Unity Bancorp (UNTY) Reports Q1 EPS of $0.23
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Unity Bancorp Reports Net Income Increased 50%
April 22, 2015 6:00 AM EDTCLINTON, N.J., April 22, 2015 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (Nasdaq: UNTY), parent company of Unity Bank, reported net income of $1.9 million, or $0.23 per diluted share, for the three months ended March 31, 2015, a 50.0% increase compared to net income of $1.3 million, or $0.17 per diluted share, for the same period a year ago. Return on average assets and average common equity for the quarter were 0.82% and 11.08%, respectively, compared to 0.59% and 9.06% for the same period a year ago.
Highlights include:
3.0% loan growth since year-end 2014 6.6% growth in residential mortgage loans, 5.8% growth in consumer loans and 2.2% growth in... MoreUnity Bancorp Reports Net Income Increased 50%
April 22, 2015 6:00 AM EDTCLINTON, N.J., April 22, 2015 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (Nasdaq: UNTY), parent company of Unity Bank, reported net income of $1.9 million, or $0.23 per diluted share, for the three months ended March 31, 2015, a 50.0% increase compared to net income of $1.3 million, or $0.17 per diluted share, for the same period a year ago. Return on average assets and average common equity for the quarter were 0.82% and 11.08%, respectively, compared to 0.59% and 9.06% for the same period a year ago.
Highlights include:
3.0% loan growth since year-end 2014 6.6% growth in residential mortgage loans, 5.8% growth in consumer loans and 2.2% growth in... More