Unity Bancorp reports USD 17.4 million profit: Unity Bancorp stock trades at EUR 48.40

Published on 10/15/2026 at 12:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 20.1 percent from the second quarter to USD 17.4 million. Unity Bancorp stock costs EUR 48.40 on October 15, 2026 at a USD 547.6 million market value.

Quarterly earnings shape the picture

Unity Bancorp reported USD 17.4 million in third-quarter net income on October 13, 2026.
Net interest margin reached 4.67 percent in the third quarter of 2026.
Unity Bancorp stock was trading at EUR 48.40 at 12:29 p.m. CEST at Lang & Schwarz on October 15, 2026.

UNTY, US9132901029, Illustration mit AI erstellt.

Unity Bancorp (ISIN US9132901029) reported USD 17.4 million in net income for the third quarter of 2026, up 20.1 percent from the second quarter. GlobeNewswire reported the results on October 13, 2026, including diluted earnings of USD 1.70 per share versus USD 1.42 in the second quarter. The figures put loan growth and the bank's interest margin at the center of the investor debate.

Profit rises on wider margin

Net interest income reached USD 34.3 million in the third quarter of 2026, while net interest margin expanded to 4.67 percent from 4.54 percent in the prior-year quarter. The company said a one-time USD 2.5 million benefit from purchased transferable tax credits reduced the effective tax rate to 13.1 percent. That benefit matters because the reported profit increase was not entirely generated by recurring banking income.

What does growth mean for credit risk?

Gross loans stood at USD 2.78 billion on September 30, 2026, 9.3 percent above December 31, 2025, while deposits reached USD 2.56 billion, 10.1 percent above the year-end level. Nonaccrual assets fell to USD 24.1 million from USD 31.3 million over the same period. StockTitan also reported that the quarterly dividend increased 6 percent to USD 0.17 per common share. The combination of loan expansion and lower nonaccrual assets supports the operating picture, while the tax credit benefit and competitive deposit market remain important qualifications.

Three events define the recent timeline

On August 1, 2026, Unity increased its third-quarter cash dividend 6 percent to USD 0.17 per share. On September 23, 2026, Unity Bank announced that CEO James A. Hughes would retire effective March 31, 2027. On October 13, 2026, Unity reported USD 17.4 million in third-quarter net income.

Leadership dates are set for 2027

Hughes is scheduled to leave the CEO role on March 31, 2027, and President George Boyan is scheduled to become CEO on April 1, 2027. Boyan is expected to remain president during the transition, preserving continuity in the bank's relationship-based operating model.

Stock quote and valuation

Unity Bancorp's market capitalization was USD 547.6 million as of October 14, 2026. The stock was trading at EUR 48.40 at Lang & Schwarz on October 15, 2026 at 12:29 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Unity Bancorp stock.