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Unity Bancorp (UNTY) Financials

Unity Bancorp logo
$43.03 -0.64 (-1.47%)
Closing price 04:00 PM Eastern
Extended Trading
$43.02 -0.01 (-0.02%)
As of 04:04 PM Eastern
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Annual Income Statements for Unity Bancorp

Annual Income Statements for Unity Bancorp

This table shows Unity Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 41 40 38
Consolidated Net Income / (Loss)		 41 40 38
Net Income / (Loss) Continuing Operations		 41 40 38
Total Pre-Tax Income 		54 53 51
Total Revenue		 107 103 98
Net Interest Income / (Expense)		 99 95 90
Total Interest Income		 156 143 101
Loans and Leases Interest Income		 146 134 95
Investment Securities Interest Income		 7.38 7.34 4.81
Deposits and Money Market Investments Interest Income		 2.03 1.72 0.74
Total Interest Expense		 57 48 11
Deposits Interest Expense		 52 34 7.25
Long-Term Debt Interest Expense		 5.62 15 3.38
Total Non-Interest Income		 8.47 8.14 8.05
Other Service Charges		 1.64 4.44 2.82
Net Realized & Unrealized Capital Gains on Investments		 2.73 2.85 1.04
Other Non-Interest Income		 4.10 0.85 4.19
Provision for Credit Losses		 3.95 3.17 4.27
Total Non-Interest Expense		 49 47 42
Salaries and Employee Benefits		 30 29 27
Net Occupancy & Equipment Expense		 9.80 8.86 8.30
Marketing Expense		 1.61 1.44 1.21
Property & Liability Insurance Claims		 1.10 1.72 1.02
Other Operating Expenses		 6.48 5.91 4.97
Income Tax Expense		 13 13 13
Basic Earnings per Share		 $4.13 $3.89 $3.66
Weighted Average Basic Shares Outstanding		 10.03M 10.21M 10.51M
Diluted Earnings per Share		 $4.06 $3.84 $3.59
Weighted Average Diluted Shares Outstanding		 10.20M 10.34M 10.71M
Weighted Average Basic & Diluted Shares Outstanding		 10.06M 10.14M 10.59M
Cash Dividends to Common per Share		 $0.52 $0.48 $0.43

Quarterly Income Statements for Unity Bancorp

This table shows Unity Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Consolidated Net Income / (Loss)		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Net Income / (Loss) Continuing Operations		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Total Pre-Tax Income 		14 15 13 13 13 13 13 14 14 13
Total Revenue		 28 28 25 26 27 26 26 25 27 25
Net Interest Income / (Expense)		 26 25 23 24 24 24 24 24 25 24
Total Interest Income		 40 40 38 38 38 37 35 33 30 26
Loans and Leases Interest Income		 38 37 36 36 35 35 33 31 28 25
Investment Securities Interest Income		 1.83 1.92 1.77 1.87 1.90 1.87 1.82 1.76 1.61 1.42
Deposits and Money Market Investments Interest Income		 0.48 0.70 0.44 0.42 0.47 0.48 0.44 0.33 0.32 0.17
Total Interest Expense		 14 15 15 14 14 13 12 9.44 5.62 2.49
Deposits Interest Expense		 13 14 13 12 11 9.64 7.75 5.64 3.44 1.80
Long-Term Debt Interest Expense		 1.11 1.06 1.19 2.25 2.87 3.82 4.13 3.80 2.18 0.69
Total Non-Interest Income		 1.92 2.80 2.03 1.72 2.57 2.04 2.12 1.42 1.95 1.11
Other Service Charges		 -2.21 1.55 1.25 1.04 1.19 1.00 1.15 1.11 -0.48 0.36
Net Realized & Unrealized Capital Gains on Investments		 0.41 1.12 0.59 0.61 1.37 0.37 0.89 0.23 0.59 -0.30
Other Non-Interest Income		 3.71 0.14 0.19 0.07 0.01 0.68 0.08 0.08 1.84 1.05
Provision for Credit Losses		 1.30 1.08 0.93 0.64 1.81 0.56 0.69 0.11 1.75 1.52
Total Non-Interest Expense		 13 12 12 12 12 12 12 11 11 10
Salaries and Employee Benefits		 8.00 7.27 7.12 7.36 7.25 7.44 7.27 7.09 7.16 6.47
Net Occupancy & Equipment Expense		 2.48 2.45 2.47 2.39 2.35 2.11 2.13 2.26 2.12 2.03
Marketing Expense		 0.35 0.47 0.40 0.40 0.33 0.41 0.44 0.26 0.34 0.31
Property & Liability Insurance Claims		 0.20 0.25 0.32 0.34 0.35 0.40 0.62 0.35 0.27 0.23
Other Operating Expenses		 1.59 1.58 1.67 1.65 1.46 1.62 1.37 1.47 1.38 1.03
Income Tax Expense		 2.98 3.66 3.10 3.20 3.28 3.10 3.41 3.50 3.68 3.33
Basic Earnings per Share		 $1.15 $1.09 $0.94 $0.95 $0.97 $0.98 $0.96 $0.98 $0.95 $0.94
Weighted Average Basic Shares Outstanding		 10.03M 9.98M 10.02M 10.13M 10.21M 10.13M 10.10M 10.54M 10.51M 10.52M
Diluted Earnings per Share		 $1.13 $1.07 $0.93 $0.93 $0.96 $0.97 $0.95 $0.96 $0.93 $0.93
Weighted Average Diluted Shares Outstanding		 10.20M 10.15M 10.15M 10.28M 10.34M 10.26M 10.20M 10.69M 10.71M 10.71M
Weighted Average Basic & Diluted Shares Outstanding		 10.06M 9.99M 9.98M 10.04M 10.14M 10.06M 10.14M 10.07M 10.59M 10.55M
Cash Dividends to Common per Share		 $0.13 $0.13 $0.13 $0.13 $0.12 $0.12 $0.12 $0.12 - $0.11

