CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income of $9.6 million, or $0.93 per diluted share for the quarter ended March 31, 2024. This represents a 1.4% decrease in net income and no change in net income per diluted share. For the six months ended June 30, 2024, Unity Bancorp reported net income of $19.0 million, or $1.86 per diluted share, compared to net income of $20.0 million, or $1.91 per diluted share, for the six months ended June 30, 2023. This represents a 4.7% decrease in net income and a 2.6% decrease in net income per diluted share. James A. 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 ...