Unity Bancorp’s Q4 earnings show solid revenue growth and positive surprises in key metrics
New Jersey: Unity Bancorp just released its Q4 earnings for December 2024. They reported revenue of $28.41 million, which is a nice 6.8% increase from last year. Their earnings per share (EPS) hit $1.13, up from $0.96 a year ago.
When we look at the estimates, they beat the Zacks Consensus Estimate of $28.02 million by about 1.38%. The EPS also surprised analysts, who expected $1.08, so that’s a solid +4.63% surprise.
Investors usually keep an eye on these headline numbers, but it’s the underlying metrics that really tell the story. These figures help gauge how well the company is doing overall and can guide investors on future stock performance.
Here’s a quick look at some key metrics for Unity Bancorp this quarter: their net interest margin was 4.4%, slightly above the 4.2% estimate. The efficiency ratio came in at 44.4%, just above the expected 44.3%. However, total noninterest income was $1.92 million, which fell short of the $2.42 million estimate. On the bright side, net interest income was $26.49 million, beating the $25.60 million estimate.
Over the past month, Unity Bancorp shares have dipped by 6.1%, while the S&P 500 composite dropped by 3.3%. Currently, the stock holds a Zacks Rank #3, suggesting it might perform similarly to the broader market soon.
