(RTTNews) - UNITY BANCORP INC (UNTY) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $16.49 million, or $1.61 per share. This compares with $9.45 million, or $0.93 per share, last year.
Excluding items, UNITY BANCORP INC reported adjusted earnings of $12.25 million or $1.20 per share for the period.
Analysts on average had expected the company to earn $1.18 per share. Analysts' estimates typically exclude special items.
UNITY BANCORP INC earnings at a glance (GAAP) :
-Earnings: $16.49 Mln. vs. $9.45 Mln. last year. -EPS: $1.61 vs. $0.93 last year.
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