Unity Bancorp (NASDAQ: UNTY) reported net income of $14.3 million for the quarter ended March 31, 2026, or $1.40 per diluted share, with a 2.04% return on average assets and 16.38% return on average equity.
Net income rose 23.2% year-over-year; gross loans and core customer deposits increased modestly versus year-end 2025. Total assets approximate $3.0 billion with $2.4 billion in deposits.
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Positive
Net income +23.2% year-over-year
Return on equity 16.38% for the quarter
Gross loans increased $56.9M since year-end 2025
Negative
None.
News Market Reaction – UNTY
-2.20%
-2.20%Session close to close
In the Apr 14 session, UNTY declined 2.20%, reflecting a moderate negative market reaction.
This announcement details Q1 2026 net income of $14.3M, or $1.40 per diluted share, with strong prof...
Analysis
This announcement details Q1 2026 net income of $14.3M, or $1.40 per diluted share, with strong profitability metrics including a 2.04% ROA and 16.38% ROE. Management emphasized balanced organic growth, noting gross loans up $56.9M and core deposits up $58.7M versus year-end 2025. Recent history shows steady expansion in assets and dividends. Investors may watch future loan demand, credit quality, and execution of digital initiatives as key drivers of ongoing performance.
Key Figures
Q1 2026 Net Income:$14.3MQ1 2026 Diluted EPS:$1.40Q4 2025 Net Income:$15.5M+5 more
8 metrics
Q1 2026 Net Income$14.3MQuarter ended March 31, 2026
Q1 2026 Diluted EPS$1.40Quarter ended March 31, 2026
Q4 2025 Net Income$15.5MQuarter ended December 31, 2025
Q4 2025 Diluted EPS$1.52Quarter ended December 31, 2025
Return on Avg Assets2.04%Quarter ended March 31, 2026
Return on Avg Equity16.38%Quarter ended March 31, 2026
Net Income YoY Increase$2.7M (23.2%)Versus same quarter prior year
Gross Loan Growth$56.9M (2.2%)Change vs year-end 2025
Declared cash dividend alongside disclosure of growing assets and deposits base.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent positive company-specific announcements, including earnings strength and dividend increases, have generally coincided with small to moderate share price gains, with only one recent dividend headline seeing a mild negative reaction.
Recent Company History
Over the past several months, Unity Bancorp has highlighted consistent balance sheet growth and shareholder returns. A Q4 2025 earnings release reported strong profitability and expanding loans and deposits, while multiple dividend announcements, including a 7% increase to $0.16 per share, underscored capital return. Analyst recognition as a top bank idea and leadership promotions reinforced confidence in strategy and management depth. Today’s Q1 2026 earnings update, showing net income of $14.3M and continued organic growth in loans and deposits, fits this pattern of steady operational performance and franchise expansion.
Key Terms
return on average assets, return on average equity, forward-looking statements, annual report on form 10-k, +4 more
8 terms
return on average assetsfinancial
"producing a 2.04% return on average assets and a 16.38% return..."
Return on average assets (ROAA) measures how efficiently a company turns its assets into profit by comparing profit after expenses to the average value of its assets over a period (usually the average of beginning and ending assets). It matters to investors because it shows how well management uses the company’s resources to generate returns—think of it as how much profit a baker earns from the oven space they actually used over time.
return on average equityfinancial
"producing a 2.04% return on average assets and a 16.38% return..."
Return on average equity (ROAE) measures how much profit a company generates for its shareholders’ invested capital over a period, calculated by dividing net profit by the average shareholder equity during that period. It matters to investors because it shows how efficiently management turns owners’ money into earnings—like how much bread a baker bakes from the same oven space—helping compare profitability across companies and track performance over time.
forward-looking statementsregulatory
"This news release contains certain forward-looking statements, either expressed or implied..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
annual report on form 10-kregulatory
"those items included in our Annual Report on Form 10-K under the heading..."
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
risk factorsregulatory
"under the heading “Item IA-Risk Factors” as amended or supplemented..."
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
nonperforming assetsfinancial
"our ability to manage and reduce the level of our nonperforming assets, results of..."
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
securitiesregulatory
"offer to sell or the solicitation of an offer to buy any securities, nor shall..."
Securities are financial investments that represent a claim on part of a company's assets or earnings, such as stocks or bonds. They are like certificates proving ownership or debt, which can be bought and sold in financial markets. Securities matter to investors because they offer opportunities to grow wealth, earn income, or manage risk through different types of investments.
registration or qualificationregulatory
"unlawful prior to registration or qualification under the securities laws of such..."
Registration or qualification is the process of officially confirming that an individual or entity meets certain standards or requirements to participate in a specific activity or industry. It acts like a formal sign-up, ensuring that participants are authorized and capable, which helps protect interests and maintain trust. For investors, it’s important because it indicates that the person or organization has necessary credentials, making their actions or offerings more reliable.
CLINTON, N.J., April 14, 2026 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $14.3 million, or $1.40 per diluted share, for the quarter ended March 31, 2026, compared to net income of $15.5 million, or $1.52 per diluted share for the quarter ended December 31, 2025.
James A. Hughes, CEO, commented on the financial results: “We are pleased to report another strong quarter for Unity Bancorp, Inc., highlighted by solid profitability and continued execution of our organic growth strategy. For the quarter, we delivered net income of $14.3 million, or $1.40 per diluted share, producing a 2.04% return on average assets and a 16.38% return on average equity. These results represent a $2.7 million, or 23.2%, increase in net income compared to the same period last year, and reflect the underlying strength of our balance sheet and core earnings power.
We entered 2026 with positive momentum, and during the first quarter we achieved balanced, organic growth on both sides of the balance sheet. As compared to year-end 2025, gross loans increased $56.9 million, or 2.2%, while total customer deposits, excluding brokered deposits, grew $58.7 million, or 2.9%, underscoring the continued success of our relationship-based banking model. As we move forward, we remain focused on growing loans and deposits in tandem, deepening customer relationships and supporting economic activity in the communities we serve.
While broader economic and geopolitical conditions have contributed to periods of market volatility, loan demand across our footprint remains healthy, sustained by ongoing economic development in our core markets. At the same time, we continue to invest in delivering an exceptional customer experience through targeted product and technology initiatives, including the rollout of a new online banking platform. These investments are intended to expand our digital capabilities, improve operational efficiency and support long-term, sustainable growth as we continue to serve our customers.”
For the full version of the Company’s quarterly earnings release, including financial tables, please visit News - Unity Bank (q4ir.com).
Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $3.0 billion in assets and $2.4 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union, and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK.
This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, the impact of any health crisis or national disasters on the Bank, its employees and customers, and the impact of uncertain or changing political conditions or any current or future federal government shutdown and uncertainty regarding the federal government’s debt limit or changes in fiscal, monetary, trade or regulatory policy, among other factors.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
News Media & Financial Analyst Contact: James Davies, FSVP and CFO (908) 713-4330
What did Unity Bancorp (UNTY) report for Q1 2026 net income and EPS?
Unity Bancorp reported $14.3 million net income, or $1.40 per diluted share. According to the company, this result produced a 2.04% return on average assets and a 16.38% return on average equity for the quarter.
How did Unity Bancorp's Q1 2026 net income compare to the same quarter last year (UNTY)?
Net income rose 23.2% year-over-year versus the same period last year. According to the company, the increase reflects underlying balance sheet strength and core earnings power driving higher profitability year-over-year.
What balance sheet growth did Unity Bancorp (UNTY) report for Q1 2026?
Gross loans increased by $56.9 million and core customer deposits rose by $58.7 million from year-end 2025. According to the company, this reflects balanced, organic growth on both sides of the balance sheet.
What are Unity Bancorp's (UNTY) total assets and deposits as of Q1 2026?
Unity Bancorp reported approximately $3.0 billion in assets and $2.4 billion in deposits. According to the company, these totals reflect its community banking footprint across New Jersey and parts of Pennsylvania.
What strategic investments did Unity Bancorp (UNTY) highlight in the Q1 2026 release?
The company highlighted investments in a new online banking platform and targeted product initiatives. According to the company, these investments aim to expand digital capabilities, improve efficiency, and support long-term customer growth.
