Unity reported FY 2025 net income of USD 58.0 million (+39.8%), or USD 5.67 per diluted share (+39.7%). Return on average assets was 2.17% and return on average equity was 18.07%, while the effective tax rate was 23.3%. Net interest income rose to USD 117.0 million (+18.7%), with net interest margin at 4.52% (up 36 basis points) and net interest spread at 3.69% (up 40 basis points). Noninterest income was USD 14.8 million (+74.5%), driven primarily by net securities gains, including USD 1.7 million of unrealized gains and USD 3.5 million of realized gains on the Patriot National Bancorp, Inc. position. Noninterest expense totaled USD 52.4 million (+7.6%). Provision for credit losses for loans was USD 6.7 million. On the balance sheet, total assets were USD 3.0 billion at December 31, 2025 (+11.8%), with total gross loans of USD 2.5 billion (+12.6%) and total deposits of USD 2.3 billion (+10.7%); borrowed funds and subordinated debentures were USD 266.1 million. Unity also reported cash and cash equivalents of USD 216.5 million at year-end, and noted it purchased USD 8.0 million of federal tax credits for USD 7.5 million during Q4 FY 2025, generating USD 0.5 million in tax savings. Nonaccrual loans were USD 29.8 million at December 31, 2025, reflecting one USD 15.5 million well-secured commercial real estate relationship that migrated to nonaccrual status during the quarter.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000920427-26-000012), on March 04, 2026, and is solely responsible for the information contained therein.
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