Unity Bancorp Q4 net income rises on commerical loan growth

Overview

• U.S. financial services firm's Q4 net income rose to $15.5 mln

• Company's annual net income increased 39.8% yr/yr

• Company's loans and deposits grew in 2025

Outlook

• Unity Bancorp sees a constructive economic backdrop supporting its operations in 2026

• Company focuses on customer experience and relationship building for sustained momentum

Result Drivers

• COMMERCIAL LOAN GROWTH - Unity Bancorp saw a 12.6% increase in gross loans, driven by growth in commercial portfolios

• DEPOSIT EXPANSION - Total deposits grew by 10.7%, with customer deposits increasing by 8.9%

• NONACCRUAL IMPACT - A $15.5 mln commercial mortgage moved to nonaccrual status, impacting income by $1.6 mln due to reserve buildup and interest reversals

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Unity Bancorp Inc is $60.00, about 14.3% above its January 12 closing price of $52.48

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX6hQ33N

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