Company research
UNITY BANCORP INC /NJ/
CIK 920427Updated Sep 26, 2026
SecurityUNTY · NASDAQ · equity
Name history
UNITY BANCORP INC /DE/ · through May 16, 2005
UNTY price & chart
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NASDAQ:UNTY on TradingView ↗About the company
Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 22 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.
In the news
Unity Bancorp, Inc. Mourns the Passing of Director Robert ("Bobby") H. Dallas II ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01
Other Events
Items 8.01, 9.01
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,966,652,000Source | 2,654,017,000Source | 2,578,507,000Source | 2,444,948,000Source |
| Property, Plant and Equipment, NetUSD | 18,022,000Source | 18,778,000Source | 19,567,000Source | 20,002,000Source |
| GoodwillUSD | 1,516,000Source | 1,516,000Source | 1,500,000Source | 1,500,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,700,000Source | 4,600,000Source | 5,200,000Source | 5,600,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,621,021,000Source | 2,358,434,000Source | 2,317,077,000Source | 2,205,721,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 243,935,000Source | 227,331,000Source | 191,108,000Source | 156,958,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,095,000Source | -2,107,000Source | -2,737,000Source | -3,260,000Source |
| Stockholders' Equity Attributable to ParentUSD | 345,631,000Source | 295,583,000Source | 261,430,000Source | 239,227,000Source |
| Liabilities and EquityUSD | 2,966,652,000Source | 2,654,017,000Source | 2,578,507,000Source | 2,444,948,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | -1,200,000Source | -2,700,000Source | -3,400,000Source | -4,400,000Source |
| Long-term DebtUSD | — | 230,814,000Source | 366,748,000Source | 393,310,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 57,951,000Source | 41,450,000Source | 39,707,000Source | 38,457,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,092,000Source | 1,823,000Source | 1,751,000Source | 1,681,000Source |
| Deferred Income Tax Expense (Benefit)USD | -840,000Source | -1,747,000Source | -87,000Source | -1,205,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 44,906,000Source | 47,987,000Source | 46,909,000Source | 42,669,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -256,836,000Source | -92,813,000Source | -57,847,000Source | -541,283,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 564,000Source | 693,000Source | 955,000Source | 1,482,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 5,039,000Source | 6,210,000Source | 15,692,000Source | 42,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 248,011,000Source | 30,488,000Source | 90,921,000Source | 368,589,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 5,609,000Source | 5,021,000Source | 4,721,000Source | 4,373,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 36,081,000Source | -14,338,000Source | 79,983,000Source | -130,025,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 216,519,000Source | 180,438,000Source | 194,776,000Source | 114,793,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 56,159,000Source | 57,349,000Source | 47,264,000Source | 10,069,000Source |
| Income Taxes Paid, NetUSD | 14,033,000Source | — | — | — |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 774,000Source | 544,000Source | 852,000Source | 636,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 5,596,000Source | 586,000Source | 7,000Source | -1,313,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | 94,000Source | 345,000Source | — |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | — | 1,541,000Source | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | -11,000Source | 0Source | — | — |
| DepreciationUSD | 1,400,000Source | 1,500,000Source | 1,400,000Source | 1,400,000Source |
| Equipment ExpenseUSD | 3,224,000Source | 3,140,000Source | 2,780,000Source | 2,493,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 5,607,000Source | 586,000Source | 7,000Source | -1,313,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 3,523,000Source | 94,000Source | 345,000Source | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 2,084,000Source | 492,000Source | -338,000Source | -1,313,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | 1,527,000Source | 1,488,000Source | 1,546,000Source | 1,399,000Source |
| GoodwillUSD | 1,516,000Source | 1,516,000Source | 1,500,000Source | 1,500,000Source |
| Income Tax Expense (Benefit)USD | 17,561,000Source | 12,940,000Source | 13,288,000Source | 12,964,000Source |
| Net Income (Loss) Attributable to ParentUSD | 57,951,000Source | 41,450,000Source | 39,707,000Source | 38,457,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 57,951,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 39,438,000Source | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 37,199,000Source | 7,824,000Source | 4,286,000Source | 4,514,000Source |
