The financial performance of Unity Bancorp, Inc. (NASDAQ: UNTY) for the third quarter was disclosed. The report was released this morning before market open.
The market is abuzz with the news that the top line and bottom line have surpassed market forecasts.
The concern published a income of $1.07 per share for the quarter, outplayed the wall street estimated $0.96 profit per share.
Nevertheless, revenues for the quarter hitting $27.66 million, gone beyond market expected $26.66 million.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.07 | +10.3% | 27.66 M | +8.1% |
| Historical Earnings Insight | ||||
| Q2 2024 | $0.93 | -2.1% | 25.46 M | -0.7% |
| Q1 2024 | $0.93 | -3.1% | 25.56 M | +0.9% |
| Q4 2023 | $0.96 | +3.2% | 26.60 M | -0.2% |
| Q3 2023 | $0.97 | +4.3% | 25.58 M | +2.9% |
| Q2 2023 | $0.95 | +8.0% | 25.64 M | +4.6% |
| *Growth on year-over-year basis | ||||
The diluted earnings advanced 10.31 percent, besides revenues accelerated 8.14 percent in contrast to the related quarter of preceding year.
Unity Bancorp (UNTY) shares experienced a range of $32.30 to $33.10 on a day volume of 14.10 thousand shares. The stock closed Thursday's regular trading session at $32.96, reflecting a 0.61 percent rise.
