---
schema_version: "secwatch.filing_event.v1"
accession: "0000920427-25-000034"
form_type: "8-K"
ticker: "UNTY"
cik: "0000920427"
company_name: "UNITY BANCORP INC /NJ/"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:48:51.618042+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000920427-25-000034
- form_type: 8-K
- ticker: UNTY
- cik: 0000920427
- company_name: UNITY BANCORP INC /NJ/
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920427/000092042725000034/0000920427-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920427/000092042725000034/unty-20250423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000920427-25-000034
- JSON: https://secwatch.observer/filing/0000920427-25-000034.json
- Plain text: https://secwatch.observer/filing/0000920427-25-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.