CLINTON, N.J. (AP) — CLINTON, N.J. (AP) — Unity Bancorp Inc. (UNTY) on Tuesday reported net income of $15.5 million in its fourth quarter.
The bank, based in Clinton, New Jersey, said it had earnings of $1.52 per share. Earnings, adjusted for non-recurring gains, were $1.41 per share.
The bank holding company posted revenue of $49.8 million in the period. Its revenue net of interest expense was $35.3 million, surpassing Street forecasts.
For the year, the company reported profit of $58 million, or $5.67 per share. Revenue was reported as $131.8 million.
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