Compared to Estimates, Unity Bancorp (UNTY) Q4 Earnings: A Look at Key Metrics

Core Insights - Unity Bancorp reported revenue of $28.41 million for the quarter ended December 2024, reflecting a year-over-year increase of 6.8% [1] - Earnings per share (EPS) for the quarter was $1.13, up from $0.96 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $28.02 million, resulting in a surprise of +1.38% [1] - The company also delivered an EPS surprise of +4.63%, with the consensus EPS estimate being $1.08 [1] Financial Metrics - Net interest margin was reported at 4.4%, surpassing the estimated 4.2% by two analysts [4] - The efficiency ratio stood at 44.4%, slightly above the average estimate of 44.3% from two analysts [4] - Total noninterest income was $1.92 million, below the average estimate of $2.42 million from two analysts [4] - Net interest income reached $26.49 million, exceeding the average estimate of $25.60 million from two analysts [4] Stock Performance - Over the past month, shares of Unity Bancorp have returned -6.1%, compared to a -3.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]