Unity Bancorp Announces 7% Increase in First Quarter Dividend

Rhea-AI Summary

Unity Bancorp (NASDAQ: UNTY) announced a 7% increase in its quarterly cash dividend to $0.16 per common share, payable March 20, 2026, to shareholders of record as of March 6, 2026. The board cited strong financial performance and disciplined balance sheet management.

The company reports approximately $3.0 billion in assets and $2.3 billion in deposits, and noted forward-looking risks that could affect future results.

Positive

• Quarterly dividend increased 7% to $0.16 per share
• Company reports approximately $3.0 billion in assets

Negative

• Forward-looking risks noted that could affect future dividend sustainability

News Market Reaction – UNTY

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-0.30% News Effect

On the day this news was published, UNTY declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLINTON, N.J., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.16 per common share. Such dividend is payable on March 20, 2026, to shareholders of record as of March 6, 2026.

“The increase in our quarterly cash dividend reflects the strength of Unity Bancorp’s financial performance, disciplined balance sheet management, and our continued commitment to delivering consistent value to our shareholders. We remain focused on maintaining a strong capital position while supporting sustainable growth and serving the communities in which we operate.” – James A. Hughes, CEO of Unity Bancorp, Inc.

Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $3.0 billion in assets and $2.3 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.

This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.

News Media & Financial Analyst Contact:
James Davies
FSVP and Chief Financial Officer
(908) 713-4330

FAQ

What dividend did Unity Bancorp (UNTY) declare on February 26, 2026?

Unity Bancorp declared a $0.16 per share quarterly cash dividend, a 7% increase. According to the company this dividend is payable March 20, 2026, to shareholders of record on March 6, 2026.

When is the UNTY dividend payable and what is the record date for March 2026?

The UNTY dividend is payable on March 20, 2026 and the record date is March 6, 2026. According to the company shareholders on the record date will receive the declared cash payment on the payable date.

How much of an increase is Unity Bancorp's new dividend and what does it signal for shareholders?

The dividend was increased by 7% to $0.16 per common share, signaling confidence in results. According to the company management cited strong financial performance and disciplined balance sheet management as reasons.

How large is Unity Bancorp's balance sheet as reported with the dividend announcement?

Unity Bancorp reported approximately $3.0 billion in assets and $2.3 billion in deposits. According to the company these figures provide context for the board's decision to raise the quarterly dividend.

Could Unity Bancorp (UNTY) change dividends after the March 2026 payment?

Yes, dividends could change if conditions shift; the company warned of forward-looking risks. According to the company factors like economic conditions, interest rates, and credit performance could affect future dividend decisions.