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Uuniversity Bancorp Inc Michigan (QB)

Uuniversity Bancorp Inc Michigan (QB) (UNIB)

16.82
0.00
( 0.00% )
Updated: 00:16:59

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Key stats and details

Current Price
16.82
Bid
16.84
Offer
17.50
Volume
-
0.00 Day's Range 0.00
12.9352 52 Week Range 17.00
Market Cap
Previous Close
16.82
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
4,110
Shares Outstanding
4,889,518
Dividend Yield
-
PE Ratio
12.35
Earnings Per Share (EPS)
1.36
Revenue
89.06M
Net Profit
6.66M

About Uuniversity Bancorp Inc Michigan (QB)

Ann Arbor-based University Bancorp owns 100% of University Bank which, together with its subsidiaries, holds and manages a total of over $34 billion in loans and assets for over 171,000 customers and our 517 employees make us the 5th largest bank based in Michigan. University Bank is an FDIC-insured... Ann Arbor-based University Bancorp owns 100% of University Bank which, together with its subsidiaries, holds and manages a total of over $34 billion in loans and assets for over 171,000 customers and our 517 employees make us the 5th largest bank based in Michigan. University Bank is an FDIC-insured, locally owned and managed community bank, and meets the financial needs of its community through its creative and innovative services. Founded in 1890, University Bank is proud to have been selected as the "Community Bankers of the Year" by American Banker magazine, as the recipient of the American Bankers Association's Community Bank Award, and as a top 10 "Best Managed Bank" and the bank with the #1 "Best Growth Strategy" by Bank Director Magazine. University Bank is a Member FDIC. The operating subsidiaries of University Bank which are members of our corporate family, ranked by their size of revenues are: Midwest Loan Services, a residential mortgage subservicer based in Houghton, Michigan; University Lending Group, a retail residential mortgage originator based in Clinton Township, Michigan; UIF, a faith based banking firm based in Southfield, Michigan; Community Banking, based in Ann Arbor, Michigan, which provides traditional community banking services in the Ann Arbor area; Ann Arbor Insurance Centre, an independent insurance agency based in Ann Arbor, Michigan, 1st Nations Reverse, a reverse residential mortgage lender; and our mortgage warehouse lending division. Show more

Sector
State Commercial Banks
Industry
State Commercial Banks
Headquarters
Ann Arbor, Michigan, USA
Founded
-
Uuniversity Bancorp Inc Michigan (QB) is listed in the State Commercial Banks sector of the OTCMarkets with ticker UNIB. The last closing price for Uuniversity Bancorp Inc ... (QB) was US$16.82. Over the last year, Uuniversity Bancorp Inc ... (QB) shares have traded in a share price range of US$ 12.9352 to US$ 17.00.

Uuniversity Bancorp Inc ... (QB) currently has 4,889,518 shares in issue. The market capitalisation of Uuniversity Bancorp Inc ... (QB) is US$82.24 million. Uuniversity Bancorp Inc ... (QB) has a price to earnings ratio (PE ratio) of 12.35.

UNIB Latest News

University Bancorp 1Q2014 Loss $371,334, $0.079 per Share

University Bancorp 1Q2014 Loss $371,334, $0.079 per Share ANN ARBOR, MI--(Marketwired - Jun 10, 2014) -  University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net loss...

Unibet Group plc: Bulletin from Unibet Group plc’s Annual General Meeting

Unibet Group plc (STO:UNIB): Today, at the Annual General Meeting, shareholders approved the proposed dividend of GBP 1.100 (equivalent to SEK 12.04 on 10 April 2014 exchange rates and...

University Bancorp 2013 Profit $1,826,008, $0.391 per Share

University Bancorp 2013 Profit $1,826,008, $0.391 per Share ANN ARBOR, MI--(Marketwired - Apr 4, 2014) - University Bancorp, Inc. (OTCQB: UNIB) announced that it had audited net income...

