See more : First-corporation Inc. (1430.T) Income Statement Analysis – Financial Results
Complete financial analysis of Unity Bancorp, Inc. (UNTY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Unity Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Unity Bancorp, Inc. (UNTY)
About Unity Bancorp, Inc.
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. the company offered its services through the Internet and nineteen branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 99.97M | 97.64M | 87.34M | 74.96M | 66.82M | 62.93M | 53.48M | 47.05M | 41.72M | 36.79M | 33.21M | 34.09M | 34.63M | 35.07M | 32.58M | 31.53M | 30.37M | 31.38M | 30.42M | 26.79M | 26.21M | 23.71M | 17.58M | 19.36M | 16.60M | 14.70M | 11.70M | 8.50M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 99.97M | 97.64M | 87.34M | 74.96M | 66.82M | 62.93M | 53.48M | 47.05M | 41.72M | 36.79M | 33.21M | 34.09M | 34.63M | 35.07M | 32.58M | 31.53M | 30.37M | 31.38M | 30.42M | 26.79M | 26.21M | 23.71M | 17.58M | 19.36M | 16.60M | 14.70M | 11.70M | 8.50M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 31.61M | 28.89M | 26.43M | 24.57M | 21.64M | 21.57M | 18.30M | 16.05M | 14.96M | 13.43M | 12.92M | 13.22M | 14.66M | 15.32M | 15.03M | 11.99M | 11.47M | 11.03M | 9.64M | 8.44M | 8.30M | 7.50M | 6.81M | 9.20M | 8.70M | 4.70M | 3.90M | 2.80M |
| Selling & Marketing | 1.44M | 1.21M | 1.24M | 906.00K | 1.36M | 1.41M | 1.18M | 559.00K | 1.03M | 998.00K | 747.00K | 839.00K | 727.00K | 624.00K | 530.00K | 451.00K | 457.00K | 575.00K | 697.00K | 695.00K | 596.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 33.05M | 30.10M | 27.66M | 25.48M | 23.00M | 22.98M | 19.48M | 16.61M | 15.99M | 14.43M | 13.66M | 14.06M | 15.39M | 15.94M | 15.56M | 12.44M | 11.92M | 11.60M | 10.34M | 9.13M | 8.90M | 7.50M | 6.81M | 9.20M | 8.70M | 4.70M | 3.90M | 2.80M |
| Other Expenses | 0.00 | -28.89M | -66.87M | -69.32M | -59.50M | -49.25M | -8.47M | -8.62M | 0.00 | 0.00 | 0.00 | 0.00 | -46.71M | -48.18M | 2.61M | -41.42M | -35.59M | -34.20M | -30.86M | -27.54M | -27.83M | -25.39M | -22.74M | -33.63M | -31.10M | -16.00M | -12.30M | -9.70M |
| Operating Expenses | 41.76M | 1.21M | -39.21M | -43.84M | -36.50M | -22.11M | 8.47M | 8.62M | 26.85M | 24.69M | 24.00M | 24.30M | -31.32M | -32.24M | 18.17M | -28.98M | -23.66M | -22.60M | -20.53M | -18.41M | -18.93M | -17.89M | -15.92M | -24.43M | -22.40M | -11.30M | -8.40M | -6.90M |
| Cost & Expenses | 41.76M | 1.21M | -39.21M | -43.84M | -36.50M | -22.11M | 41.15M | 37.62M | 26.85M | 24.69M | 24.00M | 24.30M | -31.32M | -32.24M | 18.17M | -28.98M | -23.66M | -22.60M | -20.53M | -18.41M | -18.93M | -17.89M | -15.92M | -24.43M | -22.40M | -11.30M | -8.40M | -6.90M |
| Interest Income | 143.49M | 100.74M | 84.78M | 78.92M | 75.65M | 67.26M | 55.31M | 47.02M | 41.65M | 37.42M | 33.95M | 35.20M | 39.52M | 44.04M | 49.41M | 50.77M | 48.90M | 43.18M | 33.84M | 26.17M | 24.90M | 24.30M | 23.89M | 28.02M | 23.70M | 17.50M | 15.00M | 10.90M |
