Unity Bancorp

Unity Bancorp, Inc. is a bank holding company, which engages in the ownership and supervision of Unity Bank. The firm accepts personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and demand and savings deposits. Its loan portfolio comprises credit cards, mortgage, home equity, and personal loans. The company was founded in 1991 and is headquartered in Clinton, NJ.

Earnings data Q2 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The headline numbers for Unity Bancorp (UNTY) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Unity Bancorp (UNTY) Reports Q1 Earnings: What Key Metrics Have to Say

CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of $9.8 million, or $0.96 per diluted share for the quarter ended December 31, 2023. This represents a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share.

Unity Bancorp Reports Quarterly Earnings of $9.6 Million

Get a deeper insight into the potential performance of Unity Bancorp (UNTY) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Seeking Clues to Unity Bancorp (UNTY) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Unity Bancorp (UNTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Unity Bancorp (UNTY) Q1 Earnings Expected to Decline

Unity Bancorp (UNTY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Unity Bancorp (UNTY) Soars 6.8%: Is Further Upside Left in the Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Unity Bancorp (UNTY) a Great Value Stock Right Now?

CLINTON, N.J., Feb. 22, 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 March 29, 2024, to shareholders of record as of March 15, 2024.

Unity Bancorp Announces 8% Increase in First Quarter Dividend

While the top- and bottom-line numbers for Unity Bancorp (UNTY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Unity Bancorp (UNTY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

CLINTON, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.8 million, or $0.96 per diluted share, for the quarter ended December 31, 2023, compared to net income of $9.9 million, or $0.97 per diluted share for the quarter ended September 30, 2023. This represents a 1.8% decrease in net income and a 1.0% decrease in net income per diluted share. For the twelve months ended December 31, 2023, the Company reported net income of $39.7 million or $3.84 per diluted share, compared to net income of $38.5 million or $3.59 per diluted share for the twelve months ended December 31, 2022. This represents a 3.3% increase in net income and a 7.0% increase in net income per diluted share.

Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million

Unity Bancorp (UNTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Unity Bancorp (UNTY) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Adult Day Care Center Also To Be Offered at Former Holiday Inn Property Adult Day Care Center Also To Be Offered at Former Holiday Inn Property

Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center

CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per common share. Such dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023.

Unity Bancorp Declares Cash Dividend

The headline numbers for Unity Bancorp (UNTY) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Unity Bancorp (UNTY) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Unity Bancorp has posted a rise in third-quarter revenue and earnings that beat analysts' expectations in what it called a “challenging economic environment.” Its shares rose 0.8% to $23.73 in early Friday trading in New York.

Unity Bancorp shares rise on 3Q earnings beat

Unity Bancorp (UNTY) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.93 per share a year ago.

Unity Bancorp (UNTY) Q3 Earnings and Revenues Beat Estimates

CLINTON, N.J., Oct. 13, 2023 (GLOBE NEWSWIRE) --  Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.97 per diluted share, for the quarter ended September 30, 2023, compared to net income of $9.7 million, or $0.95 per diluted share for the quarter ended June 30, 2023. This represents a 2.6% increase in net income and a 2.1% increase in net income per diluted share. For the nine months ended September 30, 2023, Unity reported net income of $29.9 million or $2.88 per diluted share, compared to net income of $28.5 million or $2.67 per diluted share for the nine months ended September 30, 2022. This represents a 5.0% increase in net income and a 7.9% increase in net income per diluted share.

Unity Bancorp Reports Quarterly Earnings of $9.9 Million

Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff's CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff's CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS

Unity Bank Opens Parsippany Area Branch Joined by Business & Community Leaders

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unity Bancorp (UNTY) have what it takes?

Why Unity Bancorp (UNTY) is a Top Dividend Stock for Your Portfolio

Solid revenue growth, opening new branches, efforts to bolster fee income and efficient capital deployments make Unity Bancorp (UNTY) stock a compelling investment idea.

5 Reasons Why Unity Bancorp (UNTY) Stock Is Worth Betting On

CLINTON, N.J., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank , has been selected for the second year in a row for the national Top 25 Banks ranking published by Bank Director magazine.

Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks

CLINTON, N.J., July 19, 2023 (GLOBE NEWSWIRE) -- Unity Bank was recently named the Best Bank 2023 by Hunterdon Happening , an annual rating of businesses located in Hunterdon County started in 2011. Hunterdon Happening reports that more than 300,000 votes were cast in the most recent review of local businesses.

Unity Bank Named Best Bank 2023 by Hunterdon Happening

Unity Bancorp is active in New Jersey. Its loan portfolio mainly consists of commercial real estate. Unfortunately, the bank does not provide a lot of details on its loan portfolio. I would like to see more details on the CRE portfolio. The residential mortgage portfolio mainly consists of mortgages issued to customers that don't qualify for conventional financing.

Unity Bancorp: Cheap Based On Earnings, But Too Much Of A Black Box

On July 14, 2023, Unity Bancorp Inc ( UNTY , Financial) recorded a significant price change of 5.15%, with the stock trading at $24.3 per share. Boasting a market cap of $244.7 million and sales of $100.8 million, the company's EPS stands at $3.7.

A Comprehensive Analysis of Unity Bancorp's (UNTY) Modest Undervaluation

Although the revenue and EPS for Unity Bancorp (UNTY) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Unity Bancorp (UNTY) Reports Q2 Earnings: What Key Metrics Have to Say

Unity Bancorp (UNTY) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.88 per share a year ago.

News for Unity Bancorp Stock (UNTY)