UNTY Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About UNTY Interactive Breakdown Better Bets vs. UNTY Peer Outperformance Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Clinical Pipeline Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Investor Activity (13F) Trade Sentinel Investor Videos Industry Resource Links External Quote Links

    Unity Bancorp (UNTY)

    Market Price (9/21/2026): $58.38 | Market Cap: $586.2 MilSector: Financials | Industry: Regional Banks

    Unity Bancorp (UNTY)

    Market Price (9/21/2026): $58.38
    Market Cap: $586.2 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%

    Low stock price volatility
    Vol 12M is 27%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

    Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 21x

    Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -7.7%

    Key risks
    UNTY key risks include [1] credit exposure concentrated in its commercial real estate and Small Business Administration (SBA) loan portfolios.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.9%
    1 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
    2 Low stock price volatility
    Vol 12M is 27%
    3 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
    4 Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 21x
    5 Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -7.7%
    6 Key risks
    UNTY key risks include [1] credit exposure concentrated in its commercial real estate and Small Business Administration (SBA) loan portfolios.

    UNTY in ETFs

    Weight = UNTY's share of each fund

    VTI0.00%
    IWM0.02%
    VIG0.00%
    AVUV0.05%
    IWO0.02%
    VTWO0.01%
    DFAS0.01%
    DFAC0.00%
    +2 more covered ETFs

    Valuation & Metrics

    FYE: 12/31UNTY [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$135.3 Mil—
    FY 2026 Sales$139.6 Mil—
    FY 2027 Sales$152.5 Mil—
    FY 2026 Sales Growth3.2%—
    FY 2027 Sales Growth9.2%12.9%
    EARNINGS
    LTM Net Income (GAAP) [3]$58.6 Mil—
    FY 2026 Net Income (Non-GAAP)$60.6 Mil—
    FY 2027 Net Income (Non-GAAP)$65.7 Mil—
    FY 2027 Net Income Growth8.4%18.1%
    FY 2026 EPS (Non-GAAP)$5.86—
    FY 2027 EPS (Non-GAAP)$6.36—
    FY 2027 EPS Growth8.5%—
    VALUATION
    FY 2026 P/S4.21.6
    FY 2027 P/S3.8—
    FY 2026 P/E9.77.4
    FY 2027 P/E8.9—

    [1] UNTY forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 9/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    UNTYS&P 500
    REVENUE GROWTH 
    Rev LTM ($ Bil)0.1
    Rev Chg Q-7.7%9.3%
    Rev Chg LTM12.5%8.3%
    Rev Chg 3Y Avg10.3%5.8%
    PROFITABILITYVERY GOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.1
    CFO/Rev LTM20.4%21.8%
    Net Inc Mgn43.3%13.1%
    VALUATIONLOW
    P/S4.33.1
    P/CFO21.214.8
    P/FCF21.819.3
    P/E10.022.5

    AI Analysis | Feedback

    MetricValueDateSource
    Net Interest Margin4.54%9302025Link
    Book Value Per Share$33.269302025Link
    Number of Branches2210142025Link
    Return on Average Assets2.11%9302025Link
    Return on Average Equity17.41%9302025Link
    Nonaccrual assets as a percentage of total assets0.54%6302025Link

    Price Chart

    Upcoming
    10/13/2026Earnings ReleaseRev: $35 Mil (E)
    EPS: $1.49 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/1/2026

    Unity Bancorp (UNTY) stock has gained about 5% since 5/31/2026 because of the following key factors:

    1. Strong Fiscal Q2 2026 Operating Performance Despite a Slight EPS Miss. Unity Bancorp reported a net income of $14.5 million, or $1.42 per diluted share, for fiscal Q2 2026, which ended on June 30, 2026. While the reported EPS of $1.42 missed the consensus estimate of $1.4688 by 3.32%, the stock gained 1.57% in the trading session following the July 14, 2026, earnings release. This positive market reaction indicated investor confidence in the bank's underlying operational strength, highlighted by a robust net interest margin of 4.56%, a return on average assets of 2.01%, and a return on average equity of 15.86% for the quarter. The company also maintained moderate loan growth, particularly in commercial and industrial lending within its core New Jersey and Pennsylvania markets.

    2. Announcement of a 6% Increase in Quarterly Cash Dividend. On August 20, 2026, Unity Bancorp's Board of Directors declared an increased quarterly cash dividend of $0.17 per common share, a 6% increase from the previous $0.16 per share. This dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026. The increase signals the company's strong financial performance, disciplined balance sheet management, and commitment to delivering consistent value to its shareholders, reinforcing positive sentiment.

    Show more
    Updated on 9/1/2026

    Unity Bancorp (UNTY) stock has gained about 5% since 5/31/2026 because of the following key factors:

    1. Strong Fiscal Q2 2026 Operating Performance Despite a Slight EPS Miss. Unity Bancorp reported a net income of $14.5 million, or $1.42 per diluted share, for fiscal Q2 2026, which ended on June 30, 2026. While the reported EPS of $1.42 missed the consensus estimate of $1.4688 by 3.32%, the stock gained 1.57% in the trading session following the July 14, 2026, earnings release. This positive market reaction indicated investor confidence in the bank's underlying operational strength, highlighted by a robust net interest margin of 4.56%, a return on average assets of 2.01%, and a return on average equity of 15.86% for the quarter. The company also maintained moderate loan growth, particularly in commercial and industrial lending within its core New Jersey and Pennsylvania markets.

