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

July 14, 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 2.02 Results of Operations and Financial Condition

The Registrant issued a press release on July 14, 2026 announcing results for the six months ended June 30, 2026, the full text of which is incorporated by reference to this Item.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


Exhibit 99.1	Press release issued by the Registrant on July 14, 2026.
Exhibit 104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: July 14, 2026
	By:	/s/ James Davies
		James Davies
		First Senior Vice President & Chief Financial Officer

EX-99.1 2 unty-ex99_1.htm EX-99.1 EX-99.1

Dil. EPS
$1.42

$0.02 Q/Q

ROE
15.86%

52 bps Q/Q

NIM
4.56%

3 bps Q/Q

ROA
2.01%

3 bps Q/Q

Exhibit 99.1


For Immediate Release	News Media & Financial Analyst Contact:
Unity Bancorp, Inc. (NASDAQ: UNTY)	James Davies, FSVP & CFO
July 14, 2026	(908) 713-4330

Unity Bancorp Reports Quarterly Earnings of $14.5 Million

James A. Hughes, CEO, commented on the financial results:

“We are pleased to announce that Unity Bancorp, Inc. delivered another strong quarter, reflecting the strength of our relationship-based banking model. During the second quarter, we generated net income of $14.5 million, or $1.42 per diluted share, producing a 2.01% return on average assets and a 15.86% return on average equity. Strong core operating performance, a 4.56% net interest margin, balanced loan and deposit growth, and robust capital and liquidity levels all contributed to another successful quarter. These accomplishments underscore our ability to deliver consistent earnings, prudently manage risk, and support the financial needs of the communities we serve.

While the macroeconomic environment continues to present uncertainty, including the ongoing effects of elevated interest rates and changing economic conditions, we remain encouraged by the resilience of the New Jersey economy and housing market. Home values have remained stable and customer activity continues to demonstrate the underlying strength of the communities we serve. These factors have supported sound credit performance and continued demand for both residential and commercial banking services.

We remain encouraged by the level of customer activity and business development opportunities across our markets. Loan pipelines remain healthy, deposit gathering efforts continue to gain traction, and our investments in technology and talent are enhancing our ability to serve customers more efficiently and effectively. As we look to the second half of 2026, we believe Unity is well positioned to continue delivering profitable growth, maintaining strong asset quality, and creating long-term value for our shareholders.”

Clinton, NJ -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $14.5 million, or $1.42 per diluted share, for the quarter ended June 30, 2026, compared to net income of $14.3 million, or $1.40 per diluted share for the quarter ended March 31, 2026. For the six months ended June 30, 2026, Unity Bancorp reported net income of $28.8 million, or $2.82 per diluted share, compared to net income of $28.1 million, or $2.74 per diluted share, for the six months ended June 30, 2025.

Quarterly Earnings Highlights

•

Net interest income, the primary driver of earnings, was $31.8 million for the quarter ended June 30, 2026, an increase of $1.1 million, as compared to $30.7 million for the quarter ended March 31, 2026. Net interest margin (“NIM”) increased 3 basis points to 4.56% for the quarter ended June 30, 2026, compared to the quarter ended March 31, 2026. The increase in net interest income was primarily due to day count and increased yields on interest-earning assets.

•

The provision for credit losses on loans was $1.0 million for the quarters ended June 30, 2026 and March 31, 2026. The provision in the current quarter was primarily driven by loan growth.

•

Noninterest income was $1.9 million for the quarter ended June 30, 2026, compared to $2.9 million for the quarter ended March 31, 2026. The $1.0 million decrease was primarily due to larger unrealized losses recognized, decreased loan fee income and lower gain on sale of SBA and mortgage loans. The increased unrealized losses are due to the Company's investment in Patriot National Bancorp, Inc., of which the Company held approximately 2.2 million shares as of June 30, 2026.

Subsequent to June 30, 2026, Patriot National Bancorp, Inc. publicly announced the termination of its formal agreement with the OCC and the opening of a new banking office in Beverly Hills, California. These developments did not impact the Company's second quarter financial results.

•

Noninterest expense was $13.9 million for the quarter ended June 30, 2026, compared to $14.1 million for the quarter ended March 31, 2026. The decrease was primarily due to decreased occupancy and loan related expenses, partially offset by increased furniture & equipment expenses.

•

The effective tax rate was 22.4% for the quarter ended June 30, 2026, compared to 22.7% for the quarter ended March 31, 2026. As part of the Company's ongoing initiative to prudently reduce its tax burden and enhance after-tax earnings, Unity strategically invested in tax credit programs during the first half of 2026. During the second quarter of 2026, Unity purchased $2.6 million of state tax credits, resulting in $0.2 million of tax savings. Furthermore, during the first quarter of 2026, Unity purchased $5.1 million of federal tax credits, resulting in $0.4 million of tax savings.

Balance Sheet Highlights

•

Total gross loans increased $137.8 million, or 5.4%, from December 31, 2025, primarily due to increases in the commercial, residential construction and consumer loan categories.

•

As of June 30, 2026, the allowance for credit losses as a percentage of gross loans was 1.29%.

•

As of June 30, 2026, nonaccrual assets (including OREO) were $34.5 million, compared to $31.3 million as of December 31, 2025. The ratio of nonaccrual loans to total loans was 1.23% as of June 30, 2026. The ratio of nonaccrual assets to total assets was 1.08% as of June 30, 2026. During the fourth quarter of 2025, one $15.5 million commercial real estate relationship migrated to nonaccrual status. This isolated relationship accounts for nearly half of nonaccrual assets.

