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 Bancorp (OTCQB:UNIB) closed a $25 million private placement of subordinated notes, adding debt financing that matures on October 30, 2036. The company plans to use net proceeds to increase common equity at its wholly owned banking subsidiaries and redeem other outstanding senior or subordinated notes, alongside general corporate purposes.
The notes carry 8.125% fixed interest for the first five years, followed by a quarterly reset to three-month Secured Overnight Financing Rate, an interest-rate benchmark, plus 355 basis points. A $25 million, five-year forward interest rate swap at 4.70% effectively fixes the second five years' interest rate at 8.25%. The company can redeem the notes without penalty, in whole or part, beginning October 30, 2031, and on subsequent interest payment dates, or earlier upon specified events.
University Bancorp (UNIB) announced a strategic alliance with a profitable, rapidly growing FinTech to launch an OND-based Payments Hub at University Bank.
The alliance includes a $5 million combination of debt and equity investment by UNIB in the FinTech, commercial agreements to cross-sell banking and payments services across both customer bases, and the FinTech becoming the first production user of University Bank's new Payments Hub once additional functionality is ready, currently expected in 2027. University Bank plans to invest a further $1.25 million to tailor the Hub to the FinTech's needs.
The Payments Hub will connect to FedNow and legacy payment systems, use ISO 20022 messaging, and add an OND layer combining distributed ledger, object level security and quantum-computing-resistant encryption. The company believes this could be the first commercial use of quantum proof encryption in banking payments and that OND-based Digital Dollar use cases could enable an estimated $3,092.4 billion in value across multiple sectors.
University Bancorp (UNIB) reported unaudited 2Q2026 net income attributable to common shareholders of $2,350,713, or $0.45 per share, versus a net loss of $2,015,771, or $0.39 per share, in 2Q2025. Fully diluted EPS in 2Q2026 was $0.36.
For the six months ended June 30, 2026, net income rose to $11,255,597, or $2.18 per share, compared to $1,784,600, or $0.35 per share, in 1H2025, with fully diluted EPS of $1.74. Shareholders’ equity attributable to common shareholders was $109,844,993, or $21.25 per share, and $20.80 per share on a fully diluted basis. Annualized 2Q2026 ROE was 12.3%, and the trailing twelve-month ROE was 19.9%.
Results were aided by mortgage servicing rights valuation gains of $5.3 million across 1H2026 and higher mortgage pipeline valuations, partially offset by higher loan loss allowances. UNIB closed the acquisition of American Finance House Lariba on April 1, 2026 and completed the $37.2 million acquisition of Greater Pacific Bancshares and Bank of Whittier, NA on July 1, 2026.
University Bancorp (OTCQB: UNIB) received all regulatory approvals to increase its ownership of Greater Pacific Bancshares (GPB) from 8.93% to 100%, with closing scheduled for July 1, 2026. GPB will be merged into UNIB and Bank of Whittier will become a wholly owned subsidiary.
The total purchase price is $36,779,800. UNIB plans to retain all Bank of Whittier employees, pursue economies of scale, transfer residential servicing to Midwest Loan Services, and use approximately $60 million of Bank of Whittier cash for faith-based portfolio financings. UNIB anticipates the deal will be accretive to EPS over time.
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).