Unity Bancorp: Q3 Earnings Snapshot

CLINTON, N.J. (AP) — CLINTON, N.J. (AP) — Unity Bancorp Inc. (UNTY) on Tuesday reported third-quarter net income of $17.4 million.

The bank, based in Clinton, New Jersey, said it had earnings of $1.70 per share. Earnings, adjusted for non-recurring gains, were $1.51 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.

The bank holding company posted revenue of $52.4 million in the period. Its revenue net of interest expense was $36.7 million.

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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