reports
Unity Bancorp Reports Quarterly Earnings of $11.6 Million
Unity Bancorp Reports Quarterly Earnings of $11.6 Million CLINTON, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $11.6 million, or $1.13 per diluted share, for the quarter ended March 31, 2025, compared to net income of $11.5 million, or $1.13 per diluted share for the quarter ended December 31, 2024. This represents a 0.8% increase in net income. James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another strong quarter for Unity Bancorp, Inc. We earned $11...
Unity Bancorp Announces 8% Increase in First Quarter Dividend
Unity Bancorp Announces 8% Increase in First Quarter Dividend CLINTON, N.J., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.14 per common share. Such dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025. This represents an 8% increase from the $0.13 dividend per common share paid in the prior quarter. “Consistent with the past several years, we are pleased to announce an increase in our dividend payout, a true testament to our rob...
Unity Bancorp Inc: 1 director
A director at Unity Bancorp Inc sold 1,811 shares at 50.820USD and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
Unity Bancorp Reports Quarterly Earnings of $11.5 Million and Full Yea...
Unity Bancorp Reports Quarterly Earnings of $11.5 Million and Full Year Earnings of $41.5 Million CLINTON, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $11.5 million, or $1.13 per diluted share, for the quarter ended December 31, 2024, compared to net income of $10.9 million, or $1.07 per diluted share for the quarter ended September 30, 2024. This represents a 5.5% increase in net income and a 5.6% increase in net income per diluted share. For the twelve months ended December 31, 2024, Unity Bancorp repor...
Unity Bank Expands Sustainability Commitment with New EV Charging Stat...
Unity Bank Expands Sustainability Commitment with New EV Charging Stations Charge your car while you charge up with a cup of coffee CLINTON, N.J., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Start your journey with a boost – for both you and your electric vehicle – at Unity Bank’s new EV charging stations, now open to the public at its Clinton, New Jersey headquarters. The stations can accommodate up to four vehicles and are part of the Lynkwell charging network. EV drivers are invited to enjoy complimentary beverages from the Unity Bank café during business hours while their vehicles charge. Emp...
Unity Bank’s Amanda Roche Honored as a New Leader in Banking by NJ Ban...
Unity Bank’s Amanda Roche Honored as a New Leader in Banking by NJ Bankers Association Prestigious Recognition Celebrates Rising Stars in New Jersey’s Banking Industry CLINTON, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank proudly announces that Amanda Roche, Vice President and Finance Department Supervisor, has been recognized as a 2024 New Leader in Banking by the New Jersey Bankers Association (NJBankers). This esteemed award honors outstanding young professionals who are making significant contributions to the New Jersey banking sector. A resident of Long Valley, New Jersey, R...
Unity Bancorp Inc. Declares Cash Dividend
Unity Bancorp Inc. Declares Cash Dividend CLINTON, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on December 31, 2024, to shareholders of record as of December 13, 2024. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services...
Unity Bancorp Reports Quarterly Earnings of $10.9 Million
Unity Bancorp Reports Quarterly Earnings of $10.9 Million CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of $9.5 million, or $0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net income of $29.9 million, or $2.94 pe...
Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB S...
Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program Supporting Local Businesses Through Economic Challenges CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program. These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment. As a committed member of...
Unity Bank’s 18th Annual Classic Car Show to Benefit Family Promise Se...
Unity Bank’s 18th Annual Classic Car Show to Benefit Family Promise Seeks Registrants and Sponsors Join Unity Bank to support families in need CLINTON, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bank is inviting classic car owners and local businesses to participate in the 18th Annual Crusin’ Bob’s Classic Car Show, which will be held at the bank’s Clinton headquarters, 64 Old Highway 22 in Clinton, on Sunday, October 27th, from 10:00 a.m. to 2:00 p.m. The event will benefit Family Promise of Warren County and Family Promise of Hunterdon County, with all proceeds going directly to ...
Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 ...
Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion Unity Maintains Strong Ranking in Bank Director Magazine Listing CLINTON, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company, has once again been recognized in the prestigious Top 25 Banks ranking by magazine. Unity Bank is listed as the 13th best publicly traded bank in the nation and is 5th in Return on Assets (ROA) among banks with less than $5 billion in assets. This year's rankings reflect Unity Bank's continued progress, improving from its 2022 position of 21st ...
Unity Bancorp Inc. Declares Cash Dividend
Unity Bancorp Inc. Declares Cash Dividend CLINTON, N.J., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial service...
Unity Bancorp Inc. Announces New Share Repurchase Program
Unity Bancorp Inc. Announces New Share Repurchase Program CLINTON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up to 500,000 shares, or approximately 5.0% of its outstanding common stock. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the ...
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
Unity Bancorp Reports Quarterly Earnings of $9.5 Million CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income of $9.6 million, or $0.93 per diluted share for the quarter ended March 31, 2024. This represents a 1.4% decrease in net income and no change in net income per diluted share. For the six months ended June 30, 2024, Unity Bancorp reported net income of $19.0 million, or $1.86 per diluted share, co...
Unity Bancorp Declares Cash Dividend
Unity Bancorp Declares Cash Dividend CLINTON, N.J., May 16, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on June 21, 2024, to shareholders of record as of June 7, 2024. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, cor...
Unity Bancorp Reports Quarterly Earnings of $9.6 Million
Unity Bancorp Reports Quarterly Earnings of $9.6 Million CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of $9.8 million, or $0.96 per diluted share for the quarter ended December 31, 2023. This represents a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share. James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another str...
Unity Bancorp Announces 8% Increase in First Quarter Dividend
Unity Bancorp Announces 8% Increase in First Quarter Dividend CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024. This represents an 8% increase from the $0.12 dividend per common share paid in the prior quarter. “We are pleased to announce another increase in our dividend payout, a testament to our robust financial performance and our unwave...
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year...
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million CLINTON, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.8 million, or $0.96 per diluted share, for the quarter ended December 31, 2023, compared to net income of $9.9 million, or $0.97 per diluted share for the quarter ended September 30, 2023. This represents a 1.8% decrease in net income and a 1.0% decrease in net income per diluted share. For the twelve months ended December 31, 2023, the Company reported n...
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Uni...
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center Adult Day Care Center Also To Be Offered at Former Holiday Inn Property CLINTON, N.J., Dec. 21, 2023 (GLOBE NEWSWIRE) -- has provided a multimillion construction loan to Somerset County entrepreneur Gulshan Chhabra to develop a 122-unit assisted living and memory care residential facility and an adult day care center at the site of Clinton’s former Holiday Inn at 111 West Main Street, which closed during the COVID-19 pandemic. , which includes 12 affordable housing units for Cli...
Unity Bancorp Declares Cash Dividend
Unity Bancorp Declares Cash Dividend CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share. Such dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $1.9 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to...
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