Welcome to our dedicated page for U & I Financial news (Ticker: UNIF), a resource for investors and traders seeking the latest updates and insights on U & I Financial stock.
U & I Financial Corp. (UNIF) provides banking services through UniBank, specializing in government-backed loans and commercial lending for small businesses. This page aggregates official news and press releases to help stakeholders track the company’s financial developments, risk management strategies, and market positioning.
Access timely updates on earnings reports, regulatory compliance changes, loan portfolio adjustments, and technology investments. Key focus areas include credit quality trends in commercial equipment financing, updates to government guaranteed loan programs, and capital management practices.
This resource serves investors seeking to monitor UNIF’s risk-adjusted performance, analysts evaluating regional banking trends, and businesses exploring specialized lending options. All content is sourced from verified company communications to ensure accuracy and relevance.
Bookmark this page for streamlined access to UNIF’s latest strategic initiatives and financial disclosures. Check back regularly for updates on community banking developments and regulatory compliance milestones.
U & I Financial Corp. (UNIF) reported strong Q1 2023 financial results, achieving record quarterly earnings of $2.7 million or $0.49 per share, an increase from $2.1 million or $0.37 per share in Q1 2022. Key highlights include:
- Total assets rose by 23.1% to $589.8 million.
- Net loans increased by 32.0% to $465 million.
- Total deposits grew by 26.1% to $503.7 million.
- Net interest income was $5.9 million, contributing to a net interest margin of 4.17%.
Though the bank anticipates economic uncertainty for 2023, it remains optimistic about its growth strategy.
U & I Financial Corp. (OTCQX: UNIF) announced a cash dividend of $0.10 per share, payable on April 21, 2023, to shareholders on record as of April 7, 2023. Despite challenges within the banking sector, CEO Peter Park emphasized the company's strong position for growth, highlighting robust capital, excellent credit quality, sufficient liquidity, and solid earnings. The decision to maintain the semi-annual dividend reflects confidence in UniBank's financial stability. Established in 2006, UniBank serves various clients across the U.S., operating four branches in Washington and focusing on government-guaranteed loan programs.
U & I Financial Corp. (OTCQX:UNIF) reported record earnings of $3.4 million ($0.62 per share) for Q4 2022, up from $2.3 million ($0.41 per share) in Q4 2021, reflecting an increase of $1.1 million or 47.8% due to higher net interest income. Total assets rose 28.8% to $586.8 million, with net loans up 41.2% to $454.4 million, and total deposits increasing 30.4% to $488.3 million. Year-to-date net income also increased 30.9% to $11.1 million. However, the outlook for 2023 is uncertain due to inflation and recession risks, though the company remains committed to infrastructure investments to support future growth.
U & I Financial Corp. (OTCQX:UNIF) reported record third-quarter earnings of $3.0 million ($0.55 per share), a 29.3% increase from $2.3 million ($0.42 per share) in Q3 2021. Total assets rose by 26.0% to $551.5 million, while net loans increased 36.2% to $433.5 million, and total deposits grew 28.5% to $469.3 million. The return on average assets improved to 2.16%. However, CEO Peter Park cautioned that inflation and interest rate conditions may moderate loan demand and profitability in coming quarters.
U & I Financial Corp. (OTCQX:UNIF) announced a cash dividend of $0.10 per common share, payable on or about October 21, 2022, to shareholders of record by October 7, 2022. The decision to distribute dividends reflects the Bank's strong performance amidst economic uncertainties, according to President and CEO Peter Park, who anticipates dividends will continue semi-annually. UniBank, a wholly-owned subsidiary, is recognized for its high performance in Washington, focusing on government-backed loan programs.
U & I Financial Corp. (OTCQX:UNIF) reported record earnings of $2.6 million ($0.48 per share) for Q2 2022, up from $2.2 million ($0.41) a year prior. Total assets rose by 25.4% to $522.9 million, while net loans surged 53.6% to $421.7 million. Deposits increased by 22.9% to $427.5 million. Despite robust growth, the CEO cautioned about uncertainty in future growth due to inflation and recession risks but emphasized a commitment to expanding their business bank services nationwide.
U & I Financial Corp. (OTCQX:UNIF) reported record quarterly earnings of $2.1 million or $0.37 per share in Q1 2022, up from $1.6 million or $0.29 per share in Q1 2021, driven by increased net interest income. Total assets grew 16.3% to $479.1 million, net loans rose 19.0% to $352.3 million, and total deposits climbed 16.7% to $399.4 million. The company also announced a cash dividend and a stock repurchase program, reflecting confidence in long-term value despite potential economic challenges.
