University Bancorp, Inc. (UNIB)

University Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	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	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	5.79%	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.