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Unity Bancorp: 4Q Earnings Snapshot

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