand | 164,034,955 | 156,286,567 | 4.96 | % | $ | 7,748,388 | |||||||||
Interest bearing demand | 217,653,268 | 176,556,780 | 23.28 | % | $ | 41,096,488 | |||||||||
Savings | 130,162,455 | 123,219,866 | 5.63 | % | $ | 6,942,589 | |||||||||
Time | 210,607,152 | 189,129,852 | 11.36 | % | $ | 21,477,300 | |||||||||
Advances from the Federal Home Loan Bank | 55,000,000 | 75,000,000 | -26.67 | % | $ | (20,000,000 | ) | ||||||||
Term advances | 55,000,000 | 75,000,000 | -26.67 | % | $ | (20,000,000 | ) | ||||||||
Subordinated debt (net of unamortized issuance costs) | 23,954,126 | 23,893,250 | 0.25 | % | $ | 60,876 | |||||||||
Securities sold under agreements to repurchase | 35,756,600 | 45,513,694 | -21.44 | % | $ | (9,757,094 | ) | ||||||||
Shareholders' equity | 52,142,069 | 66,470,103 | -21.56 | % | $ | (14,328,034 | ) | ||||||||
Common Stock, Additional Paid in Capital | 33,840,409 | 33,104,868 | 2.22 | % | $ | 735,541 | |||||||||
Retained Earnings | 49,454,356 | 47,670,469 | 3.74 | % | $ | 1,783,887 | |||||||||
Share held by Deferred Plan and Treasury Stock | (7,307,355 | ) | (5,719,174 | ) | 27.77 | % | $ | (1,588,181 | ) | ||||||
Accumulated other comprehensive loss, net of tax benefits | (23,845,341 | ) | (8,586,060 | ) | 177.72 | % | $ | (15,259,281 | ) | ||||||
Goodwill and intangible assets (impact on Shareholders' equity) | 682,493 | 692,293 | -1.42 | % | $ | (9,800 | ) | ||||||||
Tangible shareholders' equity | 51,459,576 | 65,777,810 | -21.77 | % | $ | (14,318,234 | ) | ||||||||
Shareholders' equity (average) | 67,053,000 | 61,089,000 | 9.76 | % | $ | 5,964,000 | |||||||||
Stock data | |||||||||||||||
Market value - last close (end of period) | $ | 14.79 | $ | 13.98 | 5.79 | % | |||||||||
Dividend payout ratio (without special dividend) | 62.23 | % | 56.06 | % | 11.01 | % | |||||||||
Book value (end of period) | 8.80 | 11.16 | -21.15 | % | |||||||||||
Tangible book value | 8.69 | 11.04 | -21.29 | % | |||||||||||
Market price to book value | 168.07 | % | 125.27 | % | 34.17 | % | |||||||||
Market price to tangible book value | 170.20 | % | 126.63 | % | 34.40 | % | |||||||||
Key performance ratios | |||||||||||||||
Return on average assets (ROA) | 0.82 | % | 0.91 | % | -0.08 | % | |||||||||
Return on average equity (ROE) | 10.75 | % | 12.48 | % | -1.73 | % | |||||||||
Net interest margin (federal tax equivalent) | 3.84 | % | 3.66 | % | 0.18 | % | |||||||||
Interest expense to average assets | 1.63 | % | 1.80 | % | -0.17 | % | |||||||||
Total allowance for credit losses | |||||||||||||||
to nonaccrual loans | 175.50 | % | 176.54 | % | -1.04 | % | |||||||||
Total allowance for credit losses | |||||||||||||||
to total loans | 0.75 | % | 0.87 | % | -0.12 | % | |||||||||
Net charge-offs to average loans | -0.61 | % | -0.04 | % | -0.57 | % | |||||||||
Nonaccrual loans and OREO to total assets | 0.64 | % | 0.65 | % | -0.01 | % | |||||||||
Equity to assets at period end | 5.80 | % | 7.57 | % | -1.77 | % | |||||||||
Pre Provision Net Revenue("PPNR") | |||||||||||||||
| For the Three Months Ended September 30, | |||||||||||||||
| % | $ | ||||||||||||||
| 2026 | 2025 | Change | Change | ||||||||||||
Net Interest Income | $ | 6,998,334 | $ | 6,729,460 | 4.00 | % | $ | 268,874 | |||||||
Total noninterest income | 2,303,447 | 1,347,785 | 70.91 | % | $ | 955,662 | |||||||||
Total revenue | 9,301,781 | 8,077,245 | 15.16 | % | $ | 1,224,536 | |||||||||
Less: non interest expense | 5,811,930 | 5,980,591 | -2.82 | % | $ | (168,661 | ) | ||||||||
PPNR (Non-GAAP) | 3,489,851 | 2,096,654 | 66.45 | % | $ | 1,393,197 | |||||||||
Total gross of accumulated other comprehensive loss | |||||||||||||||
Total assets | $ | 899,335,601 | $ | 866,755,858 | 3.76 | % | $ | 32,579,743 | |||||||
Accumulated other comprehensive loss, net | 23,845,341 | 8,586,060 | 177.72 | % | $ | 15,259,281 | |||||||||
Total assets gross of accumulated other comprehensive loss | 923,180,942 | 875,341,918 | 5.47 | % | $ | 47,839,024 | |||||||||
| Contacts: | Scott A. Everson | Randall M. Greenwood | ||
| Chairman, President and CEO | Senior Vice President, CFO and Treasurer | |||
| (740) 633-0445, ext. 6154 | (740) 633-0445, ext. 6181 | |||
| ceo@unitedbancorp.com | cfo@unitedbancorp.com |
SOURCE: United Bancorp, Inc. (Ohio)
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were United Bancorp's third-quarter 2026 earnings?
United Bancorp earned $1,401,000, or $0.25 per diluted share, in the three months ended September 30, 2026. Both measures declined from the preceding quarter and the same quarter of the prior year.
Why did UBCP's third-quarter 2026 earnings decline?
A $2,953,000 charge-off of a commercial credit to one borrower drove third-quarter credit-loss provision expense to $2,421,000. That expense increased $2,235,000 year over year and weighed on quarterly earnings.
What technology changes is United Bancorp planning?
United Bancorp expects to begin rolling out new technology and customer-support functions by the end of the first quarter of 2027. The work includes an AI inquiry solution, digital account opening and a centralized Unified Care Center at the planned Unified Center in St. Clairsville, Ohio.
How does United Bancorp define pre-provision net revenue?
United Bancorp defines pre-provision net revenue as net interest income plus noninterest income, less noninterest expense. This non-GAAP measure totaled $3,490,000 in the third quarter of 2026, including a $560,000 net realized gain on sales of available securities, and increased $1,393,000 year over year.