University Bancorp (UNIB) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 was $1.91 million, or $0.39 per share, compared to a net loss of $0.04 per share in the previous quarter and $0.35 per share year-to-date.

• Consolidated assets increased 3.1% month-over-month to $1.10 billion, with notable growth in cash, investments, and loans held for sale.

Financial highlights

• Total interest income for Q2 2025 rose 13% year-over-year to $5.38 million and 10% year-to-date to $30.25 million.

• Net interest margin after provision was $4.18 million, up 31% year-over-year.

• Non-interest income (excluding FMV adjustments) was $6.86 million, up 13% year-over-year.

• Total operating income for Q2 2025 was $2.32 million, up 15% year-over-year.

• Book value per share increased to $18.28 at June 30, 2025, from $17.92 at March 31, 2025.

Outlook and guidance

• Loan growth remains robust, with loans held for sale up 10.3% month-over-month and home equity loans up 5.8%.

• Net yield improved to 4.24% annualized, up from 4.21% in the prior month.