Unity Q2 net income falls 12% to $14.5M as nonaccrual loans double; loan sold post-quarter

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Net income declined 12.2% to $14.5M ($1.42 per diluted share) in Q2 2026 vs Q2 2025, as the prior-year quarter included $3.5M in one-time Patriot National stock gains and a $2.0M credit-loss release. Excluding those items, core earnings rose 19%.

  MD&A: Net income and EPS verify on EDGAR →
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  Nonaccrual loans more than doubled year-over-year, rising $17.2M (109%) to $33.0M at June 30, 2026, driven by residential mortgage, consumer, and residential construction segments. Potential problem loans nearly doubled to $22.6M, up $10.5M from the prior year.

  MD&A & Notes: Nonaccrual and potential problem loans view on EDGAR →
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  Post-quarter, Unity sold a $15.5M nonaccrual commercial real estate loan at par, providing 80% seller financing with the sold loan as collateral. The transaction does not qualify for sale accounting due to retained credit exposure; the 20% down payment reduced nonaccruals by $3.1M.

  Notes: Subsequent Events verify on EDGAR →