Unity Bancorp (UNTY) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - Unity Bancorp reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of$1.08 per share, and up from $0.96 per share a year ago, representing an earnings surprise of 4.63$28.41 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.38%, compared to $26.6 million in the same quarter last year [2] - Unity Bancorp has outperformed the market slightly, with shares down about 0.6$1.06 on revenues of $28.24 million, and for the current fiscal year, it is$4.53 on revenues of $118.48 million [7] - The estimate revisions trend for Unity Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Northeast industry, to which Unity Bancorp belongs, is currently ranked in the top 32$0.15 per share, reflecting a year-over-year decline of 31.8%, with revenues projected at $469.49 million, up 4.3% from the previous year [9][10]