Unity Bancorp Q3 net income rises q-o-q on loan growth

Unity Bancorp

13/10/2026 11:08

Overview
US regional bank's Q3 net income and EPS rose quarter-over-quarter
Quarterly results benefited from $2.5 mln one-time federal tax credit purchase
Company reported robust loan and deposit growth, improved asset quality and strong capital position

Outlook
Company did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
LOAN AND DEPOSIT GROWTH - Co said robust loan and deposit growth contributed to Q3 results
NET INTEREST INCOME - Co said net interest income and net interest margin expanded in Q3
ASSET QUALITY - Co said asset quality improved meaningfully during the quarter

Company press release: ID:nGNX4XG4wF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$1.70
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "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 22.8% above its October 12 closing price of $55.37
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 12 - India's RBL Bank quarterly profit nearly triples on higher loan growth
Oct 12 - Denmark's Jyske Bank lifts 2026 profit guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)