•

Total deposits increased $138.5 million, or 6.0%, from December 31, 2025. As of June 30, 2026, uninsured or uncollateralized deposits represented 21.8% of total deposits. The Company’s deposit composition as of June 30, 2026, consisted of 19.8% in noninterest bearing demand deposits, 16.8% in interest-bearing demand deposits, 23.2%

in savings deposits and 40.2% in time deposits.

•

Borrowed funds increased $60.3 million from December 31, 2025. Borrowed funds were entirely comprised of borrowings from the FHLB.

•

Shareholders’ equity was $371.8 million as of June 30, 2026, compared to $345.6 million as of December 31, 2025. The $26.2 million increase was primarily driven by 2026 earnings, partially offset by dividend payments. During the six months ended June 30, 2026, Unity Bancorp, Inc. repurchased 6,616 shares at a weighted average price of $49.01 per share.

•

Book value per common share was $37.02 as of June 30, 2026, compared to $34.63 as of December 31, 2025. This increase is primarily due to net income partially offset by dividends.

•

Below is a summary of Unity Bancorp’s regulatory capital ratios. During the quarter ended June 30, 2026, risk-weighted assets increased $150.1 million driven by robust loan pipelines and originated Brokered CDs pending settlement.

The Leverage Ratio increased 45 basis points to 13.17% at June 30, 2026, compared to 12.72% at December 31, 2025.

The Common Equity Tier 1 Capital Ratio decreased 26 basis points to 14.19% at June 30, 2026, compared to 14.45% at December 31, 2025.

The Tier 1 Capital Ratio decreased 30 basis points to 14.57% at June 30, 2026, compared to 14.87% at December 31, 2025.

The Total Capital Ratio decreased 30 basis points to 15.82% at June 30, 2026, compared to 16.12% at December 31, 2025.

•

At June 30, 2026, the Company held $250.3 million of cash and cash equivalents. The Company also maintained approximately $421.8 million of funding available from various sources, including the FHLB, FRB Discount Window and other lines of credit. Total available funding plus cash on hand represented 125.4% of uninsured or uncollateralized deposits.

Other Highlights

•

In June 2026, Unity Bank, a wholly owned subsidiary of Unity Bancorp Inc., appointed Sara M. Sooy to its Board of Directors. Ms. Sooy brings significant banking, finance, governance, and public-sector leadership experience to the Bank's Board.

•

In June 2026, Unity Bank, a wholly owned subsidiary of Unity Bancorp Inc., appointed Alfred J. Gaburo to its Board of Directors. Mr. Gaburo brings more than three decades of experience in public affairs, government relations, economic development, and strategic advocacy to the Bank's Board.

•

In the second quarter of 2026, Unity Bank awarded $50 thousand in grants to local small businesses through the FHLBNY Small Business Recovery Grant Program. These grants assist small businesses in overcoming challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile interest rate environment.

Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $3.2 billion in assets and $2.5 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.

This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item 1A. Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, the impact of any health crisis or national disasters on the Bank, its employees and customers, and the impact of uncertain or changing political conditions or any current or future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary, trade or regulatory policy, among other factors.

UNITY BANCORP, INC.

SUMMARY FINANCIAL HIGHLIGHTS


										June 30, 2026 vs.
(In thousands, except percentages and per										March 31, 2026			June 30, 2025
share amounts)	June 30, 2026			March 31, 2026			June 30, 2025			%			%
BALANCE SHEET DATA
Total assets	$	3,194,313		$	3,027,327		$	2,928,523			5.5	%		9.1	%
Total deposits		2,462,549			2,379,140			2,187,366			3.5			12.6
Total gross loans		2,682,494			2,601,656			2,382,594			3.1			12.6
Total securities		119,300			115,268			139,348			3.5			(14.4	)
Total shareholders' equity		371,813			358,095			319,840			3.8			16.2
Allowance for credit losses		34,551			33,354			29,012			3.6			19.1

FINANCIAL DATA - QUARTER TO DATE
Income before provision for income taxes	$	18,652		$	18,487		$	21,528			0.9			(13.4	)
Provision for income taxes		4,180			4,199			5,037			(0.5	)		(17.0	)
Net income	$	14,472		$	14,288		$	16,491			1.3			(12.2	)

Net income per common share - Basic	$	1.44		$	1.43		$	1.64			0.7			(12.2	)
Net income per common share - Diluted		1.42			1.40			1.61			1.4			(11.8	)

PERFORMANCE RATIOS - QUARTER TO DATE (ANNUALIZED)
Return on average assets		2.01	%		2.04	%		2.51	%
Return on average equity		15.86			16.38			21.15
Efficiency ratio**		40.50			41.77			42.31
Cost of funds		2.38			2.38			2.46
Net interest margin		4.56			4.53			4.49
Noninterest expense to average assets		1.93			2.01			1.98

FINANCIAL DATA - YEAR TO DATE
Income before provision for income taxes	$	37,138					$	36,952						0.5
Provision for income taxes		8,378						8,863						(5.5	)
Net income	$	28,760					$	28,089						2.4

Net income per common share - Basic	$	2.87					$	2.79						2.9
Net income per common share - Diluted		2.82						2.74						2.9

PERFORMANCE RATIOS - YEAR TO DATE
Return on average assets		2.02	%					2.18	%
Return on average equity		16.11						18.42
Efficiency ratio**		41.13						42.59
Cost of funds		2.38						2.46
Net interest margin		4.54						4.48
Noninterest expense to average assets		1.97						1.99

