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News  ›  GlobeNewswire Inc.

Unity Bancorp Reports Quarterly Earnings of $15.5 Million and Full Year Earnings of $58.0 Million

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Unity Bancorp Reports Quarterly Earnings of $15.5 Million and Full Year Earnings of $58.0 Million

Unity Bancorp, Inc. (NASDAQ: UNTY) reported record full-year 2025 net income of $58.0 million ($5.67 per diluted share), a 39.8% increase from 2024. Q4 2025 net income reached $15.5 million ($1.52 per diluted share). The bank achieved strong organic growth with gross loans increasing 12.6% and deposits growing 10.7%. However, a $15.5 million owner-occupied commercial mortgage relationship entered nonaccrual status due to tariff impacts on the borrower's business, resulting in a $1.6 million pre-tax income impact.

Insights
UNTY   positive

Record annual net income with 39.8% year-over-year growth, strong organic expansion in loans (12.6%) and deposits (10.7%), healthy lending pipelines, and solid profitability metrics (2.17% ROA, 18.07% ROE). While a single $15.5 million credit entered nonaccrual status, management indicated it is well-secured with minimal expected loss, and the overall financial performance remains robust.