Unity Bancorp Reports $58M Net Income for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Should l Buy UNTY?
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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Analyst Views on UNTY
Wall Street analysts forecast UNTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNTY is 60.50 USD with a low forecast of 60.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 56.140
Low
60.00
Averages
60.50
High
61.00
Current: 56.140
Low
60.00
Averages
60.50
High
61.00
About UNTY
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Company’s wholly-owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services, and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Key Earnings Reports and Economic Outlook This Week
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- Cisco's AI Focus: Cisco anticipates earnings of $1.02 per share and revenue of $15.1 billion for Q2 FY2026, with CEO highlighting a major multi-year campus networking refresh, making AI infrastructure demand a critical growth driver.
- Importance of Employment Report: The January employment report is expected to show an addition of 80,000 nonfarm payrolls and an unchanged unemployment rate of 4.4%, directly impacting private consumption and U.S. GDP, making it crucial for investors to monitor.
- Consumer Price Index Insights: The January CPI is projected to increase by 2.5% year-over-year, with core CPI rising by 2.6%, providing essential inflation details despite not being the Fed's preferred measure, particularly regarding persistent shelter cost inflation.
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- Strong Loan Growth: Unity Bancorp has achieved double-digit loan growth in a state where many banks are struggling, demonstrating its ability to capitalize on market dislocation and enhancing its competitive position.
- Superior Net Interest Margin: The company's 4.5% net interest margin is noteworthy among peers, supported by strong pricing power in its markets, which not only boosts profitability but also lays a foundation for future growth.
- Robust Capital Strength: Unity's Tangible Common Equity (TCE) ratio stands at 11.6% and its CET1 ratio at 14.5%, with a return on assets approaching 2%, indicating a solid capital position that supports organic growth and long-term value creation.
- Strategic M&A Management: The management's disciplined approach to mergers and acquisitions, combined with a strong capital base and focus on responsible growth, allows Unity Bancorp to stand out among small-cap banks, showcasing an efficient operating model and a clear strategic direction.
See More
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.
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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.
See More
UNITY Bancorp Reports Q4 Earnings of $15.472 Million, Beating Estimates
- Significant Earnings Growth: UNITY Bancorp reported fourth-quarter earnings of $15.472 million, or $1.52 per share, marking a substantial increase from $11.505 million and $1.13 per share last year, exceeding analysts' expectations of $1.36, indicating a strong enhancement in profitability.
- Adjusted Earnings Performance: Excluding special items, adjusted earnings stood at $14.351 million, or $1.41 per share, demonstrating robust performance in core operations and reinforcing market confidence in the company's future growth prospects.
- Increase in Net Interest Income: The net interest income for the fourth quarter reached $31.369 million, up from $26.490 million in the same period last year, reflecting effective management in loans and interest income, thereby enhancing financial stability.
- Growth in Loans and Deposits: Total gross loans increased to $2.544 billion from $2.260 billion last year, primarily driven by growth in commercial and residential mortgages, while total deposits rose to $2.324 billion, indicating increased customer trust.
See More
Piper Sandler Continues Overweight Rating for Unity Bancorp (UNTY)
Analyst Recommendation: Piper Sandler has maintained an Overweight rating for Unity Bancorp (NasdaqGM:UNTY), with a one-year price target average of $61.54/share, indicating a potential upside of 22.79% from its current price of $50.12/share.
Fund Sentiment and Ownership Changes: There are 310 funds reporting positions in Unity Bancorp, with a slight increase in ownership. Notable changes include Banc Funds Co decreasing its shares by 15.40%, while Alliancebernstein and Wellington Management also adjusted their holdings, reflecting mixed sentiment among institutional investors.
See More
Key Earnings Reports and Economic Outlook This Week
- DuPont Earnings Expectations: DuPont is expected to report earnings of $0.43 per share and revenue of $1.69 billion for Q4 2025, with analysts noting ongoing pressure in short-cycle businesses, while slight improvements in the automotive sector may influence investor sentiment.
- Cisco's AI Focus: Cisco anticipates earnings of $1.02 per share and revenue of $15.1 billion for Q2 FY2026, with CEO highlighting a major multi-year campus networking refresh, making AI infrastructure demand a critical growth driver.
- Importance of Employment Report: The January employment report is expected to show an addition of 80,000 nonfarm payrolls and an unchanged unemployment rate of 4.4%, directly impacting private consumption and U.S. GDP, making it crucial for investors to monitor.
- Consumer Price Index Insights: The January CPI is projected to increase by 2.5% year-over-year, with core CPI rising by 2.6%, providing essential inflation details despite not being the Fed's preferred measure, particularly regarding persistent shelter cost inflation.
See More
Unity Bancorp Named Top Bank Investment Idea for 2026 by Piper Sandler
- Strong Loan Growth: Unity Bancorp has achieved double-digit loan growth in a state where many banks are struggling, demonstrating its ability to capitalize on market dislocation and enhancing its competitive position.
- Superior Net Interest Margin: The company's 4.5% net interest margin is noteworthy among peers, supported by strong pricing power in its markets, which not only boosts profitability but also lays a foundation for future growth.
- Robust Capital Strength: Unity's Tangible Common Equity (TCE) ratio stands at 11.6% and its CET1 ratio at 14.5%, with a return on assets approaching 2%, indicating a solid capital position that supports organic growth and long-term value creation.
- Strategic M&A Management: The management's disciplined approach to mergers and acquisitions, combined with a strong capital base and focus on responsible growth, allows Unity Bancorp to stand out among small-cap banks, showcasing an efficient operating model and a clear strategic direction.
See More
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.
See More
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.
See More
UNITY Bancorp Reports Q4 Earnings of $15.472 Million, Beating Estimates
- Significant Earnings Growth: UNITY Bancorp reported fourth-quarter earnings of $15.472 million, or $1.52 per share, marking a substantial increase from $11.505 million and $1.13 per share last year, exceeding analysts' expectations of $1.36, indicating a strong enhancement in profitability.
- Adjusted Earnings Performance: Excluding special items, adjusted earnings stood at $14.351 million, or $1.41 per share, demonstrating robust performance in core operations and reinforcing market confidence in the company's future growth prospects.
- Increase in Net Interest Income: The net interest income for the fourth quarter reached $31.369 million, up from $26.490 million in the same period last year, reflecting effective management in loans and interest income, thereby enhancing financial stability.
- Growth in Loans and Deposits: Total gross loans increased to $2.544 billion from $2.260 billion last year, primarily driven by growth in commercial and residential mortgages, while total deposits rose to $2.324 billion, indicating increased customer trust.
See More
Piper Sandler Continues Overweight Rating for Unity Bancorp (UNTY)
Analyst Recommendation: Piper Sandler has maintained an Overweight rating for Unity Bancorp (NasdaqGM:UNTY), with a one-year price target average of $61.54/share, indicating a potential upside of 22.79% from its current price of $50.12/share.
Fund Sentiment and Ownership Changes: There are 310 funds reporting positions in Unity Bancorp, with a slight increase in ownership. Notable changes include Banc Funds Co decreasing its shares by 15.40%, while Alliancebernstein and Wellington Management also adjusted their holdings, reflecting mixed sentiment among institutional investors.
See More
