University Bancorp, Inc. (UNIB)

University Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	54.54	42.27	20.59	11.75	10.74
Interest Income on Investments	3.76	5.5	1.65	0.42	0.86
Total Interest Income	58.3	47.76	22.24	12.17	11.6
Interest Paid on Deposits	14.1	12.92	1.1	0.07	0.11
Interest Paid on Borrowings	7.05	3.59	0.72	0.09	0.09
Total Interest Expense	21.15	16.5	1.83	0.15	0.2
Net Interest Income	37.15	31.26	20.41	12.02	11.4
Net Interest Income Growth (YoY)	18.86%	53.12%	69.86%	5.43%	-7.79%
Gain (Loss) on Sale of Investments	-0.5	-1.69	-1.38	-	-
Other Non-Interest Income	35.5	31.76	45.15	46.49	24.93
Total Non-Interest Income	66.96	57.81	71.7	121.12	126.08
Non-Interest Income Growth (YoY)	15.84%	-19.38%	-40.80%	-3.93%	122.75%
Revenues Before Loan Losses	104.11	89.06	92.12	133.13	137.48
Provision for Loan Losses	0.71	0.96	-0.03	-0.43	3.57
Revenue	103.4	88.1	92.15	133.56	133.9
Revenue Growth (YoY)	17.36%	-4.39%	-31.01%	-0.25%	94.30%
Salaries and Employee Benefits	58.55	54.19	59.3	71.17	70.55
Federal Deposit Insurance	0.67	0.58	0.13	0.12	0.09
Amortization of Goodwill & Intangibles	0.06	0.06	0.06	0.06	0.05
Selling, General & Administrative	23.66	19.75	20.58	19.54	17.39
Other Non-Interest Expense	5.88	4.45	6.88	6.53	6.23
Total Non-Interest Expense	88.82	79.03	86.95	97.43	94.31
EBT Excluding Unusual Items	14.58	9.07	5.2	36.14	39.6
Other Unusual Items	-	-	0.13	-0.11	-0.68
Pretax Income	14.58	9.07	5.33	36.02	38.92
Income Tax Expense	2.76	2.27	1.12	7.98	8.2
Earnings From Continuing Operations	11.82	6.8	4.21	28.04	30.72
Minority Interest in Earnings	-1.35	-1.37	-0.42	-2.72	-2.71
Net Income	10.47	5.43	3.79	25.32	28
Preferred Dividends & Other Adjustments	-	0.14	0.17	1.69	0.3
Net Income to Common	10.47	5.29	3.62	23.63	27.7
Net Income Growth	92.89%	43.20%	-85.03%	-9.58%	674.24%
Basic Shares Outstanding	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5
Shares Change (YoY)	4.71%	-0.01%	1.03%	-6.28%	-0.22%
EPS (Basic)	2.02	1.07	0.74	4.90	5.39
EPS (Diluted)	2.02	1.07	0.73	4.84	5.31
EPS Growth	88.78%	46.58%	-84.92%	-8.85%	742.86%
Dividend Per Share	0.100	-	0.450	0.380	0.150
Dividend Growth	-	-	18.42%	153.33%	-
Effective Tax Rate	18.95%	25.04%	20.99%	22.16%	21.07%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.