Unity Bancorp, Inc.
- Open
- 59.02
- Day high
- 59.73
- Day low
- 58.70
- Prev close
- 58.69
- Volume
- 18K
- Mkt cap
- $597M
- P/E (TTM)
- 9.8
- EPS (TTM)
- $6.05
- P/B
- 1.7
- P/S
- 2.8
- Yield
- 0.54%
- Per share
- $0.32
- ▼Insiders net selling -$205K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Unity Bancorp, Inc. (UNTY) is a Financial Services company listed on NASDAQ. The stock is up 21% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Unity Bancorp, Inc. (UNTY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UNTY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 13, 2026 | $1.37 | $1.40 | +2.2% | $34M | +0.0% |
| Mar 4, 2026 | — | $1.52 | — | $50M | — |
| Oct 14, 2025 | $1.28 | $1.33 | +3.9% | $49M | +54.7% |
| Apr 11, 2025 | $1.12 | $1.13 | +0.9% | $29M | -1.0% |
| Mar 7, 2025 | — | $1.13 | — | $42M | — |
| Jul 12, 2024 | $0.92 | $0.93 | +1.1% | $25M | -3.2% |
| Apr 12, 2024 | $0.90 | $0.93 | +3.3% | $26M | -0.3% |
| Mar 7, 2024 | — | $0.96 | — | $40M | — |
| Jul 14, 2023 | $0.91 | $0.95 | +4.4% | $26M | +3.0% |
| Apr 17, 2023 | $0.91 | $0.96 | +5.5% | $25M | -1.5% |
| Jan 30, 2023 | $0.98 | $0.93 | -5.1% | $32M | — |
| Jul 14, 2022 | $0.86 | $0.88 | +2.3% | $24M | +4.1% |
UNTY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | Sharabba Daniel Cofficer: Chief Retail Officer/SVP | Tax | 90 | $55.45 |
| May 29, 2026 | BRODY MARK Sdirector | Option | 1,600 | $15.70 |
| May 29, 2026 | BRODY MARK Sdirector | Sell | 1,600 | $55.23 |
| May 20, 2026 | Donovan James Josephofficer: Chief Lending Officer/FSVP | Tax | 69 | $52.43 |
| Apr 20, 2026 | Gross Mary E.director | Sell | 2,075 | $56.01 |
| Mar 17, 2026 | Boyan Georgedirector, officer: President | Tax | 1,085 | $50.01 |
| Mar 17, 2026 | HUGHES JAMES Adirector, officer: CEO | Tax | 1,819 | $50.01 |
| Mar 17, 2026 | Boyan Georgedirector, officer: President | Tax | 995 | $50.01 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 3,048 | $19.75 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Sell | 7,725 | $49.60 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 3,000 | $18.77 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 6,600 | $22.57 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 4,000 | $17.55 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 500 | $15.70 |
| Mar 16, 2026 | DALLAS ROBERT H IIdirector, 10 percent owner: | Option | 152 | $19.75 |
Source: UNTY SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full UNTY insider & 13F page →Unity Bancorp, Inc. company profile
Overview
Unity Bancorp, Inc. (NASDAQ:UNTY) is a regional bank holding company that operates Unity Bank, serving customers across New Jersey and eastern Pennsylvania. Founded in 1991 and publicly traded since 1997, the company has grown from a small community bank to a regional financial institution with 19 branch locations. Unity Bank focuses on providing traditional banking services to individuals, small and medium-sized businesses, and professional communities in its geographic footprint, which includes Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania.
Business
Unity Bancorp operates as a traditional regional bank through its subsidiary Unity Bank, providing comprehensive banking services in the highly regulated financial services industry. Regional banks like Unity serve as intermediaries between depositors and borrowers, taking in customer deposits and lending those funds to individuals and businesses at higher interest rates than they pay on deposits. The company's core offerings include deposit products such as personal and business checking accounts, savings accounts, money market accounts, and certificates of deposit (time deposits). These products allow customers to safely store their money while earning modest returns, and they provide the bank with the capital base needed for lending operations. On the lending side, Unity Bank provides various loan products including commercial loans for businesses, Small Business Administration (SBA) loans which are partially guaranteed by the federal government, residential mortgages for home purchases, home equity lines of credit and loans, residential construction financing, and personal consumer loans. The bank also offers online banking services and operates through its network of physical branch locations to serve customers who prefer in-person banking relationships. As a regional bank, Unity operates in the traditional banking model where the primary revenue driver is net interest income - the difference between what the bank earns on loans and investments versus what it pays on deposits and borrowed funds. The company also generates fee income from various banking services, though this represents a smaller portion of total revenue compared to interest income.
