University Bancorp (UNIB) investor relations material

Executive summary

• Net income for 2Q2026 was $2,350,713 ($0.45 per share), up from $2,015,771 ($0.39 per share) in 2Q2025; fully diluted EPS was $0.36 in 2Q2026.

• Six-month net income ended June 30, 2026, was $11,255,597 ($2.18 per share), compared to $1,784,600 ($0.35 per share) for the same period in 2025; fully diluted EPS was $1.74.

• Shareholders' equity at June 30, 2026, was $109,844,993 ($21.25 per share); fully diluted $20.80 per share.

• Return on equity (ROE) annualized for 2Q2026 was 12.3%; trailing twelve months (TTM) ROE was 19.9%.

Financial highlights

• Year-to-date earnings in 2026 benefited from a $4.2M and $1.1M increase in mortgage servicing rights valuation in 2Q and 1Q, respectively.

• Mortgage origination pipeline valuation rose by $431,338 in 2Q2026 and $366,797 in 1Q2026.

• Allowance for loan losses increased by $157,343 in 2Q2026 and $32,205 in 1Q2026.

• Faith-based deposits grew to $208.3 million at June 30, 2026, aided by a new sweep product.

• Cash & equity investment securities available at June 30, 2026, were $56.1 million; $12.5 million credit line unused.

Outlook and guidance

• Anticipates expanded faith-based financing and deposit opportunities following recent acquisitions.

• Expects the Bank of Whittier acquisition to be accretive to EPS over time and to achieve economies of scale after residential servicing transfer.

• Rollout of 1st Mortgage HELOC and fixed home equity second mortgage lending programs in 47 states is underway, with volumes accelerating.