Unity Bancorp (UNTY) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $17.4 million, or $1.70 diluted EPS, versus $14.4 million and $1.41 a year earlier; quarterly ROAA was 2.29%.

• Loan and deposit growth, higher net interest income and margin expansion supported results; asset quality improved, while tax-credit benefits and one-time costs affected earnings.

Financial highlights

• Q3 net interest income was $34.3 million, up 14.9% YoY and $2.5 million QoQ; 9M net interest income was $96.8 million versus $85.7 million.

• 9M net income was $46.1 million versus $42.5 million; diluted EPS was $4.52 versus $4.15.

• Q3 noninterest income was $2.4 million versus $3.0 million YoY and $1.9 million QoQ; 9M income was $7.2 million versus $10.9 million, including security losses in 2026.

• Q3 noninterest expense rose to $15.6 million from $13.4 million YoY, including a one-time SERP amendment expense and probable $405,000 broker fees.

• Gross loans rose $235.6 million, or 9.3%, from year-end 2025 to $2.78 billion; deposits increased 10.1% to $2.56 billion.

Outlook and guidance

• Leadership expressed confidence in long-term prospects and continued growth opportunities, citing a strong balance sheet, customer base, and loan and deposit production.

• CEO James A. Hughes is scheduled to retire March 31, 2027; President George Boyan is scheduled to become CEO April 1, 2027.