University Bancorp 2024 Net Income $10,467,383, $2.02 Per Share [Yahoo! Finance]
UNIVERSITY BANCORP MICH (UNIB)
US:NASDAQ Investor Relations:
university-bank.com/bancorp
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Source: Yahoo! Finance
of $11,818,099 in 2024, of which $10,467,383 was attributable to UNIB common stockholders, $2.02 per share on average shares outstanding of 5,169,518 for the year, versus audited net income of $6,799,619 in 2023, of which $5,426,558 was attributable to UNIB common stockholders, $1.07 per share on average shares outstanding of 4,936,751 for 2023. For 2024, UNIB had a return on equity attributable to common stock shareholders of 12.5% on initial equity attributable to common stock shareholders of $83,970,376. Return on equity attributable to common stockholders in 2023 was 7.1% on initial equity of $76,283,525. Shareholders' equity attributable to UNIB common stock shareholders at December 31, 2024 was $93,590,773 (excluding minority interest of $11,961,541), or $18.10 per share, based on common shares outstanding at December 31, 2024 of 5,169,518, up from $16.24 per share at the end of 2023. In late 2024, the board of UNIB instituted a new dividend policy and after paying a special
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