Welcome to our dedicated page for Unity Bancorp news (Ticker: UNTY), a resource for investors and traders seeking the latest updates and insights on Unity Bancorp stock.
Unity Bancorp Inc (UNTY) provides essential financial services through its community-focused Unity Bank, serving New Jersey and Pennsylvania markets. This page aggregates all material developments for investors tracking this regional banking institution.
Access official press releases and curated news covering earnings reports, leadership updates, product launches, and strategic initiatives. Our repository simplifies monitoring of commercial lending activities, SBA loan programs, and deposit service expansions relevant to UNTY's operations.
Key updates include regulatory filings, merger/acquisition announcements, and community partnership developments. Content is organized chronologically showcase the bank's evolving position in retail banking and SME financial solutions.
Bookmark this page for streamlined access to Unity Bancorp's financial communications. Verify critical information directly through SEC filings and company-issued disclosures when making investment decisions.
Unity Bank (NASDAQ: UNTY) has donated $50,000 to St. Jude Children’s Research Hospital as part of the Inspiration4 campaign, a $200 million initiative. This campaign, led by Jared Isaacman of Shift4 Payments (NYSE: FOUR), aims to support St. Jude's mission of finding cures for childhood cancer. The campaign underscores the urgent need for advancements in childhood cancer treatments globally, especially in low-income regions. The donation is part of a broader effort to enhance research capabilities at St. Jude, contributing to increased survival rates in childhood cancer.
Unity Bancorp, Inc. (NASDAQ: UNTY) has been ranked 20th nationally on the American Banker magazine's list of the Top 200 Publicly Traded Community Banks with under $2 billion in assets. This recognition highlights Unity as the top community bank in New Jersey, showcasing a three-year return on average equity (ROAE) of 15.72%, significantly exceeding the industry average of 8.81%. The ranking demonstrates Unity's financial strength, supported by its commitment to lending during the COVID-19 pandemic, funding 1,947 PPP loans totaling $228 million.
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.09 per share, scheduled for payment on June 25, 2021, to shareholders of record as of June 11, 2021. The company, headquartered in Clinton, NJ, manages approximately $2.0 billion in assets and $1.6 billion in deposits. Its wholly-owned subsidiary, Unity Bank, serves retail and corporate clients across 19 locations in New Jersey and Pennsylvania. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.
Unity Bancorp, Inc. (NASDAQ: UNTY) reported a net income of $8.5 million, or $0.80 per diluted share, for Q1 2021, marking a 58.3% increase from $5.4 million or $0.49 per share in Q1 2020. This growth is attributed to revenues from the SBA Paycheck Protection Program, a better net interest margin, and increased non-interest income. The company anticipates a strong year ahead, bolstered by robust performance in mortgage and SBA lending.
Unity Bancorp, Inc. (NASDAQ: UNTY) has appointed George Boyan as Chief Financial Officer, bringing over 20 years of experience in the financial services sector. Responsible for financial and accounting operations, Boyan previously held senior roles at Bank Leumi USA and has a strong background with Goldman Sachs and MetLife. Unity Bank manages approximately $2 billion in assets and aims to enhance its financial products and customer relationships, aligning with its mission of 'Growing with You'.
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.08 per common share, payable on March 26, 2021, to shareholders of record by March 12, 2021. The company, based in Clinton, New Jersey, manages approximately $2.0 billion in assets and $1.6 billion in deposits through its subsidiary, Unity Bank, which operates 19 retail service centers across New Jersey and Pennsylvania. This announcement highlights Unity's ongoing commitment to returning value to shareholders amidst a robust financial position.
Unity Bancorp, Inc. (NASDAQ: UNTY) announced a new Share Repurchase Program approved by its Board of Directors, allowing repurchase of up to 750,000 shares, representing about 7.5% of its outstanding stock. Repurchases are subject to market conditions and will be conducted in the open market or via private transactions. The timing, volume, and price will be managed at management's discretion. This buyback program aims to enhance shareholder value while prioritizing the company's capital needs and regulatory requirements.
Unity Bancorp, Inc. (NASDAQ: UNTY) reported a net income of $7.3 million, or $0.69 per diluted share, for Q4 2020, marking a 20% increase from Q4 2019's $6.1 million. For the full year, net income stood at $23.6 million, slightly down from $23.7 million in 2019. The earnings growth was primarily driven by revenue from the SBA Paycheck Protection Program, although higher provisions for loan losses due to the COVID-19 pandemic impacted overall earnings. Unity's resilience is underscored by record loan volume in its mortgage division and a strong balance sheet.
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.08 per common share, payable on December 31, 2020, to shareholders of record as of December 17, 2020. With approximately $1.9 billion in assets and $1.5 billion in deposits, Unity Bank serves retail and corporate clients through its 19 retail service centers located in New Jersey and Pennsylvania. The announcement reflects the company's ongoing commitment to returning value to shareholders.
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