    2. Announcement of a 6% Increase in Quarterly Cash Dividend. On August 20, 2026, Unity Bancorp's Board of Directors declared an increased quarterly cash dividend of $0.17 per common share, a 6% increase from the previous $0.16 per share. This dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026. The increase signals the company's strong financial performance, disciplined balance sheet management, and commitment to delivering consistent value to its shareholders, reinforcing positive sentiment.

    3. Positive Analyst Sentiment and Upgraded Price Targets. Leading up to and during the period, Unity Bancorp received favorable analyst coverage, contributing to investor confidence. On June 26, 2026, Piper Sandler raised its price target for UNTY from $65.00 to $68.00, maintaining an "overweight" rating. Subsequently, on July 15, 2026, DA Davidson reissued a "buy" rating with a $68.00 price target, and on July 16, 2026, Freedom Capital upgraded the stock to a "strong-buy" rating. The consensus rating from six Wall Street analysts is a "Buy," with an average price target of $65.50, indicating an 11.43% potential upside from the stock's price of $58.78 as of late August 2026.

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    Stock Movement Drivers

    Fundamental Drivers

    The 4.8% change in UNTY stock from 5/31/2026 to 9/20/2026 was primarily driven by a 8.7% change in the company's P/E Multiple.
    (LTM values as of)53120269202026Change
    Stock Price ($)55.5358.194.8%
    Change Contribution By: 
    Total Revenues ($ Mil)138135-2.0%
    Net Income Margin (%)43.9%43.3%-1.3%
    P/E Multiple9.210.08.7%
    Shares Outstanding (Mil)1010-0.3%
    Cumulative Contribution4.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    5/31/2026 to 9/20/2026
    ReturnCorrelation
    UNTY4.8% 
    Market (SPY)0.9%-3.8%
    Sector (XLF)8.3%41.3%

    Fundamental Drivers

    The 10.4% change in UNTY stock from 2/28/2026 to 9/20/2026 was primarily driven by a 7.1% change in the company's Total Revenues ($ Mil).
    (LTM values as of)22820269202026Change
    Stock Price ($)52.7158.1910.4%
    Change Contribution By: 
    Total Revenues ($ Mil)1261357.1%
    Net Income Margin (%)42.7%43.3%1.4%
    P/E Multiple9.810.01.7%
    Shares Outstanding (Mil)10100.0%
    Cumulative Contribution10.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    2/28/2026 to 9/20/2026
    ReturnCorrelation
    UNTY10.4% 
    Market (SPY)11.6%14.3%
    Sector (XLF)9.2%41.4%

    Fundamental Drivers

    The 12.8% change in UNTY stock from 8/31/2025 to 9/20/2026 was primarily driven by a 12.5% change in the company's Total Revenues ($ Mil).
    (LTM values as of)83120259202026Change
    Stock Price ($)51.5958.1912.8%
    Change Contribution By: 
    Total Revenues ($ Mil)12013512.5%
    Net Income Margin (%)42.0%43.3%3.2%
    P/E Multiple10.210.0-2.7%
    Shares Outstanding (Mil)1010-0.1%
    Cumulative Contribution12.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2025 to 9/20/2026
    ReturnCorrelation
    UNTY12.8% 
    Market (SPY)19.4%24.2%
    Sector (XLF)4.7%46.6%

    Fundamental Drivers

    The 152.4% change in UNTY stock from 8/31/2023 to 9/20/2026 was primarily driven by a 70.7% change in the company's P/E Multiple.
    (LTM values as of)83120239202026Change
    Stock Price ($)23.0558.19152.4%
    Change Contribution By: 
    Total Revenues ($ Mil)10213532.8%
    Net Income Margin (%)39.2%43.3%10.7%
    P/E Multiple5.810.070.7%
    Shares Outstanding (Mil)10100.6%
    Cumulative Contribution152.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    8/31/2023 to 9/20/2026
    ReturnCorrelation
    UNTY152.4% 
    Market (SPY)75.6%36.0%
    Sector (XLF)69.8%53.3%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    UNTY Return52%6%10%50%20%15%266%
    Peers Return29%4%32%20%7%30%193%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    UNTY Win Rate92%50%50%58%67%67% 
    Peers Win Rate63%48%55%57%53%67% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    UNTY Max Drawdown-12%-17%-24%-15%-24%-12% 
    Peers Max Drawdown-15%-27%-33%-19%-22%-13% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: TCBX, GCBC, HBT, BFST, BCML.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventUNTYS&P 500
    2025 US Tariff Shock
      % Loss-19.5%-18.8%
      % Gain to Breakeven24.2%23.1%
      Time to Breakeven88 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-13.2%-9.5%
      % Gain to Breakeven15.3%10.5%
      Time to Breakeven21 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-22.6%-6.7%
      % Gain to Breakeven29.1%7.1%
      Time to Breakeven81 days31 days
    2020 COVID-19 Crash
      % Loss-50.3%-33.7%
      % Gain to Breakeven101.2%50.9%
      Time to Breakeven276 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-18.0%-19.2%
      % Gain to Breakeven21.9%23.8%
      Time to Breakeven93 days105 days
    2010 Eurozone Sovereign Debt Crisis / Flash Crash
      % Loss-13.1%-15.4%
      % Gain to Breakeven15.1%18.2%
      Time to Breakeven26 days125 days

