Quarterly ResultJul 14, 2026, 06:01 AM
Unity Bancorp Q2 Net Income $14.5M, EPS $1.42
AI Summary
Unity Bancorp, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income of $14.5 million, or $1.42 per diluted share. This represents an increase from $14.3 million, or $1.40 per diluted share, in the previous quarter. For the first six months of 2026, net income reached $28.8 million, or $2.82 per diluted share, demonstrating consistent growth compared to the prior year. CEO James A. Hughes highlighted robust core operating performance, a 4.56% net interest margin, and healthy loan and deposit growth, positioning the company for continued profitable growth in the second half of the year.
Key Highlights
- Q2 2026 net income was $14.5 million, up from $14.3 million in Q1 2026.
- Q2 2026 diluted EPS was $1.42, compared to $1.40 in Q1 2026.
- Six months ended June 30, 2026 net income was $28.8 million.
- Six months ended June 30, 2026 diluted EPS was $2.82.
- Return on average assets for Q2 2026 was 2.01%.
- Return on average equity for Q2 2026 was 15.86%.
- Net interest margin for Q2 2026 was 4.56%.
- Company assets approximately $3.2 billion and deposits $2.5 billion.
Price Impact
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