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Unity Bancorp: 1Q Earnings Snapshot

CLINTON, N.J. (AP) _ Unity Bancorp Inc. (UNTY) on Thursday reported first-quarter net income of $5.7 million.

The Clinton, New Jersey-based bank said it had earnings of 52 cents per share.

The bank holding company posted revenue of $20.5 million in the period. Its revenue net of interest expense was $16.2 million, surpassing Street forecasts.

Unity Bancorp shares have increased 3.5 percent since the beginning of the year. The stock has declined nearly 5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNTY at https://www.zacks.com/ap/UNTY