UNTY
Unity Bancorp, Inc.55.60
-0.68-1.21%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
558.19MP/E (TTM)
10.55Basic EPS (TTM)
5.27Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Unity Bancorp crushed FY2025 with net income jumping 39.8% to $58.0M ($5.67 diluted EPS), fueled by 18.7% net interest income growth to $117.0M and NIM expansion to 4.52% from 4.16%; loans surged 12.6% to $2.5B while deposits rose 10.7% to $2.3B. Q4 accelerated the momentum, delivering $15.5M net income—strongest quarter yet—on robust loan yields and securities gains, though nonaccruals ticked to 1.17% from 0.58%. Repurchased 116K shares; equity swelled to $346M. CRE loans hit 231.92% of risk-based capital, drawing regulator eyes.
8-K
7% dividend hike declared
Unity Bancorp declared a $0.16 per common share cash dividend on February 26, 2026, up 7% from prior quarter, payable March 20 to record holders on March 6. This signals robust financial performance and disciplined balance sheet management. Dividend hikes reward shareholders. CEO cites commitment to sustainable growth amid forward-looking risks like interest rates.
8-K
Q4 earnings beat, loans soar
Unity Bancorp posted Q4 net income of $15.5M, or $1.52 per diluted share, up from $14.4M last quarter, fueled by $31.4M net interest income and NIM expansion to 4.60%. Loans surged 12.6% to $2.54B yearly, deposits 10.7% to $2.32B, yet nonaccruals climbed to 1.17% on a $15.5M CRE shift. Leadership shakeup: Boyan named President January 1. Nonaccruals doubled.
8-K
Amends deferred comp interest
Unity Bancorp amended its subsidiary Unity Bank's Deferred Compensation Plan on December 18, 2025, switching installment payout interest from fixed to variable: Prime Rate plus 1%, floored at 4% and capped at 10%, compounded monthly. This applies to participants and beneficiaries electing 10 equal annual installments of the termination-date deferral balance plus accrued interest. Original plan terms otherwise unchanged.
8-K
Exec promotions announced
Unity Bancorp promotes George Boyan to President of the company and Unity Bank, effective January 1, 2026, while appointing him to both boards, expanding them to ten members. James Davies steps up as CFO, replacing Boyan; CEO James Hughes stays on. Leadership runs deep here. No related party ties or new comp deals disclosed beyond prior retention and change-in-control agreements.
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