| Interest Expense | 48.50M | 10.63M | 7.74M | 14.48M | 18.06M | 13.52M | 9.45M | 8.77M | 7.66M | 7.31M | 6.53M | 7.77M | 10.55M | 14.04M | 21.58M | 23.47M | 24.47M | 19.43M | 11.60M | 7.01M | 7.03M | 8.57M | 11.70M | 16.32M | 12.70M | 7.20M | 6.30M | 4.80M |
| Depreciation & Amortization | 0.00 | 1.40M | 1.60M | 1.60M | 1.70M | 1.60M | 1.40M | 1.10M | 530.00K | 1.39M | 1.27M | 1.36M | 1.04M | 1.28M | 1.42M | 673.00K | 1.08M | 835.00K | 1.03M | 1.04M | 884.00K | 1.20M | 1.22M | 1.64M | 1.60M | 400.00K | 400.00K | 400.00K |
| EBITDA | 0.00 | 54.18M | 49.74M | 33.03M | 31.93M | 29.24M | 23.67M | 21.20M | 14.90M | 10.94M | 8.95M | 7.83M | 4.36M | 4.11M | 0.00 | 3.22M | 7.78M | 9.62M | 10.93M | 9.42M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 66.39% | 56.95% | 44.06% | 47.79% | 67.95% | 44.26% | 40.24% | 35.71% | 29.73% | 26.95% | 22.97% | 12.57% | 11.72% | -1.72% | 10.21% | 25.62% | 30.66% | 35.93% | 35.16% | 31.15% | 29.60% | 16.35% | -17.74% | -25.30% | 25.85% | 31.62% | 23.53% |
| Operating Income | 53.00M | 62.07M | 48.13M | 31.12M | 30.32M | 40.82M | 22.43M | 18.20M | 14.37M | 9.55M | 7.68M | 6.47M | 3.32M | 2.83M | -1.98M | 2.55M | 6.70M | 8.79M | 9.90M | 8.38M | 7.28M | 5.82M | 1.66M | -5.07M | -5.80M | 3.40M | 3.30M | 1.60M |
| Operating Income Ratio | 53.01% | 63.57% | 55.11% | 41.51% | 45.37% | 64.87% | 41.95% | 38.68% | 34.44% | 25.97% | 23.13% | 18.98% | 9.57% | 8.07% | -6.07% | 8.08% | 22.07% | 28.00% | 32.53% | 31.29% | 27.78% | 24.54% | 9.44% | -26.20% | -34.94% | 23.13% | 28.21% | 18.82% |
| Total Other Income/Expenses | 0.00 | -3.68M | -4.23M | -5.01M | -2.49M | -2.12M | -3.08M | -1.10M | -3.53M | -3.74M | -3.81M | -1.15M | 0.00 | 0.00 | -1.98M | -597.00K | -1.08M | -835.00K | -1.03M | -275.00K | -7.91M | -9.77M | -12.92M | -17.96M | -14.30M | -7.60M | -6.70M | -5.20M |
| Income Before Tax | 53.00M | 51.42M | 48.13M | 31.12M | 30.32M | 27.31M | 22.43M | 18.20M | 14.37M | 9.55M | 7.68M | 6.47M | 3.32M | 2.83M | -1.98M | 2.55M | 6.70M | 8.79M | 9.90M | 8.38M | 7.28M | 5.82M | 1.66M | -5.07M | -5.80M | 3.40M | 3.30M | 1.60M |
| Income Before Tax Ratio | 53.01% | 52.67% | 55.11% | 41.51% | 45.37% | 43.39% | 41.95% | 38.68% | 34.44% | 25.97% | 23.13% | 18.98% | 9.57% | 8.07% | -6.07% | 8.08% | 22.07% | 28.00% | 32.53% | 31.29% | 27.78% | 24.54% | 9.44% | -26.20% | -34.94% | 23.13% | 28.21% | 18.82% |
| Income Tax Expense | 13.29M | 12.96M | 12.01M | 7.48M | 6.66M | 5.39M | 9.54M | 6.48M | 4.81M | 3.15M | 2.57M | 2.23M | 769.00K | 589.00K | -898.00K | 616.00K | 1.98M | 2.94M | 3.69M | 3.05M | 2.70M | 2.11M | -382.00K | 839.00K | -2.40M | 1.30M | 1.30M | 600.00K |
| Net Income | 39.71M | 38.46M | 36.12M | 23.64M | 23.65M | 21.92M | 12.89M | 11.73M | 9.56M | 6.41M | 5.12M | 4.24M | 2.55M | 2.24M | -1.08M | 1.93M | 4.73M | 5.85M | 6.21M | 5.33M | 4.58M | 3.71M | 2.04M | -5.91M | -3.40M | 2.10M | 2.00M | 1.00M |
