secwatch.observer — SEC 8-K summary
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Issuer:     UNITY BANCORP INC /NJ/ (UNTY)
CIK:        0000920427
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000920427-25-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920427/000092042725000034/0000920427-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920427/000092042725000034/unty-20250423x8k.htm
  HTML page:      https://secwatch.observer/filing/0000920427-25-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer