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..."
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Analysts Downgrade Marsh & McLennan Price Target to $208
- Price Target Cut: Cantor Fitzgerald lowered Marsh & McLennan's price target from $226 to $208 while maintaining an Overweight rating, indicating a cautious outlook on the company's future growth potential.
- Target Price Reduction: Piper Sandler cut the price target for Intercontinental Exchange from $292 to $195, despite maintaining an Overweight rating, which may affect investor confidence in the stock.
- Price Target Increase: Citizens raised the price target for Red Rock Resorts from $65 to $68, with analysts maintaining a Market Outperform rating, reflecting optimism about the company's future performance.
- Target Price Boost: Keybanc increased AAR Corp's price target from $93 to $109, with analysts keeping an Overweight rating, signaling confidence in the company's recovery in the aviation sector.
Unity Bancorp (UNTY) Reports Q4 GAAP EPS of $1.52 with $58 Million Net Income
- Strong Quarterly Performance: Unity Bancorp reported a Q4 GAAP EPS of $1.52, indicating sustained growth in profitability, reflecting robust financial management and market performance.
- Annual Net Income Growth: The net income for the fiscal year 2024 reached $58 million, a 39.5% increase from $41.5 million in the previous year, demonstrating significant progress in market competitiveness and boosting investor confidence.
- Earnings Per Share Increase: Diluted EPS rose from $4.06 to $5.67, marking a 39.6% increase, which not only enhances shareholder returns but may also attract more long-term investors to the company's growth potential.
- Increased Investor Interest: With improved financial performance, Unity Bancorp's quant rating on Seeking Alpha indicates its appeal to long-term investors, suggesting the company may experience better market performance in the future.
