University Bancorp 1Q2021 Net Income $7,703,863, $1.62 Per Share

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Jul 31, 2021

ANN ARBOR, MI / ACCESSWIRE / July 30, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2020 of $7,703,863, $1.62 per share on average shares outstanding of 4,765,518 for the first quarter, versus an unaudited net loss of $453,266, $0.09 per share on average shares outstanding of 5,204,899 for 1Q2020. For the 12 months ended March 31, 2021, net income was $35,859,946, $7.13 per share on average shares outstanding of 5,031,303 for the period.