Unity Bancorp(UNTY) - 2024 Q1 - Quarterly Results
Unity 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 $9.6 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 ...