ANN ARBOR, MI / ACCESSWIRE / May 15, 2018 / University Bancorp, Inc. (OTCQB: UNIB) announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2018 of $625,247, $0.12 per share on average shares outstanding of 5,200,899 for the first quarter, versus an unaudited net income of $900,023, $0.175 per share on average shares outstanding of 5,200,899 for 1Q2017. For the 12 months ended March 31, 2018, net income was $4,849,582, $0.93 per share on average shares outstanding of 5,200,899 for the period. For the first three months of 2018 minority interest of $6,617 was incurred.
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