Unity Bancorp, Inc. (NASDAQ: UNTY) announced a 6% increase in its third-quarter cash dividend, setting the payout at $0.17 per common share. The dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026.

The board’s decision underscores the company’s focus on returning capital to investors while maintaining a robust capital position. Unity Bancorp manages approximately $3.2 billion in assets and holds $2.5 billion in deposits, providing a stable funding base for its operations.

Executive Commentary

James A. Hughes, CEO of Unity Bancorp, attributed the dividend hike to the firm’s financial strength and disciplined balance sheet management. He emphasized the company’s commitment to delivering consistent shareholder value while supporting sustainable growth across its community-focused branches.

Operational Overview

Unity Bank, the wholly owned subsidiary, serves retail, corporate, and small business customers through a network spanning eight counties in New Jersey and one in Pennsylvania. The bank continues to prioritize asset quality and regulatory compliance amidst evolving economic conditions.

Unity Bancorp reported net income of $14.5 million, or $1.42 per diluted share, for the quarter ended June 30, 2026. This compares to net income of $14.3 million, or $1.40 per diluted share, for the quarter ended March 31, 2026. The company delivered a return on average assets of 2.01% and a return on average equity of 15.86% for the quarter.

Financial Performance

For the six months ended June 30, 2026, Unity Bancorp reported net income of $28.8 million, or $2.82 per diluted share. This is an increase from net income of $28.1 million, or $2.74 per diluted share, for the six months ended June 30, 2025. The company’s net interest margin stood at 4.56% for the quarter.

Operational Highlights

James A. Hughes, CEO, attributed the results to the strength of the company’s relationship-based banking model. He highlighted balanced loan and deposit growth, robust capital levels, and strong core operating performance. Despite macroeconomic uncertainty, Hughes noted the resilience of the New Jersey economy and housing market, which supported credit performance and demand for banking services.

Unity Bancorp, Inc. is the parent company of Unity Bank. Headquartered in Clinton, New Jersey, the organization has approximately $3.2 billion in assets and $2.5 billion in deposits.