Unity Bancorp Q4 EPS $0.96 Beats $0.86 Estimate, Loan To Deposit Ratio 113% At 2023-End, Compared To Approximately 118% Year-Ago
Portfolio Pulse from Benzinga Newsdesk
Unity Bancorp reported a Q4 EPS of $0.96, surpassing the estimated $0.86. The company's loan to deposit ratio stood at 113% at the end of 2023, which is a decrease from approximately 118% the previous year.
January 12, 2024 | 11:14 am
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Unity Bancorp's Q4 earnings per share exceeded expectations, and the company has a lower loan to deposit ratio compared to last year, indicating a potential improvement in liquidity.
Beating the EPS estimate typically has a positive effect on investor sentiment and can lead to a short-term increase in stock price. The decrease in the loan to deposit ratio may be viewed as a positive sign of the bank's liquidity and risk management, which could further bolster investor confidence.
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