Unity Bancorp Reports Quarterly Earnings of $16.5 Million
Unity Bancorp (NASDAQ: UNTY) reported strong Q2 2025 financial results with net income of $16.5 million, or $1.61 per diluted share, compared to $11.6 million in Q1 2025. The quarter's performance was boosted by one-time gains of $3.5 million from securities sales and a $2.0 million release for credit losses related to Patriot National Bancorp securities.
Key metrics include a ROA of 2.51% and ROE of 21.15%. The bank's net interest margin expanded to 4.49%, with loan balances growing by $37.5 million (1.6%) quarter-over-quarter. Total deposits increased by $12.0 million (0.6%) from Q1 2025. Excluding one-time events, non-GAAP earnings were $12.2 million ($1.20 per share).
The company announced expansion with a second Morris County, NJ location and maintains a positive outlook amid anticipated rate cuts and strong loan demand in its market.
Unity Bancorp (NASDAQ: UNTY) ha registrato solidi risultati finanziari nel secondo trimestre 2025 con un utile netto di 16,5 milioni di dollari, pari a 1,61 dollari per azione diluita, rispetto agli 11,6 milioni del primo trimestre 2025. La performance del trimestre è stata sostenuta da guadagni straordinari di 3,5 milioni di dollari derivanti dalla vendita di titoli e da un rilascio di 2,0 milioni di dollari per perdite su crediti legato ai titoli di Patriot National Bancorp.
I principali indicatori includono un ROA del 2,51% e un ROE del 21,15%. Il margine di interesse netto della banca è cresciuto fino al 4,49%, con un aumento dei prestiti di 37,5 milioni di dollari (1,6%) trimestre su trimestre. I depositi totali sono aumentati di 12,0 milioni di dollari (0,6%) rispetto al primo trimestre 2025. Escludendo gli eventi straordinari, gli utili non-GAAP sono stati di 12,2 milioni di dollari (1,20 dollari per azione).
L’azienda ha annunciato l’espansione con una seconda sede nella contea di Morris, NJ, e mantiene una prospettiva positiva in vista dei previsti tagli dei tassi e della forte domanda di prestiti nel suo mercato.
Unity Bancorp (NASDAQ: UNTY) reportó sólidos resultados financieros en el segundo trimestre de 2025 con un ingreso neto de 16,5 millones de dólares, o 1,61 dólares por acción diluida, en comparación con 11,6 millones en el primer trimestre de 2025. El desempeño del trimestre se vio impulsado por ganancias únicas de 3,5 millones de dólares provenientes de la venta de valores y una liberación de 2,0 millones de dólares por pérdidas crediticias relacionadas con valores de Patriot National Bancorp.
Los indicadores clave incluyen un ROA del 2,51% y ROE del 21,15%. El margen de interés neto del banco se amplió a 4,49%, con un crecimiento en los saldos de préstamos de 37,5 millones de dólares (1,6%) trimestre a trimestre. Los depósitos totales aumentaron en 12,0 millones de dólares (0,6%) desde el primer trimestre de 2025. Excluyendo eventos únicos, las ganancias non-GAAP fueron de 12,2 millones de dólares (1,20 dólares por acción).
La compañía anunció su expansión con una segunda sucursal en el condado de Morris, NJ, y mantiene una perspectiva positiva ante los anticipados recortes de tasas y la fuerte demanda de préstamos en su mercado.
Unity Bancorp (NASDAQ: UNTY)는 2025년 2분기에 순이익 1,650만 달러, 희석 주당순이익 1.61달러를 기록하며 강력한 실적을 발표했습니다. 이는 2025년 1분기의 1,160만 달러와 비교한 수치입니다. 이번 분기 실적은 증권 매각에서 발생한 일회성 이익 350만 달러와 Patriot National Bancorp 증권과 관련된 신용손실 충당금 200만 달러 환입에 힘입은 바 큽니다.
주요 지표로는 총자산이익률(ROA) 2.51%, 자기자본이익률(ROE) 21.15%가 포함됩니다. 은행의 순이자마진은 4.49%로 확대되었으며, 대출 잔액은 전분기 대비 3,750만 달러(1.6%) 증가했습니다. 총 예금은 2025년 1분기 대비 1,200만 달러(0.6%) 증가했습니다. 일회성 항목을 제외한 비-GAAP 수익은 1,220만 달러(주당 1.20달러)였습니다.
회사는 뉴저지주 모리스 카운티에 두 번째 지점을 확장할 계획을 발표했으며, 예상되는 금리 인하와 강한 대출 수요 속에서 긍정적인 전망을 유지하고 있습니다.
