CLINTON, N.J. (AP) _ Unity Bancorp Inc. (UNTY) on Wednesday reported fourth-quarter net income of $5.8 million.
The Clinton, New Jersey-based bank said it had earnings of 53 cents per share.
The bank holding company posted revenue of $20 million in the period. Its revenue net of interest expense was $16.1 million, surpassing Street forecasts.
For the year, the company reported profit of $21.9 million, or $2.01 per share. Revenue was reported as $62.8 million.
Unity Bancorp shares have declined roughly 8 percent since the beginning of the year. The stock has dropped almost 7 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