UNTYMEDIUM SIGNALFINANCIAL10-K

UNTY delivered strong profitability growth while substantially reducing debt levels and expanding its deposit base.

The company's net income grew substantially while maintaining healthy net interest income expansion, suggesting improved operational efficiency and credit quality. The meaningful 37% reduction in total debt combined with 17% growth in stockholders' equity demonstrates strengthened capital structure and enhanced financial flexibility for future growth initiatives.

Comparing 2026-03-04 vs 2025-03-07View on EDGAR →
FINANCIAL ANALYSIS

UNTY's financial profile improved markedly across key metrics, with net income growing substantially to $58.0M while net interest income expanded 11.5% to $173.6M. The balance sheet strengthened considerably through a 37% debt reduction to $230.8M and 17% equity growth to $345.6M, while total assets and deposits grew at a healthy pace of approximately 11%. The combination of strong profitability growth, debt reduction, and deposit expansion signals a bank successfully executing on both growth and capital optimization strategies.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+39.8%
$41.5M→$58.0M

Net income grew 39.8% — bottom-line growth signals improving overall business health.

Total Debt
Balance Sheet
-37.1%
$366.7M→$230.8M

Debt reduced 37.1% — deleveraging strengthens balance sheet and reduces financial risk.

Share Buybacks
Cash Flow
-18.9%
$6.2M→$5.0M

Buyback activity reduced 18.9% — capital being redeployed elsewhere or cash conservation underway.

Stockholders Equity
Balance Sheet
+16.9%
$295.6M→$345.6M

Equity base grew 16.9% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+11.8%
$2.7B→$3.0B

Asset base grew 11.8% — expansion through organic growth, acquisitions, or capital deployment.

Net Interest Income
P&L
+11.5%
$155.7M→$173.6M

Net interest income grew 11.5% — benefiting from rate environment or loan book expansion.

Total Liabilities
Balance Sheet
+11.1%
$2.4B→$2.6B

Liabilities increased 11.1% — monitor debt-to-equity ratio and interest coverage.

Total Deposits
Balance Sheet
+10.7%
$2.1B→$2.3B

Deposits grew 10.7% — expanding customer base or increased trust in the institution.

LANGUAGE CHANGES
NEW — 2026-03-04
PRIOR — 2025-03-07
ADDED
As of February 27, 2026, 10,016,427 shares of the registrant s Common Stock were outstanding.
A significant majority of the Company s loans are real-estate secured.
Employees and Human Capital As of December 31, 2025, the Company employed 239 full time and 6 part time employees.
The Company believes its relations with employees are good and that its ability to attract and retain talent is critical to its success.
To support this objective, the Company strives to offer competitive salaries and comprehensive employee benefits and regularly monitors compensation levels within its market areas.
The Company provides medical benefits through a self insured health plan.
In addition, the principal purposes of the Company s equity incentive plans are to attract, retain, and motivate selected employees, consultants, and directors through the granting of stock based compensation awards.
State and federal regulatory agencies have begun adopting rules and guidelines regarding the use of artificial intelligence ( AI ) technologies in connection with the provision of financial services.
For example, the CFPB and other federal bank regulatory agencies have provided guidance that creditors may be subject to adverse action notice requirements under the Equal Credit Opportunity Act even if they rely on algorithmic underwriting models.
The New York State Department of Financial Services issued an industry letter on combating cybersecurity risks associated with AI.
REMOVED
As of February 28, 2025, 10,057,597 shares of the registrant s Common Stock were outstanding.
Employees and Human Capital As of December 31, 2024, the Company employed 220 full-time and 8 part-time employees.
The Company believes that its relations with its employees are good and believes its ability to attract and retain employees is a key to the Company s success.
Accordingly, the Company strives to offer competitive salaries and employee benefits to all employees and monitors salaries in its market areas.
In addition, the principal purposes of the Company s equity incentive plans are to attract, retain and motivate selected employees, consultants and directors through the granting of stock-based compensation awards.
The Company s loans, the ability of borrowers to repay these loans and the value of collateral securing these loans are impacted by economic conditions.
As of December 31, 2024, approximately 96 percent of its loans had real estate as a primary or secondary component of collateral.
In that event, the Company s earnings could be adversely affected.
As of December 31, 2024, total commercial real estate loans, including construction loans, represented 53.8 percent of our loan portfolio.
Included in this portfolio are loans to industries including hotel/motel, retail, educational facilities, office space, warehouses, food/beverage services and religious facilities.
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →