STOCK TITAN

UNIVERSITY BANCORP MICH - UNIB STOCK NEWS

Welcome to our dedicated news page for UNIVERSITY BANCORP MICH (Ticker: UNIB), a resource for investors and traders seeking the latest updates and insights on UNIVERSITY BANCORP MICH.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UNIVERSITY BANCORP MICH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UNIVERSITY BANCORP MICH's position in the market.

Rhea-AI Summary
University Bancorp, Inc. reports unaudited net income of $1.6 million in 2Q2023, compared to $141,370 in 2Q2022. Mortgage origination volumes are at 27-year lows. ROE is improving, reaching 17.4% in June 2023. Business development efforts are ongoing. Total assets at 6/30/23 were $833.5 million. Delinquent loans total $2.7 million. Overall asset quality remains strong.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
University Bancorp, Inc. reports unaudited net income of $1,557,298 in 2Q2023, a significant increase from $141,370 in 2Q2022. Shareholders' equity is $78,550,184. Mortgage origination volumes are at a 27-year low. Despite industry conditions, University Bank has maintained profitability and increased loan portfolio to $621.5 million. ROE is steadily rising. Midwest Loan Services has been negatively impacted by lower profitability. The company is pursuing growth opportunities and considering a merger or acquisition. Total assets are $833,497,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
dividends
UNIVERSITY BANCORP MICH

OTC:UNIB

UNIB Rankings

UNIB Stock Data

65.07M
Commercial Banking
Finance and Insurance
Link
United States of America
Ann Arbor

About UNIB

university bank is an fdic insured, locally owned and locally managed community bank primarily serving the cities of ann arbor and ypsilanti of washtenaw county, michigan. the community banking operation focuses on local businesses, local residents, minorities and non-profit organizations. other community banking specialties include highly competitive deposit products, residential and commercial real estate mortgage lending and business loans. insurance and stock, bond and mutual fund investments are also available to our customers through our wholly owned subsidiary university insurance & investments, inc. member fdic ©