Unity Bancorp (UNTY) lifts Q3 dividend 6%, payout set for September
Rhea-AI Filing Summary
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.
Positive
- 6% dividend increase to $0.17 per share for the third quarter signals Board confidence in Unity Bancorp’s financial condition, earnings capacity, and future prospects.
- The company reports a sizable balance sheet with $3.2 billion in assets and $2.5 billion in deposits, supporting its ability to fund operations and shareholder returns.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
record date financial
cash dividend financial
forward-looking statements regulatory
nonperforming assets financial
risk factors regulatory
FAQ
What dividend did UNITY BANCORP INC (UNTY) declare for the third quarter of 2026?
When is the record date and payment date for UNTY’s $0.17 dividend?
How much did Unity Bancorp increase its third quarter dividend by?
What are Unity Bancorp’s asset and deposit levels mentioned in the 8-K?
What rationale did UNTY’s management give for the dividend increase?
Where does Unity Bancorp conduct its banking operations?
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation)
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of Principal Executive Office)
(
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a‑12) |
|
Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b)) |
|
Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
The Registrant issued a press release on August 20, 2026, announcing the declaration of a cash dividend of $0.17 per common share payable on September 17, 2026, to shareholders of record as of September 3, 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 August 20, 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: August 20, 2026 |
|
|
|
By: |
/s/ James Davies |
|
|
James Davies |
|
|
First Senior Vice President & 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:
August 20, 2026
News Media & Financial Analyst Contact:
James Davies
FSVP and Chief Financial Officer
(908) 713-4330
Unity Bancorp Announces 6% Increase in Third 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 $0.17 per common share. Such dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026.
“Our Board's decision to increase the quarterly dividend reflects confidence in Unity Bancorp's financial condition, earnings capacity, and future prospects. Supported by a strong capital foundation, we are pleased to enhance shareholder returns while continuing to pursue sustainable growth and create long-term value.” – James A. Hughes, CEO of Unity Bancorp, Inc.
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $3.2 billion in assets and $2.5 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.