Unity Bancorp: Solid Start To Regional Bank Earnings
Unity Bancorp's Q4 results highlight loan growth and improved asset quality. Find out why UNTY stock is rated as a hold due to a slightly stretched valuation.
Unity Bancorp (UNTY) Surpasses Q4 Earnings and Revenue Estimates
Unity Bancorp (UNTY) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.
Unity Bancorp reports Q4 EPS $1.13, consensus $1.06
James Hughes, President and CEO, commented on the financial results: “We are proud to share with you the results of Unity Bancorp (UNTY) Inc.
Unity Bancorp: Q4 Earnings Snapshot
The bank holding company posted revenue of $42.2 million in the period. Its revenue net of interest expense was $28.4 million, topping Street forecasts. For the year, the company reported profit of $41.5 million, or $4.06 per share. Revenue was reported as $107.1 million.
Compared to Estimates, Unity Bancorp (UNTY) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2024, Unity Bancorp (UNTY) reported revenue of $28.41 million, up 6.8% over the same period last year. EPS came in at $1.13, compared to $0.96 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $28.
Recap: Unity Bancorp Q4 Earnings
Unity Bancorp beat estimated earnings by 18.0%, reporting an EPS of $1.13 versus an estimate of $0.96. Revenue was up $1.81 million from the same period last year. Last quarter the company beat on EPS by $0.12 which was followed by a 7.000000000000001% increase in the share price the next day.
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Unity Bancorp Inc.
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
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Unity Bancorp (NASDAQ:UNTY) Stock Quotes, Forecast and News Summary
Unity Bancorp (NASDAQ: UNTY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.97 per share a year ago.
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Unity Bancorp (NASDAQ:UNTY) shareholders have earned a 17% CAGR over the last five years
For example, long term Unity Bancorp, Inc. (NASDAQ:UNTY) shareholders have enjoyed a 99% share price rise over the last half decade, well in excess of the market return of around 80% (not ...
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Insider Sale: Chief Technology Officer/SVP of $UNTY (UNTY) Sells 4,167 Shares
$UNTY insiders have traded $UNTY stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Unity Bancorp, Inc. (NASDAQ:UNTY) Sees Large Growth in Short Interest
Unity Bancorp, Inc. (NASDAQ:UNTY – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 36,800 shares, an ...
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Unity Bancorp, Inc. (UNTY)
This esteemed award honors outstanding young professional CLINTON, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its ...