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Unity Bancorp, Inc.

Unity Bancorp, Inc.

NASDAQ•UNTY
CEO: Mr. David D. Dallas
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1997-01-14
Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides range of commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. It offers personal and business checking accounts, time deposits, money market accounts, savings accounts, and retirement accounts, as well as noninterest and interest-bearing demand deposits. The company also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. In addition, it offers credit and debit cards, wire transfer, safe deposit box, automated teller, and internet and mobile banking services; and automated clearing house origination and remote deposit capture services. Unity Bancorp, Inc. was incorporated in 1991 and is headquartered in Clinton, New Jersey.
Contact Information
64 Old Highway 22, Clinton, NJ, 08809, United States
800-618-2265
www.unitybank.com
Market Cap
$542.23M
P/E (TTM)
9.3
15.1
Dividend Yield
1.1%
52W High
$57.24
52W Low
$36.65
52W Range
84%
Rank33Top 25.7%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$17.49M-58.36%
4-Quarter Trend

EPS

$1.55+34.78%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Net Income Net income $14.4M (up 32.1%) for the quarter; diluted EPS $1.41 versus $1.07 prior year.
Net Interest Margin Expansion NIM improved 38 basis points to 4.54% driven by higher loan yields and lower deposit costs.
Loan Portfolio Growth Total gross loans grew 9.2% ($207.9M) over year-end 2024, primarily in commercial and residential mortgages.
Solid Capital Ratios Bank CET1 ratio remains strong at 14.40% (Sep 30, 2025), exceeding regulatory minimums comfortably.

Risk Factors

Nonaccrual Loans Increased Nonaccrual loans rose to $20.5M from $13.1M year-end, driven by increases across most loan segments.
Credit Loss Provision Rises Provision for loan losses increased to $1.4M for the quarter, primarily due to general reserve calculation for loan growth.
Interest Rate Sensitivity Exposure EVE sensitivity shows potential downside risk under adverse rate shifts, though NII remains positive in most scenarios.
Liquidity Reliance Concerns Potential reliance on secondary funding sources could increase overall cost of funding if deposit outflows occur.

Outlook

Continued NIM Focus Management actively manages interest rate risk via swaps to limit variability in interest payments on variable rate debt.
Loan Quality Monitoring Credit risk management emphasizes ongoing internal reviews and monitoring concentrations, especially in the geographically concentrated NJ portfolio.
Deposit Retention Strategy Focus remains on building comprehensive customer relationships to attract and retain deposits against competitive pricing.
Regulatory Adaptation Company adopted ASU 2023-09 regarding income tax disclosures with no material impact noted on financials.

Peer Comparison

Revenue (TTM)

Midland States Bancorp, Inc.MSBI
$483.78M
+0.6%
Peapack-Gladstone Financial CorporationPGC
$430.74M
+9.9%
Shore Bancshares, Inc.SHBI
$339.15M
+6.0%

Gross Margin (Latest Quarter)

Northrim BanCorp, Inc.NRIM
80.4%
+4.9pp
Capital Bancorp, Inc.CBNK
76.3%
+6.7pp
Peoples Financial Services Corp.PFIS
67.5%
+26.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NRIM$639.30M10.121.9%0.9%
SHBI$610.37M10.710.2%2.2%
BHB$547.72M14.77.5%4.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-25.9%
Growth Under Pressure
4Q Net Income CAGR
10.1%
Profitability Improving
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 21, 2026
|
EPS:$1.35
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $63.05M+49.7%
    |
    EPS: $1.43+31.2%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $50.19M+26.5%
    |
    EPS: $1.64+74.5%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $42.90M+8.2%
    |
    EPS: $1.15+21.1%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 7, 2025|
    Revenue: $163.07M+8.2%
    |
    EPS: $4.13+6.2%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $42.13M+8.5%
    |
    EPS: $1.09+11.2%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $39.67M+6.1%
    |
    EPS: $0.94-2.1%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $39.66M+14.6%
    |
    EPS: $0.95-3.1%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $150.72M+39.2%
    |
    EPS: $3.89+6.3%
    Beat