Quarterly ResultApr 22, 2026, 04:06 PM
Unity Bancorp FY2025 Net Income Jumps 40% to $57.95M
AI Summary
Unity Bancorp, Inc. reported strong financial performance for fiscal year 2025, with net income increasing to $57.95 million from $41.45 million in FY2024. Diluted earnings per share also saw a significant rise to $5.67 from $4.06 over the same period. The company achieved improved operating ratios, including a return on average assets of 2.17% and a return on average equity of 18.07% for FY2025. For the first quarter of 2026, net income was $14.29 million, or $1.40 per diluted share, a slight decrease from $15.47 million ($1.52 diluted EPS) in the fourth quarter of 2025.
Key Highlights
- FY2025 net income increased to $57.95 million from $41.45 million in FY2024.
- FY2025 diluted EPS rose to $5.67 from $4.06 in FY2024.
- FY2025 return on average assets was 2.17%, and return on average equity was 18.07%.
- 1Q2026 net income was $14.29 million, with diluted EPS of $1.40.
- 1Q2026 efficiency ratio was 41.77%.