Unity Bancorp reports FY2024 net income $41.5M (+4.4% YoY) and Q1 2025 EPS $1.13

UNITY BANCORP INC /NJ/

2025-Q1 EPS reported $1.13 vs consensus $1.15 ▼ miss (-1.6%)

FY2024 net income $41.45M ($4.06 diluted EPS) vs $39.71M ($3.84) in FY2023; net interest margin improved to 4.16%.
Q1 2025 net income $11.60M ($1.13 EPS) with ROA 1.83% and NIM 4.46%.
Total gross loans grew 4.1% YoY to $2.26B; total deposits up 9.2% to $2.10B.
Asset quality strong: net charge-offs 0.07% in FY2024 and 0.09% annualized in Q1 2025.
Book value per share rose from $25.98 (FY2023) to $29.48 (FY2024), reflecting consistent growth.

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