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Unity Bancorp: Q1 Earnings Snapshot

Unity Bancorp: Q1 Earnings Snapshot
April 16, 2021
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The Clinton, New Jersey-based bank said it had earnings of 80 cents per share.
The bank holding company posted revenue of $24.3 million in the period. Its revenue net of interest expense was $21.7 million, which did not meet Street forecasts.
Unity Bancorp shares have risen 18% since the beginning of the year. The stock has increased 77% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNTY at https://www.zacks.com/ap/UNTY
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Unity Bancorp Reports Quarterly Earnings of $8.5 Million

Unity Bancorp Reports Quarterly Earnings of $8.5 Million
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Unity Bank Launches Partnership with NID Housing Counseling Agency and Donates $5,000 for Community Education Programs

Unity Bank Launches Partnership with NID Housing Counseling Agency and Donates $5,000 for Community Education Programs
NID-HCA Helps NJ & Lehigh Valley Residents Through All Phases of the Homeownership Cycle
February 12, 2021 11:52 ET
| Source:
Unity Bancorp, Inc.
Unity Bancorp, Inc.
CLINTON, N.J., Feb. 12, 2021 (GLOBE NEWSWIRE)
Unity Bank recently donated $5,000 to the
NID Housing Counseling Agency (NID-HCA), a U.S. Department of Housing and Urban Development (HUD) approved national network of housing counselors and community-development consultants with offices in Plainfield and Allentown, Pa. Unity is launching a partnership with the agency to supplement the bank’s Low-Moderate Income Mortgage Program.
“The bank’s generous donation will support NID-HCA educational programs for underserved communities in New Jersey and the Lehigh Valley,” said NID-HCA Branch Manager Maurice Muhammad. “W ....

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Unity Bancorp Reports Quarterly Earnings of $7.3 Million

Unity Bancorp Reports Quarterly Earnings of $7.3 Million
January 22, 2021 14:00 ET
| Source:
Unity Bancorp, Inc.
Unity Bancorp, Inc.
Clinton, New Jersey, UNITED STATES
CLINTON, N.J., Jan. 22, 2021 (GLOBE NEWSWIRE) Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $7.3 million, or $0.69 per diluted share, for the quarter ended December 31, 2020, a 20.0 percent increase compared to net income of $6.1 million, or $0.55 per diluted share for the prior year’s fourth quarter. For the year ended December 31, 2020, Unity reported net income of $23.6 million, or $2.19 per diluted share, compared to net income of $23.7 million, or $2.14 per diluted share for the year ended December 31, 2019. Overall earnings were impacted primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic, partially offset by revenue generated by the Small Business ....

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Unity Bancorp: 4Q Earnings Snapshot

Unity Bancorp: 4Q Earnings Snapshot
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