FILING ANALYSIS · TUESDAY, OCTOBER 13
UNITY BANCORP INC /NJ/ UNTY — 8-K: Results of Operations and Financial Condition
positive
Unity Bancorp reported quarterly earnings of $17.4 million, or $1.70 per diluted share, with net interest income increasing by $2.5 million and net interest margin expanding by 11 basis points, driven by strong loan originations and repricing of existing loans. The company also benefited from a one-time $2.5 million tax benefit from the purchase of transferable federal investment tax credits.
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