Unity Bancorp Announces 7% Increase in Third Quarter Dividend
Rhea-AI Summary
Unity Bancorp (NASDAQ: UNTY) has announced a 7% increase in its quarterly cash dividend to $0.15 per common share, payable on September 19, 2025, to shareholders of record as of September 5, 2025.
The company, headquartered in Clinton, New Jersey, operates with approximately $2.9 billion in assets and $2.2 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 the dividend increase reflects confidence in the company's earnings strength and growth trajectory.
Positive
- Quarterly dividend increased by 7% to $0.15 per share
- Strong asset base of $2.9 billion and $2.2 billion in deposits
- Expanded branch network across multiple counties in NJ and PA
Negative
- None.
News Market Reaction
On the day this news was published, UNTY gained 7.48%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CLINTON, N.J., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of
“The increase in our quarterly dividend reflects our continued confidence on Unity Bancorp’s earnings strength and long-term growth trajectory. We remain committed to delivering consistent shareholder returns while maintaining a disciplined and conservative approach to capital management.” – James A. Hughes, President & CEO of Unity Bancorp, Inc.
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately
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:
George Boyan
EVP and Chief Financial Officer
(908) 713-4565
FAQ
What is Unity Bancorp's new dividend amount and when is it payable?
How much did Unity Bancorp (UNTY) increase its dividend in Q3 2025?
What are Unity Bancorp's current assets and deposits?
Where does Unity Bank operate its branches?
