Unity Bancorp (UNTY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power ...

Unity Bancorp (UNTY) reported $27.66 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.1%. EPS of $1.07 for the same period compares to $0.97 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $26.4 million, representing a surprise of +4.79%. The company delivered an EPS surprise of +10.31%, with the consensus EPS estimate being $0.97. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Unity Bancorp (UNTY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.31%. A quarter ago, it was expected that this bank holding company would post earnings of $0.94 per share when it actually produced earnings of $0.93, delivering a surprise of -1.06%. Over the last four quarters, ...

Exhibit 99.1 Net Income (In Millions) $11.5 Dil. EPS ROA $11.0 $1.07 1.76% $10.5 10.5 ▲ 50.14 Q/Q ▲ 20 hps Q/Q $10.0 9.9 $9.5 ROE NIM 9.5 $9.0 15.55% 4.16% $8.5 ▲ 148 bps Q/Q ▲ 15 bps Q/Q $8.0 3Q23 4Q23 1Q 24 2Q 24 3Q24 News Media & Financial Analyst Contact: George Boyan, EVP & CFO (908) 713-4565 For Immediate Release Unity Bancorp, Inc. (NASDAQ: UNTY) October 11, 2024 Unity Bancorp Reports Quarterly Earnings of $10.9 Million James A. Hughes, President & CEO, commented on the financial results: "We are exc ...

CLINTON, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bank is inviting classic car owners and local businesses to participate in the 18th Annual Crusin' Bob's Classic Car Show, which will be held at the bank's Clinton headquarters, 64 Old Highway 22 in Clinton, on Sunday, October 27th, from 10:00 a.m. to 2:00 p.m. The event will benefit Family Promise of Warren County and Family Promise of Hunterdon County, with all proceeds going directly to these non-profits. Unity Bank employees also volunteer their ti ...

CLINTON, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company, has once again been recognized in the prestigious Top 25 Banks ranking by Bank Director magazine. Unity Bank is listed as the 13th best publicly traded bank in the nation and is 5th in Return on Assets (ROA) among banks with less than $5 billion in assets. This year's rankings reflect Unity Bank's continued progress, improving from its 2022 position of 21st overall. Unity Bank's total assets hav ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____. Commission File Number 1-12431 Unity Bancorp, Inc. (Exact name of registrant as specified in its charter) New Jersey 22-3282551 ...

CLINTON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up to 500,000 shares, or approximately 5.0% of its outstanding common stock. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative us ...

The reported revenue represents a surprise of -1.35% over the Zacks Consensus Estimate of $25.81 million. With the consensus EPS estimate being $0.94, the EPS surprise was -1.06%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Net interest margin: 4.1% compared to the 4.1% average estimate based on two analysts. Efficiency Ratio: 47 ...

Unity Bancorp (UNTY) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.06%. A quarter ago, it was expected that this bank holding company would post earnings of $0.91 per share when it actually produced earnings of $0.93, delivering a surprise of 2.20%. Over the last four quarters, ...