University Bancorp (UNIB) Q1 2025 earnings summary

Executive summary

• Net loss of $231,170 for the quarter ended March 31, 2025, with a net loss per share of $0.04.

• Total assets reached $136.9 million at the holding company level and $1.02 billion at the consolidated bank level.

Financial highlights

• Total revenues for the quarter were $750,560, with significant negative impact from mark-to-market losses on securities and FX.

• Interest expense on notes payable was $924,375, contributing to a pre-tax loss.

• Consolidated bank net income before minority interest was $1,355,611 for the quarter.

• Book value per share stood at $18.02 with 5,169,518 shares outstanding.

Outlook and guidance

• Net yield on assets declined to 3.98% from 4.08% in the prior month, reflecting margin pressure.

• Loan yields and deposit costs showed slight decreases, indicating a competitive lending environment.