United Bancorp Q3 net income up 6.1% due to asset growth

United Bancorp

06/11/2025 16:08

Overview

United Bancorp Q3 net income rises 6.1% yr/yr, diluted EPS up 9.7%

Company's net interest income grows 9.6% yr/yr, driven by asset expansion

Company maintains strong credit metrics despite increased provision for credit losses

Outlook

United Bancorp anticipates continued growth in net interest income and margin this year

Company expects loan growth to boost interest income in Q4

Economic uncertainty from trade policies and government shutdown may impact results

Result Drivers

ASSET GROWTH - Growth in total assets, particularly from gross loans and cash reserves, drove net interest income expansion

INVESTMENT STRATEGY - Investment of excess reserves into municipal securities with high yields contributed to interest income

CREDIT METRICS - Despite economic uncertainties, the company maintained strong credit metrics with low nonperforming assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.34
Q3 Basic EPS
$0.34


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for United Bancorp Inc is $20.00, about 37.2% above its November 5 closing price of $12.55

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nACSZKpQ7a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)