Unity Bancorp ( (UNTY) ) has released its Q3 earnings. Here is a breakdown of the information Unity Bancorp presented to its investors.
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Unity Bancorp, Inc., a financial services organization headquartered in Clinton, New Jersey, operates primarily in the banking sector, providing financial services to retail, corporate, and small business customers through its branch network in New Jersey and Pennsylvania.
Unity Bancorp reported a net income of $14.4 million for the third quarter of 2025, translating to $1.41 per diluted share. This quarter’s performance was marked by a return on average assets of 2.11% and a return on average equity of 17.41%. The company also saw an expansion in its net interest margin to 4.54%.
Key financial highlights include a sequential increase in loans by $85.9 million and deposits by $80.1 million, reflecting the company’s strategic focus on organic balance sheet growth. Additionally, Unity Bancorp converted its debt position in Patriot National Bancorp into common shares, contributing $0.8 million to the net income. Excluding this one-time event, the company earned $13.6 million in net income on a non-GAAP basis.
The company also expanded its branch network with the opening of a new branch in Madison, NJ, and announced a 7% increase in its third-quarter cash dividend. Unity Bancorp’s strong performance is further underscored by its ranking as the 14th top publicly traded bank in the United States, according to Bank Director’s 2025 RankingBanking report.
Looking ahead, Unity Bancorp remains focused on growing loans and deposits at a mid-to-high single-digit rate, positioning itself to achieve its growth targets for the remainder of 2025 and beyond, while navigating the dynamic economic environment influenced by recent Federal Reserve rate cuts.