SHARE INFORMATION
Market price per share	$	58.69		$	51.83		$	47.08			13.2			24.7
Dividends paid (QTD)		0.16			0.16			0.14			—			14.3
Book value per common share		37.02			35.66			31.88			3.8			16.1
Average diluted shares outstanding (QTD)		10,221			10,199			10,212			0.2			0.1

UNITY BANCORP CAPITAL RATIOS
Total equity to total assets		11.64	%		11.83	%		10.92	%		(1.6	)		6.6
Leverage ratio		13.17			12.93			12.50			1.9			5.4
Common Equity Tier 1 Capital Ratio		14.19			14.50			13.96			(2.1	)		1.6
Risk-based Tier 1 Capital Ratio		14.57			14.91			14.39			(2.3	)		1.3
Risk-based Total Capital Ratio		15.82			16.16			15.65			(2.1	)		1.1

CREDIT QUALITY AND RATIOS
Nonaccrual assets	$	34,489		$	32,092		$	15,840			7.5			117.7
QTD annualized net recoveries (chargeoffs) to QTD average loans		0.03	%		(0.01	)%		(0.06	)%
Allowance for credit losses to total loans		1.29			1.28			1.22
Nonaccrual loans to total loans		1.23			1.18			0.66
Nonaccrual assets to total assets		1.08			1.06			0.54
** 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.

UNITY BANCORP, INC.

QUARTERLY BALANCE SHEETS


										June 30, 2026 vs.
										December 31, 2025				June 30, 2025
(In thousands, except percentages)	June 30, 2026			December 31, 2025			June 30, 2025			%				%
ASSETS
Cash and due from banks	$	28,267		$	19,841		$	26,045			42.5		%		8.5		%
Interest-bearing deposits		222,054			196,678			267,688			12.9				(17.0	)
Cash and cash equivalents		250,321			216,519			293,733			15.6				(14.8	)
Securities:
Debt securities available for sale, at market value, net of valuation allowance		67,221			70,870			92,491			(5.1	)			(27.3	)
Debt securities held to maturity, at book value		37,707			36,576			36,434			3.1				3.5
Equity securities, at market value		14,372			16,569			10,423			(13.3	)			37.9
Total securities		119,300			124,015			139,348			(3.8	)			(14.4	)
Loans:
Loans held for sale		9,458			9,490			13,352			(0.3	)			(29.2	)
SBA loans held for investment		35,816			34,259			38,059			4.5				(5.9	)
Commercial loans		1,649,252			1,518,032			1,409,139			8.6				17.0
Commercial construction loans		128,628			147,215			101,990			(12.6	)			26.1
Residential mortgage loans		668,502			677,221			666,560			(1.3	)			0.3
Consumer loans		94,757			85,219			82,564			11.2				14.8
Residential construction loans		96,081			73,277			70,930			31.1				35.5
Total loans		2,682,494			2,544,713			2,382,594			5.4				12.6
Allowance for credit losses		(34,551	)		(32,342	)		(29,012	)		6.8				19.1
Net loans		2,647,943			2,512,371			2,353,582			5.4				12.5
Premises and equipment, net		17,878			18,022			18,561			(0.8	)			(3.7	)
Bank owned life insurance ("BOLI")		26,977			26,547			26,108			1.6				3.3
Deferred tax assets		15,975			14,640			14,784			9.1				8.1
Federal Home Loan Bank ("FHLB") stock		17,401			14,314			19,730			21.6				(11.8	)
Accrued interest receivable		12,988			12,896			12,411			0.7				4.6
Goodwill		1,516			1,516			1,516			—				—
Other real estate owned ("OREO")		1,472			1,472			—			—			*NM
Prepaid expenses and other assets		82,542			24,340			48,750			239.1				69.3
Total assets	$	3,194,313		$	2,966,652		$	2,928,523			7.7		%		9.1		%

LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits:
Noninterest-bearing demand	$	487,132		$	465,596		$	464,610			4.6		%		4.8		%
Interest-bearing demand		380,473			369,131			321,863			3.1				18.2
Savings		566,649			535,044			505,706			5.9				12.1
Brokered deposits		301,525			274,203			237,978			10.0				26.7
Time deposits		726,770			680,087			657,209			6.9				10.6
Total deposits		2,462,549			2,324,061			2,187,366			6.0				12.6
Borrowed funds		316,123			255,774			377,107			23.6				(16.2	)
Subordinated debentures		10,310			10,310			10,310			—				—
Accrued interest payable		2,758			2,138			1,463			29.0				88.5
Accrued expenses and other liabilities		30,760			28,738			32,437			7.0				(5.2	)
Total liabilities		2,822,500			2,621,021			2,608,683			7.7				8.2
Shareholders' equity:
Common stock		106,701			105,892			104,674			0.8				1.9
Retained earnings		269,486			243,935			252,606			10.5				6.7
Treasury stock, at cost		(3,425	)		(3,101	)		(35,515	)		(10.4	)			(90.4	)
Accumulated other comprehensive loss		(949	)		(1,095	)		(1,925	)		(13.3	)			(50.7	)
Total shareholders' equity		371,813			345,631			319,840			7.6				16.2
Total liabilities and shareholders' equity	$	3,194,313		$	2,966,652		$	2,928,523			7.7		%		9.1		%

Shares issued		10,116			10,048			11,672
Shares outstanding		10,043			9,982			10,032
Treasury shares		73			66			1,640

*NM=Not meaningful

UNITY BANCORP, INC.

