Core Insights - Unity Bancorp, Inc. reported a record net income of $10.9 million, or $1.07 per diluted share, for Q3 2024, marking a 15.3% increase in net income compared to the previous quarter [1] - The company maintained net income of $29.9 million for the first nine months of 2024, with a slight increase of 2.1% in net income per diluted share due to share repurchases [1] Financial Performance - The net interest margin expanded to 4.16%, with a return on assets (ROA) of 1.76% and return on equity (ROE) of 15.55% [2] - Gross loans increased by $46.9 million, or 2.2%, and commercial loans grew by $50.6 million, or 3.8%, sequentially [3] - Customer deposits rose by $42.6 million, or 2.4%, indicating strong deposit momentum [4] Market Environment - The Federal Reserve's recent 50 basis points cut in short-term interest rates has changed the operating environment, but the company remains confident in maintaining strong profitability metrics [5] - The company emphasizes its ability to manage interest rate sensitivity and maintain a conservative capital position while ensuring ample liquidity [5] Community Commitment - Unity Bancorp is committed to supporting small and medium-sized businesses in local communities through credit growth [3] - The company's strong financial results are attributed to the dedication of its employees, which also supports local economies [6] Company Overview - Unity Bancorp, Inc. is headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits [7]

RUSTON, La., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) ("Origin"), the financial holding company for Origin Bank, plans to issue third quarter 2024 results after the market closes on Wednesday, October 23, 2024, and hold a conference call to discuss such results on Thursday, October 24, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of ...

ENGLEWOOD CLIFFS, N.J., Oct. 10, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), today announced that it plans to release results for the third quarter ended September 30, 2024, before the market opens on Thursday, October 24, 2024. Management will also host a conference call and audio webcast at 10:00 a.m. ET on October 24, 2024, to review the Company's financial performance and operating results. Chairman and ...

BETHESDA, Md., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced that it will host a teleconference call for the financial community on October 24, 2024, at 10:00 a.m. (EDT). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the third quarter 2024 financial re ...

For Immediate Release Chicago, IL – October 9, 2024 – Today, Zacks Equity Research JPMorgan Chase & Co. (JPM) , U.S. Bancorp (USB) , Truist Financial Corp. (TFC) and The Bank of New York Mellon Corp. (BK) . Industry: Major Regional Banks Link: https://www.zacks.com/commentary/2347325/4-major-regional-bank-stocks-to-watch-as-fed-cutsinterest-rates The Zacks Major Regional Banks will benefit from the Federal Reserve's interest rate cuts as the deposit/funding costs come down and the industry-wide lending back ...

EVANSVILLE, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its third-quarter 2024 earnings release and conference call: | --- | --- | |--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Earnings Release: | Tuesda ...

U.S. Bancorp (USB) is scheduled to report third-quarter 2024 results on Oct. 16, before the opening bell. The company is expected to have witnessed year-over-year declines in quarterly revenues and earnings. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, USB's earnings surpassed the Zacks Consensus Estimate on a rise in non-interest income and lower expenses. However, a decline in net interest income (NII) was a major headwind. U.S. Bancorp has a dece ...

BOSTON, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report third quarter 2024 earnings at the close of business on Wednesday, October 23, 2024. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, October 24, 2024. Interested parties may listen to the call and view a copy of the Company's Earnings Presentation by joining the call via https://events.q4inc.com/attendee/314623001. To listen to the call w ...

Compelling Combination with Hope Bancorp Creates Substantial Value for All Territorial Shareholders and Significant Benefits for Hawai'i and Territorial Customers, Employees and Communities Preliminary Indication of Interest by Outside Investor Group, Blue Hill, is Illusory, Non-Binding and Highly Conditional — Exposing Territorial Shareholders to Significant Uncertainty and Downside Risk Launches http://www.territorialandhopecombination.com/ HONOLULU, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp I ...

For Immediate Release Chicago, IL – October 7, 2024 – Today, Zacks Equity Research ServisFirst Bancshares (SFBS) , Berkshire Hills Bancorp, Inc. (BHLB) and Heritage Financial Corp., Inc. (HFWA) . Industry: Savings and Loan Link:https://www.zacks.com/commentary/2346029/3-stocks-to-outshine-in-the-thriving-savings-loan-industry? art_rec=quote-stock_overview-zacks_news-ID01-txt-2346029 The Zacks Savings and Loan industry is expected to benefit from a spur in mortgage originations and refinancing on the back of ...