    Compare to TCBX, GCBC, HBT, BFST, BCML

    In The Past

    Unity Bancorp's stock fell -19.5% during the 2025 US Tariff Shock. Such a loss loss requires a 24.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventUNTYS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-22.6%-6.7%
      % Gain to Breakeven29.1%7.1%
      Time to Breakeven81 days31 days
    2020 COVID-19 Crash
      % Loss-50.3%-33.7%
      % Gain to Breakeven101.2%50.9%
      Time to Breakeven276 days140 days
    2008-2009 Global Financial Crisis
      % Loss-59.6%-53.4%
      % Gain to Breakeven147.6%114.4%
      Time to Breakeven697 days1085 days

    Compare to TCBX, GCBC, HBT, BFST, BCML

    In The Past

    Unity Bancorp's stock fell -19.5% during the 2025 US Tariff Shock. Such a loss loss requires a 24.2% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Unity Bancorp (UNTY)

    ```html

    Unity Bancorp, Inc. (UNTY) operates as the holding company for Unity Bank, a community-focused financial institution. The company specializes in providing a comprehensive suite of commercial and retail banking products and services. Its primary customer base includes individuals, small and medium-sized businesses, and various professional communities.

    The bank's core offerings encompass a variety of deposit accounts, such as personal and business checking, savings, money market, and time deposits, including both noninterest and interest-bearing demand deposits. On the lending side, Unity Bank provides Small Business Administration (SBA) loans, commercial loans, and a range of residential mortgage and consumer loan products. These include residential real estate loans, home equity lines and loans, residential construction lines, and personal loans.

    Unity Bank delivers its services through nineteen physical branch offices strategically located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. Furthermore, the company extends its reach and convenience by offering its banking services through the Internet.

    ```

    AI Analysis | Feedback

    Analogies for Unity Bancorp (UNTY):

    • It's like a highly localized and community-focused Bank of America, exclusively serving specific counties in New Jersey and Pennsylvania.
    • Think of it as a smaller, neighborhood version of a big bank like Wells Fargo, dedicated to individuals and small businesses in its regional market.

    AI Analysis | Feedback

    ```html
    • Checking Accounts: Offers both personal and business checking accounts.
    • Savings Accounts: Provides regular savings and money market accounts.
    • Time Deposits: Includes various types of certificates of deposit (CDs) and other time-based savings products.
    • Small Business Administration (SBA) Loans: Provides government-backed loans to small businesses.
    • Commercial Loans: Offers loans to businesses for operational, expansion, or other commercial needs.
    • Residential Mortgage Loans: Provides financing for residential real estate purchases, refinances, and construction.
    • Home Equity Loans and Lines of Credit: Offers loans and credit lines secured by the equity in a homeowner's property.
    • Personal Loans: Provides loans to individuals for various personal consumer needs.
    ```

    AI Analysis | Feedback

    ```html

    Unity Bancorp, Inc. (UNTY) primarily serves the following categories of customers:

    • Individuals: This includes consumers seeking personal checking accounts, savings accounts, residential mortgages, home equity loans, and other personal loans.
    • Small and Medium-Sized Businesses: These customers utilize the bank's commercial banking products and services, including business checking accounts, commercial loans, and Small Business Administration (SBA) loans.
    • Professional Communities: This category likely encompasses professionals and their practices (e.g., medical, legal, accounting firms) who require specialized banking services, including checking accounts and commercial loans tailored to their professional needs.
    ```

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    James Hughes, Chief Executive Officer

    James Hughes joined Unity Bancorp in December 2000 and was appointed Chief Executive Officer in 2003. Prior to his time at Unity, he served as a Senior Vice President of Finance at Summit Bancorp in Princeton, New Jersey, where he began in August 1989. He also worked as an audit manager with KPMG, L.L.P. Mr. Hughes is a certified public accountant and holds a B.S. in Accounting/Finance from Mount St. Mary's College and an M.B.A. in Finance from Seton Hall University.

    James Davies, Chief Financial Officer

    James Davies was appointed Chief Financial Officer of Unity Bancorp, effective January 1, 2026. Before this promotion, he served as the company's Senior Vice President and Controller. His prior experience includes serving as Deputy Controller of Valley Bank in 2022, and from 2018 to 2022, he was First Vice President, Co-Controller, and CFO of Leumi Investment Services, Inc., as well as Finance Manager of Bank Leumi USA.

