University Bancorp 1Q2020 Net Loss $453,266, $0.09 Per Share; Record Profits In April 2020

May 22, 2020

ANN ARBOR, MI / ACCESSWIRE / May 21, 2020 /University Bancorp, Inc. (OTCQB:UNIB) announced that it had an unaudited net loss attributable to University Bancorp, Inc. common stock shareholders in 1Q2020 of $453,266, $0.09 per share on average shares outstanding of 5,202,899 for the first quarter, versus an unaudited net loss of $735,428, $0.14 per share on average shares outstanding of 5,200,899 for 1Q2019. For the 12 months ended March 31, 2020, net income was $3,598,986, $0.69 per share on average shares outstanding of 5,204,399 for the period. For the first three months of 2020 minority expense of $(173,713) was incurred.

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