University Bancorp, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net income attributable to the company common stock shareholders of $908,956 or $0.175 per share against $991,934 or $0.194 per share a year ago.

For the six months, the company reported net income attributable to the company common stock shareholders of $1,808,979 or $0.35 per share against $767,037 or $0.15 per share a year ago.

Management currently projects budgeted annual net income in 2017 of at least $4,850,000 or $0.93 per share.