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 ...

文章核心观点 - 公司本季度收入为25.46亿美元,同比下降0.7% [1] - 每股收益为0.93美元,同比下降0.95美元 [1] - 公司的收入和每股收益均低于市场预期 [2] 公司财务指标总结 - 净利差为4.1%,符合市场预期 [5] - 效率比率为47.3%,略高于市场预期47.2% [5] - 非利息收入为2.03亿美元,高于市场预期1.96亿美元 [5] - 净利息收入为23.42亿美元,低于市场预期24.05亿美元 [5] 股价表现 - 过去一个月公司股价上涨10.7%,优于标普500指数4.3%的涨幅 [6] - 公司目前评级为中性(Zacks Rank 3),预计未来短期内可能与大盘持平 [6]

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, th ...

Exhibit 99.1 ✅ U NITY B ANCORP For Immediate Release Unity Bancorp, Inc. (NASDAQ: UNTY) July 12, 2024 News Media & Financial Analyst Contact: George Boyan, EVP & CFO (908) 713-4565 Net Income (In Millions) $10.5 Dil. EPS ROA $10.0 $0.93 1.56% $9.5 口 $0.00 0/0 V 2 bps Q/Q 9.7 $9.0 ROE NIM $8.5 14.07% 4.01% $8.0 ▼ 42 bps Q/Q ▼ 8 bps Q/Q $7.5 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 James A. Hughes, President & CEO, commented on the financial results: Unity Bancorp Reports Quarterly Earnings of $9.5 Million "Despite the ...

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. ...

Unity Bancorp (UNTY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.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.Individual investors ...

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 ____. Commission File Number 1-12431 Unity Bancorp, Inc. (Exact name of registrant as specified in its charter) New Jersey 22-328255 ...

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 ● Net interest income, the primary driver of earnings, was $23.8 million f ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITIONAL REPORTS PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ________ Commission file number 1-1 ...

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____. Commission File Number 1-12431 Unity Bancorp, Inc. (Exact name of registrant as specified in its charter) New Jersey 22-32 ...