    George Boyan, President

    George Boyan was promoted to President of Unity Bancorp, effective January 1, 2026, and also joined the Boards of Directors of both Unity Bancorp, Inc. and Unity Bank. He previously held the position of Executive Vice President and Chief Financial Officer for Unity Bancorp from 2021. From 2014 to 2021, he served as Treasurer & Controller of Bank Leumi USA and President of Leumi Investment Services, Inc.

    David Dallas, Founder & Chairman of the Board

    David Dallas is a Founder and currently serves as the Chairman of the Board for Unity Bancorp, Inc. and Unity Bank.

    James Donovan, First Senior VP & Chief Lending Officer

    James Donovan holds the position of First Senior Vice President and Chief Lending Officer at Unity Bancorp. Prior to joining Unity, he served as Group Vice President, Pennsylvania Market Manager Business Banking for M&T Bank since 2005. He also served as Senior Vice President, Head of Commercial & Industrial Banking for Bryn Mawr Trust since April 2019.

    AI Analysis | Feedback

    Key Risks to Unity Bancorp (UNTY)

    The key risks to Unity Bancorp's business primarily stem from its loan portfolio concentration, exposure to interest rate fluctuations, and the evolving regulatory landscape. * Concentration in Real Estate Lending and Credit Risk: Unity Bancorp has a significant portion of its loan portfolio concentrated in real estate. Approximately 96% of its loans are secured by real estate, with commercial real estate, including construction loans, representing 56.6% of the total loan portfolio as of December 31, 2025. This heavy concentration makes the company particularly sensitive to downturns in the real estate market. Recent reports indicate a rise in non-performing loans, which more than doubled from $13.8 million in Q4 2024 to $29.8 million in Q4 2025. Additionally, a notable commercial mortgage relationship transitioned to nonaccrual status, leading to a pre-tax impact on the company's income statement and highlighting vulnerability to individual credit exposures. * Interest Rate Risk: As a financial institution, Unity Bancorp's profitability is significantly influenced by changes in interest rates. Fluctuations in interest rates can affect the value of its assets, the cost of its liabilities, and the net interest margin, which is a primary driver of its revenue. * Regulatory Capital Requirements and Evolving Regulations: Unity Bancorp operates under extensive regulatory oversight and is subject to capital rules, including those under Basel III. Changes in banking laws and regulations, such as those related to artificial intelligence technology, cybersecurity, and increased competition from fintech companies and potential public banking initiatives, could materially impact the company's operations, compliance costs, and business strategies.

    AI Analysis | Feedback

    The following are clear emerging threats for Unity Bancorp:
    • The rise of digital-only banks and financial technology (Fintech) companies that offer streamlined, app-based banking experiences, competitive rates, and lower fees, directly competing with traditional banks for deposits and loans without the overhead of physical branches.
    • The increasing entry of "Big Tech" companies (e.g., Apple, Google, Amazon) into financial services, leveraging their massive user bases, data, and technological expertise to offer payment solutions, lending products, and other financial services, potentially disintermediating traditional banks from customer relationships.

    AI Analysis | Feedback

    Unity Bancorp, Inc. (UNTY) operates within the commercial and retail banking sectors in specific counties of New Jersey and Northampton County, Pennsylvania. The addressable markets for its main products and services can be broadly estimated using state-level banking industry statistics for deposits and loans, which serve as proxies for the markets for checking, savings, and loan products.

    For its deposit products, which include personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, the addressable market can be estimated by the total deposits held by all banks in the regions where Unity Bancorp operates. As of September 30, 2025, the total assets for all banks in New Jersey amounted to approximately $203.08 billion. The total deposits for all banks in New Jersey were approximately $436.8 billion as of June 30, 2025.

    For its lending products, such as small business administration loans, commercial loans, and residential mortgage and consumer loans, the overall banking market in its operating states provides an indication of the addressable market. As of September 30, 2025, the total assets for all banks in Pennsylvania were approximately $336.41 billion. The total deposits for all banks in Pennsylvania were approximately $270.92 billion as of December 31, 2024.

    More specifically for Small Business Administration (SBA) loans, community banks in New Jersey provided a total of $9.5 billion in SBA loans to small businesses between 2010 and 2025. Similarly, in Pennsylvania, community banks provided a total of $9.2 billion in SBA loans to small businesses from 2010 to 2025. These figures represent the market size for SBA lending across the entirety of each state, not solely within Unity Bancorp's specific service areas.

    It is important to note that Unity Bancorp's physical presence is concentrated in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, and Northampton County in Pennsylvania. Therefore, its actual addressable market is a subset of these state-level figures.

    AI Analysis | Feedback

    Unity Bancorp (NASDAQ: UNTY) is expected to drive future revenue growth over the next two to three years through several key initiatives directly related to its core banking operations and strategic market presence.

