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University Bancorp 1Q2021 Net Income $7,703,863, $1.62 Per Share
ACCESSWIRE
31 Jul 2021, 06:19 GMT+10
ANN ARBOR, MI / ACCESSWIRE / July 30, 2021 /University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2020 of $7,703,863, $1.62 per share on average shares outstanding of 4,765,518 for the first quarter, versus an unaudited net loss of $453,266, $0.09 per share on average shares outstanding of 5,204,899 for 1Q2020. For the 12 months ended March 31, 2021, net income was $35,859,946, $7.13 per share on average shares outstanding of 5,031,303 for the period.
Shareholders equity attributable to University Bancorp, Inc. common stock shareholders was $58,579,620 or $12.19 per share, based on shares outstanding at March 31, 2020 of 4,765,518.
University Bancorp 2020 Net Income $28,002,817, $5.39 Per Share; #1 Publicly Traded Bank in U.S. With ROAE of 65.4%
ACCESSWIRE
31 Jul 2021, 06:19 GMT+10
ANN ARBOR, MI / ACCESSWIRE / July 30, 2021 / University Bancorp, Inc. (OTCQB:UNIB) announced that it had audited net income of $28,002,817 in 2020, of which $27,702,817 was attributable to University Bancorp, Inc. common stockholders, $5.39 per share on average shares outstanding of 5,141,148 for the year, versus audited net income of $3,616,824 in 2019, of which $3,316,824 was attributable to University Bancorp, Inc. common stockholders, $0.64 per share on average shares outstanding of 5,203,967 for 2019.
For 2020, University Bancorp, Inc. (the Company) had a return on equity attributable to common stock shareholders of 97.0% on initial equity attributable to common stock shareholders of $28,552,142. Return on equity attributable to common stock in 2019 was 13.2% on initial equity of $25,189,720. Shareholders equity attributabl
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