Unity Bancorp Inc - Understand $unty stock

$UNTY Market Cap: $457.7 Million

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Financial Snapshot

Revenue

$153.2M

TTM

Gross Margin

Net Earnings

$39.72M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$2.635B

Q3 2024

Total Liabilities

$2.351B

Q3 2024

Book Value

$284.3M

Q3 2024

Cash

$194.5M

Q3 2024

P/E

11.52

Nov 13, 2024 EST

Free Cash Flow

$31.83M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	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	1995	1994
Revenue	$143.5M	$100.7M	$84.78M	$78.92M	$75.65M	$67.26M	$55.31M	$47.02M	$41.65M
YoY Change	42.44%	18.82%	7.43%	4.32%	12.47%	21.61%	17.62%	12.9%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$143.5M	$100.7M	$84.78M	$78.92M	$75.65M	$67.26M	$55.31M	$47.02M	$41.65M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	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	1995	1994
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$2.994M	$2.848M	$3.050M	$3.155M	$2.924M	$2.788M	$2.551M	$2.628M	$2.461M
YoY Change	5.13%	-6.62%	-3.33%	7.9%	4.88%	9.29%	-2.93%	6.79%
% of Gross Profit
Depreciation & Amortization	$1.400M	$1.400M	$1.600M	$1.600M	$1.700M	$1.600M	$1.400M	$1.113M	$990.0K	$1.390M	$1.270M	$1.360M	$1.040M	$1.320M	$1.420M	$600.0K	$1.000M	$840.0K	$1.030M	$1.040M	$880.0K	$1.200M	$1.220M	$1.640M	$1.590M	$450.0K	$430.0K	$370.0K	$260.0K	$190.0K
YoY Change	0.0%	-12.5%	0.0%	-5.88%	6.25%	14.29%	25.79%	12.42%	-28.78%	9.45%	-6.62%	30.77%	-21.21%	-7.04%	136.67%	-40.0%	19.05%	-18.45%	-0.96%	18.18%	-26.67%	-1.64%	-25.61%	3.14%	253.33%	4.65%	16.22%	42.31%	36.84%
% of Gross Profit
Operating Expenses	$2.994M	$2.848M	$3.050M	$3.155M	$2.924M	$2.788M	$2.551M	$2.628M	$2.461M
YoY Change	5.13%	-6.62%	-3.33%	7.9%	4.88%	9.29%	-2.93%	6.79%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$48.50M	$10.63M	$7.741M	$14.48M	$18.06M	$13.52M	$9.453M	$8.767M	$7.660M
YoY Change	356.18%	37.33%	-46.54%	-19.8%	33.58%	42.98%	7.82%	14.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	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	1995	1994
Pretax Income	$53.00M	$51.42M	$48.13M	$31.12M	$30.32M	$27.31M	$22.43M	$20.47M	$14.37M	$9.550M	$7.680M	$6.470M	$3.320M	$2.830M	-$1.980M	$2.550M	$6.700M	$8.790M	$9.900M	$8.380M	$7.280M	$5.820M	$1.660M	-$5.070M	-$5.770M	$3.420M	$3.270M	$1.690M	$1.610M	$970.0K
YoY Change	3.06%	6.84%	54.66%	2.65%	11.02%	21.73%	9.61%	42.44%	50.45%	24.35%	18.7%	94.88%	17.31%	-242.93%	-177.65%	-61.94%	-23.78%	-11.21%	18.14%	15.11%	25.09%	250.6%	-132.74%	-12.13%	-268.71%	4.59%	93.49%	4.97%	65.98%	90.2%
Income Tax	$13.29M	$12.96M	$12.01M	$7.475M	$6.662M	$5.388M	$9.540M	$7.257M	$4.811M	$3.150M	$2.570M	$2.230M	$770.0K	$590.0K	-$900.0K	$620.0K	$1.980M	$2.940M	$3.690M	$3.050M	$2.700M	$2.110M	-$380.0K	$840.0K	-$2.390M	$1.280M	$1.260M	$640.0K	$610.0K	$220.0K
% Of Pretax Income	25.07%	25.21%	24.96%	24.02%	21.98%	19.73%	42.53%	35.46%	33.48%	32.98%	33.46%	34.47%	23.19%	20.85%		24.31%	29.55%	33.45%	37.27%	36.4%	37.09%	36.25%	-22.89%			37.43%	38.53%	37.87%	37.89%	22.68%
