Unity Bancorp FY25 net income surged 40% driven by 12.6% loan growth.

Unity Bancorp reported Q4 2025 net income of $15.5 million, or $1.52 per diluted share, up from $14.4 million in Q3 2025. For the full year, net income was $58.0 million, or $5.67 per diluted share, a significant increase from $41.5 million, or $4.06 per diluted share, in fiscal 2024.

Key Highlights

• Full-year gross loan growth was strong, increasing 12.6% to $2.54 billion, while total deposits grew 10.7% to $2.32 billion over the same period.
• Net interest margin expanded by 6 basis points sequentially to 4.60% in Q4, attributed to a declining rate on interest-bearing liabilities.
• Credit quality showed some stress as nonaccrual assets rose to $31.3 million from $20.5 million in Q3, driven by a single $15.5 million commercial real estate relationship moving to nonaccrual status.