Unity Bancorp | 10-Q: FY2025 Q3 Revenue: USD 47.33 M

Revenue: As of FY2025 Q3, the actual value is USD 47.33 M.

EPS: As of FY2025 Q3, the actual value is USD 1.41, beating the estimate of USD 1.29.

EBIT: As of FY2025 Q3, the actual value is USD -10.99 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended September 30, 2025, was $44.4 million, an increase from $39.6 million in the same period in 2024.
• Noninterest Income: Total noninterest income for the three months ended September 30, 2025, was $2.967 million, compared to $2.803 million in the same period in 2024.

Operational Metrics

• Net Income: Net income for the three months ended September 30, 2025, was $14.4 million, compared to $10.9 million in the same period in 2024.
• Net Interest Income: Net interest income for the three months ended September 30, 2025, was $29.9 million, an increase from $24.9 million in the same period in 2024.
• Provision for Credit Losses: The provision for credit losses for loans was $1.4 million for the three months ended September 30, 2025, compared to $1.0 million in the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025, was $38.1 million, compared to $25.0 million in the same period in 2024.
• Investing Cash Flow: Net cash used in investing activities for the nine months ended September 30, 2025, was - $186.9 million, compared to - $48.6 million in the same period in 2024.
• Financing Cash Flow: Net cash provided by financing activities for the nine months ended September 30, 2025, was $171.9 million, compared to $23.3 million in the same period in 2024.

Unique Metrics

• Loan Portfolio: Total loans increased by $207.9 million or 9.2% to $2.5 billion at September 30, 2025, compared to year-end 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to maintain its well-capitalized status and continue focusing on building and expanding relationships, particularly in the commercial loan segment, which saw a significant increase in volume.
• Non-Core Business: The company converted its debt security issued by Patriot National Bancorp, Inc. into restricted common stock, releasing $0.8 million from the reserve for credit losses on securities and recognizing a one-time unrealized gain of $0.2 million.