Unity Bancorp(UNTY) - 2024 Q1 - Quarterly Results
UNTYUnity Bancorp(UNTY)2024-04-12 18:06

Exhibit 99.1 Clinton, NJ -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of 9.6million,or9.6 million, or 0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of 9.8million,or9.8 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 ...