Overview

• US regional bank's Q2 net income rose slightly to $14.5 mln from prior quarter

• Q2 diluted EPS was $1.42, up from $1.40 in previous quarter

• Company cites strong core operating performance and stable credit quality

Outlook

• Unity Bancorp says loan pipelines remain healthy and deposit gathering efforts gaining traction

• Company expects continued demand for residential and commercial banking services in its markets

• Unity Bancorp believes it is well positioned for profitable growth and strong asset quality in H2 2026

Result Drivers

• NET INTEREST MARGIN - Co said a 4.56% net interest margin supported Q2 results

• LOAN AND DEPOSIT GROWTH - Balanced loan and deposit growth contributed to quarterly performance

• STABLE CREDIT QUALITY - Stable home values and resilient customer activity supported sound credit performance

Company press release: ID:nGNX3mGbbx

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		$1.42

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Unity Bancorp Inc is $68.00, about 18.6% above its July 13 closing price of $57.35

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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