Unity Bancorp (NASDAQ : UNTY) a annoncé de solides résultats financiers pour le deuxième trimestre 2025 avec un revenu net de 16,5 millions de dollars, soit 1,61 dollar par action diluée, contre 11,6 millions au premier trimestre 2025. La performance du trimestre a été soutenue par des gains exceptionnels de 3,5 millions de dollars provenant de la vente de titres et une libération de 2,0 millions de dollars pour pertes sur crédit liée aux titres de Patriot National Bancorp.
Les indicateurs clés comprennent un ROA de 2,51 % et un ROE de 21,15 %. La marge d’intérêt nette de la banque s’est étendue à 4,49 %, avec une croissance des prêts de 37,5 millions de dollars (1,6 %) d’un trimestre à l’autre. Les dépôts totaux ont augmenté de 12,0 millions de dollars (0,6 %) par rapport au premier trimestre 2025. Hors événements exceptionnels, les bénéfices non-GAAP s’élevaient à 12,2 millions de dollars (1,20 dollar par action).
La société a annoncé son expansion avec une deuxième agence dans le comté de Morris, NJ, et maintient une perspective positive face aux baisses de taux anticipées et à une forte demande de prêts sur son marché.
Unity Bancorp (NASDAQ: UNTY) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 16,5 Millionen US-Dollar bzw. 1,61 US-Dollar pro verwässerter Aktie, verglichen mit 11,6 Millionen US-Dollar im ersten Quartal 2025. Die Quartalsleistung wurde durch einmalige Gewinne von 3,5 Millionen US-Dollar aus Wertpapierverkäufen und eine Freisetzung von 2,0 Millionen US-Dollar für Kreditverluste im Zusammenhang mit Patriot National Bancorp-Wertpapieren gestützt.
Wichtige Kennzahlen umfassen eine ROA von 2,51% und eine ROE von 21,15%. Die Nettozinsmarge der Bank stieg auf 4,49%, wobei die Kreditbestände quartalsübergreifend um 37,5 Millionen US-Dollar (1,6%) zunahmen. Die Gesamteinlagen stiegen im Vergleich zum ersten Quartal 2025 um 12,0 Millionen US-Dollar (0,6%). Ohne Einmaleffekte betrugen die Non-GAAP-Gewinne 12,2 Millionen US-Dollar (1,20 US-Dollar pro Aktie).
Das Unternehmen kündigte eine Expansion mit einer zweiten Niederlassung im Morris County, NJ, an und behält angesichts erwarteter Zinssenkungen und starker Kreditnachfrage in seinem Markt eine positive Aussichten bei.
- Net income increased 42% to $16.5 million vs $11.6 million in Q1 2025
- One-time gains of $5.5 million from securities sale and credit loss release
- Strong ROA of 2.51% and ROE of 21.15%
- Loan growth of $37.5 million (1.6%) quarter-over-quarter
- Deposit growth of $12.0 million (0.6%) from previous quarter
- Net interest margin expansion to 4.49%
- Improved credit quality with nonaccrual assets declining 11 basis points to 0.54%
- Core earnings (excluding one-time gains) were lower at $12.2 million
- Deposit growth (0.6%) lagged behind loan growth (1.6%)
Insights
Unity Bancorp reports strong Q2 earnings with significant YoY growth, boosted by one-time gains from Patriot National securities transactions.
Unity Bancorp delivered exceptional Q2 2025 results with net income reaching
Even excluding these one-time events, Unity's core performance remains solid with non-GAAP earnings of
Unity's net interest margin expanded by 3 basis points to
Asset quality remains robust with nonaccrual assets as a percentage of total assets declining 11 basis points to
The bank's expansion continues with a new location announced in Morris County, NJ, furthering its strategic growth initiatives. Management's commentary suggests optimism about potential economic tailwinds from anticipated rate cuts, which could further strengthen Unity's performance through the remainder of 2025.
CLINTON, N.J., July 15, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of
James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another record-breaking quarter for Unity Bancorp, Inc., with net income of
This quarter’s results were positively impacted by one-time realized gains and provision release related to the previously disclosed non-performing
Excluding this one-time event, on a non-GAAP basis, we earned
Both Commercial and Residential lending teams continue to demonstrate exceptional origination capabilities. Loan balances grew by
We are very optimistic about Unity Bank’s future. Loan demand continues to be strong due to robust economic growth in our footprint. Recent inflation data indicates that prices have stabilized after several years of price increases, and as a result, the market is anticipating additional rate cuts this year. If those rate cuts occur, we might expect to see even stronger economic growth through the remainder of the year.”
For the full version of the Company’s quarterly earnings release, including financial tables, please visit News - Unity Bank (q4ir.com).
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.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
News Media & Financial Analyst Contact:
George Boyan, EVP and CFO
(908) 713-4565
PDF available: http://ml.globenewswire.com/Resource/Download/462b1bd2-92e4-4cb7-a63a-3ebc786bc2ce
FAQ
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