Unity Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
January 12, 2024 at 06:41 am EST
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Unity Bancorp, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 95 million compared to USD 90.11 million a year ago. Net income was USD 39.71 million compared to USD 38.46 million a year ago.
Basic earnings per share from continuing operations was USD 3.89 compared to USD 3.66 a year ago. Diluted earnings per share from continuing operations was USD 3.84 compared to USD 3.59 a year ago.
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Companyâs wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
UNITY BANCORP, INC. 