QTD CONSOLIDATED STATEMENTS OF INCOME


													June 30, 2026 vs.
	For the three months ended												March 31, 2026							June 30, 2025
(In thousands, except percentages and per share amounts)	June 30, 2026				March 31, 2026				June 30, 2025				$			%				$			%
INTEREST INCOME
Interest-bearing deposits	$	455			$	558			$	487			$	(103	)		(18.5	)	%	$	(32	)		(6.6	)	%
FHLB stock		140				134				130				6			4.5				10			7.7
Securities:
Taxable		1,391				1,409				1,735				(18	)		(1.3	)			(344	)		(19.8	)
Tax-exempt		24				18				17				6			33.3				7			41.2
Total securities		1,415				1,427				1,752				(12	)		(0.8	)			(337	)		(19.2	)
Loans:
SBA loans		840				844				856				(4	)		(0.5	)			(16	)		(1.9	)
Commercial loans		26,509				25,016				23,352				1,493			6.0				3,157			13.5
Commercial construction loans		3,347				3,038				2,384				309			10.2				963			40.4
Residential mortgage loans		10,411				10,913				10,390				(502	)		(4.6	)			21			0.2
Consumer loans		1,471				1,424				1,491				47			3.3				(20	)		(1.3	)
Residential construction loans		2,047				1,825				1,758				222			12.2				289			16.4
Total loans		44,625				43,060				40,231				1,565			3.6				4,394			10.9
Total interest income		46,635				45,179				42,600				1,456			3.2				4,035			9.5
INTEREST EXPENSE
Interest-bearing demand deposits		2,084				1,910				1,898				174			9.1				186			9.8
Savings deposits		3,291				3,160				2,718				131			4.1				573			21.1
Brokered deposits		2,247				2,267				1,786				(20	)		(0.9	)			461			25.8
Time deposits		6,282				6,128				6,560				154			2.5				(278	)		(4.2	)
Borrowed funds and subordinated debentures		904				984				1,081				(80	)		(8.1	)			(177	)		(16.4	)
Total interest expense		14,808				14,449				14,043				359			2.5				765			5.4
Net interest income		31,827				30,730				28,557				1,097			3.6				3,270			11.5
Provision for credit losses, loans		1,040				1,043				1,725				(3	)		(0.3	)			(685	)		(39.7	)
Provision for credit losses, off-balance sheet		127				5				136				122		*NM					(9	)		(6.6	)
Release of credit losses, securities		—				—				(2,036	)			—			—				2,036		*NM
Net interest income after provision for credit losses		30,660				29,682				28,732				978			3.3				1,928			6.7
NONINTEREST INCOME
Branch fee income		612				489				465				123			25.2				147			31.6
Service and loan fee income		657				912				536				(255	)		(28.0	)			121			22.6
Gain on sale of SBA loans held for sale, net		213				427				163				(214	)		(50.1	)			50			30.7
Gain on sale of mortgage loans, net		406				500				435				(94	)		(18.8	)			(29	)		(6.7	)
BOLI income		213				217				183				(4	)		(1.8	)			30			16.4
Net securities (losses) gains		(643	)			(82	)			3,600				(561	)	*NM					(4,243	)	*NM
Other income		463				413				433				50			12.1				30			6.9
Total noninterest income		1,921				2,876				5,815				(955	)		(33.2	)			(3,894	)		(67.0	)
NONINTEREST EXPENSE
Compensation and benefits		8,669				8,673				8,160				(4	)		—				509			6.2
Processing and communications		1,131				1,146				980				(15	)		(1.3	)			151			15.4
Occupancy		842				987				809				(145	)		(14.7	)			33			4.1
Furniture and equipment		831				715				787				116			16.2				44			5.6
Professional services		456				488				350				(32	)		(6.6	)			106			30.3
Advertising		442				393				456				49			12.5				(14	)		(3.1	)
Loan related expenses		396				473				265				(77	)		(16.3	)			131			49.4
Deposit insurance		300				300				313				—			—				(13	)		(4.2	)
Director fees		270				260				265				10			3.8				5			1.9
Other expenses		592				636				634				(44	)		(6.9	)			(42	)		(6.6	)
Total noninterest expense		13,929				14,071				13,019				(142	)		(1.0	)			910			7.0
Income before provision for income taxes		18,652				18,487				21,528				165			0.9				(2,876	)		(13.4	)
Provision for income taxes		4,180				4,199				5,037				(19	)		(0.5	)			(857	)		(17.0	)
Net income	$	14,472			$	14,288			$	16,491			$	184			1.3		%	$	(2,019	)		(12.2	)	%

Effective tax rate		22.4		%		22.7		%		23.4		%

Net income per common share - Basic	$	1.44			$	1.43			$	1.64
Net income per common share - Diluted		1.42				1.40				1.61
Weighted average common shares outstanding - Basic		10,041				10,012				10,033
Weighted average common shares outstanding - Diluted		10,221				10,199				10,212

*NM=Not meaningful

UNITY BANCORP, INC.

