UNITY BANCORP INC (UNTY) revealed earnings for its fourth quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings came in at $15.472 million, or $1.52 per share. This compares with $11.505 million, or $1.13 per share, last year.
Excluding items, UNITY BANCORP INC reported adjusted earnings of $14.351 million or $1.41 per share for the period.
Analysts on average had expected the company to earn $1.36 per share. Analysts' estimates typically exclude special items.
UNITY BANCORP INC earnings at a glance (GAAP) :
-Earnings: $15.472 Mln. vs. $11.505 Mln. last year.-EPS: $1.52 vs. $1.13 last year.
For the fourth quarter, the lender posted a net interest income of $31.369 million, higher than $26.490 million in the same period last year. Total noninterest income stood at $3.898 million as against the prior year’s $1.916 million.
Total gross loans were $2.544 billion, higher than $2.260 billion a year ago. This is primarily due to increased commercial and residential mortgages and commercial construction loan categories.
Total deposits moved up to $2.324 billion from $2.100 billion in the previous year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.