Unity Bancorp Reports Quarterly Earnings of $14.5 Million

Unity Bancorp (NASDAQ: UNTY) reported net income of $14.5 million, or $1.42 per diluted share, for the quarter ended June 30, 2026, up from $14.3 million, or $1.40 per diluted share, for the prior quarter.

Rhea-AI Summary

Unity Bancorp (NASDAQ: UNTY) reported net income of $14.5 million, or $1.42 per diluted share, for the quarter ended June 30, 2026, up from $14.3 million, or $1.40 per diluted share, for the prior quarter.

For the first six months of 2026, net income was $28.8 million, or $2.82 per diluted share, compared with $28.1 million, or $2.74 per diluted share, for the same period in 2025. According to Unity Bancorp, second-quarter performance generated a 2.01% return on average assets, a 15.86% return on average equity, and a 4.56% net interest margin, supported by balanced loan and deposit growth and what the company describes as robust capital and liquidity.

Unity Bancorp reported approximately $3.2 billion in assets and $2.5 billion in deposits, serving New Jersey and Pennsylvania markets through its branch network.

Positive

• Quarterly net income $14.5M, up from $14.3M prior quarter
• Quarterly EPS $1.42, compared to $1.40 in previous quarter
• Six‑month net income $28.8M vs. $28.1M prior‑year period
• Six‑month EPS $2.82 vs. $2.74 for six months ended June 30, 2025
• Return on average assets 2.01% and ROE 15.86% for Q2 2026
• Net interest margin 4.56% in the second quarter of 2026

Negative

• None.

Argus Jul 14 session 3 alerts

-3.16% close to close 1.5x rel. volume Open Argus

Details

News Market Reaction – UNTY

$569.02M Market Cap

In the Jul 14 session, UNTY declined 3.16%, reflecting a moderate negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against a history where four of five recent positive catalysts were followed by short-term decli...

Analysis

Set against a history where four of five recent positive catalysts were followed by short-term declines, this earnings report comes with low short positioning and recent net insider selling, making management’s capital deployment and future disclosure cadence important watchpoints.

Key Figures

Net income: $14.5 million EPS (diluted): $1.42 Prior quarter net income: $14.3 million +5 more

Net income

$14.5 million

Quarter ended June 30, 2026

EPS (diluted)

$1.42

Quarter ended June 30, 2026

Prior quarter net income

$14.3 million

Quarter ended March 31, 2026

Six-month net income

$28.8 million

Six months ended June 30, 2026

Six-month EPS (diluted)

$2.82

Six months ended June 30, 2026

Return on average assets

2.01%

Quarter ended June 30, 2026

Return on average equity

15.86%

Quarter ended June 30, 2026

Net interest margin

4.56%

Quarter ended June 30, 2026

Historical Context

5 past events · Latest: Jun 11

5 events

1. Jun 11

   Board appointments

   24h Move

   -1.2%

   Added two directors with banking, risk, and regional development expertise.

2. May 21

   Dividend declaration

   24h Move

   -1.3%

   Declared $0.16 quarterly cash dividend to common shareholders.

3. Apr 14

   Quarterly earnings

   24h Move

   -2.2%

   Reported $14.3M net income and 2.04% ROAA for 1Q26.

4. Feb 26

   Dividend increase

   24h Move

   -0.3%

   Raised quarterly dividend 7% to $0.16 per share.

5. Jan 30

   Analyst recognition

   24h Move

   +1.7%

   Named a top bank idea citing strong margins and capital ratios.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

return on average assets, return on average equity, net interest margin, forward-looking statements

4 terms

return on average assets financial

"producing a 2.01% return on average assets and a 15.86% 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 equity financial

"2.01% return on average assets and a 15.86% return on average equity."

