University Bancorp (UNIB) Q3 2025 earnings summary

Executive summary

• Net income for the quarter ended September 30, 2025, was $4.02 million, with year-to-date net income reaching $8.78 million, reflecting a 2% increase year-over-year.

• Total assets at the consolidated level grew to $1.13 billion, up 2.6% month-over-month, driven by increases in commercial and home equity loans.

Financial highlights

• Total interest income for the year-to-date was $47.07 million, up 11% year-over-year.

• Net interest margin for the year-to-date was $15.93 million, a 13% increase from the prior year.

• Non-interest income (excluding FMV adjustments) reached $20.48 million year-to-date, up 3% year-over-year.

• Total operating income for the year-to-date was $11.58 million, down 6% from the prior year.

• Book value per share as of September 30, 2025, was $19.02.

Outlook and guidance

• Loan growth remains robust, particularly in commercial and home equity segments, supporting continued asset expansion.

• Management expects continued margin pressure from lower yields on loans and higher deposit costs.