United Bancorp Q2 2024 EPS $0.30, net income down 24% YoY; net interest margin 3.54%

UNITED BANCORP INC /OH/

2024-Q2 EPS reported $0.64

Diluted EPS $0.30 for Q2 2024, down $0.10 YoY from $0.40; net income $1.739M vs $2.279M.
First-half 2024 EPS $0.64, down $0.09 YoY; net income $3.732M vs $4.168M.
Net interest margin 3.54%, up 8 bps linked quarter but down 4 bps YoY; net interest income declined $143K QoQ.
Provision for credit losses $104K for Q2, reversing negative provision from prior year; reduced EPS by ~$0.04.
Nonaccrual loans $1.15M (0.24% of loans), up $463K YoY but down $284K linked quarter; NPA/assets 0.46%.

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