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.

net interest margin financial

"Strong core operating performance, a 4.56% net interest margin, balanced loan"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

forward-looking statements regulatory

"This news release contains certain forward-looking statements, either expressed"

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CLINTON, N.J., July 14, 2026 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $14.5 million, or $1.42 per diluted share, for the quarter ended June 30, 2026, compared to net income of $14.3 million, or $1.40 per diluted share for the quarter ended March 31, 2026. For the six months ended June 30, 2026, Unity Bancorp reported net income of $28.8 million, or $2.82 per diluted share, compared to net income of $28.1 million, or $2.74 per diluted share, for the six months ended June 30, 2025.

James A. Hughes, CEO, commented on the financial results: “We are pleased to announce that Unity Bancorp, Inc. delivered another strong quarter, reflecting the strength of our relationship-based banking model. During the second quarter, we generated net income of $14.5 million, or $1.42 per diluted share, producing a 2.01% return on average assets and a 15.86% return on average equity. Strong core operating performance, a 4.56% net interest margin, balanced loan and deposit growth, and robust capital and liquidity levels all contributed to another successful quarter. These accomplishments underscore our ability to deliver consistent earnings, prudently manage risk, and support the financial needs of the communities we serve.

While the macroeconomic environment continues to present uncertainty, including the ongoing effects of elevated interest rates and changing economic conditions, we remain encouraged by the resilience of the New Jersey economy and housing market. Home values have remained stable and customer activity continues to demonstrate the underlying strength of the communities we serve. These factors have supported sound credit performance and continued demand for both residential and commercial banking services.

We remain encouraged by the level of customer activity and business development opportunities across our markets. Loan pipelines remain healthy, deposit gathering efforts continue to gain traction, and our investments in technology and talent are enhancing our ability to serve customers more efficiently and effectively. As we look to the second half of 2026, we believe Unity is well positioned to continue delivering profitable growth, maintaining strong asset quality, and creating long-term value for our shareholders.”

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 $3.2 billion in assets and $2.5 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 1A. 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

PDF available: http://ml.globenewswire.com/Resource/Download/b6d133dc-37a3-4c77-8b63-423867ab4c9e

FAQ

What were Unity Bancorp (NASDAQ: UNTY) earnings for Q2 2026?

Unity Bancorp reported Q2 2026 net income of $14.5 million, or $1.42 per diluted share. According to Unity Bancorp, this compares with $14.3 million, or $1.40 per diluted share, for the quarter ended March 31, 2026.

How did Unity Bancorp (UNTY) first-half 2026 results compare to 2025?

For the six months ended June 30, 2026, Unity Bancorp earned $28.8 million, or $2.82 per diluted share. According to Unity Bancorp, this compares with $28.1 million, or $2.74 per diluted share, for the same period in 2025.

What profitability ratios did Unity Bancorp (UNTY) report for Q2 2026?

Unity Bancorp reported a Q2 2026 return on average assets of 2.01% and return on average equity of 15.86%. According to Unity Bancorp, these metrics reflect strong core operating performance during the quarter ended June 30, 2026.

What was Unity Bancorp’s net interest margin in Q2 2026?

Unity Bancorp reported a Q2 2026 net interest margin of 4.56%. According to Unity Bancorp, this margin, combined with balanced loan and deposit growth, contributed to another profitable quarter for the period ended June 30, 2026.

What are Unity Bancorp’s total assets and deposits as of mid-2026?

Unity Bancorp reported approximately $3.2 billion in assets and $2.5 billion in deposits. According to Unity Bancorp, the company provides banking services through its branch network in multiple New Jersey counties and Northampton County, Pennsylvania.

How does Unity Bancorp (UNTY) describe its outlook for the second half of 2026?

Unity Bancorp states it believes it is well positioned to continue delivering profitable growth in the second half of 2026. According to Unity Bancorp, this expectation includes maintaining strong asset quality and creating long-term value for shareholders amid macroeconomic uncertainties.

What risks and uncertainties does Unity Bancorp highlight in its July 2026 update?

Unity Bancorp cites risks including general economic conditions, interest rate trends, borrower repayment ability, regulatory exam results, and political or policy uncertainty. According to Unity Bancorp, these and other factors could affect its ability to achieve anticipated financial performance.