NASDAQ : UNTY
Unity Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 58.1 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 584.95M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 178.98M | 164.21M | 145.53M | 133.06M | 94.80M | 83.06M |
| Interest Income on Investments | 8.69M | 9.42M | 10.20M | 10.44M | 5.94M | 1.72M |
| Total Interest Income | 187.67M | 173.63M | 155.74M | 143.49M | 100.74M | 84.78M |
| Interest Paid on Deposits | 55.79M | 52.36M | 51.51M | 33.88M | 7.25M | 6.59M |
| Interest Paid on Borrowings | 3.67M | 4.24M | 5.62M | 14.61M | 3.38M | 1.15M |
| Total Interest Expense | 59.45M | 56.59M | 57.13M | 48.50M | 10.63M | 7.74M |
| Net Interest Income | 128.22M | 117.03M | 98.61M | 95.00M | 90.11M | 77.04M |
| Gain (Loss) on Sale of Investments | 597.00K | 5.60M | 586.00K | 7.00K | -1.31M | 609.00K |
| Other Non-Interest Income | 7.72M | 6.95M | 5.74M | 5.29M | 7.00M | 6.14M |
| Total Non-Interest Income | 11.05M | 14.78M | 8.47M | 8.14M | 8.04M | 12.05M |
| Revenues Before Loan Losses | 139.27M | 131.81M | 107.08M | 103.14M | 98.15M | 89.09M |
| Provision for Loan Losses | 5.52M | 3.94M | 3.95M | 3.17M | 4.27M | 181.00K |
| Revenue | 133.75M | 127.87M | 103.13M | 99.97M | 93.88M | 88.91M |
| Salaries and Employee Benefits | 32.14M | 29.85M | 27.93M | 27.30M | 25.27M | 23.15M |
| Federal Deposit Insurance | 1.23M | 1.17M | 1.10M | 1.72M | 1.02M | 844.00K |
| Selling, General & Administrative | 18.82M | 17.89M | 15.87M | 14.46M | 13.51M | 13.40M |
| Other Non-Interest Expense | 4.73M | 3.44M | 3.85M | 3.50M | 2.65M | 3.25M |
| Total Non-Interest Expense | 56.92M | 52.36M | 48.74M | 46.98M | 42.46M | 40.78M |
| EBT Excluding Unusual Items | 76.83M | 75.51M | 54.39M | 52.99M | 51.42M | 48.13M |
| Pretax Income | 76.83M | 75.51M | 54.39M | 52.99M | 51.42M | 48.13M |
| Income Tax Expense | 15.23M | 17.56M | 12.94M | 13.29M | 12.96M | 12.01M |
| Net Income | 61.60M | 57.95M | 41.45M | 39.71M | 38.46M | 36.12M |
| Net Income to Common | 61.60M | 57.95M | 41.45M | 39.71M | 38.46M | 36.12M |
| Basic Shares Outstanding | 10.03M | 10.03M | 10.03M | 10.21M | 10.51M | 10.40M |
| Diluted Shares Outstanding | 10.21M | 10.22M | 10.20M | 10.34M | 10.71M | 10.55M |
| EPS (Basic) | 6.14 | 5.78 | 4.13 | 3.89 | 3.66 | 3.47 |
| EPS (Diluted) | 6.04 | 5.67 | 4.06 | 3.84 | 3.59 | 3.43 |
| Dividend Per Share | 0.64 | 0.58 | 0.52 | 0.48 | 0.43 | 0.36 |
| Effective Tax Rate | 19.82% | 23.26% | 23.79% | 25.07% | 25.21% | 24.95% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 230.14M | 216.26M | 180.18M | 194.51M | 114.53M | 244.66M |
| Investment Securities | 122.79M | 104.99M | 120.68M | 114.76M | 125.47M | 65.30M |
| Trading Asset Securities | 157.00K | 139.00K | 918.00K | 1.54M | 408.00K | |
| Mortgage-Backed Securities | 19.03M | 24.35M | 20.93M | 15.47M | 14.03M | |
| Total Investments | 122.79M | 124.17M | 145.17M | 136.61M | 142.48M | 79.73M |
| Gross Loans | 2.77B | 2.54B | 2.25B | 2.15B | 2.08B | 1.62B |
| Allowance for Loan Losses | -35.61M | -32.34M | -26.79M | -25.85M | -25.20M | -22.30M |
| Net Loans | 2.74B | 2.50B | 2.22B | 2.13B | 2.05B | 1.60B |
| Property, Plant & Equipment | 17.87M | 22.72M | 23.38M | 24.77M | 25.60M | 25.11M |