| Proceeds from Stock Options ExercisedUSD | 512,059Source | 1,936,351Source | 1,669,237Source | 1,698,357Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 6,699,000Source | 2,407,000Source | 1,832,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 75,512,000Source | 54,390,000Source | 52,995,000Source | 51,421,000Source |
| Income Tax Expense (Benefit)USD | 17,561,000Source | 12,940,000Source | 13,288,000Source | 12,964,000Source |
| Net Income (Loss) Attributable to ParentUSD | 57,951,000Source | 41,450,000Source | 39,707,000Source | 38,457,000Source |
| Earnings Per Share, BasicUSD per share | 5.78Source | 4.13Source | 3.89Source | 3.66Source |
| Earnings Per Share, DilutedUSD per share | 5.67Source | 4.06Source | 3.84Source | 3.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 10,033,000Source | 10,031,000Source | 10,207,000Source | 10,508,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 10,223,000Source | 10,202,000Source | 10,338,000Source | 10,705,000Source |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 774,000Source | 544,000Source | 852,000Source | 636,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 5,596,000Source | 586,000Source | 7,000Source | -1,313,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | 94,000Source | 345,000Source | — |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestAllowanceForCreditLossNotPreviouslyRecordedUSD | — | 1,541,000Source | — | — |
| Equipment ExpenseUSD | 3,224,000Source | 3,140,000Source | 2,780,000Source | 2,493,000Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | 3,523,000Source | 94,000Source | 345,000Source | — |
| Interest ExpenseUSD | — | — | 48,497,000Source | 10,631,000Source |
| InterestExpenseOperatingUSD | 56,595,000Source | 57,127,000Source | — | — |
| Interest Income (Expense), NetUSD | 117,033,000Source | 98,611,000Source | 94,997,000Source | 90,108,000Source |
| Labor and Related ExpenseUSD | 32,186,000Source | 29,749,000Source | 29,051,000Source | 26,949,000Source |
| Marketing and Advertising ExpenseUSD | 1,682,000Source | 1,611,000Source | 1,436,000Source | 1,212,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 57,951,000Source | — | — | — |
Filing attachments
unty-ex99_1.htm · 8-K · 2026-09-23
Exhibit 99.1 Unity Bancorp, Inc. 64 Old Highway 22 Clinton, NJ 08809 800 618-BANK www.unitybank.com News For Immediate Release: September 23, 2026 News Media & Financial Analyst Contact: James Davies FSVP and Chief Financial Officer (908) 713-4330 UNITY BANCORP, INC. AND UNITY BANK ANNOUNCE RETIREMENT OF CEO JAMES A. HUGHES AND PLANNED LEADERSHIP SUCCESSION. George Boyan to Become Chief Executive Officer on April 1, 2027; Hughes to Continue Serving on Company and Bank Board CLINTON…
Read attachment ↗unty-ex99_1.htm · 8-K · 2026-08-20
EX-99.1 2 unty-ex99_1.htm EX-99.1 EX-99.1 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…
Read attachment ↗unty-ex99_1.htm · 8-K · 2026-08-07
EX-99.1 2 unty-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Unity Bancorp, Inc. 64 Old Highway 22 Clinton, NJ 08809 800 618-BANK www.unitybank.com News For Immediate Release: August 7, 2026 News Media & Financial Analyst Contact: James Davies FSVP and Chief Financial Officer (908) 713-4330 Unity Bancorp, Inc. Mourns the Passing of Director Robert ("Bobby") H. Dallas II CLINTON, N.J., August 7, 2026 - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, today announced …
Read attachment ↗unty-ex99_1.htm · 8-K · 2026-07-14
EX-99.1 2 unty-ex99_1.htm EX-99.1 EX-99.1 Dil. EPS $1.42 $0.02 Q/Q ROE 15.86% 52 bps Q/Q NIM 4.56% 3 bps Q/Q ROA 2.01% 3 bps Q/Q Exhibit 99.1 For Immediate Release News Media & Financial Analyst Contact: Unity Bancorp, Inc. (NASDAQ: UNTY) James Davies, FSVP & CFO July 14, 2026 (908) 713-4330 Unity Bancorp Reports Quarterly Earnings of $14.5 Million James A. Hughes, CEO, commented on the financial results: “We are pleased to …
Read attachment ↗unty-20260521xex99d1.htm · 8-K · 2026-05-21
EX-99.1 2 unty-20260521xex99d1.htm EX-99.1 Exhibit 99.1 Unity Bancorp, Inc. 64 Old Highway 22 Clinton, NJ 08809 800 618-BANK www.unitybank.com News For Immediate Release: May 21, 2026 News Media & Financial Analyst Contact: James Davies FSVP and Chief Financial Officer (908) 713-4330 Unity Bancorp Announces Second 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…
Read attachment ↗unty-20260422xex99d1.htm · 8-K · 2026-04-22
EX-99.1 2 unty-20260422xex99d1.htm EX-99.1 Exhibit 99.1 2026 Shareholders’ Meeting April 23, 2026 ────────────────────────────── 1 2025 vs. 2024 Results Net income Net income (in thousands) $ 57,951 $ 41,450 Net income per common share - Diluted 5.67 4.06 Operating Ratios Return on average assets 2.17 % 1.68 % Return on average equity 18.07 14.99 Net interest margin 4.52 4.16 Noninterest expense / average assets 1.96 1.98 Efficiency Ratio * 41.48 % 45.77 % FY 2…
Read attachment ↗