UNTY news

Unity Bancorp Inc. posted $17.4 million in net income, or $1.70 per diluted share, for Q3 2026, beating previous guidance. The bank reported strong financial results driven by net interest income growth and improved asset quality.

Unity Bancorp announced the death of founding director Bobby Dallas, a member of the board since inception and brother to the chairman. The company noted his instrumental role in guiding the firm from startup to one of New Jersey’s strongest independent banking franchises.

Unity Bancorp reported net income of $14.5 million for the second quarter of 2026, an increase over the prior year. The financial institution posted strong returns on assets and equity, highlighting resilience in the current economic climate.

Unity Bancorp's Board declared a quarterly cash dividend of $0.16 per common share for shareholders of record as of June 4, 2026. The dividend announcement reflects the company's capital management strategy for its $3.0 billion asset base.