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Stock impact report

Unity Bancorp Reports Record Quarterly Earnings of $9.5 Million

Unity Bancorp, Inc. (UNTY) 
Last unity bancorp, inc. earnings: 4/17 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/101233
Company Research Source: GlobeNewswire
CLINTON, N.J., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.90 per diluted share, for the quarter ended September 30, 2021, a 64.2% increase compared to net income of $5.8 million, or $0.54 per diluted share for the prior year’s third quarter. For the nine months ended September 30, 2021, Unity reported net income of $26.4 million, or $2.50 per diluted share, a 61.8% increase compared to net income of $16.3 million or $1.50 per diluted share for the prior year’s period. James A. Hughes, President and CEO, commented on the financial results: “I am pleased to announce another excellent quarter for Unity, reflecting our increased earnings and revenue growth. Business segments are exhibiting strong performance and are making positive contributions to Unity's overall results. Steady growth in loans and deposits continue to drive core banking earnings and our capital base is on solid footing Show less Read more
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