Archive for the Press Releases Category

UNIVERSITY BANCORP 2Q2017 NET INCOME $908,956, $0.175 PER SHARE; FIRST HALF REVENUE RISES 52.6% OVER PRIOR YEAR

For Immediate Release UNIVERSITY BANCORP 2Q2017 NET INCOME $908,956, $0.175 PER SHARE; FIRST HALF REVENUE RISES 52.6% OVER PRIOR YEAR                                 Ann Arbor, Michigan, August 14, 2017, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2017 of $908,956, $0.175 per share on average shares outstanding of 5,200,899 for the second quarter,… Continue Reading UNIVERSITY BANCORP 2Q2017 NET INCOME $908,956, $0.175 PER SHARE; FIRST HALF REVENUE RISES 52.6% OVER PRIOR YEAR

UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR

UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR                                                                         Ann Arbor, Michigan, June 19, 2017, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2017 of $900,023, $0.175 per share on average shares outstanding of 5,146,177 for the first quarter, versus an… Continue Reading UNIVERSITY BANCORP 1Q2017 NET INCOME $900,023, $0.175 PER SHARE; FIRST QUARTER REVENUE RISES 41.7% OVER PRIOR YEAR

UNIVERSITY BANCORP 2016 NET INCOME $3,806,197, $0.75 PER SHARE; RETURN ON EQUITY IS 25.7% WHILE REVENUE GROWS 16.7%

 UNIVERSITY BANCORP 2016 NET INCOME $3,806,197, $0.75 PER SHARE; RETURN ON EQUITY IS 25.7% WHILE REVENUE GROWS 16.7%                        Ann Arbor, Michigan, April 7, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2016 of $3,806,197, $0.75 per share on average shares outstanding of 5,100,899 for the year, versus audited net income… Continue Reading UNIVERSITY BANCORP 2016 NET INCOME $3,806,197, $0.75 PER SHARE; RETURN ON EQUITY IS 25.7% WHILE REVENUE GROWS 16.7%

UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST

For Immediate Release Contact:  Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com  UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST Ann Arbor, Michigan, December 21, 2016, — University Bancorp, Inc. (OTCQB: UNIB) today announced that its 2016 annual shareholder meeting has been scheduled for December 23, 2016, beginning at Noon EST at University Bank’s headquarters at 2015… Continue Reading UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 23, 2016 NOON EST

UNIVERSITY BANCORP 3Q2016 NET INCOME $1,500,414; $0.294 PER SHARE

For Immediate Release Contact:  Stephen Lange Ranzini, President and CEO Phone: 734-741-5858, Ext. 9226 Email: ranzini@university-bank.com  UNIVERSITY BANCORP 3Q2016 NET INCOME $1,500,414; $0.294 PER SHARE                                                  Ann Arbor, Michigan, November 21, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 3Q2016 of $1,500,414, $0.294 per share on average shares outstanding of… Continue Reading UNIVERSITY BANCORP 3Q2016 NET INCOME $1,500,414; $0.294 PER SHARE

UNIVERSITY BANCORP 2Q2016 NET INCOME $991,934 $0.194 PER SHARE

For Immediate Release UNIVERSITY BANCORP 2Q2016 NET INCOME $991,934 $0.194 PER SHARE     Ann Arbor, Michigan, September 6, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2016 of $991,934, $0.194 per share on average shares outstanding of 5,100,899 for the second quarter, versus an unaudited net income of $2,184,026,… Continue Reading UNIVERSITY BANCORP 2Q2016 NET INCOME $991,934 $0.194 PER SHARE

UNIVERSITY BANCORP 1Q2016 NET LOSS $224,897, $0.044 PER SHARE

For Immediate Release UNIVERSITY BANCORP 1Q2016 NET LOSS $224,897, $0.044 PER SHARE   Ann Arbor, Michigan, June 15, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net loss attributable to University Bancorp, Inc. common stock shareholders in 1Q2016 of ($224,897), ($0.044) per share on average shares outstanding of 5,100,899 for the first quarter, versus an unaudited net income of $67,864,… Continue Reading UNIVERSITY BANCORP 1Q2016 NET LOSS $224,897, $0.044 PER SHARE

UNIVERSITY BANK ISSUES $2.5 MILLION 5.75% PERPETUAL NOTE

For Immediate Release Ann Arbor, Michigan, April 6, 2016, — University Bank, a subsidiary of University Bancorp, Inc. (OTCQB: UNIB), announced that it has issued to a private investor group a $2.5 million Tier 1 Participatory Note Certificate.  The Note Certificate is perpetual and has no maturity date.  The additional capital increases University Bank’s regulatory capital by approximately 18.5% to support recent and future growth.… Continue Reading UNIVERSITY BANK ISSUES $2.5 MILLION 5.75% PERPETUAL NOTE

UNIVERSITY BANCORP 2015 NET INCOME $3,139,217, $0.618 PER SHARE

For Immediate Release Ann Arbor, Michigan, April 1, 2016, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income attributable to University Bancorp, Inc. common stock shareholders in 2015 of $3,139,217, $0.618 per share on average shares outstanding of 5,080,372 for the year, versus audited net income of $755,181, $0.16 per share on average shares outstanding of 4,722,776 for 2014.  For 2015,… Continue Reading UNIVERSITY BANCORP 2015 NET INCOME $3,139,217, $0.618 PER SHARE

AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015

For Immediate Release AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015                             Ann Arbor, Michigan, May 3, 2016, — University Bancorp, Inc. (OTCQB: UNIB), announced that it was ranked as the #1 banking firm in the entire United States in 2015 based on average return on shareholders’ equity according to American Banker magazine.  The bank holding company… Continue Reading AMERICAN BANKER NOTES UNIVERSITY BANCORP WAS THE #1 TOP PERFORMING PUBLICLY TRADED BANKING FIRM NATIONWIDE IN 2015

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