Unity Bancorp Reports $58M Net Income for 2025
CEO James Hughes commented: "We are pleased to report a record year for Unity Bancorp. For the year, we generated $58.0M in net income, or $5.67 per diluted share, delivering a 2.17% ROA and 18.07% ROE. This represents a $16.5M, or 39.8% increase in net income from the prior year. For Q4, net income totaled $15.5M, or $1.52 per diluted share, representing 2.20% ROA and 18.08% ROE. In 2025, we continued to execute on our organic growth strategy, achieving meaningful expansion across loans and deposits. Gross loans increased $284M, or 12.6%, driven primarily by growth in our commercial portfolios. Total deposits grew $224M, or 10.7%, with customer deposits (ex-brokered) increasing $168M, or 8.9%. As we enter 2026, our lending pipelines remain healthy, and we believe a constructive economic backdrop will support Unity's ability to continue operating as a high-performing institution...During the quarter, we also recognized a pre-tax unrealized gain of $1.5M, related to the continued resolution of Patriot National Bancorp. Excluding this item, on a core basis, for the quarter, Unity earned $14.4M, or $1.41 per diluted share, representing a 2.04% ROA and 16.77% ROE..."
