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University Bancorp (UNIB) reports developments tied to its role as a Federal Reserve-regulated financial holding company with University Bank as a core subsidiary. Recurring updates cover audited and unaudited earnings, shareholders' equity, tangible book value, deposit growth, community banking activity, and faith-based banking products.
Company news also includes capital actions, preferred equity financing, credit facilities, bank-level asset management, public financial-services investments, and acquisition activity connected to banking, insurance, mortgage services, loan origination, and wealth management strategy.
University Bank (OTCQB:UNIB) was named a 2026 USA TODAY Top Workplace, its second consecutive year receiving the award. The recognition is based entirely on confidential employee feedback collected via an independent survey.
As of March 31, 2026, University Bank reported 533 full-time equivalent employees. The Top Workplaces program invited more than 42,000 organizations nationwide and recognizes employers with 150+ employees for strong employee engagement and trust in leadership.
University Bancorp (OTCQB:UNIB) reported 1Q2026 net income attributable to common shareholders of $8,904,884 or $1.72 per share on 5,169,518 average shares, versus a 1Q2025 net loss. TTM ROE was 19.5% and annualized 1Q2026 ROE was 35.8%. Deposits, acquisitions and investment positions expanded, with faith-based deposits at $189.3M and CU Trust ownership increased to 49.999%.
Liquidity included $59.4M in cash and securities and a $6.4M put option portfolio; $36.8M of working capital is concentrated in three public investments.
University Bancorp (OTCQB:UNIB) reported audited 2025 net income of $9,971,303, with $9,022,486 attributable to common shareholders, or $1.70 per share on 5,169,518 shares. Revenue reached a record $137.5 million (+9.8% YoY). Shareholders' equity rose to $100.29 million ($19.40/share). Total assets at University Bank were $1.1098 billion at 12/31/2025. The board declared annual dividends of $0.40 per share. Management cited higher portfolio mortgage holdings, mortgage origination expense of $24.2 million, and strategic acquisitions and product expansions targeting 2026 growth.
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