    Here are 3-5 expected drivers of future revenue growth:

    • Sustained Growth in Loans and Deposits: Unity Bancorp has demonstrated a clear strategy of achieving "meaningful expansion across loans and deposits". In 2025, the company reported a 12.6% increase in gross loans and a 10.7% growth in total deposits, with a stated ongoing strategy to grow these in tandem at a mid-to-high single-digit rate.
    • Expansion of Commercial Loan Portfolios: A significant contributor to Unity Bancorp's loan growth has been the expansion of its commercial portfolios. This focus aligns with the company's business model of serving small and medium-sized businesses and professional communities.
    • Organic Growth through Customer Acquisition and Relationship Deepening: The company emphasizes its "organic growth strategy" by attracting new clients and enhancing relationships with existing customers. This focus on customer experience and expanding the client base is a key element for maintaining growth momentum.
    • Strategic Branch Network Expansion: Unity Bancorp has actively expanded its physical footprint, evidenced by the opening of its 22nd branch in Madison, New Jersey, in the third quarter of 2025. This expansion reinforces its commitment to serving local communities and deepening relationships, thereby increasing its market reach and customer base.
    • Favorable Net Interest Margin (NIM) Trends: Unity Bancorp has benefited from an expanding net interest margin, which directly contributes to its profitability and revenue. The company’s net interest margin increased by 5 basis points to 4.54% in Q3 2025, demonstrating its ability to drive profitability in a dynamic rate environment.

    AI Analysis | Feedback

    Share Repurchases

    • Unity Bancorp authorized a new Share Repurchase Program on August 1, 2024, permitting the repurchase of up to 500,000 shares, which represents approximately 5.0% of its outstanding common stock. This program was set to begin after the completion of the 2023 plan.
    • Under a previous program initiated on April 27, 2023, the company had repurchased 315,355 shares as of August 1, 2024, with 184,645 shares remaining for future repurchase.
    • For the year ended December 31, 2025, Unity Bancorp repurchased 116,296 shares at a weighted average price of $43.21 per share, and retired approximately 1.6 million shares of treasury stock valued at $35.5 million during the fourth quarter of 2025.

    Share Issuance

    • The number of outstanding shares for Unity Bancorp has remained relatively stable over the last few years, with 10.06 million in 2023, 10 million in 2024, and 10 million in 2025, suggesting that share repurchases have largely offset any issuances.

    Outbound Investments

    • Unity Bancorp holds an investment in Patriot National Bancorp Inc., on which it recognized a $1.5 million unrealized gain during the quarter ended December 31, 2025.

    Peer Outperformance in Regional Banks

    UNTY has outperformed 95% of its 264 Regional Banks peers over 5Y. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that UNTY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    28%
    of 288 industry peers · 14.5% return
    3Y
    91%
    of 277 industry peers · 153.5% return
    5Y
    95%
    of 264 industry peers · 176.0% return
    No Regional Banks peer with a comparable growth profile has beaten UNTY by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is UNTY's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 24.2%70.6%133.7% SPNT 170% · RGA 154% · RNR 140%
    Investment Banking & Brokerage 13 -1.7%105.1%116.5% IBKR 527% · SNEX 257% · HOOD 183%
    Diversified Banks 12 27.5%129.8%116.3% CM 161% · JPM 159% · RY 149%
    Life & Health Insurance 20 8.6%57.6%105.8% JXN 534% · UNM 373% · FG 207%
    Multi-Sector Holdings 4 6.8%50.2%87.3% JONE 361% · VOYA 88% · BRK-B 87%
    Property & Casualty Insurance 42 9.6%67.5%67.8% ASIC 2760900% · HRTG 445% · UVE 331%
    Regional Banks ← 265 23.9%91.7%67.1% ESQ 391% · GCBC 340% · VBNK 335%
    Multi-line Insurance 9 8.8%71.2%64.1% GNW 201% · L 112% · SLF 104%
    Financial Exchanges & Data 15 -0.1%17.4%32.7% VIRT 184% · CBOE 135% · CME 83%
    Diversified Financial Services 4 -7.3%22.1%32.6% FRHC 168% · EQH 119% · TMS -54%
    Consumer Finance 30 1.7%89.6%26.9% ENVA 447% · EZPW 319% · FCFS 168%
    Insurance Brokers 16 -15.1%-6.3%20.3% LIFE 200% · ARX 87% · AJG 70%
    Commercial & Residential Mortgage Finance 14 -50.2%32.8%13.9% FNMA 454% · FMCC 436% · ACT 204%
    Asset Management & Custody Banks 84 -11.7%17.6%12.0% WT 348% · SII 279% · VCTR 274%
    Specialized Finance 3 14.0%42.2%-2.8% EFC 27% · CACC -3% · HASI -16%
    Mortgage REITs 33 -13.0%7.4%-16.5% NREF 53% · RITM 42% · DX 34%
    Transaction & Payment Processing Services 15 -1.0%-5.9%-42.9% V 74% · MA 73% · CPAY 58%
    Diversified Capital Markets 20 -36.3%20.7%-48.1% OPY 196% · LPLA 136% · GOLD 90%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

