United Bancorp Q3 profit falls 27% to $1.4 million on $2.95 million loan charge-off
United Bancorp (UBCP) reported third-quarter 2026 net income of $1.4 million, or $0.25 per diluted share, down 27.4% from $1.9 million, or $0.34, a year earlier. Management attributed the decline to a $2,953,000 charge-off of a single commercial credit, which raised the quarter's provision for credit losses to $2,421,000. Total revenue rose 15.16% and pre-provision net revenue rose 66.45%, but the one-time loan loss reduced earnings for shareholders.
Key points
- Q3 2026 net income of $1,401,000 and diluted EPS of $0.25, versus $0.34 in Q3 2025
- Nine-month net income of $5,407,000 and diluted EPS of $0.94, versus $0.99 a year earlier
- Single commercial borrower charge-off of $2,953,000 drove a Q3 provision for credit losses of $2,421,000
- Non-GAAP pre-provision net revenue of $3,490,000 for Q3, up $1,393,000 year over year, including a $560,000 securities gain
The filing
Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.
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