Net Earnings	$39.71M	$38.46M	$36.12M	$23.64M	$23.65M	$21.92M	$12.89M	$13.21M	$9.557M	$6.410M	$5.120M	$4.240M	$2.550M	$2.240M	-$1.080M	$1.930M	$4.730M	$5.850M	$6.210M	$5.330M	$4.580M	$3.710M	$2.040M	-$5.910M	-$3.380M	$2.140M	$2.020M	$1.040M	$1.000M	$760.0K
YoY Change	3.25%	6.47%	52.76%	-0.04%	7.91%	70.01%	-2.39%	38.21%	49.1%	25.2%	20.75%	66.27%	13.84%	-307.41%	-155.96%	-59.2%	-19.15%	-5.8%	16.51%	16.38%	23.45%	81.86%	-134.52%	74.85%	-257.94%	5.94%	94.23%	4.0%	31.58%	49.02%
Net Earnings / Revenue	27.67%	38.17%	42.6%	29.96%	31.27%	32.59%	23.31%	28.09%	22.95%
Basic Earnings Per Share	$3.89	$3.66	$3.47	$2.21	$2.18	$2.04	$1.22	$1.40	$1.03
Diluted Earnings Per Share	$3.84	$3.59	$3.43	$2.19	$2.14	$2.01	$1.20	$1.38	$1.02	$733.4K	$596.0K	$494.7K	$299.6K	$273.5K	-$137.9K	$241.6K	$571.3K	$698.1K	$757.3K	$651.6K	$576.8K	$454.1K	$322.3K	-$1.082M	-$615.7K	$432.3K	$435.3K	$313.3K	$358.4K	$291.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	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	1995	1994
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$19.57M	$20.00M	$25.20M	$22.60M	$24.10M	$23.40M	$23.50M	$23.40M	$15.20M	$15.20M	$15.70M	$12.10M	$11.40M	$11.00M	$11.80M	$12.60M	$12.10M	$11.60M	$10.60M	$7.400M	$6.000M	$8.700M	$8.600M	$9.400M	$12.40M	$4.600M	$4.300M	$3.100M	$1.100M	$800.0K
YoY Change	-2.17%	-20.63%	11.5%	-6.22%	2.99%	-0.43%	0.43%	53.95%	0.0%	-3.18%	29.75%	6.14%	3.64%	-6.78%	-6.35%	4.13%	4.31%	9.43%	43.24%	23.33%	-31.03%	1.16%	-8.51%	-24.19%	169.57%	6.98%	38.71%	181.82%	37.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$12.55M	$12.35M	$10.00M	$9.200M	$5.600M	$5.400M	$4.000M	$5.500M	$6.000M	$5.900M	$6.800M	$6.000M	$6.900M	$7.600M	$7.300M	$5.700M	$3.900M
YoY Change	1.68%	23.45%	8.7%	64.29%	3.7%	35.0%	-27.27%	-8.33%	1.69%	-13.24%	13.33%	-13.04%	-9.21%	4.11%	28.07%	46.15%
Total Long-Term Assets
YoY Change
Total Assets	$2.579B	$2.445B	$2.034B	$1.959B	$1.719B	$1.579B	$1.456B	$1.190B	$1.085B	$1.009B	$921.1M	$819.7M	$810.8M	$818.4M	$930.4M	$898.3M	$752.2M	$694.1M	$614.2M	$515.4M	$467.4M	$433.2M	$379.2M	$356.0M	$439.0M	$254.6M	$213.8M	$172.7M	$121.8M	$78.60M
YoY Change
Accounts Payable	$1.924M	$691.0K	$100.0K	$200.0K	$500.0K	$400.0K	$400.0K	$400.0K	$500.0K	$500.0K	$500.0K	$400.0K	$500.0K	$600.0K	$700.0K	$800.0K	$600.0K	$500.0K	$300.0K	$200.0K	$200.0K	$300.0K	$400.0K	$700.0K	$1.200M	$400.0K	$500.0K	$500.0K	$400.0K	$100.0K
YoY Change	178.44%	591.0%	-50.0%	-60.0%	25.0%	0.0%	0.0%	-20.0%	0.0%	0.0%	25.0%	-20.0%	-16.67%	-14.29%	-12.5%	33.33%	20.0%	66.67%	50.0%	0.0%	-33.33%	-25.0%	-42.86%	-41.67%	200.0%	-20.0%	0.0%	25.0%	300.0%
Accrued Expenses	$24.27M	$24.19M	$10.40M	$10.90M	$10.20M	$5.000M	$8.500M	$6.200M	$4.000M	$3.400M	$2.300M	$2.600M	$2.300M	$2.500M	$3.100M	$2.100M	$2.600M	$1.200M	$1.800M	$1.200M	$2.200M	$1.100M	$1.200M	$800.0K	$1.300M	$700.0K	$600.0K	$200.0K	$400.0K	$500.0K
YoY Change	0.32%	132.58%	-4.59%	6.86%	104.0%	-41.18%	37.1%	55.0%	17.65%	47.83%	-11.54%	13.04%	-8.0%	-19.35%	47.62%	-19.23%	116.67%	-33.33%	50.0%	-45.45%	100.0%	-8.33%	50.0%	-38.46%	85.71%	16.67%	200.0%	-50.0%	-20.0%