YTD CONSOLIDATED STATEMENTS OF INCOME


	For the six months ended June 30,								Current YTD vs. Prior YTD
(In thousands, except percentages and per share amounts)	2026				2025				$			%
INTEREST INCOME
Interest-bearing deposits	$	1,013			$	819			$	194			23.7		%
FHLB stock		274				312				(38	)		(12.2	)
Securities:
Taxable		2,800				3,521				(721	)		(20.5	)
Tax-exempt		42				35				7			20.0
Total securities		2,842				3,556				(714	)		(20.1	)
Loans:
SBA loans		1,684				1,790				(106	)		(5.9	)
Commercial loans		51,525				44,666				6,859			15.4
Commercial construction loans		6,385				5,330				1,055			19.8
Residential mortgage loans		21,324				20,337				987			4.9
Consumer loans		2,895				2,837				58			2.0
Residential construction loans		3,872				3,754				118			3.1
Total loans		87,685				78,714				8,971			11.4
Total interest income		91,814				83,401				8,413			10.1
INTEREST EXPENSE
Interest-bearing demand deposits		3,994				3,520				474			13.5
Savings deposits		6,451				5,311				1,140			21.5
Brokered deposits		4,513				3,573				940			26.3
Time deposits		12,411				12,975				(564	)		(4.3	)
Borrowed funds and subordinated debentures		1,887				2,214				(327	)		(14.8	)
Total interest expense		29,256				27,593				1,663			6.0
Net interest income		62,558				55,808				6,750			12.1
Provision for credit losses, loans		2,083				3,083				(1,000	)		(32.4	)
Provision for credit losses, off-balance sheet		133				95				38			40.0
Release of credit losses, securities		—				(2,036	)			(2,036	)	*NM
Net interest income after provision for credit losses		60,342				54,666				5,676			10.4
NONINTEREST INCOME
Branch fee income		1,101				912				189			20.7
Service and loan fee income		1,570				1,400				170			12.1
Gain on sale of SBA loans held for sale, net		640				302				338			111.9
Gain on sale of mortgage loans, net		905				603				302			50.1
BOLI income		430				334				96			28.7
Net securities (losses) gains		(725	)			3,551				(4,276	)	*NM
Other income		876				814				62			7.6
Total noninterest income		4,797				7,916				(3,119	)		(39.4	)
NONINTEREST EXPENSE
Compensation and benefits		17,342				16,062				1,280			8.0
Processing and communications		2,277				1,966				311			15.8
Occupancy		1,829				1,689				140			8.3
Furniture and equipment		1,546				1,533				13			0.8
Professional services		944				714				230			32.2
Advertising		835				847				(12	)		(1.4	)
Loan related expenses		868				311				557			179.1
Deposit insurance		600				554				46			8.3
Director fees		530				760				(230	)		(30.3	)
Other expenses		1,230				1,194				36			3.0
Total noninterest expense		28,001				25,630				2,371			9.3
Income before provision for income taxes		37,138				36,952				186			0.5
Provision for income taxes		8,378				8,863				(485	)		(5.5	)
Net income	$	28,760			$	28,089			$	671			2.4		%

Effective tax rate		22.6		%		24.0		%

Net income per common share - Basic	$	2.87			$	2.79
Net income per common share - Diluted		2.82				2.74
Weighted average common shares outstanding - Basic		10,026				10,043
Weighted average common shares outstanding - Diluted		10,210				10,229
*NM=Not meaningful

UNITY BANCORP, INC.

QUARTER TO DATE NET INTEREST MARGIN


	For the three months ended
(Dollar amounts in thousands, interest amounts and	June 30, 2026									June 30, 2025
interest rates/yields on a fully tax-equivalent basis)	Average Balance			Interest			Rate/Yield			Average Balance			Interest			Rate/Yield
ASSETS
Interest-earning assets:
Interest-bearing deposits	$	49,429		$	455			3.69	%	$	43,985		$	487			4.44	%
FHLB stock		7,012			140			8.03			7,626			130			6.82
Securities:
Taxable		116,246			1,391			4.78			138,283			1,735			5.02
Tax-exempt		2,197			28			5.17			1,471			20			5.59
Total securities (A)		118,443			1,419			4.79			139,754			1,755			5.02
Loans:
SBA loans		41,163			840			8.16			48,646			856			7.04
Commercial loans		1,566,240			26,509			6.70			1,383,062			23,352			6.68
Commercial construction loans		167,917			3,347			7.89			113,959			2,384			8.28
Residential mortgage loans		669,245			10,411			6.22			658,239			10,390			6.31
Consumer loans		88,833			1,471			6.55			82,265			1,491			7.17
Residential construction loans		90,479			2,047			8.95			72,525			1,758			9.59
Total loans (B)		2,623,877			44,625			6.73			2,358,696			40,231			6.75
Total interest-earning assets	$	2,798,761		$	46,639			6.68	%	$	2,550,061		$	42,603			6.70	%

Noninterest-earning assets:
Cash and due from banks		26,650									21,601
Allowance for credit losses		(33,833	)								(28,067	)
Other assets		102,359									95,195
Total noninterest-earning assets		95,176									88,729
Total assets	$	2,893,937								$	2,638,790

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Interest-bearing demand deposits	$	396,128		$	2,084			2.11	%	$	354,353		$	1,898			2.15	%
Savings deposits		570,929			3,291			2.31			487,307			2,718			2.24
Brokered deposits		261,454			2,247			3.45			207,128			1,786			3.46
Time deposits		706,984			6,282			3.56			682,426			6,560			3.86
Total interest-bearing deposits		1,935,495			13,904			2.88			1,731,214			12,962			3.00
Borrowed funds and subordinated debentures		95,890			904			3.73			118,166			1,081			3.62
Total interest-bearing liabilities	$	2,031,385		$	14,808			2.92	%	$	1,849,380		$	14,043			3.05	%

Noninterest-bearing liabilities:
Noninterest-bearing demand deposits		468,772									442,151
Other liabilities		27,705									34,464
Total noninterest-bearing liabilities		496,477									476,615
Total shareholders' equity		366,075									312,795
Total liabilities and shareholders' equity	$	2,893,937								$	2,638,790

Net interest spread				$	31,831			3.76	%				$	28,560			3.66	%
Tax-equivalent basis adjustment					(4	)								(3	)
Net interest income				$	31,827								$	28,557
Net interest margin								4.56	%								4.49	%

(A) Yields related to securities exempt from federal and state income taxes are stated on a fully tax-equivalent basis, assuming a federal tax rate of 21 percent.

