Detail akcie Unity Bancorp online

Business Summary: Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
Financial Summary: BRIEF: For the three months ended 31 March 2024, Unity Bancorp, Inc. interest income increased 14% to $37.9M. Net interest income after loan loss provision decreased 3% to $23.2M. Net income decreased 7% to $9.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 2% to 4.09%, Net Interest Spread, Total - % decrease of 9% to 3.25%, SBA loans decrease of 5% to $1.3M.