Revenue model
Unity Bancorp generates revenue primarily through the traditional banking model of net interest income, which accounted for the vast majority of its $156 million in total revenue for 2024. The bank collects deposits from customers at relatively low interest rates and lends those funds at higher rates to borrowers, capturing the spread as profit. This interest rate spread, known as net interest margin, is the fundamental driver of profitability for regional banks. The bank's customers include individual consumers seeking personal banking services, small and medium-sized businesses requiring commercial loans and business banking services, and professional communities needing specialized financial products. Unity also originates SBA loans, which carry government guarantees that reduce credit risk and often provide attractive yields. Secondary revenue streams include fee income from banking services such as account maintenance fees, loan origination fees, and other service charges, though these represent a smaller portion of total revenue compared to interest income. Several factors can significantly impact Unity's profitability margins. Rising interest rates generally benefit banks by allowing them to charge higher rates on new loans while deposit rates typically lag, expanding net interest margins. Conversely, falling rates can compress margins. Credit quality is crucial - economic downturns that lead to loan defaults directly impact profitability through increased provisions for credit losses. Competition from larger banks, credit unions, and fintech companies can pressure both deposit rates and loan pricing. Regulatory changes in banking rules, capital requirements, or compliance costs can also affect operating margins. The bank's geographic concentration in New Jersey and eastern Pennsylvania means local economic conditions, particularly in commercial real estate and small business sectors, have outsized influence on performance.
Competitive moat
Unity Bancorp operates in the highly competitive regional banking sector with limited structural competitive advantages or moats. The company's primary defensive characteristics stem from its established relationships with local customers and businesses in its New Jersey and eastern Pennsylvania markets, where personal relationships and local knowledge can provide some competitive advantage over larger, more impersonal national banks. The bank benefits from regulatory barriers to entry in banking, as starting a new bank requires significant capital and regulatory approval. Additionally, customer switching costs exist due to the inconvenience of changing banking relationships, particularly for small businesses with established lending relationships and multiple account services. However, Unity's moat is relatively weak compared to companies in other industries. The banking sector faces intense competition from larger regional and national banks that can offer better rates and more sophisticated services, credit unions that operate with tax advantages, and increasingly from fintech companies that provide digital-first banking solutions. The commoditized nature of basic banking services means that customers can easily compare rates and switch providers for better terms. The company's small size relative to major competitors limits its ability to invest in technology and offer the full range of sophisticated financial products that larger institutions provide. Unity's geographic concentration, while providing local market knowledge, also creates vulnerability to regional economic downturns and limits diversification benefits. The threat of disruption from digital banking platforms and fintech lenders continues to grow, particularly among younger customers who are less attached to traditional branch-based banking relationships.
Risks & safety
Unity Bancorp demonstrates a moderate margin of safety with mixed financial health indicators that require careful monitoring. • **Liquidity and Solvency**: The bank maintains strong liquidity with $180 million in cash and short-term investments as of Q4 2024, representing about 7% of total assets. However, the debt-to-equity ratio of 0.78 indicates moderate leverage typical for regional banks. • **Profitability Trends**: Net income of $41.4 million for 2024 represents solid profitability with a return on equity of 14%, though this has declined from 16% in 2022, indicating some pressure on returns. • **Valuation Metrics**: Trading at a P/E ratio of 10.6 and price-to-book ratio of 1.48, the stock appears reasonably valued relative to earnings and book value, though not deeply discounted. • **Cash Generation**: Strong operating cash flow of $48 million and free cash flow of $47 million in 2024 indicate healthy cash generation capabilities. • **Asset Quality Concerns**: The current ratio has deteriorated significantly from 185.9 in 2022 to 0.08 in 2024, suggesting potential liquidity management issues that warrant monitoring. • **Capital Adequacy**: As a regulated bank, Unity must maintain minimum capital ratios, and the moderate debt levels suggest adequate capitalization, though specific regulatory capital ratios would need verification.
Recent development
Based on the available financial data, Unity Bancorp has experienced significant growth and operational changes over the past few years. The most notable development has been substantial asset growth, with total assets increasing from $2.44 billion in 2022 to $2.65 billion by the end of 2024, representing an 8.5% increase over two years. The bank has also dramatically improved its liquidity position, increasing cash and short-term investments from $115 million in 2022 to $180 million in 2024. This 57% increase in liquid assets suggests a more conservative approach to balance sheet management, possibly in response to the challenging interest rate environment and banking sector stress experienced in 2023. Revenue growth has been strong, with total revenue increasing from $98 million in 2022 to $156 million in 2024, a 59% increase over two years. However, this growth appears to have come with some operational challenges, as evidenced by the deterioration in current ratios and changes in the balance sheet structure. The bank has maintained consistent profitability throughout this growth period, with net income remaining relatively stable around $38-41 million annually. The return on equity has moderated from 16% in 2022 to 14% in 2024, suggesting that while the bank is growing, it's becoming slightly less efficient at generating returns on shareholder equity. Without access to earnings call transcripts, specific strategic initiatives, new product launches, or management commentary on strategic direction are not available. However, the financial trends suggest Unity has been focused on balance sheet growth while maintaining conservative liquidity management during a period of banking sector uncertainty.
UNTY company profile · for informational purposes only — not investment advice.
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