UNTY News & Events

The major averages closed broadly higher as investors shift from escalation fears to tentative optimism around renewed U.S.-Iran diplomacy. Crude slipped back below the $100 level as signals emerge that both sides are considering another round of negotiations, easing immediate supply fears tied to the Strait of Hormuz. The New York Times has reported that Pakistan is seeking to organize a second round of U.S.-Iran talks this week.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:AmazonGlobalstarfor $90 per share in cash or sharesWells Fargoreported, while big bank rivals Citiand JPMorganboth reported upbeat quarterly earnings and revenueJohnson & Johnsonprovided areport for Q1 and raised its quarterly dividend 3.1%CarMaxreported, noting it plans to open four new stores in FY27Microsoftintends tofor its datacenter in Cheyenne, Wyoming in partnership with Black Hills2. WALL STREET CALLS:Teslato Neutral from Sell at UBSDeutsche BankGeneral Motorsto Buy following pullbackFordto Buy from Neutral at UBSGFL Environmentalto Underweight at JPMorganCraig-HallumFastlyto Hold3. AROUND THE WEB:United AirlinesCEO Scott Kirby has floated the idea of a possible tie-up with American Airlines, Bloomberg reportsDelta Airlineshas removed a pair of key environmental sustainability targets from its web page, deleting its pledge to use sustainable aviation fuel for 10% of its jet fuel by 2030 and rephrased its quest to achieve net-zero emissions by 2050 as an "aspiration," not a goal, Bloomberg reportsAnthropic hired Ballard Partners, a lobbying firm with strong ties to the Trump administration days after the DOD designated the startup a supply chain risk, Bloomberg saysNetflix'shostility to cinematic releases has long since damaged its relationships with theater owners, but co-CEO Ted Sarandos is trying to recover them, NY Times saysU.S. President Donald Trump is pitching the idea of a U.S. naval blockade of the Strait of Hormuz as an opportunity for American oil-and-gas exporters, but the squeeze on supplies will likely poorly impact gas prices at the pump, WSJ says4. MOVERS:Avanoswas higher after announcing itby American Industrial Partners for $25.00 per shareTravere Therapeuticsincreased after announcingBloom Energygained afterwith OracleLucidwas lower after, providing guidance for Q1, and announcing $300M stock offeringAdobe, Figma, and GoDaddyall fell after The Informationthat Anthropic is working on an AI design tool5. EARNINGS/GUIDANCE:Rent The Runwayand provided guidance for Q1 and FY26Albertsons, with EPS beating consensusUnity Bancorp, with CEO James Hughes commenting, "We are pleased to report another strong quarter for Unity Bancorp, highlighted by solid profitability"BlackRock, with EPS and revenue beating consensusBlaizeprovidedand backed its guidance for FY26INDEXES:The Dow rose 317.74, or 0.66%, to 48,535.99, the Nasdaq gained 455.35, or 1.96%, to 23,639.08, and the S&P 500 advanced 81.14, or 1.18%, to 6,967.38.

The major averages were broadly higher near noon following a session yesterday in which investors mostly shrugged off the failed peace talks between the U.S. and Iran. Markets are stabilizing and leaning cautiously higher as investors shift from escalation fears to tentative optimism around renewed U.S.-Iran diplomacy. Crude has slipped back below the $100 level as signals emerge that both sides are considering another round of negotiations, easing immediate supply fears tied to the Strait of Hormuz.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:AmazonGlobalstarfor $90 per share in cash or sharesWells Fargoreported, while big bank rivals Citiand JPMorganboth reported upbeat quarterly earnings and revenueJohnson & Johnsonprovided areport for Q1 and raised its quarterly dividend 3.1%CarMaxreported, noting it plans to open four new stores in FY27United AirlinesCEO Scott Kirby has floated the idea of a possible tie-up witht American Airlines,2. WALL STREET CALLS:Teslato Neutral from Sell at UBSDeutsche BankGeneral Motorsto Buy following pullbackFordto Buy from Neutral at UBSGFL Environmentalto Underweight at JPMorganCraig-HallumFastlyto Hold3. AROUND THE WEB:Delta Airlineshas removed a pair of key environmental sustainability targets from its web page, deleting its pledge to use sustainable aviation fuel for 10% of its jet fuel by 2030 and rephrased its quest to achieve net-zero emissions by 2050 as an "aspiration," not a goal, Bloomberg reportsAnthropic hired Ballard Partners, a lobbying firm with strong ties to the Trump administration days after the DOD designated the startup a supply chain risk, Bloomberg saysMicrosoftis exploring the potential of technologies like OpenClaw in an enterprise context, including a team of always-on agents within Microsoft 365, The Information saysNetflix'shostility to cinematic releases has long since damaged its relationships with theater owners, but co-CEO Ted Sarandos is trying to recover them, NY Times saysU.S. President Donald Trump is pitching the idea of a U.S. naval blockade of the Strait of Hormuz as an opportunity for American oil-and-gas exporters, but the squeeze on supplies will likely poorly impact gas prices at the pump, WSJ says4. MOVERS:Avanoshigher after announcing itby American Industrial Partners for $25.00 per shareTravere Therapeuticsincreases after announcing fullBloom Energygains after announcing anLucidlower after naming Silvio Napoli as the, providing guidance for Q1, and announcing $300M stock offeringDow Inc.falls after naming Karen5. EARNINGS/GUIDANCE:Rent The Runwayand provided guidance for Q1 and FY26Albertsons, with EPS beating consensusUnity Bancorp, with CEO James Hughes commenting, "We are pleased to report another strong quarter for Unity Bancorp, highlighted by solid profitability"BlackRock, with EPS and revenue beating consensusBlaizeand backed its guidance for FY26INDEXES:Near midday, the Dow was up 0.64%, or 307.40, to 48,525.65, the Nasdaq was up 1.66%, or 385.56, to 23,569.30, and the S&P 500 was up 1.02%, or 70.35, to 6,956.59.

James A. Hughes, CEO, commented on the financial results: "We are pleased to report another strong quarter for Unity Bancorp, highlighted by solid profitability and continued execution of our organic growth strategy. For the quarter, we delivered net income of $14.3M, or $1.40 per diluted share, producing a 2.04% return on average assets and a 16.38% return on average equity. These results represent a $2.7M, or 23.2%, increase in net income compared to the same period last year, and reflect the underlying strength of our balance sheet and core earnings power. We entered 2026 with positive momentum, and during the first quarter we achieved balanced, organic growth on both sides of the balance sheet. As compared to year-end 2025, gross loans increased $56.9M, or 2.2%, while total customer deposits, excluding brokered deposits, grew $58.7M, or 2.9%, underscoring the continued success of our relationship-based banking model. As we move forward, we remain focused on growing loans and deposits in tandem, deepening customer relationships and supporting economic activity in the communities we serve."

Unity Bancorp announced that its board of directors has declared a cash dividend of 16c per common share. Such dividend is payable on March 20 to shareholders of record as of March 6.