Unity Bancorp: Q1 Earnings Snapshot
CLINTON, N.J. (AP) _ Unity Bancorp Inc. (UNTY) on Thursday reported first-quarter earnings of $8.5 million.
The Clinton, New Jersey-based bank said it had earnings of 80 cents per share.
The bank holding company posted revenue of $24.3 million in the period. Its revenue net of interest expense was $21.7 million, which did not meet Street forecasts.
Unity Bancorp shares have risen 18% since the beginning of the year. The stock has increased 77% in the last 12 months.