Unity Bancorp, Inc. (NASDAQ: UNTY) announced on Oct. 14 2025 that it earned net income of $14.4 million, or $1.41 per diluted share, for the third quarter ended September 30 2025. The company’s earnings release, issued via GlobeNewswire, details the quarter’s financial performance and highlights a net interest margin of 4.54%, up 5 basis points from the prior period.
The quarter saw loan growth of $85.9 million, a 3.6% increase, and deposit growth of $80.1 million, a 3.7% rise. Unity’s return on average assets climbed to 2.11% and return on average equity reached 17.41%. These metrics underscore the bank’s continued balance‑sheet expansion and profitability in a competitive regional market.
A one‑time event contributed $0.8 million to net income: Unity converted the remainder of its debt position in Patriot National Bancorp, Inc. into approximately 2.7 million restricted common shares, which remain restricted until registered. Excluding this event, the company reported non‑GAAP net income of $13.6 million, or $1.33 per diluted share, reflecting a 2.00% return on average assets and a 16.49% return on average equity.
The earnings release also noted the opening of Unity Bank’s 22nd branch in Madison, New Jersey, reinforcing the company’s commitment to expanding its physical footprint. Management expressed confidence in its ability to grow loans and deposits in tandem at mid‑to‑high single‑digit rates, positioning Unity for continued momentum and long‑term shareholder value.
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