10-K · March 4, 2026
Unity Bancorp’s 10-K emphasizes a traditional community-banking strategy focused on net interest income, local lending and deposit-based funding (the Bank operates "twenty-two branches" and serves the NYC metro area).…
Earnings analysis · 10-Q
UNTY earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Unity Bancorp reported a net income of $14.3 million or $1.40 per diluted share for Q1 2026, marking a 23.3% increase in net income and 17.9% increase in EPS compared to Q1 2025. Total revenue decreased slightly to…
Read full summary
Unity Bancorp reported a net income of $14.3 million or $1.40 per diluted share for Q1 2026, marking a 23.3% increase in net income and 17.9% increase in EPS compared to Q1 2025. Total revenue decreased slightly to $33.6 million from the prior quarter, influenced by segment performance shifts, particularly in loan volumes and rising noninterest expenses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.4
What stood out
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Q1 2026 EPS Growth
Diluted EPS increased to $1.40, up from $1.13 in Q1 2025, a 17.9% rise.
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12.8% Increase in Net Interest Income
Net interest income was $30.7 million, a 12.8% increase compared to $27.3 million last year.
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Return on Average Assets Improvement
Return on average assets improved to 2.04%, up from 1.83% in Q1 2025.
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Substantial Noninterest Income Increase
Noninterest income rose by 36.9% year-over-year, largely due to gains on SBA and mortgage loan sales.
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Total Assets Growth
Total assets increased by 2.0% to $3.0 billion from year-end 2025.
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Boost in Shareholders' Equity
Total shareholders' equity rose $12.5 million to $353.7 million compared to year-end 2025.
What to watch
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Rising Nonaccrual Loans
Nonaccrual loans increased to $30.6 million from $29.8 million at year-end 2025.
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Increased Noninterest Expenses
Noninterest expenses rose by 11.6% compared to Q1 2025, driven by higher compensation and loan-related costs.
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Decrease in Securities Portfolio
AFS debt securities decreased by 10.7% to $63.3 million from $70.9 million at year-end 2025.
Management's outlook
No explicit guidance provided. Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · August 6, 2025
Unity Bancorp reported a strong quarter driven by higher net interest income and loan growth: GAAP net income was $16.5 million ($1.61 diluted) for Q2 2025 versus $9.5 million ($0.93) in Q2 2024, with net interest…
10-K · March 7, 2025
Unity Bancorp showcased robust financial performance in 2024, with a leading revenue increase and improved EPS, reflecting strong execution of its business model in a competitive banking environment. The company's focus…
10-Q · November 12, 2024
Unity Bancorp reported quarterly net income of $10.9 million, or $1.07 diluted EPS, for the quarter ended September 30, 2024, up from $9.9 million and $0.97 diluted EPS a year earlier. Net interest income rose 5.6% to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.