Unity Bancorp (UNTY) Tax Rate (2012 - 2026)
Unity Bancorp (UNTY) posted Tax Rate of 22.41% for Q2 2026, down 0.99 percentage points from 23.40% a year earlier and down 0.30 percentage points from the prior quarter.
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Analysis
Unity Bancorp (UNTY) Tax Rate (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Unity Bancorp was 22.56%, down 0.94 percentage points year-over-year; for FY2025, it was 23.26%, down 0.54 percentage points from FY2024.
- Annual Tax Rate has declined for three consecutive years, with a five-year change of -0.76 percentage points (FY2020 to FY2025).
- In prior years, Unity Bancorp's Tax Rate was 23.79% in FY2024 (-1.28 pp), 25.07% in FY2023 (-0.14 pp), 25.21% in FY2022 (+0.26 pp) and 24.96% in FY2021 (+0.93 pp).
- Quarterly Tax Rate has run from a low of 20.59% in Q4 2024 to a high of 26.98% in Q4 2022 over five years.
- On a year-over-year basis, Tax Rate increased in two of the last eight quarters, with an average year-over-year change of -1.03 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2022, with a gain of 2.08 percentage points; the weakest was Q4 2024, with a drop of 4.53 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 22.71% (Q1 2026), 21.44% (Q4 2025) and 23.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Unity Bancorp | 583.90 Mn | 583.90 Mn | - | 22.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.41% |
| Mar 31, 2026 | 22.71% |
| Dec 31, 2025 | 21.44% |
| Sep 30, 2025 | 23.73% |
| Jun 30, 2025 | 23.40% |
| Mar 31, 2025 | 24.81% |
| Dec 31, 2024 | 20.59% |
| Sep 30, 2024 | 25.14% |
| Jun 30, 2024 | 24.67% |
| Mar 31, 2024 | 25.02% |
| Dec 31, 2023 | 25.12% |
| Sep 30, 2023 | 23.74% |
| Jun 30, 2023 | 26.01% |
| Mar 31, 2023 | 25.41% |
| Dec 31, 2022 | 26.98% |
| Sep 30, 2022 | 25.06% |
| Jun 30, 2022 | 25.05% |
| Mar 31, 2022 | 23.53% |
| Dec 31, 2021 | 25.78% |
| Sep 30, 2021 | 25.36% |
API Access
Unity Bancorp Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=UNTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "UNTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=UNTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();