Unity Bancorp Stock Price, News & Analysis

Unity Bancorp (NASDAQ: UNTY) has declared a quarterly cash dividend of $0.14 per common share, payable on June 20, 2025, to shareholders of record as of June 6, 2025. The company, headquartered in Clinton, New Jersey, operates through its subsidiary Unity Bank, which serves retail, corporate, and small business customers. Unity Bancorp currently maintains $2.8 billion in assets and $2.2 billion in deposits, with branches across multiple counties in New Jersey and Pennsylvania.

Unity Bank (NASDAQ: UNTY) has been named one of the top-performing small banks in the United States by the Hovde Group for the third time. The recognition comes as part of Hovde's 2025 annual ranking of small banks with market capitalizations between $100 million and $1.5 billion.

The evaluation criteria included key financial metrics such as pre-tax pre-provision net revenue, efficiency ratios, loan and deposit growth, tangible book value growth, and employee productivity. James Hughes, President & CEO of Unity Bank, emphasized that this recognition validates their strategy focused on long-term, responsible growth.

Unity Bancorp (NASDAQ: UNTY) reported Q1 2025 net income of $11.6 million, or $1.13 per diluted share, showing a 0.8% increase from Q4 2024's $11.5 million. The company achieved a 1.83% ROA and 15.56% ROE.

Key highlights include strong Commercial and Residential lending growth of $84.5 million (3.74% increase) and customer deposit growth of $90.7 million (4.82% increase) quarter-over-quarter. The bank maintains approximately $2.8 billion in assets and $2.2 billion in deposits.

Unity Bank operates through its branch network across multiple New Jersey counties and Northampton County in Pennsylvania, focusing on retail, corporate, and small business customers while maintaining conservative loan-to-value and debt-service-coverage levels.

Unity Bancorp (NASDAQ: UNTY) has announced an 8% increase in its quarterly cash dividend to $0.14 per common share, up from $0.13 in the previous quarter. The dividend will be payable on March 28, 2025, to shareholders of record as of March 14, 2025.

The company, headquartered in Clinton, New Jersey, currently manages approximately $2.7 billion in assets and $2.1 billion in deposits. Unity Bank provides financial services through its branch network across multiple counties in New Jersey and Pennsylvania.

CEO James A. Hughes emphasized that this dividend increase reflects the company's strong financial health and positive outlook on growth and earnings, while maintaining a conservative capital position.

Unity Bancorp (NASDAQ: UNTY) reported strong financial results for Q4 and full-year 2024. The company achieved quarterly net income of $11.5 million ($1.13 per diluted share), up 5.5% from Q3 2024's $10.9 million. Full-year 2024 net income reached $41.5 million ($4.06 per diluted share), representing a 4.4% increase from 2023's $39.7 million.

Q4 2024 highlights include a 21 basis points expansion in net interest margin, achieved through a 20 basis points reduction in cost of funds and a 4 basis points increase in loan yield. Loan portfolio grew by $43.3 million (1.95%) quarter-over-quarter, while deposits increased by $54.2 million (2.65%). Notably, noninterest bearing demand deposits rose by $16.8 million (3.97%).

The company maintains a strong presence with approximately $2.7 billion in assets and $2.1 billion in deposits, serving retail, corporate, and small business customers across multiple counties in New Jersey and Pennsylvania.

Unity Bank has launched new electric vehicle (EV) charging stations at its Clinton, New Jersey headquarters, marking a significant step in its sustainability initiatives. The facility features Lynkwell DCFC chargers with four plugs and 60kW DC fast charging capabilities, allowing multiple vehicles to charge simultaneously. During charging sessions, visitors can enjoy complimentary beverages at the Unity Bank café during business hours, while employees and customers receive special charging fee discounts.

The installation, completed in collaboration with Encore Energy Group, aims to promote EV adoption and environmental sustainability. The charging stations are located at 64 Old Highway 22 in Clinton, NJ, and are now fully operational for public use.

Unity Bank announces that Amanda Roche, Vice President and Finance Department Supervisor, has been named a 2024 New Leader in Banking by the New Jersey Bankers Association. Roche, one of 22 banking professionals under 40 to receive this recognition, was selected through an impartial evaluation process focusing on leadership qualities, communication skills, and community service commitment. A licensed CPA who joined Unity Bank in 2022, Roche was honored at an awards ceremony on November 7, 2024, at The Stone House at Stirling Ridge in Warren, New Jersey.

Unity Bancorp (NASDAQ: UNTY) has announced a quarterly cash dividend of $0.13 per common share, payable on December 31, 2024, to shareholders of record as of December 13, 2024. The company, which operates through its subsidiary Unity Bank, has approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank provides financial services across multiple counties in New Jersey and Pennsylvania through its branch network.

Unity Bancorp (NASDAQ: UNTY) reported record quarterly earnings of $10.9 million, or $1.07 per diluted share, for Q3 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share compared to Q2 2024. For the first nine months of 2024, net income remained stable at $29.9 million, with earnings per share increasing 2.1% to $2.94.

Key highlights include:

• Net interest margin expanded to 4.16%
• ROA of 1.76% and ROE of 15.55%
• Gross loans grew $46.9 million (2.2%) quarter-over-quarter
• Commercial loans increased $50.6 million (3.8%)
• Customer deposits grew $42.6 million (2.4%)

The company maintains strong profitability metrics across interest rate scenarios and continues to focus on supporting local communities through loan and deposit growth.