Unity Bancorp, Inc. (UNTY)

Unity Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	145.53	145.53	133.06	94.8	83.06	76.57
Interest Income on Investments	10.2	10.2	10.44	5.94	1.72	2.35
Total Interest Income	155.74	155.74	143.49	100.74	84.78	78.92
Interest Paid on Deposits	51.51	51.51	33.89	7.25	6.59	12.59
Interest Paid on Borrowings	5.62	5.62	14.61	3.38	1.15	1.89
Total Interest Expense	57.13	57.13	48.5	10.63	7.74	14.48
Net Interest Income	98.61	98.61	95	90.11	77.04	64.44
Net Interest Income Growth (YoY)	3.80%	3.80%	5.43%	16.96%	19.56%	11.88%
Gain (Loss) on Sale of Investments	0.59	0.59	0.01	-1.31	0.61	0.09
Other Non-Interest Income	5.74	5.74	5.29	7.01	6.14	4.87
Total Non-Interest Income	8.47	8.47	8.14	8.05	12.05	12.95
Non-Interest Income Growth (YoY)	4.02%	4.02%	1.21%	-33.26%	-6.89%	35.72%
Revenues Before Loan Losses	107.08	107.08	103.14	98.15	89.09	77.38
Provision for Loan Losses	3.95	3.95	3.17	4.27	0.18	7
Revenue	103.13	103.13	99.97	93.88	88.91	70.38
Revenue Growth (YoY)	3.16%	3.16%	6.49%	5.59%	26.33%	8.23%
Salaries and Employee Benefits	29.75	29.75	27.3	25.27	23.15	21.71
Federal Deposit Insurance	1.1	1.1	1.72	1.02	0.84	0.67
Selling, General & Administrative	14.05	14.05	14.46	13.51	13.4	12.54
Other Non-Interest Expense	3.85	3.85	3.5	2.65	3.25	4.12
Total Non-Interest Expense	48.74	48.74	46.98	42.46	40.78	39.26
EBT Excluding Unusual Items	54.39	54.39	53	51.42	48.13	31.12
Pretax Income	54.39	54.39	53	51.42	48.13	31.12
Income Tax Expense	12.94	12.94	13.29	12.96	12.01	7.48
Net Income	41.45	41.45	39.71	38.46	36.12	23.64
Net Income to Common	41.45	41.45	39.71	38.46	36.12	23.64
Net Income Growth	4.39%	4.39%	3.25%	6.47%	52.76%	-0.04%
Basic Shares Outstanding	10	10	10	11	10	11
Diluted Shares Outstanding	10	10	10	11	11	11
Shares Change (YoY)	-1.32%	-1.32%	-3.43%	1.51%	-2.48%	-1.95%
EPS (Basic)	4.13	4.13	3.89	3.66	3.47	2.21
EPS (Diluted)	4.06	4.06	3.84	3.59	3.43	2.19
EPS Growth	5.73%	5.73%	6.96%	4.66%	56.62%	2.34%
Dividend Per Share	0.520	0.520	0.480	0.430	0.360	0.320
Dividend Growth	8.33%	8.33%	11.63%	19.44%	12.50%	3.23%
Effective Tax Rate	23.79%	23.79%	25.07%	25.21%	24.96%	24.02%

Source: S&P Capital IQ. Banks template. Financial Sources.