Earnings release
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For Immediate Release Unity Bancorp , Inc. ( NASDAQ : UNTY ) October 15 , 2021 News Media & Financial Analyst Contact : George Boyan , EVP and CFO (908)713-4565 Unity Bancorp Reports Record Quarterly Earnings of $ 9.5 Million EPS $ 0.90 ROA 1.96 % ROE NIM 19.57 % 4.27 % CEO COMMENTARY : $ 10.0 James A. Hughes , President and CEO , stated : $ 9.0 I am pleased to announce another excellent quarter for Unity , reflecting our increased earnings and revenue growth . Business segments are exhibiting strong performance and are making positive contributions to Unity's overall results . Steady growth in loans and deposits continue to drive core banking earnings and our capital base is on solid $ 8.0 $ 7.0 $ 6.0 $ 5.0 5.8 $ 4.0 $ 3.0 footings . While some effects of the pandemic still linger , the resiliency of our employees and customers continue to be the driving force $ 2.0 $ 1.0 $ - behind Unity's success . I would like to thank our dedicated employees and loyal customers for your steadfast support of Unity and the communities we serve . 3Q2020 Net Income ( In Millions ) 9.5 8.5 8.4 7.3 4Q2020 1Q2021 2Q2021 3Q2021