University Bancorp Inc
University Bancorp, Inc. operates as the bank holding company for University Bank that provides various personal, business, and community banking services in the United States. The company offers checking, NOW, savings, money market, time deposit, and certificates of deposit accounts. Its consumer loans include home equity, short term, automobile, personal, and recreational vehicle loans, as well… Read more
University Bancorp Inc (UNIB) - Net Assets
Latest net assets as of December 2017: $26.36 Million USD
Based on the latest financial reports, University Bancorp Inc (UNIB) has net assets worth $26.36 Million USD as of December 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($245.94 Million) and total liabilities ($219.58 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $26.36 Million |
| % of Total Assets | 10.72% |
| Annual Growth Rate | 17.23% |
| 5-Year Change | 68.38% |
| 10-Year Change | 509.1% |
| Growth Volatility | 27.99 |
University Bancorp Inc - Net Assets Trend (2000–2024)
This chart illustrates how University Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for University Bancorp Inc (2000–2024)
The table below shows the annual net assets of University Bancorp Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $105.55 Million | +11.60% |
| 2023-12-31 | $94.58 Million | +7.57% |
| 2022-12-31 | $87.92 Million | +2.45% |
| 2021-12-31 | $85.82 Million | +36.90% |
| 2020-12-31 | $62.69 Million | +69.74% |
| 2019-12-31 | $36.93 Million | +10.67% |
| 2018-12-31 | $33.37 Million | +26.61% |
| 2017-12-31 | $26.36 Million | +26.80% |
| 2016-12-31 | $20.79 Million | +19.95% |
| 2015-12-31 | $17.33 Million | +13.49% |
| 2014-12-31 | $15.27 Million | +0.71% |
| 2013-12-31 | $15.16 Million | +19.68% |
| 2012-12-31 | $12.67 Million | +22.49% |
| 2011-12-31 | $10.34 Million | -7.73% |
| 2010-12-31 | $11.21 Million | -4.61% |
| 2009-12-31 | $11.75 Million | +31.93% |
| 2008-12-31 | $8.91 Million | +0.18% |
| 2007-12-31 | $8.89 Million | +12.72% |
| 2006-12-31 | $7.89 Million | +1.09% |
| 2005-12-31 | $7.80 Million | +126.70% |
| 2004-12-31 | $3.44 Million | -11.29% |
| 2003-12-31 | $3.88 Million | +10.35% |
| 2002-12-31 | $3.52 Million | +15.58% |
| 2001-12-31 | $3.04 Million | +30.84% |
| 2000-12-31 | $2.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to University Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8519555400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $85.20 Million | 91.03% |
| Other Components | $8.40 Million | 8.97% |
| Total Equity | $93.59 Million | 100.00% |
University Bancorp Inc Competitors by Market Cap
The table below lists competitors of University Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eslite Spectrum
TWO:2926
|
$21.23 Million |
|
Alony Hetz Properties and Investments Ltd
TA:ALHE
|
$21.23 Million |
|
Beauty Community Public Company Limited
BK:BEAUTY
|
$21.23 Million |
|
Enogia SAS
PA:ALENO
|
$21.23 Million |
|
Lycos Energy Inc.
F:G4P0
|
$21.21 Million |
|
Hermès International Société en commandite par actions
BE:HMI
|
$21.21 Million |
|
Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V
BR:MOP
|
$21.20 Million |
|
Sarana Mitra Luas
JK:SMIL
|
$21.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in University Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 83,970,376 to 93,590,773, a change of 9,620,397 (11.5%).
- Net income of 10,467,383 contributed positively to equity growth.
- Dividend payments of 1,033,904 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.47 Million | +11.18% |
| Dividends Paid | $1.03 Million | -1.1% |
| Other Changes | $186.92K | +0.2% |
| Total Change | $- | 11.46% |
Book Value vs Market Value Analysis
This analysis compares University Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.24x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $4.49 | $14.55 | x |
| 2018-12-31 | $5.80 | $14.55 | x |
| 2019-12-31 | $6.45 | $14.55 | x |
| 2020-12-31 | $10.87 | $14.55 | x |
| 2021-12-31 | $14.79 | $14.55 | x |
| 2022-12-31 | $16.09 | $14.55 | x |
| 2023-12-31 | $17.03 | $14.55 | x |
| 2024-12-31 | $18.98 | $14.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently University Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.44%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 10.47x
- Recent ROE (11.18%) is below the historical average (15.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.53% | 2.70% | 0.17x | 14.65x | $-109.60K |
| 2003 | 2.74% | 1.08% | 0.20x | 12.68x | $-249.50K |
| 2005 | 37.52% | 27.01% | 0.11x | 12.18x | $1.46 Million |
| 2007 | 10.78% | 6.31% | 0.12x | 14.75x | $46.60K |
| 2008 | 0.58% | 0.27% | 0.10x | 21.41x | $-571.40K |
| 2009 | 9.94% | 3.18% | 0.16x | 19.25x | $-4.30K |
| 2012 | 22.32% | 4.79% | 0.30x | 15.40x | $1.06 Million |
| 2013 | 17.44% | 4.70% | 0.35x | 10.62x | $779.00K |
| 2014 | 7.05% | 2.06% | 0.30x | 11.30x | $-315.60K |
| 2015 | 21.18% | 7.16% | 0.24x | 12.31x | $1.66 Million |
| 2016 | 21.06% | 7.49% | 0.27x | 10.56x | $2.00 Million |
| 2017 | 21.92% | 10.01% | 0.21x | 10.52x | $2.79 Million |
| 2018 | 7.39% | 4.22% | 0.21x | 8.18x | $-788.81K |
| 2019 | 10.78% | 5.52% | 0.18x | 10.79x | $261.61K |
| 2020 | 49.48% | 21.17% | 0.24x | 9.85x | $22.34 Million |
| 2021 | 32.88% | 19.81% | 0.26x | 6.50x | $17.62 Million |
| 2022 | 4.82% | 4.38% | 0.11x | 10.09x | $-4.08 Million |
| 2023 | 6.46% | 6.32% | 0.09x | 11.09x | $-2.97 Million |
| 2024 | 11.18% | 10.44% | 0.10x | 10.47x | $1.11 Million |
Industry Comparison
This section compares University Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| University Bancorp Inc (UNIB) | $26.36 Million | 6.53% | 8.33x | $21.22 Million |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |