University Bancorp (UNIB) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $4.92M, or $0.95/share, vs. $2.35M and $0.45/share in Q2; 9M net income reached $16.18M, vs. $6.16M in 9M 2025.

• Annualized Q3 ROE was 19.8%; TTM ROE was 19.1% on opening equity of $94.5M.

Financial highlights

• Fully diluted EPS was $0.76 in Q3 vs. $0.36 in Q2; 9M fully diluted EPS was $2.50 vs. $1.19 in 9M 2025.

• YTD earnings included factors with a net positive pretax impact of $15.3M, including a $14.7M increase in mortgage servicing rights fair value.

• Shareholders’ equity was $115.1M, or $22.27/share; fully diluted book value was $21.62/share at September 30.

Outlook and guidance

• Bank of Whittier Q4 net income is projected at $570K, a $2.275M annualized run rate after $30,755/month of core deposit intangible amortization.

• Management expects the BOW acquisition to be accretive to EPS over time; reinvesting $20M of bank CDs into higher-yielding loans over 12 months and integration work are potential earnings drivers.

• A $150.2M first-mortgage HELOC portfolio sale is targeted for Q4 at 103% of UPB plus 25 bps servicing, with servicing retained; quarterly sales may follow.