UNIVERSITY BANCORP 2Q2023 NET INCOME $1,557,298, $0.32 PER SHARE

Ann Arbor, Michigan, September 6, 2023, -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 2Q2023 of $1,557,298, $0.32 per share on average shares outstanding of 4,929,518 for the second quarter, versus an