University Bancorp 3Q2020 Net Income $11,483,780, $2.21 Per Share; Record Profits & Revenue

Nov 12, 2020

ANN ARBOR, MI / ACCESSWIRE / November 11, 2020 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 3Q2020 of $11,483,780, $2.21 per share on average shares outstanding of 5,206,899 for the third quarter, versus an unaudited net income of $2,167,535, $0.42 per share on average shares outstanding of 5,204,899 for 3Q2019. For the 12 months ended September 30, 2020, net income was $21,302,068, $4.09 per share on average shares outstanding of 5,205,399 for the period. For 3Q2020 minority expense of $1,329,733 was incurred.

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