U & I Financial Corp. reports recurring developments for UniBank, its wholly owned bank subsidiary serving small to medium-sized businesses, professionals and individuals. Company news centers on quarterly and annual operating results, net income or loss, earnings per share, net interest income, tax items and provisions for credit losses.
Updates also describe UniBank's loan portfolio, deposit base, asset levels, credit quality, non-accrual or charged-off loans, recoveries, regulatory capital ratios and bank Call Report matters. The bank emphasizes government guaranteed loan programs and provides access through Washington branches, online banking and an ATM network.
U & I Financial Corp. (OTCQX:UNIF) reported a Q1 2026 net loss of $166,000 (‑$0.03 per share) versus a $2.1 million loss in Q1 2025. The company recorded a negative provision for credit losses of $754,000 and sold a $3.5 million CRE promissory note, producing $544,000 interest recapture and $78,000 credit loss recovery.
Total assets were $402.1M (‑9.0% YoY); net loans were $263.7M (‑26.6% YoY); deposits were $331.9M (‑13.4% YoY). Nonperforming assets fell to 0.37% of assets. Capital ratios remained above "well capitalized" levels.
U & I Financial Corp. (OTCQX:UNIF) reported a Q4 2025 net loss of $586,000 ($0.11 per share) versus a $16.6M loss in Q4 2024. The company recorded a negative provision for credit losses of $1.7M and a Q4 net recovery of $1.3M.
Total assets fell to $409.1M and net loans to $283.4M at Dec 31, 2025; deposits declined to $337.9M. Capital ratios improved and exceeded "well capitalized" regulatory minimums. A new Chief Credit Officer, Gordon Osberg, was hired effective Jan 12, 2026.
U & I Financial Corp. (OTCQX:UNIF) reported a third-quarter 2025 net loss of $258,000 (loss per share $0.05), an improvement from a $15.0 million loss ($2.73 per share) in Q3 2024. The company recorded a negative provision for credit losses of $800,000 in Q3 2025 versus a $19.5 million provision a year earlier.
Balance sheet changes at September 30, 2025 included Total Assets $395.1M (down 30.6% YoY), Net Loans $298.2M (down 27.3% YoY) and Total Deposits $344.8M (down 26.4% YoY). Nonperforming assets ratio improved to 1.35% from 2.74% a year earlier. Capital ratios remained above well-capitalized minima with a Tier 1 Leverage Ratio 7.32%.
U & I Financial Corp. (OTCQX:UNIF) reported significant financial improvements in Q2 2025, with net income of $757,000 ($0.14 per share), compared to a net loss of $827,000 in Q2 2024. The company recorded a negative provision for credit losses of $2.2 million, a substantial improvement from the $3.0 million provision expense last year.
Total assets decreased by 28.5% to $409.6 million, while net loans fell 28.8% to $314.3 million. Deposits declined by 20.6% to $358.9 million. Notably, the bank's capital ratios improved significantly, reaching "well capitalized" status with Tier 1 Leverage Ratio at 7.18%, Tier 1 Risk-Based Capital Ratio at 9.22%, and Total Risk-Based Capital Ratio at 10.43%.
Credit quality showed improvement with non-accrual loans decreasing to $5.6 million from $10.2 million in the previous quarter, and the nonperforming assets ratio improved to 1.36% from 2.31%.
U & I Financial reported challenging first quarter 2025 results with a net loss of $2.1 million ($0.38 per share), compared to net income of $1.3 million in Q1 2024. The decline was primarily due to a $3.1 million provision for credit losses.
Key financial metrics show:
- Total assets decreased 25.7% to $441.9 million
- Net loans fell 21.3% to $359.4 million
- Total deposits dropped 19.3% to $383.4 million
The bank faced a significant $3.7 million impairment on a $6.2 million hotel loan. However, positive signs emerged with commercial-equipment loan charge-offs declining to $2.2 million from $18.2 million year-over-year, and recoveries increasing to $392,000. Capital ratios improved slightly, with the bank maintaining "adequately capitalized" status per regulatory guidelines.
