Unity Bancorp, Inc.

Unity Bancorp, Inc. reported strong financial results for fiscal year 2025, with net income of $58.0 million, a significant increase from $41.5 million in 2024. This performance was driven by robust net interest income of $117.0 million, up from $98.6 million the prior year, and a substantial increase in total noninterest income to $14.8 million from $8.5 million. The company's loan portfolio grew to $2.54 billion, supported by a net increase in deposits of $223.7 million. Key profitability metrics improved, with return on average assets at 2.17% and return on average equity at 18.07%. The company maintained strong capital ratios, with a total risk-based capital ratio of 16.12% for the consolidated entity. Asset quality metrics showed an allowance for credit losses of $32.3 million, covering 108.40% of nonaccrual loans.

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