Unity Bancorp Announces Second Quarter Dividend

Rhea-AI Summary

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.

Positive

• Consistent dividend payment indicating financial stability
• Strong asset base of $2.8 billion
• Healthy deposit base of $2.2 billion
• Extensive branch network across multiple counties in NJ and PA

Negative

• None.

CLINTON, N.J., May 22, 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 $0.14 per common share. Such dividend is payable on June 20, 2025, to shareholders of record as of June 6, 2025.

Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.8 billion in assets and $2.2 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:
George Boyan
EVP and Chief Financial Officer
(908) 713-4565

FAQ

What is Unity Bancorp's (UNTY) dividend amount for Q2 2025?

Unity Bancorp declared a cash dividend of $0.14 per common share for Q2 2025.

When is Unity Bancorp's (UNTY) Q2 2025 dividend payable?

The dividend is payable on June 20, 2025, to shareholders of record as of June 6, 2025.

What is Unity Bancorp's (UNTY) current asset size?

Unity Bancorp has approximately $2.8 billion in assets and $2.2 billion in deposits.

Where does Unity Bank operate its branches?

Unity Bank operates branches in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania.