filecrux
$UNTY (Unity Bancorp, $3.3B-asset NJ bank) earned $1.70/diluted share in Q3 2026, $1.51 core ex a $2.5M tax-credit benefit and $769K retirement charge, vs $1.42 in Q2. Q3 core profit: $15.5M; market value ~$547M at the Oct 9, 2026 close of $54.335. Nonaccrual assets fell to $24.1M from $34.5M, though one CRE relationship, $15.5M when it went nonaccrual in Q4 2025, was cut by $3.1M of cash in a Q3 deal in which Unity financed ~80% of the buyer's purchase, and still accounts for nearly half of nonaccrual assets. George Boyan becomes CEO April 1, 2027.