(B) The loan averages are stated net of unearned income, and the averages include loans on which the accrual of interest has been discontinued.

UNITY BANCORP, INC.

QUARTER TO DATE NET INTEREST MARGIN


	For the three months ended
(Dollar amounts in thousands, interest amounts and	June 30, 2026									March 31, 2026
interest rates/yields on a fully tax-equivalent basis)	Average Balance			Interest			Rate/Yield			Average Balance			Interest			Rate/Yield
ASSETS
Interest-earning assets:
Interest-bearing deposits	$	49,429		$	455			3.69	%	$	61,424		$	558			3.69	%
FHLB stock		7,012			140			8.03			7,214			134			7.53
Securities:
Taxable		116,246			1,391			4.78			118,488			1,409			4.76
Tax-exempt		2,197			28			5.17			1,486			21			5.60
Total securities (A)		118,443			1,419			4.79			119,974			1,430			4.77
Loans:
SBA Loans		41,163			840			8.16			41,576			844			8.12
Commercial loans		1,566,240			26,509			6.70			1,528,022			25,016			6.55
Commercial construction loans		167,917			3,347			7.89			152,561			3,038			7.96
Residential mortgage loans		669,245			10,411			6.22			678,359			10,913			6.44
Consumer loans		88,833			1,471			6.55			84,037			1,424			6.78
Residential construction loans		90,479			2,047			8.95			80,226			1,825			9.10
Total loans (B)		2,623,877			44,625			6.73			2,564,781			43,060			6.72
Total interest-earning assets	$	2,798,761		$	46,639			6.68	%	$	2,753,393		$	45,182			6.66	%

Noninterest-earning assets:
Cash and due from banks		26,650									24,735
Allowance for credit losses		(33,833	)								(33,007	)
Other assets		102,359									98,891
Total noninterest-earning assets		95,176									90,619
Total assets	$	2,893,937								$	2,844,012

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Interest-bearing demand deposits	$	396,128		$	2,084			2.11	%	$	385,444		$	1,910			2.01	%
Savings deposits		570,929			3,291			2.31			563,220			3,160			2.28
Brokered deposits		261,454			2,247			3.45			265,877			2,267			3.46
Time deposits		706,984			6,282			3.56			685,355			6,128			3.63
Total interest-bearing deposits		1,935,495			13,904			2.88			1,899,896			13,465			2.87
Borrowed funds and subordinated debentures		95,890			904			3.73			108,231			984			3.64
Total interest-bearing liabilities	$	2,031,385		$	14,808			2.92	%	$	2,008,127		$	14,449			2.92	%

Noninterest-bearing liabilities:
Noninterest-bearing demand deposits		468,772									457,603
Other liabilities		27,705									24,594
Total noninterest-bearing liabilities		496,477									482,197
Total shareholders' equity		366,075									353,688
Total liabilities and shareholders' equity	$	2,893,937								$	2,844,012

Net interest spread				$	31,831			3.76	%				$	30,733			3.74	%
Tax-equivalent basis adjustment					(4	)								(3	)
Net interest income				$	31,827								$	30,730
Net interest margin								4.56	%								4.53	%

(A) Yields related to securities exempt from federal and state income taxes are stated on a fully tax-equivalent basis, assuming a federal tax rate of 21 percent.

(B) The loan averages are stated net of unearned income, and the averages include loans on which the accrual of interest has been discontinued.

UNITY BANCORP, INC.

YEAR TO DATE NET INTEREST MARGIN


	For the six months ended
(Dollar amounts in thousands, interest amounts and	June 30, 2026									June 30, 2025
interest rates/yields on a fully tax-equivalent basis)	Average Balance			Interest			Rate/Yield			Average Balance			Interest			Rate/Yield
ASSETS
Interest-earning assets:
Interest-bearing deposits	$	55,393		$	1,013			3.69	%	$	37,161		$	819			4.44	%
FHLB stock		7,113			274			7.77			7,543			312			8.34
Securities:
Taxable		117,361			2,800			4.77			140,552			3,521			5.01
Tax-exempt		1,843			49			5.34			1,533			38			5.07
Total securities (A)		119,204			2,849			4.78			142,085			3,559			5.01
Loans:
SBA loans		41,369			1,684			8.10			49,139			1,790			7.25
Commercial loans		1,547,236			51,525			6.62			1,344,770			44,666			6.61
Commercial construction loans		160,281			6,385			7.92			127,378			5,330			8.32
Residential mortgage loans		673,777			21,324			6.33			649,041			20,337			6.27
Consumer loans		86,448			2,895			6.66			78,730			2,837			7.17
Residential construction loans		85,381			3,872			9.02			78,437			3,754			9.52
Total loans (B)		2,594,492			87,685			6.72			2,327,495			78,714			6.73
Total interest-earning assets	$	2,776,202		$	91,821			6.67	%	$	2,514,284		$	83,404			6.69	%

Noninterest-earning assets:
Cash and due from banks		25,698									22,354
Allowance for credit losses		(33,422	)								(27,763	)
Other assets		100,634									93,385
Total noninterest-earning assets		92,910									87,976
Total assets	$	2,869,112								$	2,602,260

