Unity Bancorp reports Q2 EPS 93c, consensus 92c

James Hughes, President and CEO, commented on the financial results: “Despite the persistent challenges posed by the inverted yield curve, we are pleased to announce another strong quarter for Unity Bancorp, Inc. For the quarter, we achieved $9.5 million of net income, equivalent to $0.93 per diluted share. Our net interest margin remained above 4% and we delivered an impressive ROA of 1.56% and ROE of 14.07%.”