Form 8-K

8-K — UNITY BANCORP INC /NJ/

Accession: 0000920427-26-000031

Filed: 2026-04-22

Period: 2026-04-22

CIK: 0000920427

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — unty-20260422x8k.htm (Primary)

EX-99.1 (unty-20260422xex99d1.htm)

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8-K

8-K (Primary)

Filename: unty-20260422x8k.htm · Sequence: 1

UNITY BANCORP, INC._April 22, 2026

0000920427false00009204272025-04-232025-04-23

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

April 22, 2026

Date of Report (Date of earliest event reported)

UNITY BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

New Jersey

(State or Other Jurisdiction of Incorporation)

1-12431

22-3282551

(Commission File Number)

(IRS Employer Identification No.)

64 Old Highway 22

Clinton, NJ 08809

(Address of Principal Executive Office)

(908) 730-7630

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock

UNTY

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

Attached as Exhibit 99.1 is a copy of the presentation, which will be made by James A. Hughes, President and CEO, at the Company’s Annual Meeting of Shareholders on April 23, 2026, the full text of which is incorporated by reference in response to this item.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit 99.1

Annual Meeting of Shareholders’ Presentation held on April 23, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

UNITY BANCORP, INC.

(Registrant)

Date: April 22, 2026

By:

/s/ James Davies

James Davies

First Senior Vice President and Chief Financial Officer

EX-99.1

Filename: unty-20260422xex99d1.htm · Sequence: 2

Exhibit 99.1

2026 Shareholders’ Meeting

April 23, 2026

2025 vs. 2024 Results

Net income

Net income (in thousands) $ 57,951 $ 41,450

Net income per common share - Diluted 5.67 4.06

Operating Ratios

Return on average assets 2.17 % 1.68 %

Return on average equity 18.07 14.99

Net interest margin 4.52 4.16

Noninterest expense / average assets 1.96 1.98

Efficiency Ratio * 41.48 % 45.77 %

FY 2025 FY 2024

*The efficiency ratio is a non-GAAP measure, calculated based on the noninterest expense divided by the sum of net interest income plus non interest

income, excluding net gains and losses on securities.

st Quarter Results

*The efficiency ratio is a non-GAAP measure, calculated based on the noninterest expense divided by the sum of net interest income plus non interest

income, excluding net gains and losses on securities.

Net income

Net income (in thousands) $ 14,288 $ 15,472

Net income per common share - Diluted 1.40 1.52

Operating Ratios

Return on average assets 2.04 % 2.20 %

Return on average equity 16.38 18.08

Net interest margin 4.53 4.60

Noninterest expense / average assets 2.01 1.89

Efficiency Ratio* 41.77 % 39.52 %

1Q2026 4Q2025

Unity Bank’s Footprint

22 Unity Full-Service Branch Locations

New Jersey

Bergen County:

1) Emerson, NJ - O

2) Fort Lee, NJ - L

Hunterdon County:

3) Clinton, NJ - O

4) Flemington, NJ - O

5) Whitehouse Station, NJ - O

Middlesex County:

6) Edison, NJ - O

7) Highland Park, NJ - O

8) Middlesex, NJ - O

9) South Plainfield, NJ - O

Morris County:

10) Parsippany, NJ – O

11) Madison, NJ - L

Ocean County:

12) Lakewood, NJ - L

Somerset County:

13) North Plainfield, NJ - O

14) Somerset, NJ - L

15) Somerville, NJ - O

Union County:

16) Linden, NJ - O

17) Scotch Plains, NJ - O

18) Union, NJ - L

Warren County:

19) Phillipsburg, NJ - L

20) Washington, NJ - O

Pennsylvania

Northampton County:

21) Bethlehem, PA - L

22) Forks, PA - L

O – Owned

L – Leased

*Madison, NJ branch is a new branch, opened in 2025.