Annual Cash Flow Statements for Unity Bancorp

This table details how cash moves in and out of Unity Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -14 80 -130
Net Cash From Operating Activities		 48 47 43
Net Cash From Continuing Operating Activities		 48 47 43
Net Income / (Loss) Continuing Operations		 41 40 38
Consolidated Net Income / (Loss)		 41 40 38
Provision For Loan Losses		 3.95 3.12 4.16
Depreciation Expense		 2.58 2.38 2.76
Amortization Expense		 -0.26 -0.26 0.01
Non-Cash Adjustments to Reconcile Net Income		 -2.72 -2.47 -3.93
Changes in Operating Assets and Liabilities, net		 2.99 4.44 1.21
Net Cash From Investing Activities		 -93 -58 -541
Net Cash From Continuing Investing Activities		 -93 -58 -541
Purchase of Property, Leasehold Improvements and Equipment		 -0.69 -0.96 -1.48
Purchase of Investment Securities		 -108 -70 -577
Sale and/or Maturity of Investments		 16 13 -5.19
Net Cash From Financing Activities		 30 91 369
Net Cash From Continuing Financing Activities		 30 91 369
Net Change in Deposits		 176 137 29
Issuance of Debt		 1.07 39 343
Repayment of Debt		 -137 -66 0.00
Repurchase of Common Equity		 -6.21 -16 -0.04
Payment of Dividends		 -5.02 -4.72 -4.37
Other Financing Activities, Net		 1.48 1.28 1.36
Cash Interest Paid		 57 47 10
Cash Income Taxes Paid		 14 13 14

Quarterly Cash Flow Statements for Unity Bancorp

This table details how cash moves in and out of Unity Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -14 -2.92 14 -12 33 10 24 12 -49 54
Net Cash From Operating Activities		 23 18 -8.45 16 25 13 -5.08 14 33 -2.28
Net Cash From Continuing Operating Activities		 23 18 -8.45 16 25 13 -5.08 14 33 -2.28
Net Income / (Loss) Continuing Operations		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Consolidated Net Income / (Loss)		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Provision For Loan Losses		 1.37 1.03 0.91 0.64 1.70 0.53 0.78 0.11 1.63 1.52
Depreciation Expense		 0.85 0.97 0.21 0.55 0.31 1.42 1.40 -0.74 0.64 0.70
Amortization Expense		 -0.07 -0.06 -0.16 0.03 -0.07 -0.17 -0.07 0.04 -0.01 -0.02
Non-Cash Adjustments to Reconcile Net Income		 0.22 -1.80 -0.89 -0.26 0.05 -1.00 -1.22 -0.30 0.85 -1.25
Changes in Operating Assets and Liabilities, net		 9.15 6.61 -18 5.21 13 2.60 -16 4.36 20 -13
Net Cash From Investing Activities		 -44 -47 0.96 -3.03 3.80 -2.38 -39 -20 -175 -156
Net Cash From Continuing Investing Activities		 -44 -47 0.96 -3.03 3.80 -2.38 -39 -20 -175 -156
Purchase of Property, Leasehold Improvements and Equipment		 -0.34 -0.14 -0.14 -0.08 -0.16 -0.21 -0.39 -0.20 -1.24 -0.14
Purchase of Investment Securities		 -49 -50 -1.74 -6.87 0.47 -7.30 -40 -23 -160 -161
Sale and/or Maturity of Investments		 5.67 3.09 2.84 3.92 6.99 5.07 -2.18 3.28 -15 -2.64
Net Cash From Financing Activities		 7.16 26 22 -25 4.63 -0.74 69 18 93 213
Net Cash From Continuing Financing Activities		 7.16 26 22 -25 4.63 -0.74 69 18 93 213
Net Change in Deposits		 54 35 50 37 39 35 26 36 -9.07 99
Issuance of Debt		 -3.29 -10 10 4.36 19 15 - 5.00 - -
Repayment of Debt		 -43 2.00 -35 -61 -52 -49 49 -14 -240 115
Repurchase of Common Equity		 -0.01 -0.28 -1.84 -4.08 -1.41 -0.92 -5.14 -8.22 -0.04 -
Payment of Dividends		 -1.26 -1.25 -1.25 -1.26 -1.17 -1.17 -1.17 -1.22 -1.13 -1.12
Other Financing Activities, Net		 0.56 0.16 0.05 0.72 0.16 0.36 0.24 0.53 0.23 0.40
Cash Interest Paid		 14 15 14 14 13 13 12 9.20 5.22 2.32
Cash Income Taxes Paid		 3.59 3.87 6.37 0.25 3.12 6.54 - 3.56 4.57 4.67

Annual Balance Sheets for Unity Bancorp

This table presents Unity Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 2,654 2,579 2,445
Cash and Due from Banks		 20 21 20
Interest Bearing Deposits at Other Banks		 160 174 95
Trading Account Securities		 145 136 141
Loans and Leases, Net of Allowance		 2,234 2,146 2,081
Loans and Leases		 2,261 2,172 2,107
Allowance for Loan and Lease Losses		 27 26 25
Premises and Equipment, Net		 19 20 20
Goodwill		 1.52 1.52 -
Other Assets		 74 81 86
Total Liabilities & Shareholders' Equity		 2,654 2,579 2,445
Total Liabilities		 2,358 2,317 2,206
Non-Interest Bearing Deposits		 441 420 494
Interest Bearing Deposits		 1,660 1,505 1,293
Accrued Interest Payable		 1.70 1.92 0.69
Long-Term Debt		 231 367 393
Other Long-Term Liabilities		 26 24 24
Total Equity & Noncontrolling Interests		 296 261 239
Total Preferred & Common Equity		 296 261 239
Preferred Stock		 0.00 0.00 -
Total Common Equity		 296 261 239
Common Stock		 104 100 97
Retained Earnings		 227 191 157
Treasury Stock		 -34 -27 -12
Accumulated Other Comprehensive Income / (Loss)		 -2.11 -2.74 -3.26

Quarterly Balance Sheets for Unity Bancorp

This table presents Unity Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,635 2,598 2,568 2,563 2,552 2,476 2,340
Cash and Due from Banks		 29 31 21 26 23 24 25
Interest Bearing Deposits at Other Banks		 166 166 162 135 129 103 138
Trading Account Securities		 144 145 139 136 137 138 137
Loans and Leases, Net of Allowance		 2,190 2,144 2,148 2,147 2,141 2,128 1,919
Loans and Leases		 2,217 2,171 2,174 2,173 2,167 2,154 1,942
Allowance for Loan and Lease Losses		 27 26 26 26 26 26 24
Premises and Equipment, Net		 19 19 19 20 20 20 19
Intangible Assets		 1.52 1.52 1.52 1.52 1.52 1.52 1.52
Other Assets		 86 90 77 97 101 2,189 100
Total Liabilities & Shareholders' Equity		 2,635 2,598 2,568 2,563 2,552 2,476 2,340
Total Liabilities		 2,351 2,324 2,301 2,311 2,308 2,235 2,109
Non-Interest Bearing Deposits		 424 422 396 425 439 450 498
Interest Bearing Deposits		 1,622 1,589 1,566 1,459 1,410 1,374 1,299
Accrued Interest Payable		 1.77 1.66 1.55 1.41 0.72 0.93 0.29
Long-Term Debt		 277 285 310 399 433 384 290
Other Long-Term Liabilities		 26 27 29 25 25 26 22
Total Equity & Noncontrolling Interests		 284 273 267 252 244 240 230
Total Preferred & Common Equity		 284 273 267 252 244 240 230
Total Common Equity		 284 273 267 252 244 240 230
Common Stock		 103 102 102 100 99 98 96
Retained Earnings		 217 208 199 183 174 165 148
Treasury Stock		 -34 -33 -31 -26 -25 -20 -12
Accumulated Other Comprehensive Income / (Loss)		 -2.20 -3.08 -2.85 -3.96 -3.62 -3.18 -2.80

