Unity Bancorp reports FY2025 net income $57.95M, 12.6% loan growth, deposits up 10.7%
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Unity Bancorp reported a net income of $57.95 million for FY2025, a significant increase from $41.45 million in FY2024, with diluted EPS rising to $5.67. Key highlights include a 12.6% growth in total gross loans to $2.545 billion, driven by an 18.5% increase in commercial loans, and a 10.7% rise in total deposits to $2.324 billion. Net interest income increased by 18.7% to $117.033 million, while noninterest income surged 74.5% to $14.779 million, aided by one-time net security gains.
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