Unity Bancorp(UNTY)

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Compared to Estimates, Unity Bancorp (UNTY) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-11 14:30
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) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-11 12:11
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, ...
Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion
GlobeNewswire News Room· 2024-08-22 16:43
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 ...
Unity Bancorp Inc. Announces New Share Repurchase Program
Newsfilter· 2024-08-01 13:00
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 ...
Unity Bancorp (UNTY) Q2 Earnings and Revenues Miss Estimates
ZACKS· 2024-07-12 12:21
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, ...
Unity Bancorp(UNTY) - 2024 Q2 - Quarterly Results
2024-07-12 10:09
News Media & Financial Analyst Contact: George Boyan, EVP & CFO (908) 713-4565 James A. Hughes, President & CEO, commented on the financial results: In the second quarter, our organization demonstrated its retail capabilities by increasing customer deposit balances sequentially by $63.3 million, or 3.7%. Notably, noninterest bearing deposits surged by a remarkable $26.5 million, or 6.7%. Unity Bancorp Reports Quarterly Earnings of $9.5 Million Second Quarter Earnings Highlights Balance Sheet Highlights o Th ...
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
Newsfilter· 2024-07-12 10:00
CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income of $9.6 million, or $0.93 per diluted share for the quarter ended March 31, 2024. This represents a 1.4% decrease in net income and no change in net income per diluted share. For the six months ended June 30, 2024, Unity Bancorp reported net income of $19.0 million, or $1 ...
What Makes Unity Bancorp (UNTY) a New Buy Stock
ZACKS· 2024-06-12 17:01
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Therefore, the Zacks rating upgrade for Unity Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings esti ...
Unity Bancorp(UNTY) - 2024 Q1 - Quarterly Report
2024-05-08 20:20
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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____. Securities registered pursuant to Section 12(g) of the Exchange Act: None Indicate by check mark whether the registrant: (1) h ...
Unity Bancorp(UNTY) - 2024 Q1 - Quarterly Results
2024-04-12 10:06
Exhibit 99.1 Clinton, NJ -- 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. First Quarter Earnings Highlights Balance Sheet Highlights ● Net interest income, the primary driver of earn ...