Unity Bancorp Reports Quarterly Earnings of $9.6 Million
Unity Bancorp, Inc. (UNTY)
Last unity bancorp, inc. earnings: 4/17 06:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/101233
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Source: GlobeNewswire
CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of $9.8 million, or $0.96 per diluted share for the quarter ended December 31, 2023. This represents a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share. James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another strong quarter for Unity Bancorp, Inc. For the quarter, we achieved $9.6 million of net income, equivalent to $0.93 per diluted share. Our core deposit franchise has demonstrated steady growth, reinforcing the strength of our balance sheet and contributing to impressive first quarter earnings metrics -- NIM of 4.09%, ROA of 1.58% and ROE of 14.49%. At Unity, we remain steadfast in our commitment to our shareholders. In addition to producing best-in-class ea
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UNTY
News
- Unity Bancorp, Inc. (NASDAQ:UNTY) has caught the attention of institutional investors who hold a sizeable 39% stake [Yahoo! Finance]Yahoo! Finance
- Unity Bancorp: Respectable Quarter To Kick Off Regional Bank Earnings Season [Seeking Alpha]Seeking Alpha
- Unity Bancorp Reports Quarterly Earnings of $9.6 Million [Yahoo! Finance]Yahoo! Finance
- Seeking Clues to Unity Bancorp (UNTY) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Unity Bancorp (UNTY) Soars 6.8%: Is Further Upside Left in the Stock? [Yahoo! Finance]Yahoo! Finance
UNTY
Earnings
- 4/12/24 - Beat
UNTY
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/12/24 - Form 8-K
- UNTY's page on the SEC website