Annual Metrics And Ratios for Unity Bancorp

This table displays calculated financial ratios and metrics derived from Unity Bancorp's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 3.82% 5.08% 10.17%
EBITDA Growth		 2.90% 1.71% 8.49%
EBIT Growth		 2.63% 3.06% 6.84%
NOPAT Growth		 4.39% 3.25% 6.47%
Net Income Growth		 4.39% 3.25% 6.47%
EPS Growth		 5.73% 6.96% 4.66%
Operating Cash Flow Growth		 2.30% 9.94% 31.17%
Free Cash Flow Firm Growth		 225.04% 113.04% -305.74%
Invested Capital Growth		 -16.20% -0.69% 147.05%
Revenue Q/Q Growth		 1.72% -0.06% 3.35%
EBITDA Q/Q Growth		 3.63% -1.75% 1.16%
EBIT Q/Q Growth		 2.72% -1.10% 0.99%
NOPAT Q/Q Growth		 4.37% -0.47% 0.55%
Net Income Q/Q Growth		 4.37% -0.47% 0.55%
EPS Q/Q Growth		 4.37% 0.79% 0.00%
Operating Cash Flow Q/Q Growth		 -3.77% -14.90% 94.73%
Free Cash Flow Firm Q/Q Growth		 10.47% 148.50% -56.70%
Invested Capital Q/Q Growth		 -6.23% -3.55% 21.51%
Profitability Metrics		 - - -
EBITDA Margin		 52.96% 53.44% 55.21%
EBIT Margin		 50.79% 51.38% 52.39%
Profit (Net Income) Margin		 38.71% 38.50% 39.18%
Tax Burden Percent		 76.21% 74.93% 74.79%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 23.79% 25.07% 25.21%
Return on Invested Capital (ROIC)		 7.18% 6.30% 8.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.18% 6.30% 8.66%
Return on Net Nonoperating Assets (RNNOA)		 7.70% 9.56% 8.63%
Return on Equity (ROE)		 14.88% 15.86% 17.29%
Cash Return on Invested Capital (CROIC)		 24.81% 6.99% -76.09%
Operating Return on Assets (OROA)		 2.08% 2.11% 2.30%
Return on Assets (ROA)		 1.58% 1.58% 1.72%
Return on Common Equity (ROCE)		 14.88% 15.86% 17.29%
Return on Equity Simple (ROE_SIMPLE)		 14.02% 15.19% 16.08%
Net Operating Profit after Tax (NOPAT)		 41 40 38
NOPAT Margin		 38.71% 38.50% 39.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 38.44% 38.15% 37.15%
Operating Expenses to Revenue		 45.52% 45.55% 43.26%
Earnings before Interest and Taxes (EBIT)		 54 53 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 55 54
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.47 1.12 1.15
Price to Tangible Book Value (P/TBV)		 1.48 1.12 1.16
Price to Revenue (P/Rev)		 4.05 2.83 2.81
Price to Earnings (P/E)		 10.47 7.35 7.18
Dividend Yield		 1.20% 2.07% 1.64%
Earnings Yield		 9.55% 13.61% 13.93%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.74 0.88
Enterprise Value to Revenue (EV/Rev)		 4.52 4.50 5.65
Enterprise Value to EBITDA (EV/EBITDA)		 8.54 8.41 10.23
Enterprise Value to EBIT (EV/EBIT)		 8.91 8.75 10.78
Enterprise Value to NOPAT (EV/NOPAT)		 11.69 11.68 14.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.09 9.89 13.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.38 10.52 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.78 1.40 1.64
Long-Term Debt to Equity		 0.78 1.40 1.64
Financial Leverage		 1.07 1.52 1.00
Leverage Ratio		 9.39 10.03 10.07
Compound Leverage Factor		 9.39 10.03 10.07
Debt to Total Capital		 43.85% 58.38% 62.18%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 43.85% 58.38% 62.18%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.15% 41.62% 37.82%
Debt to EBITDA		 4.07 6.65 7.26
Net Debt to EBITDA		 0.89 3.12 5.14
Long-Term Debt to EBITDA		 4.07 6.65 7.26
Debt to NOPAT		 5.57 9.24 10.23
Net Debt to NOPAT		 1.22 4.33 7.24
Long-Term Debt to NOPAT		 5.57 9.24 10.23
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 143 44 -338
Operating Cash Flow to CapEx		 6,924.53% 4,911.94% 2,879.15%
Free Cash Flow to Firm to Interest Expense		 2.51 0.91 -31.80
Operating Cash Flow to Interest Expense		 0.84 0.97 4.01
Operating Cash Flow Less CapEx to Interest Expense		 0.83 0.95 3.87
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 5.59 5.21 4.92
Capital & Investment Metrics		 - - -
Invested Capital		 526 628 633
Invested Capital Turnover		 0.19 0.16 0.22
Increase / (Decrease) in Invested Capital		 -102 -4.36 376
Enterprise Value (EV)		 484 464 555
Market Capitalization		 434 292 276
Book Value per Share		 $29.60 $25.99 $22.69
Tangible Book Value per Share		 $29.45 $25.84 $22.54
Total Capital		 526 628 633
Total Debt		 231 367 393
Total Long-Term Debt		 231 367 393
Net Debt		 50 172 279
Capital Expenditures (CapEx)		 0.69 0.96 1.48
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 231 367 393
Total Depreciation and Amortization (D&A)		 2.32 2.12 2.77
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $4.13 $3.89 $3.66
Adjusted Weighted Average Basic Shares Outstanding		 10.03M 10.21M 10.51M
Adjusted Diluted Earnings per Share		 $4.06 $3.84 $3.59
Adjusted Weighted Average Diluted Shares Outstanding		 10.20M 10.34M 10.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.06M 10.14M 10.59M
Normalized Net Operating Profit after Tax (NOPAT)		 41 40 38
Normalized NOPAT Margin		 38.71% 38.50% 39.18%
Pre Tax Income Margin		 50.79% 51.38% 52.39%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.95 1.09 4.84
NOPAT to Interest Expense		 0.73 0.82 3.62
EBIT Less CapEx to Interest Expense		 0.94 1.07 4.70
NOPAT Less CapEx to Interest Expense		 0.71 0.80 3.48
Payout Ratios		 - - -
Dividend Payout Ratio		 12.11% 11.89% 11.37%
Augmented Payout Ratio		 27.10% 51.41% 11.48%