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Interest-bearing demand deposits	$	390,816		$	3,994			2.06	%	$	348,206		$	3,520			2.04	%
Savings deposits		567,095			6,451			2.29			491,158			5,311			2.18
Brokered deposits		263,653			4,513			3.45			210,305			3,573			3.43
Time deposits		696,229			12,411			3.59			660,304			12,975			3.96
Total interest-bearing deposits		1,917,793			27,369			2.88			1,709,973			25,379			2.99
Borrowed funds and subordinated debentures		102,027			1,887			3.68			118,648			2,214			3.71
Total interest-bearing liabilities	$	2,019,820		$	29,256			2.92	%	$	1,828,621		$	27,593			3.04	%

Noninterest-bearing liabilities:
Noninterest-bearing demand deposits		463,219									433,906
Other liabilities		26,157									32,161
Total noninterest-bearing liabilities		489,376									466,067
Total shareholders' equity		359,916									307,572
Total liabilities and shareholders' equity	$	2,869,112								$	2,602,260

Net interest spread				$	62,565			3.75	%				$	55,811			3.65	%
Tax-equivalent basis adjustment					(7	)								(3	)
Net interest income				$	62,558								$	55,808
Net interest margin								4.54	%								4.48	%

(A) Yields related to securities exempt from federal and state income taxes are stated on a fully tax-equivalent basis, assuming a federal tax rate of 21 percent.

(B) The loan averages are stated net of unearned income, and the averages include loans on which the accrual of interest has been discontinued.

UNITY BANCORP, INC.

QUARTERLY ALLOWANCE FOR CREDIT LOSSES AND LOAN QUALITY SCHEDULES


(Amounts in thousands, except percentages)	June 30, 2026			March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
ALLOWANCE FOR CREDIT LOSSES:
Balance, beginning of period	$	33,354		$	32,342			$	30,245			$	29,012			$	27,651
Provision for credit losses for loans		1,040			1,043				2,208				1,409				1,725
		34,394			33,385				32,453				30,421				29,376
Less: Chargeoffs
SBA loans		—			50				265				211				105
Commercial loans		—			140				—				—				100
Residential mortgage loans		—			—				46				85				282
Consumer loans		—			10				11				30				21
Residential construction loans		—			40				—				—				—
Total chargeoffs		—			240				322				326				508
Add: Recoveries
SBA loans		56			5				4				50				2
Commercial loans		95			93				196				92				102
Residential mortgage loans		—			100				—				—				—
Consumer loans		6			11				11				8				40
Residential construction loans		—			—				—				—				—
Total recoveries		157			209				211				150				144
Net recoveries (chargeoffs)		157			(31	)			(111	)			(176	)			(364	)
Balance, end of period	$	34,551		$	33,354			$	32,342			$	30,245			$	29,012

ASSET QUALITY INFORMATION:

Nonaccrual loans:
SBA loans	$	1,616		$	1,645			$	1,751			$	4,225			$	4,177
Commercial loans		17,743			18,375				18,473				4,006				3,512
Residential mortgage loans		10,290			8,915				8,173				11,174				7,980
Consumer loans		2,926			1,557				1,268				938				—
Residential construction loans		442			128				171				171				171
Total nonaccrual loans		33,017			30,620				29,836				20,514				15,840
OREO		1,472			1,472				1,472				—				—
Nonaccrual assets	$	34,489		$	32,092			$	31,308			$	20,514			$	15,840

Loans 90 days past due & still accruing	$	—		$	90			$	—			$	356			$	2,876

Nonaccrual loans to total loans		1.23	%		1.18		%		1.17		%		0.83		%		0.66		%
Nonaccrual assets to total assets		1.08			1.06				1.06				0.71				0.54

Allowance for credit losses to:
Total loans		1.29	%		1.28		%		1.27		%		1.23		%		1.22		%
Total nonaccrual loans		104.65			108.93				108.40				147.44				183.16

UNITY BANCORP, INC.

