Welcome to our dedicated page for University Bncp news (Ticker: UNIB), a resource for investors and traders seeking the latest updates and insights on University Bncp stock.
University Bncp (UNIB), the FDIC-insured community bank serving Michigan since 1890, provides timely financial updates through this dedicated news hub. Track official announcements covering mortgage servicing innovations through Hyrex Servicing, quarterly earnings, and strategic initiatives supporting local businesses.
Investors and community members will find:
• Earnings reports detailing financial performance
• Acquisition updates including mortgage servicing expansions
• Regulatory developments for FDIC-insured operations
• Community program launches supporting Ann Arbor/Ypsilanti regions
Bookmark this page for verified updates on UNIB's unique blend of traditional community banking and modern mortgage asset management solutions.
University Bank (OTCQB: UNIB) will acquire an additional 37.4999% of Credit Union Trust for $3.75 million, increasing its stake to 49.9999% with an effective closing date of December 31, 2025. All regulatory approvals and required paperwork are complete and the month-end close is intended to simplify GAAP post-acquisition accounting.
Credit Union Trust, based in Troy, MI, provides trust, estate administration and wealth management and reported $134.7 million in assets under management as of 11/30/2025. The transaction is described as a key part of University Bank's wealth management strategy.
University Bancorp (OTCQB:UNIB) signed definitive agreements to acquire Greater Pacific Bancshares, its wholly owned Bank of Whittier, NA, and American Finance House LARIBA. The transactions are expected to close in Q1 or Q2 2026 and remain subject to regulatory and shareholder approvals.
Key metrics: LARIBA had $17.68M total assets and $10.75M equity (9/30/2025); BOW had $167.36M assets and $24.79M equity (9/30/2025); UIF had $438.83M assets and managed $3.5B of servicing RAs (9/30/2025). LARIBA purchase consideration totals $8,178,684 (approximate book value). Pro forma UNIB shareholders' equity is expected to exceed $137.5M after a recent $25M preferred raise and a 666,108 share exchange.
University Bancorp (OTCQB: UNIB) closed a $25 million equity investment from Castle Creek Fund and will close a $12.5 million one-year line of credit on Dec 2, 2025 with interest indexed to WSJ Prime (floor 5.00%, ceiling 25.00%).
The Series 6 preferred pays 6% annual dividends, stepping to 12% after year five, is convertible at $19.05 per share, includes redemption/conversion mechanics and board nomination and registration rights, and includes pro rata preemptive rights. Management targets SEC registration within five years and called an annual meeting for Dec 17, 2025. Common quarterly dividend is $0.10 (record Dec 1, payable Dec 8, 2025).
University Bancorp (OTCQB:UNIB) reported unaudited 3Q2025 net income of $4,371,716 or $0.85 per share on 5,169,518 average shares. For the 9 months ended Sept 30, 2025 net income was $5,535,896 ($1.19 per share) versus $7,913,973 ($1.53) for the prior-year period. Twelve months ended Sept 30, 2025 net income was $8,640,829 ($1.67 per share).
Shareholders' equity was $98.32 million ($19.02 per share) at Sept 30, 2025. Total consolidated assets were $1.1586 billion; management plans ~$84 million of loan sales to keep assets below $1 billion at year-end. Cash and available securities were $26.0 million and a $12.5 million credit line was approved.
University Bancorp (OTCQB:UNIB) and its team have secured multiple prestigious awards in 2025. The bank received both the USA Today national award and Detroit Free Press Top Workplace award as a top employer, based on third-party employee polling.
Midwest Loan Services, their mortgage subservicing division serving 321 financial institutions, earned Fannie Mae's STAR™ Performer Award for 2024 excellence in General Servicing. Additionally, CEO Stephen Lange Ranzini was included in Marquis' Who's Who in the World 2025, while Julie Burzynski was named a National Mortgage Professional Woman of Inspiration.
The company reported strong financial performance for 2024, with 18.65% revenue growth and a 12.5% Return on Equity. Shareholders' equity at University Bank exceeded $100 million for the first time, while UNIB's shareholders' equity reached $93.59 million ($18.10 per share) as of December 31, 2024.
University Bancorp (OTCQB:UNIB) reported strong financial results for 2024, with audited net income of $10,467,383 attributable to common stockholders ($2.02 per share), a significant increase from $5,426,558 ($1.07 per share) in 2023.
The company achieved a 12.5% return on equity in 2024, up from 7.1% in 2023. Shareholders' equity reached $93.59 million ($18.10 per share) by year-end 2024. The board instituted a new dividend policy, including a special $0.20 dividend and quarterly $0.10 payments.
Key highlights include:
- Overall revenue growth of 18.65% in 2024
- Mortgage originations of $1.1 billion in 2024
- Portfolio loans increased to $782.4 million
- Net interest margin exceeded $3 million monthly
- Bank maintained assets under $1 billion to avoid additional regulatory costs
University Bancorp (UNIB) has acquired 6,200 common shares of Currency Exchange International (CXI) through the Toronto Stock Exchange at an average price of C$20.05 per share, totaling C$124,310. This strategic investment increases UNIB's ownership from 9.90% (627,310 shares) to 10.00% (633,510 shares) of CXI's outstanding common shares.
The acquisition was disclosed through an early warning report under National Instrument 62-103. UNIB states it holds CXI shares for investment purposes and will continue reviewing investment performance and alternatives, including potentially increasing or decreasing its position, hedging its exposure, or engaging with CXI's management regarding business operations and strategy.
University Bancorp (OTCQB:UNIB) has issued $15 million in Senior Unsecured Notes to institutional investors, maturing on January 31, 2030, with a fixed interest rate of 9.25% per annum. The company has the option to redeem the Notes starting January 31, 2028. As of September 30, 2024, the company also had $28 million of Subordinated Notes outstanding and a $10 million Line of Credit. The company's cash and equity investment securities totaled $19.7 million as of September 30, 2024. Notably, the shareholders' equity of University Bank, the company's wholly-owned subsidiary, surpassed $100 million as of August 31, 2024, marking a significant milestone.
University Bancorp (OTCQB:UNIB) reported strong financial results for Q2 2024, with net income of $3,039,641 ($0.59 per share), a significant increase from $1,557,298 ($0.32 per share) in Q2 2023. The company's performance shows consistent growth, with net income rising steadily since Q2 2022. Key highlights include:
- Shareholders' equity reached $89,472,148 ($17.31 per share)
- Loan portfolio grew to $785.1 million as of 6/30/2024
- Return on Equity (ROE) improved to 14.5% in Q2 2024
- Total Assets increased to $996,079,589
- Tier 1 Leverage Capital Ratio stood at 10.18%
The company's subservicing business, Midwest Loan Services, is expected to grow with new client acquisitions. University Bancorp continues to expand its business development efforts, including faith-based deposits and nationwide mortgage lending licenses.
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