Donald E. Souders, Jr.
On February 26, 2025, Donald E. Souders, Jr. notified Unity Bancorp Inc. (“the Company”) of his resignation from the Board of Directors of the Company and Unity Bank, (the “Bank”) effective February 26, 2025.
Highest-materiality recent filing
Unity Bancorp declares $0.16 quarterly dividend payable June 18
Cash dividend of $0.16 per common share declared.
Unity Bancorp shareholders elect all five director nominees and ratify auditor at annual meeting
All five director nominees (Boyan, Courtright, D.D. Dallas, R.H. Dallas, Maricondo) elected with 'For' votes ranging from 6.5M to 6.9M.
Unity Bancorp reports FY2025 EPS $5.67, Q1 2026 EPS $1.40; nonaccrual assets double
FY2025 net income $57.95M ($5.67 diluted EPS) vs $41.45M ($4.06) in FY2024; ROAA 2.17%.
Unity Bancorp reports Q1 2026 earnings; no specifics in filing body
Press release dated April 14, 2026, discloses Q1 2026 results.
Unity Bancorp declares $0.16 quarterly dividend, a 7% increase
Cash dividend of $0.16 per share, up 7% from prior quarter.
Unity Bancorp announces Q4 and full-year 2025 earnings; financial figures not disclosed in filing
Press release issued on January 13, 2026 covering Q4 and twelve months ended December 31, 2025.
Unity Bancorp amends deferred comp plan to variable interest rate on installment payouts
Interest rate on installment payouts changed to Prime + 1%, with 4% floor and 10% cap, from fixed rate.
Unity Bancorp declares $0.15 Q4 dividend, payable Dec 19, 2025
Cash dividend of $0.15 per common share declared for Q4 2025.
Unity Bancorp promotes George Boyan to President, James Davies to CFO effective Jan 1, 2026
George Boyan, current EVP and CFO, becomes President and joins the Boards of Unity Bancorp and Unity Bank.
Unity Bancorp reports Q3 2025 results; no financial details in filing
Press release for the three and nine months ended September 30, 2025 issued October 14, 2025.
Unity Bancorp declares $0.15 quarterly dividend, 7% increase
Q3 cash dividend of $0.15 per share, a 7% increase from prior quarter.
Unity Bancorp announces Q2 2025 results; filing lacks exhibit details
Press release issued on July 15, 2025 covering Q2 and H1 2025 results.
Unity Bancorp declares $0.14 per share cash dividend for Q2 2025
Declared a cash dividend of $0.14 per common share.
Unity Bancorp shareholders elect three directors, ratify auditor at 2025 annual meeting
6,820,086 shares were present or represented by proxy at the April 24, 2025 annual meeting.
Unity Bancorp reports FY2024 net income $41.5M (+4.4% YoY) and Q1 2025 EPS $1.13
FY2024 net income $41.45M ($4.06 diluted EPS) vs $39.71M ($3.84) in FY2023; net interest margin improved to 4.16%.
Unity Bancorp reports Q1 2025 results; press release content not provided in 8-K text
Press release issued April 11, 2025 for quarter ended March 31, 2025.
Director Donald E. Souders Jr. resigns from Unity Bancorp board effective Feb 26
Donald E. Souders, Jr. resigned from Unity Bancorp and Unity Bank boards effective Feb 26, 2025.
Unity Bancorp raises quarterly dividend 8% to $0.14/share; payable March 28
Board declared $0.14 per common share cash dividend, up from $0.13 in prior quarter (8% increase).
Unity Bancorp reports quarterly earnings; detailed results not available in filing excerpt
The 8-K references a January 15, 2025 press release for Q4 and full year 2024 results, but the press release text was not included in the provided filing excerpt.
Unity Bancorp declares $0.13/share cash dividend payable Dec 31, 2024
Cash dividend of $0.13 per common share declared by board.
Unity Bancorp reports 9-month results ended Sept 30, 2024; filing lacks specifics
Press release issued October 11, 2024 for nine months ended September 30, 2024.
Unity Bancorp declares $0.13/share cash dividend payable Sept 20, 2024
Cash dividend of $0.13 per common share declared by Board of Directors.
Unity Bancorp enters new change-in-control agreement with Chief Lending Officer Donovan
Agreement dated Aug 5, 2024 supersedes prior May 2023 CIC agreement for James Donovan, First SVP and Chief Lending Officer.
Unity Bancorp approves new share repurchase program for up to 500,000 shares (~5% of outstanding)
Board authorized repurchase of up to 500,000 shares (~5% of outstanding common stock).
Unity Bancorp announces six-month results for June 30, 2024; no specific figures in filing text
Press release issued July 12, 2024 for period ended June 30, 2024.
Unity Bancorp declares $0.13 per share quarterly dividend payable June 21, 2024
Dividend of $0.13 per common share declared by Board of Directors.
Unity Bancorp CEO reaffirms ~15% dividend payout target, notes headcount reduction at annual meeting
CEO James A. Hughes stated dividend payout target is typically around 15% to grow book value.
Unity Bancorp shareholders elect directors, ratify auditor, approve say-on-pay
Dr. Mark S. Brody, Raj Patel, Donald E. Souders Jr. elected as directors with 7,249,496, 7,826,377, 6,906,625 votes For, respectively.
Unity Bancorp reports Q1 2024 results; press release not provided in filing
Eighth-K filed April 12, 2024 for quarter ended March 31, 2024.
On February 26, 2025, Donald E. Souders, Jr. notified Unity Bancorp Inc. (“the Company”) of his resignation from the Board of Directors of the Company and Unity Bank, (the “Bank”) effective February 26, 2025.
Max materiality 0.75 · Median 0.30 · Most common event earnings