UNITY BANCORP INC /NJ/ (UNTY)

• Unity Bancorp, Inc. (UNTY) has been designated a Top Bank Investment Idea for 2026 by Piper Sandler, featured in its annual Financial Services Top Ideas report.
• Piper Sandler highlighted Unity's double-digit loan growth and an impressive 4.5% net interest margin.
• The company demonstrates strong capital strength with a Tangible Common Equity (TCE) ratio of 11.6% and a CET1 ratio of 14.5%, alongside a return on assets approaching 2%.
• Unity Bancorp was also recognized in Piper Sandler’s Sm-All Stars Class of 2025.

Unity Bancorp reported the following financial results:

• On a core basis, excluding a $1.5 million pre-tax unrealized gain related to the Patriot National Bancorp, Inc. resolution, Q4 2025 earnings were $14.4 million, or $1.41 per diluted share.
• Total gross loans increased 3.1% from Q3 2025 to $2,544.7 million, and total deposits grew 2.5% to $2,324.1 million as of December 31, 2025.
• Nonaccrual assets increased to $31.3 million as of December 31, 2025, from $20.5 million in Q3 2025, primarily due to one $15.5 million commercial real estate relationship.
• During Q4 2025, Unity Bancorp repurchased 66,296 shares at a weighted average price of $46.55 per share.
• Effective January 1, 2026, George Boyan was promoted to President and appointed to the Boards of Directors, with James Davies succeeding him as Chief Financial Officer.

• Unity Bancorp, Inc. reported net income of $15.5 million ($1.52 per diluted share) for the quarter ended December 31, 2025.
• For the full year ended December 31, 2025, the company achieved record net income of $58.0 million ($5.67 per diluted share), marking a 39.8% increase from the prior year.
• In 2025, Unity Bancorp experienced significant organic growth, with gross loans increasing by $284 million (12.6%) and total deposits growing by $224 million (10.7%).
• A $15.5 million owner-occupied commercial mortgage relationship migrated to nonaccrual status in Q4 2025, resulting in a $1.6 million pre-tax impact to the income statement.
• The company also recognized a $1.5 million pre-tax unrealized gain related to the resolution of Patriot National Bancorp, Inc..

• Unity Bancorp, Inc. reported net income of $14.4 million, or $1.41 per diluted share, for the third quarter ended September 30, 2025. For the nine months ended September 30, 2025, net income was $42.5 million, or $4.15 per diluted share, representing a 41.9% increase compared to the same period in 2024.
• The company expanded its operations with the opening of its 22nd branch in Madison, New Jersey in September 2025.
• As of September 30, 2025, total gross loans increased to $2,468,527 thousand and total deposits reached $2,267,484 thousand. Shareholders' equity stood at $334,023 thousand, and book value per common share was $33.26.
• Net interest income for Q3 2025 was $29.856 million, with a net interest margin of 4.54%. Additionally, Unity Bancorp announced a 7% increase in its third-quarter cash dividend to $0.15 per common share.

• Unity Bancorp, Inc. announced a 7% increase in its third-quarter dividend.
• The Board of Directors declared a cash dividend of $0.15 per common share.
• The dividend is payable on September 19, 2025, to shareholders of record as of September 5, 2025.
• The increase reflects confidence in the company's earnings strength and long-term growth trajectory.

• Unity Bancorp reported strong second-quarter earnings with a net income of $16.5 million and diluted earnings per share of $1.61.
• These results were bolstered by one-time gains totaling $5.5 million related to securities and a $2 million reversal of credit loss reserves. Excluding these items, adjusted earnings were $12.2 million, or $1.20 per share.
• Loan growth remained robust, with new balances increasing by $37.5 million in Q2, reflecting a 1.6% increase from March 31, 2025, and a 5.4% increase from year-end 2024. Nonaccrual assets fell to 0.54% of total assets.
• Analysts maintain a bullish stance with a consensus recommendation of 1.7 (Outperform) and a median 12-month price target of $53. However, GuruFocus estimates the fair value at $38.20, suggesting a potential downside of approximately 27%.

• On May 22, 2025, Unity Bancorp filed an 8-K announcing a cash dividend of $0.14 per common share.
• The dividend is scheduled to be paid on June 20, 2025, with shareholders of record as of June 6, 2025.
• The company, headquartered in Clinton, NJ, is noted as a financial services organization with approximately $2.8 billion in assets and $2.2 billion in deposits.

• Record-breaking FY2024 performance: Net income of $41.5 million (or $41,450K) with an improved diluted EPS of 4.06, robust ratios (ROAA 1.68% and ROE 14.99%)
• Q1 2025 momentum: Achieved a record quarter earning of $11.6 million, with increased margins at 4.46% and improved operating ratios
• Annual Shareholders’ Meeting on April 24, 2025: President & CEO James A. Hughes to present key updates
• Strong shareholder participation: 6,820,086 shares cast during the meeting
• Board election outcomes: Directors Dr. Mary E. Gross, James A. Hughes, and Aaron Tucker elected
• Auditor ratification approved: Wolf & Company P.C. appointed as independent auditor for fiscal year ending December 31, 2025
• Corporate updates on branch expansion and core deposit growth strategies were also discussed

• Unity Bancorp, Inc. (NASDAQ: UNTY) reported net income of $11.6M (or $1.13 per diluted share) for Q1 2025, a 0.8% increase over the prior quarter.
• The quarter featured improved net interest income at $27.3M, driven by a higher net interest margin due to lower funding costs and increased asset yields.
• An increase in the provision for credit losses along with noninterest income rising to $2.1M highlights ongoing loan growth and enhanced fee income.

• Unity Bancorp, Inc. declared a cash dividend of $0.14 per common share payable on March 28, 2025 with shareholders of record as of March 14, 2025.
• The dividend represents an 8% increase over the previous quarter’s $0.13 per share payout.
• The announcement was made via a press release and filed as an 8-K report on February 27, 2025.