Unity Bancorp (UNTY) Reports In-Line Q4 EPS
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Unity Bancorp Reports Quarterly Earnings of $5.8 Million
January 23, 2019 6:00 AM ESTCLINTON, N.J., Jan. 23, 2019 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.8 million, or $0.53 per diluted share, for the quarter ended December 31, 2018, compared to $2.5 million, or $0.23 per diluted share, for the prior years quarter. Â Approximately $912 thousand, or $0.08 per diluted share, of this increase is attributed to the lower effective tax rate due to the Tax Cuts and Jobs Act (the Tax Act.)
For the year ended December 31, 2018, Unity reported net income of $21.9 million, or $2.01 per diluted share, compared to $12.9 million, or $1.20... More
