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Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion Unity Maintains Strong Ranking in Bank Director Magazine Listing CLINTON, NJ | August 2024 - Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company, has once again been recognized in the prestigious Top 25 Banks ranking by Bank Director magazine. Unity Bank is listed as the 13th best publicly traded bank in the nation and is 5th in Return on Assets (ROA) among banks with less than $5 billion in assets.
Read Story: Unity Ranked Top 25 Bank
Company Release - 8/15/2024
CLINTON, N.J., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024.
Read Story: Unity Bancorp Declares Cash Dividend
CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income of $9.6 million, or $0.93 per diluted share for the quarter ended March 31, 2024. This represents a 1.4% decrease in net income and no change in net income per diluted share. For the six months ended June 30, 2024, Unity Bancorp reported net income of $19.0 million, or $1.86 per diluted share, compared to net income of $20.0 million, or $1.91 per diluted share, for the six months ended June 30, 2023. This represents a 4.7% decrease in net income and a 2.6% decrease in net income per diluted share.
Read Story: Unity Bancorp Reports Quarterly Earnings of $9.5 Million
Company Release - 5/16/2024 CLINTON, N.J., May 16, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on June 21, 2024, to shareholders of record as of June 7, 2024.
Read Story: Unity Declares Cash Dividend
James A. Hughes, President & CEO, commented on the financial results: “We are pleased to announce another strong quarter for Unity Bancorp, Inc. For the quarter, we achieved $9.6 million of net income, equivalent to $0.93 per diluted share. Our core deposit franchise has demonstrated steady growth, reinforcing the strength of our balance sheet and contributing to impressive first quarter earnings metrics -- NIM of 4.09%, ROA of 1.58% and ROE of 14.49%.
Read Story: Unity Reports Q1 Earnings
Read Story: Crystal Rose Selected as Lehigh Valley Business Woman of Influence
Unity Bancorp Announces 8% Increase in First Quarter Dividend Company Release - 2/22/2024 CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
Unity Bank Presents $6,400 to Family Promise from Cruisin’ Bob’s Classic Car Show Proceeds CLINTON, NJ | January 2024 - Unity Bank recently presented $6,400 to Family Promise of Hunterdon County and Family Promise of Warren County through the 17th Annual Cruisin’ Bob’s Classic Car Show held at the bank’s Clinton headquarters in October. Unity Bank donates all proceeds from the annual car show to the non-profits, in addition to donating volunteer time to coordinate the event.
Read Story: Unity Bank’s Car Show Raises $6,400
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million James A. Hughes, President & CEO, commented on the financial results: “I am proud to share with you the outstanding financial results of Unity Bancorp Inc. for the 2023 fiscal year, a period thatwas marked by unprecedented challenges in the banking sector. We achieved a record year of earnings with $39.7 million in net income, or $3.84 per diluted share. For the fourth quarter, we generated $9.8 million in net income, or $0.96 per diluted share.
Read Story: Unity Reports Q4 & Year End Earnings
New Owners of Easton’s Bar-Don Lanes Supported by Unity Bank Financing Bowling Alley has been a Community Fixture since 1958 and Unity’s Financing Package is evidence of the Unity’s commitment to supporting Easton Area Businesses
Read Story: Unity Finances Bar-Don
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Speedbump Modal Called Incorrectly!
Simple Modal Called Incorrectly!