University Bancorp 1Q2026 Net Income $8,904,884 $1.72 Per Share

ANN ARBOR, MI / ACCESS Newswire / April 20, 2026 / University Bancorp, Inc. (OTCQB:UNIB or "UNIB") announced that it had an unaudited net income attributable to University Bancorp, Inc. common stock shareholders in 1Q2026 of $8,904,884, $1.72 per share on average shares outstanding of 5,169,518 for the first quarter, versus an unaudited net loss of $(231,170), ($0.04) per share on average shares outstanding of 5,169,518 for 1Q2025. On a fully diluted basis, net income per share in 1Q2026 was $1.37. There were no dilutive instruments outstanding in 1Q2025.

Shareholders' equity attributable to University Bancorp, Inc. common stock shareholders was $107,743,551.94 or $20.84 per share, based on shares outstanding at March 31, 2026 of 5,169,518, and $132,743,552 or $20.48 per share, on a fully diluted basis, based on 6,481,854 shares outstanding.

President Stephen Lange Ranzini noted, "Return on equity (ROE) at University Bancorp in 1Q2026 annualized was excellent at 35.8%, despite mortgage originations nationwide continuing to be at 30-year lows with respect to units originated. The annualized ROE for the TTM ended March 31, 2026 was 19.5% on initial shareholders' equity of $93,132,755 at March 31, 2025."

Overall, our business development efforts continue at a rapid pace. For example:

• Faith-based deposits have grown past $189.3 million at March 31, 2026, and in 4Q2025 we rolled out a new product that enables the automatic sweep of idle balances in customer accounts at brokerage firms into and out of our faith based deposit products, which is accelerating deposit growth.

• On December 31, 2025, University Bank closed on the acquisition of additional ownership of Credit Union Trust, increasing our ownership from 12.5% to 49.999% for a total purchase price of $3.375 million. CU Trust increased its Assets Under Management at 12/31/2025 to $137.1 million from $105.7 million at 12/31/2024, and continues to grow towards the critical mass required to pass the break- even level, which is currently about $180 million.

• Hyrex Servicing, LLC, our mortgage wealth management arm continues to seek its initial large institutional money management client to formally launch its wealth management business.

• On April 1, 2026, we closed on the acquisition of a faith-based mortgage company competitor to UIF, American Finance House Lariba, and by all accounts the acquisition was successfully integrated into UIF.