Quarterly Metrics And Ratios for Unity Bancorp

This table displays calculated financial ratios and metrics derived from Unity Bancorp's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 6.79% 8.14% -0.70% 0.92% -0.21% 2.93% 4.62% 14.38% 13.56% 10.28%
EBITDA Growth		 14.94% 8.22% -12.76% 2.16% -6.88% 2.52% 6.14% 5.82% 4.55% 5.11%
EBIT Growth		 11.03% 11.65% -4.25% -7.30% -4.31% -1.66% 3.97% 15.78% 3.83% 4.70%
NOPAT Growth		 17.76% 9.60% -2.54% -6.81% -1.87% 0.08% 2.63% 12.94% 2.15% 5.11%
Net Income Growth		 17.76% 9.60% -2.54% -6.81% -1.87% 0.08% 2.63% 12.94% 2.15% 5.11%
EPS Growth		 17.71% 10.31% -2.11% -3.13% 3.23% 4.30% 7.95% 12.94% 0.00% 3.33%
Operating Cash Flow Growth		 -7.56% 32.37% -66.32% 14.63% -24.79% 684.19% 34.63% -29.89% 168.00% -597.39%
Free Cash Flow Firm Growth		 701.80% 183.47% 147.25% 116.57% 103.85% 50.49% -1,102.66% -431.46% -365.75% -250.24%
Invested Capital Growth		 -16.20% -13.81% -17.55% -7.73% -0.69% 25.12% 71.01% 135.55% 147.05% 95.27%
Revenue Q/Q Growth		 2.70% 8.65% -0.40% -3.91% 4.00% -0.24% 1.22% -4.99% 7.28% 1.40%
EBITDA Q/Q Growth		 -1.34% 22.84% -5.79% 0.66% -7.10% -0.98% 10.33% -8.25% 2.27% 2.52%
EBIT Q/Q Growth		 -0.55% 16.05% -1.81% -2.02% 0.01% -0.47% -4.95% 1.14% 2.77% 5.23%
NOPAT Q/Q Growth		 5.50% 15.35% -1.38% -1.88% -1.81% 2.58% -5.71% 3.32% 0.14% 5.20%
Net Income Q/Q Growth		 5.50% 15.35% -1.38% -1.88% -1.81% 2.58% -5.71% 3.32% 0.14% 5.20%
EPS Q/Q Growth		 5.61% 15.05% 0.00% -3.13% -1.03% 2.11% -1.04% 3.23% 0.00% 5.68%
Operating Cash Flow Q/Q Growth		 30.40% 308.95% -153.60% -36.70% 86.71% 362.54% -136.95% -58.47% 1,550.37% 70.62%
Free Cash Flow Firm Q/Q Growth		 12.34% -21.42% 121.70% 309.70% 111.70% 55.52% 22.24% 4.72% -50.21% -980.62%
Invested Capital Q/Q Growth		 -6.23% 0.51% -3.12% -8.23% -3.55% -3.85% 8.42% -1.23% 21.51% 31.42%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 53.75% 55.95% 49.49% 52.32% 49.94% 55.91% 56.33% 51.68% 53.52% 56.14%
EBIT Margin		 51.00% 52.67% 49.31% 50.02% 49.05% 51.01% 51.13% 54.45% 51.15% 53.39%
Profit (Net Income) Margin		 40.50% 39.43% 37.14% 37.51% 36.73% 38.90% 37.84% 40.62% 37.35% 40.01%
Tax Burden Percent		 79.42% 74.86% 75.32% 74.98% 74.88% 76.26% 74.00% 74.59% 73.02% 74.94%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.58% 25.14% 24.68% 25.02% 25.12% 23.74% 26.01% 25.41% 26.98% 25.06%
Return on Invested Capital (ROIC)		 7.51% 6.85% 6.20% 6.46% 6.01% 6.85% 7.22% 9.25% 8.25% 9.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.51% 6.85% 6.20% 6.46% 6.01% 6.85% 7.22% 9.25% 8.25% 9.66%
Return on Net Nonoperating Assets (RNNOA)		 8.06% 8.62% 8.61% 8.83% 9.12% 9.79% 9.46% 8.83% 8.23% 8.16%
Return on Equity (ROE)		 15.57% 15.47% 14.81% 15.29% 15.13% 16.64% 16.68% 18.08% 16.48% 17.82%
Cash Return on Invested Capital (CROIC)		 24.81% 21.38% 25.51% 14.54% 6.99% -15.51% -44.98% -71.89% -76.09% -54.81%
Operating Return on Assets (OROA)		 2.09% 2.13% 1.98% 2.05% 2.01% 2.15% 2.24% 2.43% 2.24% 2.34%
Return on Assets (ROA)		 1.66% 1.60% 1.49% 1.54% 1.51% 1.64% 1.66% 1.81% 1.64% 1.75%