U & I Financial Corp. (OTCQX:UNIF) reported significant losses in Q4 2024, with a net loss of $16.6 million ($3.02 per share) compared to $18.2 million loss in Q4 2023. The full-year 2024 resulted in a net loss of $31.1 million ($5.67 per share), substantially higher than 2023's loss of $10.8 million.
The company faced major challenges with deteriorating commercial-equipment loans, charging off $18.1 million in Q4 2024. Total assets decreased by 14.4% to $522.3 million, net loans fell 16.9% to $386.1 million, and deposits dropped 14.5% to $439.6 million compared to December 2023.
The bank's capital ratios as of December 2024 were: Tier 1 Leverage Ratio at 5.60%, Tier 1 Risk-Based Capital Ratio at 7.53%, and Total Risk-Based Capital Ratio at 8.80%, maintaining 'adequately capitalized' status per regulatory guidelines.
U & I Financial Corp (OTCQX:UNIF) has amended its Q3 2024 financial results, reporting significant changes in key metrics. The restatement shows decreases of $8.7 million each in Gross Loans and Allowance for Credit Losses (ACL) on Loans due to commercial equipment loan charge-offs. While the restatement had no impact on earnings, it led to notable changes: ACL to Loans ratio dropped from 6.59% to 4.70%, Net Credit Charge-Offs doubled to $17.4 million for the quarter, and Nonperforming Assets to Total Assets ratio improved from 2.74% to 1.23%. Capital ratios also decreased slightly, with Tier 1 Leverage Ratio falling from 7.53% to 7.22%.
U & I Financial Corp. (UNIF) reported a significant quarterly Net Loss of $15.0 million ($2.73 per share) in Q3 2024, compared to Net Income of $2.4 million in Q3 2023. The loss primarily stems from a $19.5 million Provision for Credit Losses. Total Assets decreased 7.0% to $569.6 million, Net Loans fell 14.0% to $410.3 million, and Total Deposits declined 10.3% to $468.2 million year-over-year. The bank faced credit deterioration in commercial-equipment loans, which totaled $38.3 million. Despite challenges, capital ratios remain above regulatory 'well capitalized' minimums.
U & I Financial Corp. (OTCQX:UNIF), the holding company of UniBank, has announced two key executive appointments effective September 1, 2024. Robert Disotell joins as Executive Vice President (EVP) and Chief Credit Officer (CCO), bringing 21 years of experience as a Chief Credit/Lending Officer in Washington and California. Additionally, JJ Kim has been appointed as EVP and Chief Banking Officer, overseeing branch network and loan originations.
Disotell's extensive background includes roles at California Coast Credit Union and Cascade Bank, with 35 years of experience in the Puget Sound market. Kim brings 23 years of experience in Puget Sound banking markets, having held senior positions at GBC International, Bank of Hope, and Heritage Bank.
These strategic appointments aim to strengthen UniBank's leadership and enhance its lending operations and community service.
U & I Financial Corp. has reported a net loss of $827 thousand or $0.15 per share for Q2 2024, a significant decrease compared to a net income of $2.4 million or $0.44 per share in the same period last year.
The decline is primarily due to a $3.0 million increase in Provision for Credit Losses in Q2 2024. Other key metrics include:
- Total Assets: $572.6 million, down 5.7% from the previous year.
- Net Loans: $441.5 million, down 8.4%.
- Total Deposits: $451.9 million, a 12.6% decrease.
- Allowance for Credit Losses (ACL) on Loans: $17.7 million as of June 30, 2024.
- ACL on Off-Balance Sheet Credit Exposure: $2.2 million.
The financial decline stems from ongoing challenges with commercial-equipment loans, necessitating increased reserves and impacting overall credit quality.