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UNIVERSITY BANCORP 2Q2026 NET INCOME $ 2,350,713 , $ 0.45 PER SHARE Ann Arbor , Michigan , September 3 , 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 2Q2026 of $ 2,350,713 , $ 0.45 per share on average shares outstanding of 5,169,518 for the second quarter of 2026 , compared to an unaudited net income of $ 2,015,771 , $ 0.39 per share on average shares outstanding of 5,169,518 for 2Q2025 . On a fully diluted basis , net income per share in 2Q2026 was $ 0.36 . There were no dilutive instruments outstanding in 2Q2025 . For the six months ended June 30 , 2026 , net income was $ 11,255,597 , $ 2.18 per share on average shares outstanding of 5,169,518 for the period , compared to $ 1,784,600 , $ 0.35 per share on average shares outstanding of 5,169,518 for the six months ended June 30 , 2025. On a fully diluted basis , net income per share in 1H2026 was $ 1.74 . There were no dilutive instruments outstanding in 1H2025 . Shareholders ' equity attributable to University Bancorp , Inc. common stock shareholders was $ 109,844,993 or $ 21.25 per share , based on shares outstanding at June 30 , 2026 , of 5,169,518 , and $ 20.80 per share , on a fully diluted basis , based on 6,481,854 fully diluted shares outstanding . Return on equity ( ROE ) at University Bancorp in 2Q2026 annualized was 12.3 % , despite mortgage originations nationwide continuing to be at 30 - year lows with respect to units originated . The annualized ROE for the TTM ended June 30 , 2026 , was 19.9 % on initial shareholders ' equity of $ 93,132,755 at June 30 , 2025. " Year - to - date earnings in 2026 were assisted by two major factors , partially offset by one factor , that had an overall net positive impact of $ 5,839,445 before taxes as follows : 1. Mortgage Servicing Rights Valuation adjustment - With the rise in long - term mortgage interest rates during the year , the valuation of our MSRS increased $ 4.2M and $ 1.1M at 2Q2026 and 1Q2026 , respectively . 2. Mortgage Origination Pipeline Valuation adjustment – The fair market value of the hedged mortgage origination pipeline rose as the value of locked loans rose over the prior quarter by $ 431,338 and $ 366,797 at 2Q2026 and 1Q2026 , respectively . 3. Allowance for Loan Losses adjustment - The Allowance for Loan Losses increased from the prior quarter by $ 157,343 and $ 32,205 at 2Q2026 and 1Q2026 , respectively . Overall , our business development efforts and growth continue . For example , during 2Q2026 : On April 1 , 2026 , we closed on the acquisition of a faith - based mortgage company , a competitor to UIF , American Finance House Lariba , and the acquisition was successfully integrated into our faith- based subsidiary , UIF . UIF is a wholly owned subsidiary of University Bank . • On July 1 , 2026 , UNIB acquired 100 % of Greater Pacific Bancshares and Bank of Whittier , NA . for a purchase price of $ 37.2 million of which 48 % was paid in cash and the remainder paid in Notes . This acquisition provides many opportunities for expanded ability to provide faith - based financing ( home , commercial real estate , vehicle ) and deposits ( FDIC - insured time , savings , checking and tax advantaged IRA deposit accounts ) . UNIB anticipates that the transaction will be accretive to earnings per share over time , and with the residential servicing transferred to Midwest Loan Services , a division of University Bank , currently targeted for November 1st , we anticipate achieving significant economies of scale . The key financial terms of the transaction are available at this link : https : //www.university- bank.com/wp-content/uploads/2025/12/press-189-Supplement.pdf . 1/4