Return on Common Equity (ROCE)		 15.57% 15.47% 14.81% 15.29% 15.13% 16.64% 16.68% 18.08% 16.48% 17.82%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.97% 14.18% 14.62% 0.00% 15.81% 16.34% 16.48% 0.00% 16.61%
Net Operating Profit after Tax (NOPAT)		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
NOPAT Margin		 40.50% 39.43% 37.14% 37.51% 36.73% 38.90% 37.84% 40.62% 37.35% 40.01%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 38.12% 36.85% 39.25% 39.69% 37.34% 38.93% 38.41% 37.96% 36.10% 35.44%
Operating Expenses to Revenue		 44.42% 43.43% 47.06% 47.47% 44.14% 46.81% 46.16% 45.12% 42.29% 40.50%
Earnings before Interest and Taxes (EBIT)		 14 15 13 13 13 13 13 14 14 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 15 15 13 13 13 14 14 13 14 14
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.47 1.19 1.07 1.03 1.12 0.91 0.94 0.97 1.15 1.09
Price to Tangible Book Value (P/TBV)		 1.48 1.19 1.08 1.04 1.12 0.92 0.95 0.97 1.16 1.10
Price to Revenue (P/Rev)		 4.05 3.21 2.85 2.67 2.83 2.24 2.24 2.29 2.81 2.65
Price to Earnings (P/E)		 10.47 8.51 7.58 7.07 7.35 5.79 5.76 5.86 7.18 6.58
Dividend Yield		 1.20% 1.86% 2.12% 2.24% 2.07% 2.06% 2.02% 2.05% 1.64% 1.75%
Earnings Yield		 9.55% 11.76% 13.19% 14.15% 13.61% 17.28% 17.37% 17.06% 13.93% 15.20%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.75 0.68 0.70 0.74 0.72 0.76 0.78 0.88 0.73
Enterprise Value to Revenue (EV/Rev)		 4.52 3.99 3.70 3.89 4.50 4.54 4.99 4.83 5.65 3.99
Enterprise Value to EBITDA (EV/EBITDA)		 8.54 7.68 7.12 7.26 8.41 8.35 9.18 8.92 10.23 7.07
Enterprise Value to EBIT (EV/EBIT)		 8.91 7.94 7.42 7.74 8.75 8.74 9.51 9.19 10.78 7.44
Enterprise Value to NOPAT (EV/NOPAT)		 11.69 10.59 9.84 10.32 11.68 11.74 12.83 12.35 14.42 9.90
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.09 8.43 8.38 8.23 9.89 8.50 12.96 13.30 13.00 17.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.38 3.24 2.42 4.61 10.52 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.78 0.97 1.04 1.16 1.40 1.58 1.78 1.60 1.64 1.26
Long-Term Debt to Equity		 0.78 0.97 1.04 1.16 1.40 1.58 1.78 1.60 1.64 1.26
Financial Leverage		 1.07 1.26 1.39 1.37 1.52 1.43 1.31 0.95 1.00 0.85
Leverage Ratio		 9.39 9.69 9.95 9.94 10.03 10.16 10.04 9.98 10.07 10.15
Compound Leverage Factor		 9.39 9.69 9.95 9.94 10.03 10.16 10.04 9.98 10.07 10.15
Debt to Total Capital		 43.85% 49.36% 51.05% 53.72% 58.38% 61.25% 63.97% 61.51% 62.18% 55.77%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 43.85% 49.36% 51.05% 53.72% 58.38% 61.25% 63.97% 61.51% 62.18% 55.77%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.15% 50.64% 48.95% 46.28% 41.62% 38.75% 36.03% 38.49% 37.82% 44.23%
Debt to EBITDA		 4.07 5.06 5.32 5.59 6.65 7.11 7.77 7.00 7.26 5.42
Net Debt to EBITDA		 0.89 1.51 1.64 2.29 3.12 4.23 5.06 4.68 5.14 2.37
Long-Term Debt to EBITDA		 4.07 5.06 5.32 5.59 6.65 7.11 7.77 7.00 7.26 5.42
Debt to NOPAT		 5.57 6.98 7.36 7.94 9.24 10.00 10.86 9.70 10.23 7.59
Net Debt to NOPAT		 1.22 2.08 2.26 3.25 4.33 5.95 7.07 6.49 7.24 3.32
Long-Term Debt to NOPAT		 5.57 6.98 7.36 7.94 9.24 10.00 10.86 9.70 10.23 7.59
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 113 101 128 58 14 -121 -272 -349 -367 -244