QUARTERLY FINANCIAL DATA


(In thousands, except %'s, employee, office and per share amounts)	June 30, 2026			March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
SUMMARY OF INCOME:
Total interest income	$	46,635		$	45,179			$	45,868			$	44,361			$	42,600
Total interest expense		14,808			14,449				14,499				14,505				14,043
Net interest income		31,827			30,730				31,369				29,856				28,557
Provision (Release) for credit losses		1,167			1,048				2,258				542				(175	)
Net interest income after provision for credit losses		30,660			29,682				29,111				29,314				28,732
Total noninterest income		1,921			2,876				3,898				2,967				5,815
Total noninterest expense		13,929			14,071				13,315				13,415				13,019
Income before provision for income taxes		18,652			18,487				19,694				18,866				21,528
Provision for income taxes		4,180			4,199				4,222				4,476				5,037
Net income	$	14,472		$	14,288			$	15,472			$	14,390			$	16,491
Net income per common share - Basic	$	1.44		$	1.43			$	1.55			$	1.43			$	1.64
Net income per common share - Diluted		1.42			1.40				1.52				1.41				1.61
COMMON SHARE DATA:
Market price per share	$	58.69		$	51.83			$	51.72			$	48.87			$	47.08
Dividends paid		0.16			0.16				0.15				0.15				0.14
Book value per common share		37.02			35.66				34.63				33.26				31.88
Weighted average common shares outstanding - Basic		10,041			10,012				10,008				10,036				10,033
Weighted average common shares outstanding - Diluted		10,221			10,199				10,195				10,233				10,212
Issued common shares		10,116			10,114				10,048				11,681				11,672
Outstanding common shares		10,043			10,041				9,982				10,041				10,032
Treasury shares		73			73				66				1,640				1,640
QUARTERLY PERFORMANCE RATIOS (ANNUALIZED):
Return on average assets		2.01	%		2.04		%		2.20		%		2.11		%		2.51		%
Return on average equity		15.86			16.38				18.08				17.41				21.15
Efficiency ratio **		40.50			41.77				39.52				41.47				42.31
Noninterest expense to average assets		1.93			2.01				1.89				1.97				1.98
BALANCE SHEET DATA:
Total assets	$	3,194,313		$	3,027,327			$	2,966,652			$	2,876,365			$	2,928,523
Total securities		119,300			115,268				124,015				131,252				139,348
Total loans		2,682,494			2,601,656				2,544,713				2,468,527				2,382,594
Allowance for credit losses		34,551			33,354				32,342				30,245				29,012
Total deposits		2,462,549			2,379,140				2,324,061				2,267,484				2,187,366
Total shareholders' equity		371,813			358,095				345,631				334,023				319,840
TAX EQUIVALENT YIELDS AND RATES:
Interest-earning assets		6.68	%		6.66		%		6.72		%		6.74		%		6.70		%
Interest-bearing liabilities		2.92			2.92				2.94				3.05				3.05
Net interest spread		3.76			3.74				3.78				3.69				3.66
Net interest margin		4.56			4.53				4.60				4.54				4.49
CREDIT QUALITY:
Nonaccrual assets	$	34,489		$	32,092			$	31,308			$	20,514			$	15,840
QTD annualized net recoveries (chargeoffs) to QTD average loans		0.03	%		(0.01	)	%		(0.02	)	%		(0.03	)	%		(0.06	)	%
Allowance for credit losses to total loans		1.29			1.28				1.27				1.23				1.22
Nonaccrual loans to total loans		1.23			1.18				1.17				0.83				0.66
Nonaccrual assets to total assets		1.08			1.06				1.06				0.71				0.54
UNITY BANCORP CAPITAL RATIOS
Total equity to total assets		11.64	%		11.83		%		11.65		%		11.61		%		10.92		%
Leverage ratio		13.17			12.93				12.72				12.71				12.50
Common Equity Tier 1 Capital Ratio		14.19			14.50				14.45				14.45				13.96
Risk-based Tier 1 Capital Ratio		14.57			14.91				14.87				14.88				14.39
Risk-based Total Capital Ratio		15.82			16.16				16.12				16.13				15.65

Number of banking offices		22			22				22				22				21
Employee Full-Time Equivalent		249			244				242				238				237

** 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.

UNITY BANCORP, INC.

LOAN PORTFOLIO COMPOSITION


(In thousands, except percentages)	June 30, 2026		%			December 31, 2025		%
Loans Held for Sale	$	9,458		0.4	%	$	9,490		0.4

SBA Loans		35,816		1.3			34,259		1.3

Commercial Loans
SBA 504		44,353		1.7			43,802		1.7
Commercial & industrial		191,787		7.2			183,163		7.2
Commercial mortgage - owner occupied		706,609		26.3			660,427		26.0
Commercial mortgage - nonowner occupied		618,130		23.0			531,954		20.9
Other		88,373		3.3			98,686		39.0
Total Commercial Loans		1,649,252		61.5			1,518,032		59.7

Commercial Construction Loans		128,628		4.8			147,215		5.8

Residential Mortgage Loans
Primary residence		466,521		17.4			472,482		18.6
Secondary residence		70,795		2.6			71,656		2.8
Investor property		131,186		4.9			133,083		5.2
Total Residential Mortgage Loans		668,502		24.9			677,221		26.6

Consumer Loans
Home equity		92,175		3.4			82,488		3.2
Consumer other		2,582		0.1			2,731		0.1
Total Consumer Loans		94,757		3.5			85,219		3.3

Residential Construction Loans		96,081		3.6			73,277		2.9

Total Gross Loans	$	2,682,494		100.0	%	$	2,544,713		100.0	%

UNITY BANCORP, INC.

QUARTERLY NON-GAAP / CORE RECONCILIATION


	For the three months ended
(In thousands, except percentages and per share amounts)	June 30, 2026			March 31, 2026			June 30, 2025
Adjusted net income:
Net income (GAAP)	$	14,472		$	14,288		$	16,491
Non-recurring transactions:
Less: Release of credit losses, securities		—			—			(2,036	)
Less: Net securities gains, pertaining to one-time sales		—			—			(3,509	)
Add: Adjusted release of income taxes		—			—			1,301
Adjusted net income (non-GAAP)	$	14,472		$	14,288		$	12,247

Adjusted net income per common share:
Weighted average common shares outstanding - Basic		10,041			10,012			10,033
Weighted average common shares outstanding - Diluted		10,221			10,199			10,212

Net income per common share - Basic (GAAP)	$	1.44		$	1.43		$	1.64
Net income per common share - Diluted (GAAP)		1.42			1.40			1.61

Adjusted net income per common share - Basic (non-GAAP)	N/A			N/A			$	1.22
Adjusted net income per common share - Diluted (non-GAAP)	N/A			N/A				1.20

Adjusted return on average assets:
Total QTD average assets	$	2,893,937		$	2,844,012		$	2,638,790

Return on average assets (GAAP)		2.01	%		2.04	%		2.51		%
Adjusted return on average assets (non-GAAP)	N/A			N/A				1.86

Adjusted return on average equity:
Total QTD average equity	$	366,075		$	353,688		$	312,795

Return on average equity (GAAP)		15.86	%		16.38	%		21.15		%
Adjusted return on average equity (non-GAAP)	N/A			N/A				15.70

Management uses these non-GAAP measures as internal benchmarks in evaluating operating performance and in planning and forecasting future periods.