U & I Financial Corp. Reports First Quarter 2021 Financial Results
ACCESSWIRE
Continues Growth in the New Year
LYNNWOOD, WA / ACCESSWIRE / April 29, 2021 / U & I Financial Corp. (OTCQX:UNIF), the holding company for UniBank, today reported quarterly earnings of $1.6 million or $0.29 per share in the first quarter, as compared to $1.4 million or $0.25 per share for the same quarter of 2020, increasing by $250 thousand or 18.3%, primarily due to increased Net Interest Income.
As of March 31, 2021, total assets ended at a record, $411.9 million, increasing by $58.0 million or 16.4% from the year earlier period of $353.9 million. Net loans reached a record $296.1 million, increasing by $55.6 million or 23.1% from the year earlier period of $240.4 million. Finally, total deposits grew by $49.7 million or 17.0% to a record, $342.3 million, from the year earlier period of $292.6 million.
U & I Financial Corp. (Washington): U & I Financial Corp. Reports First Quarter 2021 Financial Results
Continues Growth in the New Year
LYNNWOOD, WA / ACCESSWIRE / April 29, 2021 / U & I Financial Corp. (OTCQX:UNIF), the holding company for UniBank, today reported quarterly earnings of $1.6 million or $0.29 per share in the first quarter, as compared to $1.4 million or $0.25 per share for the same quarter of 2020, increasing by $250 thousand or 18.3%, primarily due to increased Net Interest Income.
As of March 31, 2021, total assets ended at a record, $411.9 million, increasing by $58.0 million or 16.4% from the year earlier period of $353.9 million. Net loans reached a record $296.1 million, increasing by $55.6 million or 23.1% from the year earlier period of $240.4 million. Finally, total deposits grew by $49.7 million or 17.0% to a record, $342.3 million, from the year earlier period of $292.6 million.