University Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	61.79	54.54	42.27	20.59	11.75
Interest Income on Investments	3.64	3.76	5.5	1.65	0.42
Total Interest Income	65.43	58.3	47.76	22.24	12.17
Interest Paid on Deposits	17.24	14.1	12.92	1.1	0.07
Interest Paid on Borrowings	7.46	7.05	3.59	0.72	0.09
Total Interest Expense	24.7	21.15	16.5	1.83	0.15
Net Interest Income	40.73	37.15	31.26	20.41	12.02
Net Interest Income Growth (YoY)	9.64%	18.86%	53.12%	69.86%	5.43%
Gain (Loss) on Sale of Investments	0.41	-0.5	-1.69	-1.38	-
Other Non-Interest Income	36.26	35.5	31.76	45.15	46.49
Total Non-Interest Income	72.08	66.96	57.81	71.7	121.12
Non-Interest Income Growth (YoY)	7.64%	15.84%	-19.38%	-40.80%	-3.93%
Revenues Before Loan Losses	112.81	104.11	89.06	92.12	133.13
Provision for Loan Losses	-0.6	0.71	0.96	-0.03	-0.43
Revenue	113.42	103.4	88.1	92.15	133.56
Revenue Growth (YoY)	9.69%	17.36%	-4.39%	-31.01%	-0.25%
Salaries and Employee Benefits	67.23	58.55	54.19	59.3	71.17
Federal Deposit Insurance	0.61	0.67	0.58	0.13	0.12
Amortization of Goodwill & Intangibles	0.06	0.06	0.06	0.06	0.06
Selling, General & Administrative	25.98	23.66	19.75	20.58	19.54
Other Non-Interest Expense	7.25	5.88	4.45	6.88	6.53
Total Non-Interest Expense	101.13	88.82	79.03	86.95	97.43
EBT Excluding Unusual Items	12.28	14.58	9.07	5.2	36.14
Other Unusual Items	-	-	-	0.13	-0.11
Pretax Income	12.28	14.58	9.07	5.33	36.02
Income Tax Expense	2.31	2.76	2.27	1.12	7.98
Earnings From Continuing Operations	9.97	11.82	6.8	4.21	28.04
Minority Interest in Earnings	-0.95	-1.35	-1.37	-0.42	-2.72
Net Income	9.02	10.47	5.43	3.79	25.32
Preferred Dividends & Other Adjustments	-	-	0.14	0.17	1.69
Net Income to Common	9.02	10.47	5.29	3.62	23.63
Net Income Growth	-13.80%	92.89%	43.20%	-85.03%	-9.58%
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%
EPS (Basic)	1.75	2.02	1.07	0.74	4.90
EPS (Diluted)	1.70	2.02	1.07	0.73	4.84
EPS Growth	-15.84%	88.78%	46.58%	-84.92%	-8.85%
Dividend Per Share	-	0.100	-	0.450	0.380
Dividend Growth	-	-	-	18.42%	153.33%
Effective Tax Rate	18.83%	18.95%	25.04%	20.99%	22.16%

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