Unity Bancorp (NASDAQ: UNTY) boosts quarterly dividend by 7%
Rhea-AI Filing Summary
Unity Bancorp, Inc. announced that its Board of Directors has declared a higher quarterly cash dividend of $0.16 per common share, a 7% increase. The dividend will be paid on March 20, 2026 to shareholders of record as of March 6, 2026.
Management links the higher dividend to strong financial performance, disciplined balance sheet management and a focus on maintaining solid capital levels while supporting sustainable growth. Unity Bancorp is a financial services organization headquartered in Clinton, New Jersey with approximately $3.0 billion in assets and $2.3 billion in deposits.
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8-K Event Classification
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Item 8.01 Other Events
The Registrant issued a press release on February 26, 2026, announcing the declaration of a cash dividend of $0.16 per common share payable on March 20, 2026, to shareholders of record as of March 6, 2026. The full text of the press release is filed as Exhibit 99.1 with this current report on Form 8-K and is hereby incorporated by reference in response to this item.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 | Press release issued by the Registrant on February 26, 2026 |
Exhibit 104 | 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITY BANCORP, INC. | ||
(Registrant) | ||
Date: February 26, 2026 | ||
By: | /s/ James Davies | |
James Davies | ||
FSVP and Chief Financial Officer | ||
Exhibit 99.1
Unity Bancorp, Inc.
64 Old Highway 22
Clinton, NJ 08809
800 618-BANK
www.unitybank.com
News
For Immediate Release:
February 26, 2026
News Media & Financial Analyst Contact:
James Davies
FSVP and Chief Financial Officer
(908) 713-4330
Unity Bancorp Announces 7% Increase in First Quarter Dividend
Clinton, NJ – 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.