    Latest Trefis Analyses

    Title
    0ARTICLES

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    SDGRSchrodinger2.252.6%62.3%
    PSPershing Square19.932.3%106.6%
    BBNXBeta Bionics1.032.1%-28.2%
    TEMTempus AI14.031.9%31.8%
    SECZSecuritize1.631.3%-11.7%
    TWSTTwist Bioscience10.431.3%426.5%
    EMATEvolution Metals & Technologies2.530.5%-81.1%
    GEMIGemini Space Station0.730.3%-41.4%
    RUMRumble2.626.8%43.8%
    ALMRAlamar Biosciences2.025.0%58.4%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    ADBTAdvasa0.1-47.1%-98.0%
    SWMRSwarmer0.4-39.4%-22.6%
    ALHCAlignment Healthcare1.7-33.8%-57.7%
    XENEXenon Pharmaceuticals4.0-32.2%-11.3%
    FLNCFluence Energy1.0-26.3%-63.0%
    ENVAEnova International4.3-21.8%11.1%
    VYXNCR Voyix0.9-21.2%-33.9%
    ARWRArrowhead Pharmaceuticals9.5-19.8%0.1%
    DMRADamora Therapeutics1.4-19.6%-1.8%
    IONSIonis Pharmaceuticals7.4-18.0%-43.8%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    SECZSecuritize1.680.1%-11.7%
    FWDIForward Industries0.755.9%16.5%
    PURRHyperliquid Strategies1.750.1%295.8%
    GEMIGemini Space Station0.747.8%-41.4%
    MSTRStrategy54.347.6%1.3%
    SMTCSemtech17.247.6%151.1%
    CVICVR Energy5.446.3%112.4%
    SDGRSchrodinger2.246.2%62.3%
    EMATEvolution Metals & Technologies2.541.1%-81.1%
    ACVAACV Auctions1.840.3%30.7%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    ALMSAlumis1.0-67.6%-20.4%
    IESCIES12.8-47.5%-17.2%
    SWMRSwarmer0.4-46.9%-22.6%
    RAREUltragenyx Pharmaceutical1.5-44.7%-36.9%
    TTANServiceTitan5.2-42.1%-48.3%
    FLNCFluence Energy1.0-39.4%-63.0%
    KRMNKarman4.7-38.6%-51.1%
    XENEXenon Pharmaceuticals4.0-36.2%-11.3%
    DYNDyne Therapeutics2.8-36.1%-12.5%
    DKSDick's Sporting Goods10.7-36.1%-37.5%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    UNTYTCBXGCBCHBTBFSTBCMLMedian
    NameUnity Ba.Third Co.Greene C.HBT Fina.Business.BayCom  
    Mkt Price58.1944.3735.6636.0130.8230.1035.83
    Mkt Cap0.60.7-1.31.00.30.7
    Rev LTM135235-267344105235
    Op Inc LTM-------
    FCF LTM2716-761032627
    FCF 3Y Avg3531-76792635
    CFO LTM2833-871032833
    CFO 3Y Avg3638-83832838

    Growth & Margins

    UNTYTCBXGCBCHBTBFSTBCMLMedian
    NameUnity Ba.Third Co.Greene C.HBT Fina.Business.BayCom  
    Rev Chg LTM12.5%26.3%-15.7%14.6%6.8%14.6%
    Rev Chg 3Y Avg10.3%19.4%-8.8%11.9%-0.3%10.3%
    Rev Chg Q-7.7%30.5%-37.5%16.5%3.1%16.5%
    QoQ Delta Rev Chg LTM-2.0%7.2%-8.9%3.9%0.7%3.9%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM20.4%13.9%-32.6%30.0%27.0%27.0%
    CFO/Rev 3Y Avg31.4%20.2%-34.9%27.6%28.2%28.2%
    FCF/Rev LTM19.9%6.7%-28.4%29.9%25.1%25.1%
    FCF/Rev 3Y Avg30.8%17.2%-32.0%26.0%26.0%26.0%

    Valuation

    UNTYTCBXGCBCHBTBFSTBCMLMedian
    NameUnity Ba.Third Co.Greene C.HBT Fina.Business.BayCom  
    Mkt Cap0.60.7-1.31.00.30.7
    P/S4.33.1-4.92.93.13.1
    P/Op Inc-------
    P/EBIT-------
    P/E10.09.9-16.810.825.110.8
    P/CFO21.122.5-15.19.711.615.1
    Total Yield11.1%10.1%-8.1%11.1%7.5%10.1%
    Dividend Yield1.0%0.0%-2.2%1.8%3.5%1.8%
    FCF Yield 3Y Avg8.9%7.9%-9.3%10.3%8.9%8.9%
    D/E0.60.2-0.10.60.10.2
    Net D/E0.1-0.7--0.5-0.60.1-0.5