| Goodwill | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M | 1.52M |
| Loans Held for Sale | 7.59M | 9.49M | 12.16M | 18.24M | 27.93M | 27.37M |
| Accrued Interest Receivable | 13.70M | 12.90M | 12.69M | 13.58M | 13.40M | 9.59M |
| Restricted Cash | 262.00K | 262.00K | 262.00K | 262.00K | 156.00K | |
| Other Current Assets | 60.06M | 18.95M | 3.91M | 3.95M | 6.91M | 4.59M |
| Long-Term Deferred Tax Assets | 16.58M | 14.64M | 14.11M | 12.55M | 12.35M | 10.04M |
| Other Real Estate Owned & Foreclosed | 1.47M | 1.47M | ||||
| Other Long-Term Assets | 27.19M | 27.08M | 26.44M | 26.11M | 27.47M | 27.62M |
| Total Assets | 3.25B | 2.97B | 2.65B | 2.58B | 2.44B | 2.03B |
| Accrued Expenses | 39.22M | 23.04M | 20.20M | 18.36M | 18.59M | 12.86M |
| Interest Bearing Deposits | 2.07B | 1.61B | 1.42B | 1.37B | 1.23B | 1.13B |
| Institutional Deposits | 251.29M | 238.68M | 135.34M | 67.34M | 96.46M | |
| Non-Interest Bearing Deposits | 493.87M | 465.60M | 440.80M | 419.64M | 494.18M | 529.23M |
| Total Deposits | 2.56B | 2.32B | 2.10B | 1.92B | 1.79B | 1.76B |
| Short-Term Borrowings | 170.00M | 140.00M | 247.00M | 203.00M | ||
| Current Portion of Leases | 807.00K | |||||
| Accrued Interest Payable | 1.90M | 2.14M | 1.70M | 1.92M | 691.00K | 129.00K |
| Federal Home Loan Bank Debt, Long-Term | 251.10M | 85.77M | 80.50M | 109.44M | 180.00M | 40.00M |
| Long-Term Leases | 4.19M | 4.80M | 5.30M | 5.60M | 5.30M | |
| Trust Preferred Securities | 10.31M | 10.31M | 10.31M | 10.31M | 10.31M | 10.31M |
| Other Long-Term Liabilities | 700.00K | 600.00K | 600.00K | 508.00K | ||
| Total Liabilities | 2.86B | 2.62B | 2.36B | 2.32B | 2.21B | 1.83B |
| Common Stock | 107.91M | 105.89M | 103.94M | 100.43M | 97.20M | 94.00M |
| Retained Earnings | 285.15M | 243.94M | 227.33M | 191.11M | 156.96M | 123.04M |
| Treasury Stock | -3.42M | -3.10M | -33.58M | -27.37M | -11.68M | -11.63M |
| Comprehensive Income & Other | -1.16M | -1.09M | -2.11M | -2.74M | -3.26M | 322.00K |
| Shareholders' Equity | 388.47M | 345.63M | 295.58M | 261.43M | 239.23M | 205.73M |
| Total Liabilities & Equity | 3.25B | 2.97B | 2.65B | 2.58B | 2.44B | 2.03B |
| Total Debt | 261.41M | 271.08M | 235.61M | 372.05M | 398.91M | 55.61M |
| Net Cash (Debt) | -31.27M | -54.67M | -55.30M | -176.62M | -282.84M | 189.46M |
| Net Cash Per Share | -3.06 | -5.35 | -5.42 | -17.08 | -26.42 | 17.97 |
| Filing Date Shares Outstanding | 10.07M | 10.02M | 10.06M | 10.14M | 10.59M | 10.46M |
| Total Common Shares Outstanding | 10.07M | 9.98M | 10.03M | 10.06M | 10.58M | 10.39M |
| Book Value Per Share | 38.58 | 34.63 | 29.48 | 25.98 | 22.60 | 19.80 |
| Tangible Book Value | 386.96M | 344.12M | 294.07M | 259.91M | 237.71M | 204.21M |
| Tangible Book Value Per Share | 38.43 | 34.47 | 29.33 | 25.83 | 22.46 | 19.65 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 57.95M | 41.45M | 39.71M | 38.46M | 36.12M | |
| Depreciation & Amortization | 2.81M | 2.57M | 2.38M | 2.76M | 1.61M | |
| Gain (Loss) on Sale of Investments | -5.68M | -842.00K | -609.00K | 13.00K | 163.00K | |
| Provision for Credit Losses | 3.88M | 3.95M | 3.12M | 4.16M | 181.00K | |
