Unity Bancorp Reports Quarterly Earnings of $17.4 Million
Unity Bancorp reported Q3 2026 net income of $17.4 million, or $1.70 per diluted share, up from $14.5 million, or $1.42, in the prior quarter. Nine-month net income rose to $46.1 million ($4.52 per diluted share) from $42.5 million ($4.15) a year earlier, with management citing loan and deposit growth, net interest margin expansion, and improved asset quality. Results included a one-time $2.5 million benefit from purchased transferable federal investment tax credits.
Key figures
- Eps
- $1.70 per diluted share (Q3 2026, GAAP)
- Deposits
- $2.6 billion
- Eps 9m 2025
- $4.15
- Eps 9m 2026
- $4.52
- Total assets
- $3.3 billion
- Net income q3
- $17.4 million
- Eps prior quarter
- $1.42
- Net income 9m 2025
- $42.5 million
- Net income 9m 2026
- $46.1 million
- Tax credit benefit
- $2.5 million
- Net income prior quarter
- $14.5 million
AI analysis
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