Unity Bancorp Reports Quarterly Earnings of $10.9 Million
Unity Bancorp, Inc. (UNTY)
Last unity bancorp, inc. earnings: 4/17 06:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/101233
Company Research
Source: GlobeNewswire
CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of $9.5 million, or $0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net income of $29.9 million, or $2.94 per diluted share, compared to net income of $29.9 million, or $2.88 per diluted share, for the nine months ended September 30, 2023. This represents no change in net income and a 2.1% increase in net income per diluted share, reflecting the Company’s repurchase of outstanding shares. James A. Hughes, President and CEO, commented on the financial results: “We are excited to announce the highest quarterly earnings results in the Unity Bancorp Inc.’s history.
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News
- Unity Bancorp Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Unity Bancorp, Inc. (NASDAQ: UNTY) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Unity Bancorp (UNTY) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Unity Bancorp, Inc. (NASDAQ: UNTY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Unity Bancorp, Inc. (NASDAQ: UNTY) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $44.00 price target on the stock, up previously from $40.00.MarketBeat
UNTY
Earnings
- 10/11/24 - Beat
UNTY
Sec Filings
- 11/15/24 - Form 4
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- UNTY's page on the SEC website