Unity Bancorp FY26 Q1 net income rises 23.28% to $14.3 million; net interest margin widens to 4.53%
Unity Bancorp, Inc. UNTY | 0.00 |
- Unity Bancorp posted net income of $14.3 million for the quarter ended March 31, 2026, up 23.28%, with diluted EPS rising to $1.4.
- Net interest income climbed 12.8% to $30.7 million, with net interest margin widening 0.07 percentage points to 4.53%.
- Noninterest income increased 36.9%, driven by higher gains on sale of SBA loans and mortgage loans.
- Provision for credit losses on loans and off-balance sheet items fell to $1 million from $1.3 million.
- Total assets rose 2% to $3 billion from year-end 2025, while total deposits increased $55.1 million to $2.4 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unity Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000920427-26-000037), on May 07, 2026, and is solely responsible for the information contained therein.