University Bancorp Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months of 2016; Provides Earnings Guidance for 2016
Net income attributable to company common stock shareholders for the first nine months of 2016 was $2,267,451 or $0.445 per share on average shares outstanding of 5,100,899 for the first nine months, versus an unaudited net income of $2,955,513 or $0.580 per share on average shares outstanding of 5,093,015.
The company currently projects budgeted annual net income in 2016 of at least $3,630,000 or $0.71 per share.