| Change in Other Net Operating Assets | -12.29M | 3.48M | 4.44M | 1.21M | 1.76M | |
| Other Operating Activities | -1.61M | -2.29M | -1.03M | -3.25M | -3.61M | |
| Operating Cash Flow | 44.91M | 47.99M | 46.91M | 42.67M | 32.53M | |
| Capital Expenditures | -564.00K | -693.00K | -955.00K | -1.48M | -1.25M | |
| Investment in Securities | 31.43M | -9.04M | 5.58M | -68.78M | -31.01M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -285.89M | -89.01M | -65.50M | -455.97M | -15.90M | |
| Other Investing Activities | -1.81M | 5.93M | 3.03M | -15.05M | 7.64M | |
| Investing Cash Flow | -256.84M | -92.81M | -57.85M | -541.28M | -40.52M | |
| Short-Term Debt Issued | 30.00M | 343.00M | ||||
| Long-Term Debt Issued | 5.27M | 1.07M | 39.44M | |||
| Total Debt Issued | 35.27M | 1.07M | 39.44M | 343.00M | ||
| Short-Term Debt Repaid | -137.00M | -66.00M | ||||
| Long-Term Debt Repaid | -160.00M | |||||
| Total Debt Repaid | -137.00M | -66.00M | -160.00M | |||
| Net Debt Issued (Repaid) | 35.27M | -135.93M | -26.56M | 343.00M | -160.00M | |
| Issuance of Common Stock | 1.48M | 1.28M | 1.36M | 379.00K | ||
| Repurchase of Common Stock | -5.40M | -6.21M | -15.69M | -42.00K | -4.19M | |
| Common Dividends Paid | -5.61M | -5.02M | -4.72M | -4.37M | -3.62M | |
| Net Increase (Decrease) in Deposit Accounts | 223.75M | 176.17M | 136.61M | 28.65M | 200.92M | |
| Financing Cash Flow | 248.01M | 30.49M | 90.92M | 368.59M | 33.49M | |
| Net Cash Flow | 36.08M | -14.34M | 79.98M | -130.03M | 25.51M | |
| Free Cash Flow | 44.34M | 47.29M | 45.95M | 41.19M | 31.28M | |
| Free Cash Flow Margin | 34.68% | 45.86% | 45.97% | 43.87% | 35.18% | |
| Free Cash Flow Per Share | 4.34 | 4.64 | 4.45 | 3.85 | 2.97 | |
| Cash Interest Paid | 56.16M | 57.35M | 47.26M | 10.07M | 7.86M | |
| Cash Income Tax Paid | 14.03M | 14.07M | 13.22M | 13.93M | 13.99M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 577.00M | 519.24M | 435.49M | 297.61M | 288.20M | 272.32M |
| Last Close Price | 57.31 | 51.26 | 42.69 | 28.49 | 25.82 | 24.42 |
| PE Ratio | 9.49 | 8.96 | 10.51 | 7.50 | 7.49 | 7.54 |
| PS Ratio | 4.31 | 4.06 | 4.22 | 2.98 | 3.07 | 3.06 |
| PB Ratio | 1.49 | 1.50 | 1.47 | 1.14 | 1.21 | 1.32 |
| P/FCF Ratio | 21.35 | 11.71 | 9.21 | 6.48 | 7.00 | 8.71 |
| P/OCF Ratio | 20.87 | 11.56 | 9.07 | 6.34 | 6.75 | 8.37 |
| Debt / Equity Ratio | 0.67 | 0.78 | 0.80 | 1.42 | 1.67 | 0.27 |
| Debt / FCF Ratio | 6.11 | 4.98 | 8.10 | 9.69 | 1.78 | |
| Net Debt / Equity Ratio | 0.08 | 0.16 | 0.19 | 0.68 | 1.18 | -0.92 |
| Net Debt / FCF Ratio | 1.23 | 1.17 | 3.84 | 6.87 | -6.06 | |
| Return on Equity (ROE) | 17.05% | 18.07% | 14.88% | 15.86% | 17.29% | 19.03% |
| Return on Assets (ROA) | 2.01% | 2.06% | 1.58% | 1.58% | 1.72% | 1.81% |
| Earnings Yield | 10.54% | 11.16% | 9.52% | 13.34% | 13.34% | 13.26% |
| FCF Yield | 4.68% | 8.54% | 10.86% | 15.44% | 14.29% | 11.49% |
| Dividend Yield | 1.19% | 1.11% | 1.20% | 1.62% | 1.58% | 1.37% |
| Payout Ratio | 10.60% | 9.68% | 12.11% | 11.89% | 11.37% | 10.01% |
| Buyback Yield / Dilution | 0.17% | -0.21% | 1.32% | 3.43% | -1.51% | 2.48% |
| Total Shareholder Return | 1.36% | 0.91% | 2.51% | 5.05% | 0.07% | 3.85% |