Operating Cash Flow to CapEx		 6,790.56% 12,700.72% -6,167.15% 20,207.69% 15,467.08% 6,232.24% -1,319.48% 7,051.28% 2,666.02% -1,596.50%
Free Cash Flow to Firm to Interest Expense		 8.22 6.86 8.81 4.11 1.03 -8.98 -22.88 -36.98 -65.27 -98.16
Operating Cash Flow to Interest Expense		 1.67 1.20 -0.58 1.12 1.81 0.99 -0.43 1.46 5.90 -0.92
Operating Cash Flow Less CapEx to Interest Expense		 1.65 1.19 -0.59 1.11 1.80 0.98 -0.46 1.44 5.67 -0.98
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 5.59 5.45 5.29 5.28 5.21 5.31 5.23 5.14 4.92 4.85
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 526 561 559 576 628 651 677 625 633 521
Invested Capital Turnover		 0.19 0.17 0.17 0.17 0.16 0.18 0.19 0.23 0.22 0.24
Increase / (Decrease) in Invested Capital		 -102 -90 -119 -48 -4.36 131 281 360 376 254
Enterprise Value (EV)		 484 420 382 402 464 468 512 490 555 379
Market Capitalization		 434 338 294 276 292 231 230 232 276 252
Book Value per Share		 $29.60 $28.48 $27.23 $26.31 $25.99 $24.90 $24.24 $22.71 $22.69 $21.91
Tangible Book Value per Share		 $29.45 $28.33 $27.08 $26.16 $25.84 $24.75 $24.09 $22.57 $22.54 $21.76
Total Capital		 526 561 559 576 628 651 677 625 633 521
Total Debt		 231 277 285 310 367 399 433 384 393 290
Total Long-Term Debt		 231 277 285 310 367 399 433 384 393 290
Net Debt		 50 83 88 127 172 237 282 257 279 127
Capital Expenditures (CapEx)		 0.34 0.14 0.14 0.08 0.16 0.21 0.39 0.20 1.24 0.14
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 231 277 285 310 367 399 433 384 393 290
Total Depreciation and Amortization (D&A)		 0.78 0.91 0.05 0.59 0.24 1.25 1.33 -0.70 0.63 0.68
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.15 $1.09 $0.94 $0.95 $0.97 $0.98 $0.96 $0.98 $0.95 $0.94
Adjusted Weighted Average Basic Shares Outstanding		 10.03M 9.98M 10.02M 10.13M 10.21M 10.13M 10.10M 10.54M 10.51M 10.52M
Adjusted Diluted Earnings per Share		 $1.13 $1.07 $0.93 $0.93 $0.96 $0.97 $0.95 $0.96 $0.93 $0.93
Adjusted Weighted Average Diluted Shares Outstanding		 10.20M 10.15M 10.15M 10.28M 10.34M 10.26M 10.20M 10.69M 10.71M 10.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.06M 9.99M 9.98M 10.04M 10.14M 10.06M 10.14M 10.07M 10.59M 10.55M
Normalized Net Operating Profit after Tax (NOPAT)		 12 11 9.45 9.59 9.77 9.95 9.70 10 9.96 9.94
Normalized NOPAT Margin		 40.50% 39.43% 37.14% 37.51% 36.73% 38.90% 37.84% 40.62% 37.35% 40.01%
Pre Tax Income Margin		 51.00% 52.67% 49.31% 50.02% 49.05% 51.01% 51.13% 54.45% 51.15% 53.39%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.05 0.99 0.86 0.91 0.95 0.97 1.10 1.46 2.43 5.34
NOPAT to Interest Expense		 0.84 0.74 0.65 0.68 0.71 0.74 0.82 1.09 1.77 4.00
EBIT Less CapEx to Interest Expense		 1.03 0.98 0.85 0.90 0.94 0.95 1.07 1.44 2.21 5.28
NOPAT Less CapEx to Interest Expense		 0.81 0.73 0.64 0.67 0.70 0.72 0.78 1.07 1.55 3.94
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 12.11% 12.41% 12.51% 12.22% 11.89% 11.73% 11.61% 11.56% 11.37% 11.12%
Augmented Payout Ratio		 27.10% 31.58% 33.80% 41.83% 51.41% 47.63% 45.22% 32.40% 11.48% 11.34%

