UNITY BANCORP INC /NJ/ — Form 8-K
Filed October 13, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 28/100
What the filing says
Unity Bancorp reported Q3 2026 net income of $17.4 million ($1.70 diluted EPS), up 20% from $14.5M ($1.42 EPS) in Q2 2026. The quarter benefited from a $2.5M federal investment tax credit benefit. Core metrics showed strength: net interest income rose $2.5M to $34.3M, net interest margin expanded 11 bps to 4.67%, and nonaccrual loans fell to 0.81% of total loans from 1.23% in Q2. Total assets reached $3.25B (+9.6% YTD), loans grew $235.6M (+9.3%), and deposits increased $235.4M (+10.1%), demonstrating robust core business growth.
Why this rating
Strong operational performance with organic growth in loans/deposits and NIM expansion. Tax credit is one-time boost. Leadership transition announced but orderly. Results routine for bank size.
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