UNTY Research | Milton Maxwell

UNTY

Unity Bancorp, Inc.

55.60

-0.68-1.21%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

558.19M

P/E (TTM)

10.55

Basic EPS (TTM)

5.27

Dividend Yield

0.01%

Recent Filings

8-K

11/20/25Nov 20, 2025

8-K

11/20/25Nov 20, 2025

10-Q

Q3 FY2025 results

11/6/25Nov 6, 2025

Unity Bancorp posted solid Q3 results, with net income climbing 32% year-over-year to $14.4 million, or $1.41 per diluted share, fueled by robust loan growth and a wider net interest margin. Total loans surged 9.2% to $2.5 billion since year-end, driven by commercial real estate and mortgages, while net interest income rose 20.1% to $29.9 million on a 38 basis point margin expansion to 4.54% (derived). Deposits grew 8.0% to $2.3 billion, bolstering liquidity with cash equivalents at $203.5 million and $317.2 million in untapped FHLB lines. Nonaccrual loans ticked up to $20.5 million, yet the allowance for credit losses held steady at 1.23% of loans. Competition for deposits in a shifting rate environment remains a key watch point.

8-K

Q3 earnings dip on gains fade

10/14/25Oct 14, 2025

Unity Bancorp reported Q3 net income of $14.4 million, or $1.41 per diluted share, down from $16.5 million in Q2 due to lower noninterest income after a one-time securities gain. Loans grew 9.2% year-to-date to $2.47 billion, deposits rose 8.0% to $2.27 billion, and NIM expanded to 4.54%. The bank opened its 22nd branch in Madison, NJ, and hiked its dividend 7% to $0.15 per share. Nonaccrual assets ticked up to 0.71% of total assets.

8-K

7% dividend increase declared

8/21/25Aug 21, 2025

Unity Bancorp declared a quarterly cash dividend of $0.15 per common share, up 7% from prior levels, payable September 19, 2025, to shareholders of record on September 5. This hike signals board confidence in earnings strength and growth path, while sticking to conservative capital management. Returns stay steady. Forward-looking statements note risks like economic conditions and interest rates.

About

Unity Bancorp, Inc. operates as the bank holding company for Unity Bank that provides commercial and retail banking services. It offers personal and business checking, money market, savings, and retirement accounts, as well as time and noninterest and interest-bearing demand deposits. The company also provides commercial, small business administration, consumer, mortgage, and home equity and personal loans; and owner and non-owner-occupied commercial mortgages. In addition, it is involved in the residential construction, commercial, and industrial lending activities secured by business assets, including receivables, inventory, and equipment. Further, the company offers credit and debit cards, wire transfers, safe deposit boxes, automated teller, and internet and mobile banking services; automated clearing house origination and remote deposit capture services; and business services, such as escrow account, merchant, and online services. Unity Bancorp, Inc. was founded in 1991 and is headquartered in Clinton, New Jersey.

CEO

Mr. David D. Dallas

IPO

1/14/1997

Website

https://www.unitybank.com

Employees

238

Sector

Financial Services

Industry

Banks - Regional