Frequently Asked Questions About Unity Bancorp's Financials

When does Unity Bancorp's fiscal year end?

According to the most recent income statement we have on file, Unity Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Unity Bancorp's net income changed over the last 2 years?

Unity Bancorp's net income appears to be on an upward trend, with a most recent value of $41.45 million in 2024, rising from $38.46 million in 2022. The previous period was $39.71 million in 2023. Find out what analysts predict for Unity Bancorp in the coming months.

How has Unity Bancorp revenue changed over the last 2 years?

Over the last 2 years, Unity Bancorp's total revenue changed from $98.15 million in 2022 to $107.08 million in 2024, a change of 9.1%.

How much debt does Unity Bancorp have?

Unity Bancorp's total liabilities were at $2.36 billion at the end of 2024, a 1.8% increase from 2023, and a 6.9% increase since 2022.

How much cash does Unity Bancorp have?

In the past 2 years, Unity Bancorp's cash and equivalents has ranged from $19.70 million in 2022 to $20.67 million in 2023, and is currently $20.21 million as of their latest financial filing in 2024.

How has Unity Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Unity Bancorp's book value per share changed from 22.69 in 2022 to 29.60 in 2024, a change of 30.5%.


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This page (NASDAQ:UNTY) was last updated on 5/22/2025 by MarketBeat.com Staff
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