University Bancorp Sets Annual Meeting Date as December 30, 2013 Noon EST

University Bancorp Sets Annual Meeting Date as December 30, 2013 Noon EST ANN ARBOR, MI--(Marketwired - Dec 23, 2013) -  University Bancorp, Inc. (OTCQB: UNIB) today announced that its...

University Bancorp 9M2013 Profit $2,003,295 $0.43 per Share

University Bancorp 9M2013 Profit $2,003,295 $0.43 per Share ANN ARBOR, MI--(Marketwired - Nov 18, 2013) -  University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net...

University Bank Is the Top Rated Michigan Bank According to the IDC Rating Agency

ANN ARBOR, MI -- (Marketwired) -- 09/19/13 -- University Bancorp's (OTCQB: UNIB) wholly owned subsidiary University Bank announced that it had received a perfect score of 300 out of 300 from IDC...

University Bancorp 2H2013 Profit $1,774,791 $0.38 per Share

ANN ARBOR, MI -- (Marketwired) -- 07/31/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders...

University Bancorp 1Q2013 Profit $486,848, $0.104 per Share

ANN ARBOR, MI -- (Marketwired) -- 04/26/13 -- University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40.321.9393939393916.51716.5160016.7640625CS
120.472.87461773716.351715.11411016.06171414CS
263.6227.424242424213.21712.9352252415.32747959CS
522.0213.648648648614.81712.9352213114.98839009CS
156-5.18-23.5454545455222312.9352141215.52313745CS
2608.66106.127450988.16235.75345511.51782609CS

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UNIB Discussion

View Posts
buhg1b buhg1b 17 years ago
University Bancorp Reports 2007 Results
Tuesday April 1, 9:00 am ET

ANN ARBOR, MI--(MARKET WIRE)--Apr 1, 2008 -- University Bancorp, Inc. (NasdaqCM:UNIB - News) reported audited net income of $645,000 versus a net loss of $402,000 in 2006. Basic and diluted earnings (loss) per share for 2007 and 2006 were $0.14 and $(0.10), respectively. For the fourth quarter the unaudited net loss in 2007 was $372,000 or ($0.09) per share versus net loss in 2006 of $52,000 or $(0.01) per share.

Significant progress during the year was made with the following key metrics:


-- Common stockholders' return on equity rose to 13.2% for the year
-- Portfolio loans and financings increased by 15.4% to $58.75 million
-- Net interest & financing income increased by 24.3% to $3.43 million
-- Custodial escrow deposits increased by 29.51% to $34.6 million
-- Total loans subserviced increased by 7.5% to $4.3 billion
-- Mortgages subserviced increased by 4.5% to 33,937


Fourth quarter 2007 earnings were negatively impacted by $333,000 in write-downs on mortgage servicing rights held by our Midwest Loan Services subsidiary due to the sharp drop in long term interest rates during the quarter. Also, Community Banking booked a $172,000 additional allowance for loan losses during the quarter to bolster its reserves. 2007 results were negatively impacted also by the loss of a key account at Midwest Loan Services in April, which reduced our mortgages subserviced by over 7,000 loans. This was the first loss of a major customer since the year 2000 and the first ever credit union customer relationship lost by Midwest.

2006 results were negatively impacted by one-time costs of $260,844 related to the restructuring of an agreement of our Islamic subsidiary to reduce future obligations under the original terms of that agreement.

At December 31, 2007, the Bank's Tier 1 leverage capital ratio was 9.7%, down from 10.2% at September 30, 2007 as the increased custodial escrow and Islamic deposits expanded the bank's balance sheet as planned.

President Stephen Lange Ranzini noted, "In the context of an ongoing Michigan recession, a 13% return on equity for the year for our bank is a very respectable result. Since we did not engage in any of the now criticized practices that have caused other financial institutions large financial losses and because we have been able to take advantage of recent turmoil in the financial markets to increase our income by sharply increasing the size of our AAA rated bond portfolio at excellent spreads, we are anticipating a record year in 2008 unless the economy declines more sharply than anticipated." ...continued

http://biz.yahoo.com/iw/080401/0382146.html
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