Deferred Revenue
YoY Change
Short-Term Debt							$15.00M	$0.00	$15.00M	$15.00M
YoY Change								-100.0%	0.0%
Long-Term Debt Due	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Short-Term Liabilities	$26.19M	$24.88M	$10.50M	$11.10M	$10.70M	$5.400M	$8.900M	$6.600M	$4.500M	$3.900M	$2.800M	$3.000M	$2.800M	$3.100M	$3.800M	$2.900M	$3.200M	$1.700M	$2.100M	$1.400M	$2.400M	$1.400M	$1.600M	$1.500M	$2.500M	$1.100M	$1.100M	$700.0K	$800.0K	$600.0K
YoY Change	5.27%	136.94%	-5.41%	3.74%	98.15%	-39.33%	34.85%	46.67%	15.38%	39.29%	-6.67%	7.14%	-9.68%	-18.42%	31.03%	-9.38%	88.24%	-19.05%	50.0%	-41.67%	71.43%	-12.5%	6.67%	-40.0%	127.27%	0.0%	57.14%	-12.5%	33.33%
Long-Term Debt	$10.31M	$10.31M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$25.30M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$24.70M	$9.300M	$9.300M	$9.300M	$9.300M	$2.900M	$2.900M	$4.100M	$300.0K	$300.0K	$400.0K	$1.500M	$0.00
YoY Change	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	-59.29%	63.23%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-37.25%	165.59%	0.0%	0.0%	0.0%	220.69%	0.0%	-29.27%	1266.67%	0.0%	-25.0%	-73.33%
Other Long-Term Liabilities	$18.97M	$18.59M	$8.300M	$5.600M	$4.200M	$7.200M
YoY Change	2.01%	124.0%	48.21%	33.33%	-41.67%
Total Long-Term Liabilities	$10.31M	$10.31M	$18.60M	$15.90M	$14.50M	$17.50M	$10.30M	$25.30M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$24.70M	$9.300M	$9.300M	$9.300M	$9.300M	$2.900M	$2.900M	$4.100M	$300.0K	$300.0K	$400.0K	$1.500M	$0.00
YoY Change	0.0%	-44.57%	16.98%	9.66%	-17.14%	69.9%	-59.29%	63.23%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-37.25%	165.59%	0.0%	0.0%	0.0%	220.69%	0.0%	-29.27%	1266.67%	0.0%	-25.0%	-73.33%
Total Liabilities	$2.317B	$2.206B	$1.828B	$1.785B	$1.558B	$1.441B	$1.337B	$1.084B	$1.006B	$938.7M	$863.9M	$742.2M	$737.3M	$748.3M	$862.5M	$830.5M	$704.9M	$647.9M	$573.2M	$479.5M	$436.7M	$406.0M	$354.4M	$334.7M	$417.2M	$228.3M	$193.8M	$154.7M	$113.3M	$71.30M
YoY Change	5.05%	20.66%	2.41%	14.56%	8.16%	7.72%	23.42%	7.67%	7.21%	8.66%	16.4%	0.66%	-1.47%	-13.24%	3.85%	17.82%	8.8%	13.03%	19.54%	9.8%	7.56%	14.56%	5.89%	-19.77%	82.74%	17.8%	25.27%	36.54%	58.91%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	10.21M	10.51M	10.40M	10.71M	10.85M	10.73M	10.56M shares	9.416M shares	9.267M shares	7.856M	7.547M	7.477M	7.333M
Diluted Shares Outstanding	10.34M	10.71M	10.55M	10.81M	11.03M	10.92M	10.75M shares	9.572M shares	9.382M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $457.66 Million

About Unity Bancorp Inc

Unity Bancorp, Inc. is a bank holding company, which engages in the ownership and supervision of Unity Bank. The company is headquartered in Clinton, New Jersey and currently employs 227 full-time employees. The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).

Industry: State Commercial Banks Peers: ACNB Corp Citizens Financial Services Inc FVCBankcorp Inc PCB Bancorp Orrstown Financial Services Inc PNC Financial Services Group Inc USCB Financial Holdings Inc