Unity Bancorp, Inc. (UNTY) Q3 FY2026 earnings

Reported results

• Net interest income increased $2.5 million to $34.3 million for Q3 2026 vs. $31.8 million for Q2 2026; net interest margin expanded 11 basis points to 4.67% (GAAP)
• Provision for credit losses on loans was $0.9 million for Q3 2026 vs. $1.0 million for Q2 2026 (GAAP)
• Noninterest income was $2.4 million for Q3 2026 vs. $1.9 million for Q2 2026, primarily due to decreased unrealized losses on securities (GAAP)
• Noninterest expense increased to $15.6 million for Q3 2026 from $13.9 million for Q2 2026, driven by increased compensation and benefits, loan-related expenses, and director fees (GAAP)
• Return on average assets was 2.29% (annualized) for Q3 2026 vs. 2.01% for Q2 2026; return on average equity was 18.11% vs. 15.86% (both GAAP)
• Total gross loans increased $235.6 million, or 9.3%, from December 31, 2025; nonaccrual loans to total loans ratio was 0.81% as of September 30, 2026

Notes

Effective tax rate for Q3 2026 was 13.1%, reduced by $2.6 million in tax savings from purchase of $27.6 million in transferable federal investment tax credits and $0.6 million in state tax credits. The company excluded this one-time tax benefit in non-GAAP adjusted net income of $15.5 million ($1.51 per diluted share non-GAAP). CEO James A. Hughes announced retirement effective March 31, 2027, with President George Boyan to succeed him as CEO effective April 1, 2027.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-13 (8-K, Item 2.02). Read the original filing on sec.gov.