Core Insights - Unity Bancorp, Inc. reported a net income of $14.4 million, or $1.41 per diluted share, for Q3 2025, a decrease from $16.5 million, or $1.61 per diluted share in Q2 2025. For the first nine months of 2025, net income was $42.5 million, or $4.15 per diluted share, compared to $29.9 million, or $2.94 per diluted share for the same period in 2024 [1][2][4] Financial Performance - The company achieved a return on average assets of 2.11% and a return on average equity of 17.41% for the quarter [2] - The net interest margin expanded by 5 basis points to 4.54%, indicating improved profitability in a changing rate environment [2] - Excluding a one-time event related to the conversion of debt into common shares, the non-GAAP net income was $13.6 million, or $1.33 per diluted share, with a return on average assets of 2.00% and return on average equity of 16.49% [4] Growth Strategies - Loans increased by $85.9 million, or 3.6%, and deposits grew by $80.1 million, or 3.7% during the third quarter, reflecting the company's organic balance sheet growth strategies [3] - The company aims to grow loans and deposits at a mid-to-high single-digit rate, positioning itself well for future growth [3] Strategic Developments - Unity Bancorp opened its 22nd branch in Madison, NJ, enhancing its commitment to local communities and personalized banking solutions [5] - The company converted its remaining debt position in Patriot National Bancorp, Inc. into approximately 2.7 million restricted common shares, contributing $0.8 million to net income for the quarter [4] Company Overview - Unity Bancorp, Inc. is headquartered in Clinton, New Jersey, with approximately $2.9 billion in assets and $2.3 billion in deposits [6] - The company provides financial services through a robust branch network across several counties in New Jersey and Pennsylvania [6]