Unity Bancorp Reports Quarterly Earnings of $5.4 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
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Source: GlobeNewswire
CLINTON, N.J., April 17, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.4 million, or $0.49 per diluted share, for the quarter ended March 31, 2020, a 6.5% decrease compared to the $5.7 million, or $0.52 per diluted share reported for the prior year’s first quarter, primarily due to an increase of $1.0 million in our provision for loan losses, necessitated by impacts on the loan portfolio caused by COVID-19. James A. Hughes, President and CEO, commented on the financial results: “The COVID-19 pandemic has created turmoil around the globe. Virtually all businesses have been impacted by the mandated business closures and restrictions. Thankfully banking is an essential business and we are working very hard helping our customers with emergency funding, loan deferrals and assistance with the Paycheck Protection Program (PPP). I am optimistic that with the funding of the PPP most businesses will rebound quickly and
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UNTY
News
- Unity Bancorp (NASDAQ:UNTY) shareholders have earned a 17% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Unity Bancorp, Inc. (NASDAQ: UNTY) had its price target raised by analysts at Keefe, Bruyette & Woods from $43.00 to $51.00. They now have an "outperform" rating on the stock.MarketBeat
- Unity Bank Expands Sustainability Commitment with New EV Charging Stations [Yahoo! Finance]Yahoo! Finance
- Unity Bank Expands Sustainability Commitment with New EV Charging StationsGlobeNewswire
- Unity Bank's Amanda Roche Honored as a New Leader in Banking by NJ Bankers Association [Yahoo! Finance]Yahoo! Finance
UNTY
Earnings
- 10/11/24 - Beat
UNTY
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 144
- 12/11/24 - Form 4
- UNTY's page on the SEC website