<a href="https://laohu8.com/S/UNTY">Unity Bancorp</a> Inc. Reports Record <a href="https://laohu8.com/S/QTWO">Q2</a> Net Income of $16.5 Million, EPS of $1.61, Boosted by One-Time Gains
Unity Bancorp Inc., parent company of Unity Bank, reported net income of $16.5 million, or $1.61 per diluted share, for the quarter ended June 30, 2025. This reflects an increase from the previous quarter, which saw net income of $11.6 million, or $1.13 per diluted share. For the six months ended June 30, 2025, the company reported net income of $28.1 million, or $2.74 per diluted share, compared to $19.0 million, or $1.86 per diluted share, for the same period in 2024. The increase in net income for both the three and six months ended June 30, 2025, was partially attributed to one-time pre-tax gains of $3.5 million from the sale of securities and a $2.0 million release for credit losses on securities, related to Patriot National Bancorp, Inc. Excluding these one-time events, the company earned $12.2 million in net income, or $1.20 per diluted share, for the quarter, with a net interest margin expansion of 3 basis points to 4.49%. Unity Bancorp Inc. continues to provide financial services through its branch network in New Jersey and Pennsylvania, with assets totaling approximately $2.9 billion and deposits of $2.2 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unity Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9494234-en) on July 15, 2025, and is solely responsible for the information contained therein.
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