UNITY BANCORP INC /NJ/

Unity Bancorp, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income of $14.5 million, or $1.42 per diluted share. This represents an increase from $14.3 million, or $1.40 per diluted share, in the previous quarter. For the first six months of 2026, net income reached $28.8 million, or $2.82 per diluted share, demonstrating consistent growth compared to the prior year. CEO James A. Hughes highlighted robust core operating performance, a 4.56% net interest margin, and healthy loan and deposit growth, positioning the company for continued profitable growth in the second half of the year.

Unity Bancorp, Inc. announced the appointment of Sara M. Sooy and Alfred J. Gaburo to its Board of Directors. Sooy brings extensive banking, finance, governance, and public-sector leadership experience, including public company audit committee service and credit risk evaluation. Gaburo offers over three decades of experience in public affairs, government relations, economic development, and strategic advocacy across various industries in New Jersey. CEO James A. Hughes stated their experience and understanding of New Jersey's landscape will strengthen the board and support the bank's continued growth.

Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.16 per common share. This dividend is scheduled to be paid on June 18, 2026, to shareholders of record as of June 4, 2026. The financial services organization, headquartered in Clinton, NJ, has approximately $3.0 billion in assets and $2.4 billion in deposits.

Unity Bancorp, Inc. announced that its Board of Directors has declared a cash dividend of $0.16 per common share. This dividend is payable on June 18, 2026, to shareholders of record as of June 4, 2026. The financial services organization, headquartered in Clinton, New Jersey, has approximately $3.0 billion in assets and $2.4 billion in deposits.

Unity Bancorp reported a strong first quarter for 2026, with net income increasing significantly by 23.2% year-over-year to $14.29 million. Basic net income per common share also saw a substantial rise of 24.3% to $1.43. The company experienced robust growth in both net interest income and total noninterest income, while the provision for credit losses on loans decreased. Total assets and deposits also showed healthy quarter-over-quarter growth.

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.

Unity Bancorp, Inc. reported a decrease in net income and diluted earnings per share for the quarter ended March 31, 2026. Net income fell to $14.3 million, or $1.40 per diluted share, from $15.5 million, or $1.52 per diluted share, in the prior quarter. The decline was primarily driven by a decrease in net interest income and noninterest income, partially offset by a lower provision for credit losses.

Unity Bancorp, Inc. reported net income of $14.3 million, or $1.40 per diluted share, for the first quarter ended March 31, 2026. This represents a 23.2% increase in net income compared to the same period last year. The company achieved solid organic growth, with gross loans increasing by $56.9 million (2.2%) and total customer deposits growing by $58.7 million (2.9%) from year-end 2025, highlighting strong profitability and balance sheet strength.