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For Immediate Release Unity Bancorp , Inc. ( NASDAQ : UNTY ) April 15 , 2021 News Media & Financial Analyst Contact : George Boyan , EVP and CFO (908)713-4565 Unity Bancorp Reports Quarterly Earnings of $ 8.5 Million Net Income per Diluted Share = $ 0.80 ROA = 1.85 % ROE = 19.51 % Net Interest Margin = 4.09 % CEO COMMENTARY : Net Income ( In Millions ) $ 9.0 James A. Hughes , President and CEO , stated : I am proud to report record results in the first quarter of 2021 , resulting from our focused approach of sustaining a robust balance sheet and our commitment towards helping our customers . The hard work and dedication our employees demonstrated during the COVID - 19 pandemic has been extraordinary . In addition to helping our customers with loan deferrals , we were able to $ 8.0 $ 7.0 8.5 7.3 $ 6.0 5.8 $ 5.0 5.4 5.2 $ 4.0 provide access to credit through round one and two of the SBA PPP program . $ 3.0 Stepping out of the shadows of 2020 , we anticipate $ 2.0 a strong year for Unity . Our mortgage and SBA lending areas are expected to be strong contributors , and we believe the interest rate environment should provide for a stable margin . I want to sincerely thank our customers for putting their trust in Unity , and our wonderful staff for their tremendous efforts this quarter and throughout the unprecedented past year . $ 1.0 $ - 1Q2020 2Q2020 3Q2020 ■ Net Income 4Q2020 1Q2021