    Returns

    UNTYTCBXGCBCHBTBFSTBCMLMedian
    NameUnity Ba.Third Co.Greene C.HBT Fina.Business.BayCom  
    1M Rtn-1.8%-2.5%2.5%0.7%-1.1%1.3%-0.2%
    3M Rtn5.3%13.8%21.6%19.7%7.6%-3.6%10.7%
    6M Rtn18.5%19.7%56.8%39.5%20.6%6.5%20.2%
    12M Rtn14.5%10.2%51.0%43.0%30.0%5.3%22.3%
    3Y Rtn153.5%144.7%59.3%122.2%82.4%72.7%102.3%
    1M Excs Rtn-0.5%-0.3%4.5%2.4%0.0%0.7%0.3%
    3M Excs Rtn3.3%11.8%19.6%17.7%5.6%-5.6%8.7%
    6M Excs Rtn2.0%5.8%46.3%23.9%2.7%-8.7%4.3%
    12M Excs Rtn-2.6%-5.0%39.1%28.2%15.4%-10.6%6.4%
    3Y Excs Rtn81.5%73.3%-41.9%41.4%1.4%5.0%23.2%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/6/20265/7/20263/4/202611/6/20258/6/20255/7/20253/7/202511/12/20248/6/20245/8/20243/7/202411/8/2023
    Key Financials Quarterly            
    Total Revenue333435333629272724262525
    Net Income14141514161212119101010
    EPS1.441.431.551.431.641.151.151.090.940.950.970.98
    Key Financials TTM            
    Total Revenue TTM135138134126120109105102100101101103
    Net Income TTM596158545043414039394040
    Growth Rates Quarterly            
    Total Revenue Growth-7.7%14.5%27.5%22.0%47.8%14.8%9.7%8.2%-4.1%1.6%-6.0%2.7%
    Net Income Growth-12.2%23.2%34.4%32.0%74.4%21.0%17.8%9.6%-2.5%-6.8%-1.9%0.1%
    Margins Quarterly            
    Net Income Margin43.4%42.5%44.4%43.0%45.6%39.5%42.1%39.7%38.7%37.5%39.2%39.2%
    Cash & Debt            
    Total Cash269252218286306302274292296278287254
    Total Debt326259266242387254231277285310367399
    Net Debt / (Cash)57748-4482-48-44-15-113280145
    Cash Flows Quarterly            
    FCF from Operations-3915745-24182318-8162513
    Cash Flows TTM            
    FCF from Operations TTM284245613450485046494755
    Returns to Shareholders Quarterly            
    Dividends221111111111
    Share Repurchases-003-02-0002411
    Return on Invested Capital (ROIC) Quarterly            
    ROIC37.1%54.6%42.3%-58.2%--235.7%178.5%56.4%31.7%21.0%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM37.6%57.9%39.6%-44.6%--214.6%183.0%57.4%32.2%21.1%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Single Segment1341041029888
    Total1341041029888


    Price Behavior

    Price Behavior
    Market Price$58.19 
    Market Cap ($ Bil)0.6 
    First Trading Date01/14/1997 
    Distance from 52W High-5.6% 
       50 Days200 Days
    DMA Price$58.78$54.74
    DMA Trendupup
    Distance from DMA-1.0%6.3%
     3M1YR
    Volatility23.1%27.0%
    Downside Capture-0.8642.18
    Upside Capture26.4850.66
    Correlation (SPY)6.2%23.6%
    UNTY Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta0.480.39-0.170.230.520.77
    Up Beta1.000.26-0.360.170.440.71
    Down Beta1.140.53-0.23-0.120.700.78
    Up Capture-2%27%3%37%39%73%
    Bmk +ve Days10213268138427
    Stock +ve Days9203363119375
    Down Capture37%57%-19%35%54%88%
    Bmk -ve Days11213259113324
    Stock -ve Days11213063131371

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UNTY
    UNTY13.4%27.4%0.44-
    Sector ETF (XLF)4.5%14.6%0.0846.3%
    Equity (SPY)16.9%12.9%0.9423.8%
    Gold (GLD)19.1%29.3%0.60-7.0%
    Commodities (DBC)46.3%20.6%1.73-24.9%
    Real Estate (VNQ)4.9%13.6%0.1041.6%
    Bitcoin (BTCUSD)-30.6%44.3%-0.706.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UNTY
    UNTY22.8%29.6%0.71-
    Sector ETF (XLF)10.1%18.4%0.4147.9%
    Equity (SPY)12.9%17.2%0.5733.9%
    Gold (GLD)19.1%18.8%0.83-5.8%
    Commodities (DBC)11.2%19.5%0.45-1.3%
    Real Estate (VNQ)1.1%18.8%-0.0533.6%
    Bitcoin (BTCUSD)12.5%52.5%0.4213.1%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with UNTY
    UNTY18.9%42.3%0.55-
    Sector ETF (XLF)12.9%22.1%0.5349.2%
    Equity (SPY)15.1%18.0%0.7239.0%
    Gold (GLD)12.1%16.4%0.61-3.3%
    Commodities (DBC)8.3%18.1%0.3710.2%
    Real Estate (VNQ)4.4%20.7%0.1842.2%
    Bitcoin (BTCUSD)62.6%66.2%1.0212.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity0.2 Mil
    Short Interest: % Change Since 81520268.1%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest3
    Basic Shares Quantity10.0 Mil
    Short % of Basic Shares1.5%

    Returns Analyses

    Earnings Returns History

    Updated 8/20/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/14/2026-3.2%-0.4%5.8%
    4/14/2026-2.2%-3.2%-7.2%
    1/13/20264.2%-0.0%3.7%
    10/14/20254.6%4.6%1.0%
    7/15/2025-1.5%1.1%-6.3%
    4/11/2025-0.4%4.5%13.8%
    1/15/20254.8%10.2%10.8%
    10/11/20246.6%22.8%37.6%
    ...
    SUMMARY STATS   
    # Positive141216
    # Negative795
    Median Positive3.6%4.7%6.9%
    Median Negative-1.5%-2.2%-2.8%
    Max Positive6.6%22.8%37.6%
    Max Negative-3.2%-3.2%-7.2%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/14/2026-3.2%-0.4%5.8%
    4/14/2026-2.2%-3.2%-7.2%
    1/13/20264.2%-0.0%3.7%
    10/14/20254.6%4.6%1.0%
    7/15/2025-1.5%1.1%-6.3%
    4/11/2025-0.4%4.5%13.8%
    1/15/20254.8%10.2%10.8%
    10/11/20246.6%22.8%37.6%
    7/12/20243.5%16.9%6.8%
    4/12/20241.1%1.5%6.3%
    1/12/20241.1%6.0%1.1%
    10/13/20230.8%-2.2%6.9%
    7/14/20235.4%12.4%14.2%
    4/17/20231.8%4.9%-2.8%
    1/13/2023-1.9%-3.2%-1.8%
    10/14/20223.8%3.7%9.5%
    10/18/20213.7%-2.6%3.2%
    7/15/2021-1.3%-0.9%0.3%
    4/19/20210.3%-2.2%9.6%
    1/22/2021-0.1%-3.0%-0.2%
    10/22/20201.5%2.5%25.3%
    SUMMARY STATS   
    # Positive141216
    # Negative795
    Median Positive3.6%4.7%6.9%
    Median Negative-1.5%-2.2%-2.8%
    Max Positive6.6%22.8%37.6%
    Max Negative-3.2%-3.2%-7.2%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    03/31/202605/07/202610-Q
    12/31/202503/04/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/07/202510-Q
    12/31/202403/07/202510-K
    09/30/202411/12/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/07/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/10/202310-K
    09/30/202211/10/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    03/31/202605/07/202610-Q
    12/31/202503/04/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/07/202510-Q
    12/31/202403/07/202510-K
    09/30/202411/12/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/07/202410-K
    09/30/202311/08/202310-Q
    06/30/202308/08/202310-Q
    03/31/202305/10/202310-Q
    12/31/202203/10/202310-K
    09/30/202211/10/202210-Q
    06/30/202208/10/202210-Q
    03/31/202205/10/202210-Q
    12/31/202103/11/202210-K
    09/30/202111/04/202110-Q
    06/30/202108/05/202110-Q
    03/31/202105/05/202110-Q
    12/31/202003/25/202110-K
    09/30/202011/04/202010-Q
    06/30/202008/06/202010-Q
    03/31/202005/05/202010-Q
    12/31/201903/04/202010-K
    09/30/201911/05/201910-Q

    Insider Activity

    Updated 9/4/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Boyan, GeorgePresidentDirectSell904202659.166,504384,7921,479,945Form
    2Boyan, GeorgePresidentDirectSell904202659.1184549,9451,862,975Form
    3Brody, Mark SDirectSell529202655.231,60088,3766,288,726Form
    4Gross, Mary EDirectSell420202656.012,075116,2211,035,011Form
    5Dallas, Robert H IIDirectSell316202649.607,725383,1601,590,821Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Boyan, GeorgePresidentDirectSell904202659.166,504384,7921,479,945Form
    2Boyan, GeorgePresidentDirectSell904202659.1184549,9451,862,975Form
    3Brody, Mark SDirectSell529202655.231,60088,3766,288,726Form
    4Gross, Mary EDirectSell420202656.012,075116,2211,035,011Form
    5Dallas, Robert H IIDirectSell316202649.607,725383,1601,590,821Form
    6Dallas, Robert H IIDirectSell316202649.707,088352,2741,977,961Form
    7Hughes, James ACEODirectSell219202654.501,50081,7509,429,208Form
    8Donovan, James JosephChief Lending Officer/FSVPDirectSell129202652.11265  Form
    9Kim, MinsuChief Credit Officer/SVPDirectSell116202656.1375042,09844,399Form
    10Geraci, VincentDirector Mortgage Lending/FSVPDirectSell116202655.381,573  Form
    11Donovan, James JosephChief Lending Officer/FSVPDirectSell115202656.07777  Form
    12Gross, Mary EDirectSell1215202554.503,300179,8501,007,106Form
    13Donovan, James JosephChief Lending Officer/FSVPDirectSell1023202548.30167  Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 9/20/2026