| Net Income Ratio | 39.72% | 39.39% | 41.36% | 31.54% | 35.40% | 34.83% | 24.11% | 24.92% | 22.91% | 17.42% | 15.40% | 12.45% | 7.35% | 6.39% | -3.32% | 6.12% | 15.56% | 18.62% | 20.41% | 19.90% | 17.49% | 15.64% | 11.61% | -30.54% | -20.48% | 14.29% | 17.09% | 11.76% |
| EPS | 3.89 | 3.66 | 3.47 | 2.21 | 2.18 | 2.04 | 1.22 | 1.40 | 1.03 | 0.75 | 0.50 | 0.32 | 0.12 | 0.09 | -0.14 | 0.24 | 0.59 | 0.70 | 0.72 | 0.66 | 0.61 | 0.45 | 0.31 | -1.08 | -0.62 | 0.45 | 0.21 | 0.32 |
| EPS Diluted | 3.84 | 3.59 | 3.42 | 2.19 | 2.14 | 2.01 | 1.20 | 1.38 | 1.02 | 0.74 | 0.48 | 0.31 | 0.12 | 0.09 | -0.14 | 0.23 | 0.57 | 0.67 | 0.68 | 0.62 | 0.58 | 0.43 | 0.31 | -1.08 | -0.52 | 0.43 | 0.21 | 0.32 |
| Weighted Avg Shares Out | 10.21M | 10.51M | 10.40M | 10.71M | 10.85M | 10.73M | 10.56M | 9.42M | 9.27M | 8.64M | 8.30M | 8.22M | 8.07M | 7.89M | 7.83M | 7.81M | 7.97M | 8.38M | 8.59M | 8.59M | 7.58M | 8.08M | 6.65M | 5.46M | 5.49M | 4.72M | 4.61M | 3.30M |
| Weighted Avg Shares Out (Dil) | 10.34M | 10.71M | 10.55M | 10.81M | 11.03M | 10.92M | 10.75M | 9.57M | 9.38M | 8.74M | 8.59M | 8.57M | 8.51M | 8.19M | 7.83M | 7.99M | 8.28M | 8.80M | 9.04M | 8.59M | 7.94M | 8.57M | 6.65M | 5.46M | 6.60M | 4.95M | 4.61M | 3.30M |
Unity Bancorp Reports Quarterly Earnings of $10.9 Million
CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income...
Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program
CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program.
Unity Bank's 18th Annual Classic Car Show to Benefit Family Promise Seeks Registrants and Sponsors
CLINTON, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bank is inviting classic car owners and local businesses to participate in the 18th Annual Crusin' Bob's Classic Car Show, which will be held at the bank's Clinton headquarters, 64 Old...
Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion
CLINTON, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company, has once again been recognized in the prestigious Top 25 Banks ranking by Bank Director magazine.
Unity Bancorp Inc. Declares Cash Dividend
CLINTON, N.J., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on September...
Unity Bancorp Inc. Announces New Share Repurchase Program
CLINTON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up...
Here's What Key Metrics Tell Us About Unity Bancorp (UNTY) Q2 Earnings
While the top- and bottom-line numbers for Unity Bancorp (UNTY) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Unity Bancorp (UNTY) Q2 Earnings and Revenues Miss Estimates
Unity Bancorp (UNTY) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.95 per share a year ago.
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income...
What Makes Unity Bancorp (UNTY) a New Buy Stock
Unity Bancorp (UNTY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Source: https://incomestatements.info
Category: Stock Reports