Unity Bancorp (UNTY) Reports Q3 EPS of $0.93

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Unity Bancorp Reports Quarterly Earnings of $9.9 Million

October 14, 2022 6:00 AM EDT

CLINTON, N.J., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.93 per diluted share, for the quarter ended September 30, 2022, compared to net income of $9.5 million, or $0.90 per diluted share for the prior years third quarter. This represents a 5.1% increase in net income and a 3.3% increase in net income per diluted share. For the nine months ended September 30, 2022, Unity reported net income of $28.5 million, or $2.67 per diluted share, compared to $26.4 million or $2.50 per diluted share for the prior years... More