Unity Bancorp: 4Q Earnings Snapshot

by The Associated Press
| January 21, 2020 3:27 AM

CLINTON, N.J. (AP) _ Unity Bancorp Inc. (UNTY) on Tuesday reported fourth-quarter earnings of $6.1 million.

The Clinton, New Jersey-based bank said it had earnings of 55 cents per share.

The bank holding company posted revenue of $21.7 million in the period. Its revenue net of interest expense was $17.2 million, which topped Street forecasts.

For the year, the company reported profit of $23.7 million, or $2.14 per share. Revenue was reported as $67.1 million.

Unity Bancorp shares have decreased slightly more than 5% since the beginning of the year. The stock has increased roughly 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNTY at https://www.zacks.com/ap/UNTY