Unity Bancorp Q3 net income rises to $17.4 million, or $1.70 per diluted share
Unity Bancorp reported third-quarter 2026 net income of $17.4 million, or $1.70 per diluted share, up from $14.5 million, or $1.42 per diluted share, in the second quarter. The company said a purchase of transferable federal investment tax credits lowered its tax expense and added a $2.5 million benefit to earnings, and its effective tax rate fell to 13.1% from 22.4%.
Key points
- Net interest income rose $2.5 million to $34.3 million, and net interest margin increased 11 basis points to 4.67%.
- Noninterest expense rose to $15.6 million from $13.9 million, including a one-time $769 thousand supplemental retirement plan expense.
- Nine-month net income was $46.1 million, or $4.52 per diluted share, compared with $42.5 million, or $4.15 per diluted share, a year earlier.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.