Brief: Unity Bancorp Reports Quarterly Earnings Of $5.4 Million

Unity Bancorp

17/04/2020 11:13

April 17 (Reuters) - Unity Bancorp Inc  UNTY.O :
    * UNITY BANCORP REPORTS QUARTERLY EARNINGS OF $5.4 MILLION
    * Q1 EARNINGS PER SHARE $0.49
    * Q1 EARNINGS PER SHARE ESTIMATE $0.50 -- REFINITIV IBES
DATA
    * EXPECT TRANSITORY GROWTH IN Q2 DUE TO VOLUME OF PPP LOANS
    * UNITY BANCORP - REPORTED NET INCOME FOR QUARTER ENDED DOWN
6.5%,
PRIMARILY DUE TO INCREASE OF $1 MILLION IN PROVISION FOR LOAN
LOSSES

Source text for Eikon:  ID:nGNX9QHtqJ 
Further company coverage:  UNTY.O 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))