Unity Bancorp, Inc. filings document the regulatory record of a New Jersey bank holding company and the parent of Unity Bank. Form 8-K reports cover earnings releases, financial-condition updates, cash dividend declarations, Regulation FD presentations, shareholder-meeting results, officer appointments and deferred compensation plan amendments.
Proxy materials disclose director elections, auditor ratification, executive compensation and equity-award information. The company’s filed exhibits and meeting materials also describe banking performance measures such as net interest income, net interest margin, provision for credit losses, noninterest income, capital position and balance-sheet activity tied to Unity Bank’s retail, corporate and small business banking operations.
Unity Bancorp, Inc. reported third-quarter 2026 net income of $17.377 million, compared with $14.390 million in the year-earlier quarter. Net interest income was $34.291 million versus $29.856 million, and diluted earnings per common share were $1.70 versus $1.41. Total noninterest income was $2.359 million, compared with $2.967 million.
For the nine months ended September 30, 2026, net interest income was $96.848 million, compared with $85.664 million, and net income was $46.137 million versus $42.484 million. At September 30, 2026, total assets were $3,250.497 million, total loans were $2,780.278 million, and deposits were $2,559.498 million. Commercial loans were $1,717.151 million and residential mortgage loans were $672.472 million at that date. Nine-month operating cash flow was $24.679 million, compared with $38.074 million in 2025. The company said its liquidity sources were sufficient as of the balance-sheet date, while unexpected deposit withdrawals could require greater reliance on secondary funding sources and increase funding costs.
Unity Bancorp Inc. director Aaron Tucker exercised 1,500 stock options on October 28, 2026, at an exercise price of $15.70 per share, acquiring 1,500 common shares. After the transaction, he reported 72,418 directly held common shares and 16,800 stock options; the footnote states that all 16,800 options were currently exercisable.
UNITY BANCORP INC director Peter E. Maricondo exercised options on October 20, 2026, for 1,600 common shares at a $15.70 exercise price, then sold 470 shares at a weighted average of $56.2459 per share. The sale was executed in multiple trades at prices ranging from $56.17 to $56.28 per share. No Rule 10b5-1 plan is reported.
The reported position after the sale included 49,943 shares, including 4,000 restricted shares with upcoming vesting dates, and 16,800 stock options, all currently exercisable. Total beneficial ownership was reported as 66,743.
Unity Bancorp (UNTY) reported third-quarter 2026 net income of $17.377 million, up 20.1% from the second quarter, with diluted earnings of $1.70 per share versus $1.42. Net interest income rose 7.7% quarter over quarter to $34.291 million, and net interest margin increased 11 basis points to 4.67%.
As of September 30, 2026, gross loans were $2,780.278 million, up 9.3% from year-end 2025, while deposits were $2,559.498 million, up 10.1%. Third-quarter purchases of $27.6 million in transferable federal investment tax credits and $0.6 million in state tax credits produced $2.6 million of tax savings; the effective tax rate was 13.1%, compared with 22.4% in the prior quarter. Year-to-date noninterest income fell 34.2% to $7.156 million, including net securities losses of $0.973 million versus net gains of $4.026 million in the prior-year nine-month period.
The third-quarter cash dividend was increased 6% to $0.17 per common share. James A. Hughes will retire as CEO effective March 31, 2027, and President George Boyan is to succeed him effective April 1, 2027, while continuing as President of the Company and the Bank.
Unity Bancorp, Inc. announced a planned CEO transition: James A. Hughes intends to retire from his CEO positions at the company and Unity Bank effective March 31, 2027, and the Board will appoint current President George Boyan as CEO of both effective April 1, 2027. The boards unanimously selected Boyan to succeed Hughes. Hughes will remain a director of both the company and the bank, while Boyan will continue as president. Boyan joined Unity in 2021, served as Executive Vice President and Chief Financial Officer from 2022 to 2025, and became president on January 1, 2026.
On September 17, 2026, Unity Bancorp and Hughes amended the Supplemental Executive Retirement Plan, raising its retirement benefit percentage from 60% to 65% of the applicable compensation measure. The amendment will result in a one-time pre-tax expense of $769,000 to be recognized in the quarter ending September 30, 2026. Hughes’s retirement follows more than 26 years with Unity.
UNITY BANCORP INC (UNTY) disclosed that on September 10, 2026 it purchased approximately $27.6 million of transferable federal investment tax credits under Section 6418 of the Internal Revenue Code. The company paid approximately $25.1 million for these credits, or about $0.91 per dollar of tax credit.
The company intends to use the tax credits primarily through a carry-back claim permitted under federal tax laws and currently expects to recognize a one-time reduction in income tax expense, with a corresponding increase in net income of about $2.5 million, during the quarter ending September 30, 2026. The transferred credits remain subject to a five-year recapture period, and Unity Bancorp states it obtained customary contractual protections and other credit support to mitigate potential recapture-related losses.
UNITY BANCORP INC (UNTY) reports that President and director George Boyan sold a total of 7,349 shares of Common Stock in open-market transactions on September 2 and September 3, 2026, at weighted average prices of $59.1064 and $59.1623 per share, respectively, each executed in multiple trades within narrow price ranges. No Rule 10b5-1 trading plan is reported. A separate holding entry shows he directly holds 28,060 Restricted Stock shares, consisting of 26,125 restricted shares with upcoming vesting dates and 1,935 dividend reinvested shares.
UNITY BANCORP, INC. (UNTY) received a Rule 144 notice from shareholder George Boyan covering a proposed sale of 6,504 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of $384,791.60 for these shares and states that Unity Bancorp had 10,042,578 shares outstanding as of September 3, 2026.
The shares to be sold were acquired between January 2, 2025 and April 5, 2025 through dividend reinvestment and restricted stock awards. The notice also reports that Boyan sold 845 shares of Unity Bancorp common stock in the prior three months for $49,944.94.
UNITY BANCORP, INC. (UNTY) announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per common share, a 6% increase in its third quarter dividend. The dividend is payable on September 17, 2026 to shareholders of record as of September 3, 2026. Management states that the increase reflects confidence in the company’s financial condition, earnings capacity, and future prospects, supported by a strong capital base. Unity Bancorp reports approximately $3.2 billion in assets and $2.5 billion in deposits, operating through its Unity Bank subsidiary in New Jersey and Pennsylvania.
UNITY BANCORP INC (UNTY) reports that Chief Financial Officer James R. Davies had 91 restricted shares withheld on August 16, 2026 at $61.82 per share to cover tax liability on the vesting of 250 restricted shares. After this tax-withholding disposition, he directly holds 3,963 restricted shares (including 151 dividend reinvested shares) and 2,116 shares of common stock, for total beneficial ownership of 6,079 shares.