UNITY BANCORP INC /NJ/ (UNTY) Company Report

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.

Oct 14, 2025, 12:16 PM

8-K

Unity Bancorp Announces Dividend Increase

UNTY

Dividends

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.

Aug 21, 2025, 12:00 AM

8-K

Unity Bancorp Reports Strong Q2 Earnings

UNTY

Earnings

Guidance Update

Revenue Acceleration/Inflection

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%.

Jul 15, 2025, 10:10 AM

Morningstar

Unity Bancorp Declares Q2 2025 Cash Dividend

UNTY

Dividends

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.

May 22, 2025, 12:00 AM

8-K

Unity Bancorp Reports Record FY2024 Performance, Q1 2025 Momentum & Annual Shareholders’ Meeting Highlights

UNTY

Proxy Vote Outcomes

Revenue Acceleration/Inflection

Auditor Change

Earnings

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

Apr 24, 2025, 12:31 PM

Transcript 8-K 8-K

Unity Bancorp Reports Q1 2025 Earnings

UNTY

Earnings

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.

Apr 11, 2025, 12:00 AM

8-K

Unity Bancorp Announces Enhanced Dividend Payment

UNTY

Dividends

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.

Feb 27, 2025, 12:00 AM

8-K

Unity Bancorp Inc Reports Q4 2024 Earnings

UNTY

Earnings

Unity Bancorp Inc. (NASDAQ: UNTY), the parent of Unity Bank, reported Q4 2024 net income of $11.5 million or $1.13 per diluted share, compared to $10.9 million or $1.07 per diluted share in Q3 2024.
For the full year ended December 31, 2024, the company achieved net income of $41.5 million or $4.06 per diluted share, up from $39.7 million or $3.84 per diluted share in the prior year.
Additional highlights include a rise in net interest income to $26.5 million and a lower effective tax rate of 20.6% for Q4 2024, reflecting improved operational performance.

Jan 15, 2025, 12:00 AM

8-K

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