Unity Bancorp

Unity Bancorp, Inc. is a bank holding company, which engages in the ownership and supervision of Unity Bank. The firm accepts personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and demand and savings deposits. Its loan portfolio comprises credit cards, mortgage, home equity, and personal loans. The company was founded in 1991 and is headquartered in Clinton, NJ.

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Unity Bancorp (UNTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Unity Bancorp (UNTY) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Adult Day Care Center Also To Be Offered at Former Holiday Inn Property Adult Day Care Center Also To Be Offered at Former Holiday Inn Property

Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center

The headline numbers for Unity Bancorp (UNTY) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Unity Bancorp (UNTY) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Unity Bancorp has posted a rise in third-quarter revenue and earnings that beat analysts' expectations in what it called a “challenging economic environment.” Its shares rose 0.8% to $23.73 in early Friday trading in New York.

Unity Bancorp shares rise on 3Q earnings beat

Unity Bancorp (UNTY) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.93 per share a year ago.

Unity Bancorp (UNTY) Q3 Earnings and Revenues Beat Estimates

CLINTON, N.J., Oct. 13, 2023 (GLOBE NEWSWIRE) --  Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.97 per diluted share, for the quarter ended September 30, 2023, compared to net income of $9.7 million, or $0.95 per diluted share for the quarter ended June 30, 2023. This represents a 2.6% increase in net income and a 2.1% increase in net income per diluted share. For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022. This represents a 5.0% increase in net income and a 7.9% increase in net income per diluted share.

Unity Bancorp Reports Quarterly Earnings of $9.9 Million

Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff's CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff's CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS

Unity Bank Opens Parsippany Area Branch Joined by Business & Community Leaders

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unity Bancorp (UNTY) have what it takes?

Why Unity Bancorp (UNTY) is a Top Dividend Stock for Your Portfolio

Solid revenue growth, opening new branches, efforts to bolster fee income and efficient capital deployments make Unity Bancorp (UNTY) stock a compelling investment idea.

5 Reasons Why Unity Bancorp (UNTY) Stock Is Worth Betting On

CLINTON, N.J., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank , has been selected for the second year in a row for the national Top 25 Banks ranking published by Bank Director magazine.

Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks

CLINTON, N.J., July 19, 2023 (GLOBE NEWSWIRE) -- Unity Bank was recently named the Best Bank 2023 by Hunterdon Happening , an annual rating of businesses located in Hunterdon County started in 2011. Hunterdon Happening reports that more than 300,000 votes were cast in the most recent review of local businesses.

Unity Bank Named Best Bank 2023 by Hunterdon Happening

Unity Bancorp is active in New Jersey. Its loan portfolio mainly consists of commercial real estate. Unfortunately, the bank does not provide a lot of details on its loan portfolio. I would like to see more details on the CRE portfolio. The residential mortgage portfolio mainly consists of mortgages issued to customers that don't qualify for conventional financing.

Unity Bancorp: Cheap Based On Earnings, But Too Much Of A Black Box

On July 14, 2023, Unity Bancorp Inc ( UNTY , Financial) recorded a significant price change of 5.15%, with the stock trading at $24.3 per share. Boasting a market cap of $244.7 million and sales of $100.8 million, the company's EPS stands at $3.7.

A Comprehensive Analysis of Unity Bancorp's (UNTY) Modest Undervaluation

Although the revenue and EPS for Unity Bancorp (UNTY) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Unity Bancorp (UNTY) Reports Q2 Earnings: What Key Metrics Have to Say

Unity Bancorp (UNTY) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.88 per share a year ago.

Unity Bancorp (UNTY) Beats Q2 Earnings and Revenue Estimates

CLINTON, N.J., July 14, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.7 million, or $0.95 per diluted share, for the quarter ended June 30, 2023, compared to net income of $10.3 million, or $0.96 per diluted share for the quarter ended March 31, 2023. This represents a 5.7% decrease in net income and a 1.0% decrease in net income per diluted share. For the six months ended June 30, 2023, Unity reported net income of $20.0 million or $1.91 per diluted share, compared to net income of $18.6 million or $1.74 per diluted share for the six months ended June 30, 2022. This represents a 7.7% increase in net income and a 9.8% increase in net income per diluted share.

Unity Bancorp Reports Quarterly Earnings of $9.7 Million

CLINTON, N.J., July 07, 2023 (GLOBE NEWSWIRE) -- Unity Bank has been awarded the Raymond James Community Bankers Cup for 2022, an honor that recognizes the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics.

Unity Bank Awarded the Raymond James Community Bankers Cup

Unity Bancorp (UNTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Unity Bancorp (UNTY) Q2 Earnings Expected to Decline

CLINTON, N.J., June 28, 2023 (GLOBE NEWSWIRE) -- Banking industry veteran Daniel Sharabba has joined Unity Bank as Senior Vice President/Senior Retail Officer. The Morris Plains resident is responsible for the development and execution of the community bank's branch banking operations.

Unity Bank Appoints Industry Veteran Daniel Sharabba as SVP/Senior Retail Officer

Unity Sponsored Customer for $120,000 Affordable Housing Program Grant Unity Sponsored Customer for $120,000 Affordable Housing Program Grant

Unity Bank Loan Supports Mountain Lakes Veteran Low Income Housing Project

Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & Lehigh Valley, Pa. Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & Lehigh Valley, Pa.

Unity Bank Opening First Branch in Morris County

Unity is Only New Jersey Headquartered Bank Recognized on the Annual Ranking Unity is Only New Jersey Headquartered Bank Recognized on the Annual Ranking

Unity Bank Selected for the ICBA Best-Performing Banks 2023 List

CLINTON, N.J., April 27, 2023 (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 purchases will be dictated by a number of factors.

Unity Bancorp Approves New Share Repurchase Program

Unity Bancorp (UNTY) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.85 per share a year ago.

Unity Bancorp (UNTY) Surpasses Q1 Earnings and Revenue Estimates

CLINTON, N.J., April 17, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.3 million, or $0.96 per diluted share, for the quarter ended March 31, 2023, compared to net income of $10.0 million, or $0.93 per diluted share for the quarter ended December 31, 2022. This represents a 3.0% increase in net income and a 3.2% increase in net income per diluted share.

News for Unity Bancorp Stock (UNTY)