Welcome to our dedicated page for U & I Financial news (Ticker: UNIF), a resource for investors and traders seeking the latest updates and insights on U & I Financial stock.
U & I Financial Corp. reports recurring developments for UniBank, its wholly owned bank subsidiary serving small to medium-sized businesses, professionals and individuals. Company news centers on quarterly and annual operating results, net income or loss, earnings per share, net interest income, tax items and provisions for credit losses.
Updates also describe UniBank's loan portfolio, deposit base, asset levels, credit quality, non-accrual or charged-off loans, recoveries, regulatory capital ratios and bank Call Report matters. The bank emphasizes government guaranteed loan programs and provides access through Washington branches, online banking and an ATM network.
U & I Financial Corp. (OTCQX:UNIF) reported strong first-quarter earnings for 2021, with a net income of $1.6 million ($0.29 per share), an 18.3% increase from $1.4 million ($0.25 per share) in Q1 2020. Total assets rose to $411.9 million, up 16.4% year-over-year. Net loans increased by 23.1% to $296.1 million, while total deposits grew 17.0% to $342.3 million. The net interest margin expanded to 4.09%. The company remains a leading SBA and USDA lender amidst economic recovery, expressing optimism for future growth.
U & I Financial Corp. (OTCQX: UNIF) reported record quarterly earnings of $1.8 million or $0.33 per share for Q4, up from $1.4 million or $0.26 per share in 2019. For the year, net income reached an annual record of $6.2 million or $1.12 per share, a $589 thousand increase. Total assets rose by 16.2% to $403.9 million. Net loans grew 21.4% to $290.1 million. Total deposits increased by 16.5% to $337.6 million. Despite economic uncertainty, the company achieved significant milestones, including being the #1 SBA lender in its market area.