Loan and Deposit Growth

(dollars in thousands, except percentages)

Loans Held for Sale $ 9,490 $ 12,163 (22.0) %

SBA 34,259 38,309 (10.6)

Commercial 1,518,032 1,281,436 18.5

Commercial Construction 147,215 130,193 13.1

Residential Mortgage 677,221 630,927 7.3

Consumer 85,219 76,711 11.1

Residential Construction 73,277 90,918 (19.4)

Total Gross Loans $ 2,544,713 $ 2,260,657 12.6 %

Noninterest-bearing DDA $ 465,596 $ 440,803 5.6 %

Interest-bearing DDA 369,131 321,780 14.7

Savings 535,044 491,175 8.9

Time Deposits 680,087 628,624 8.2

Brokered Deposits 274,203 217,931 25.8

Total Deposits $ 2,324,061 $ 2,100,313 10.7 %

2025 2024 % Change

Asset Quality Remains Stable

Net Charge-Offs/ Avg Loans (%)

0.06

0.07

0.09

0.07

0.05

2021 2022 2023 2024 2025

Nonaccrual Assets/Total Assets (%)

0.48

0.37

0.74

0.57

1.06

2021 2022 2023 2024 2025

9,686 9,065 19,186 15,046 31,308

Nonaccrual Assets ($000)

2021 2022 2023 2024 2025

984 1,265 2,021 1,473 1,145

Net Charge-Offs ($000)

Summary Income Statement

(dollars in thousands)

1) Noninterest income includes $5.2M pertaining to one-time Net Security Gains.

2025 2024

Net Interest Income $ 117,033 $ 98,611 18.7 %

Provision for Credit Losses 3,941 3,949 (0.2)

Noninterest Income (1)

14,779 8,469 74.5

Noninterest Expense 52,359 48,741 7.4

Provision for Income Taxes 17,561 12,940 35.7

Net Income $ 57,951 $ 41,450 39.8 %

Diluted Earnings Per Share $ 5.67 $ 4.06 39.7 %

% Change

Net Interest Margin

4.58%

4.92%

6.13%

6.57% 6.71%

4.16%

4.40%

4.06% 4.16%

4.52%

0.45%

0.56%

2.24%

2.65% 2.44%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

2021 2022 2023 2024 2025

Yield on Earning Assets Net Interest Margin Cost of Funds

Noninterest Income – Area of Focus

(dollars in thousands)

Branch fee income $ 1,836 $ 1,391 32.0 %

Service and loan fee income 2,712 2,165 25.3

Gain on sale of SBA loans held for sale, net 705 660 6.8

Gain on sale of mortgage loans, net 1,527 1,488 2.6

BOLI income 774 544 42.3

Net security gains (1)

5,596 586 *NM

Other income 1,629 1,635 (0.4)

Total Noninterest Income $ 14,779 $ 8,469 74.5 %

2025 2024 % Change

1) Net Security Gains includes $5.2M pertaining to one-time sales.

*NM = Not Meaningful

Noninterest Expense

(dollars in thousands)

Compensation $ 28,080 $ 25,166 %

Benefits 4,106 4,583

Processing and communications 4,193 3,473

Occupancy 3,407 3,184

Furniture and equipment 3,224 3,140

Professional services 1,758 1,683

Advertising 1,682 1,611

Loan related expenses 888 1,138

Deposit insurance 1,174 1,100

Director fees 1,293 956

Other expenses 2,554 2,707

Total Noninterest Expense $ 52,359 $ 48,741 %

2025 2024 % Change

11.6

20.7

(10.4)

7.0

2.7

4.5

4.4

7.4

(22.0)

6.7

35.3

(5.7)

Consistent Book Value Growth

$19.80

$22.60

$25.98

$29.48

$34.63 $26.25 $27.33

$29.59

$43.61

$51.72

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

2021 2022 2023 2024 2025

Book Value Per Share Stock Price

Unity’s Strategy & Vision

Diversified Business Model

Experienced & Proven Management Team

High Levels of Management & Board Stock Ownership

Best In Class Financial Performance

Strong Capital Management Practices

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v3.26.1

Document and Entity Information

Apr. 23, 2025

Cover [Abstract]

Document Type

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Document Period End Date

Apr. 22, 2026

Securities Act File Number

1-12431

Entity Registrant Name

UNITY BANCORP, INC.

Entity Incorporation, State or Country Code

Entity Tax Identification Number

22-3282551

Entity Address, Address Line One

64 Old Highway 22

Entity Address, City or Town

Clinton

Entity Address, State or Province

Entity Address, Postal Zip Code

08809

City Area Code

908

Local Phone Number

730-7630

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