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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	158.52	145.53	133.06	94.8	83.06	76.57
Interest Income on Investments	9.51	10.2	10.44	5.94	1.72	2.35
Total Interest Income	168.03	155.74	143.49	100.74	84.78	78.92
Interest Paid on Deposits	51.46	51.51	33.89	7.25	6.59	12.59
Interest Paid on Borrowings	4.41	5.62	14.61	3.38	1.15	1.89
Total Interest Expense	55.87	57.13	48.5	10.63	7.74	14.48
Net Interest Income	112.15	98.61	95	90.11	77.04	64.44
Net Interest Income Growth (YoY)	16.64%	3.80%	5.43%	16.96%	19.56%	11.88%
Gain (Loss) on Sale of Investments	4.04	0.59	0.01	-1.31	0.61	0.09
Other Non-Interest Income	6.63	5.74	5.29	7.01	6.14	4.87
Total Non-Interest Income	12.8	8.47	8.14	8.05	12.05	12.95
Non-Interest Income Growth (YoY)	40.34%	4.02%	1.21%	-33.26%	-6.89%	35.72%
Revenues Before Loan Losses	124.95	107.08	103.14	98.15	89.09	77.38
Provision for Loan Losses	2.98	3.95	3.17	4.27	0.18	7
Revenue	121.97	103.13	99.97	93.88	88.91	70.38
Revenue Growth (YoY)	20.98%	3.16%	6.49%	5.59%	26.33%	8.22%
Salaries and Employee Benefits	30.67	27.93	27.3	25.27	23.15	21.71
Federal Deposit Insurance	1.07	1.1	1.72	1.02	0.84	0.67
Selling, General & Administrative	16.87	15.87	14.46	13.51	13.4	12.54
Other Non-Interest Expense	3.05	3.85	3.5	2.65	3.25	4.12
Total Non-Interest Expense	51.66	48.74	46.98	42.46	40.78	39.26
EBT Excluding Unusual Items	70.31	54.39	53	51.42	48.13	31.12
Pretax Income	70.31	54.39	53	51.42	48.13	31.12
Income Tax Expense	16.32	12.94	13.29	12.96	12.01	7.48
Net Income	53.99	41.45	39.71	38.46	36.12	23.64
Net Income to Common	53.99	41.45	39.71	38.46	36.12	23.64
Net Income Growth	35.94%	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)	0.34%	-1.32%	-3.43%	1.51%	-2.48%	-1.95%
EPS (Basic)	5.38	4.13	3.89	3.66	3.47	2.21
EPS (Diluted)	5.27	4.06	3.84	3.59	3.43	2.19
EPS Growth	35.12%	5.73%	6.96%	4.67%	56.62%	2.34%
Dividend Per Share	0.560	0.520	0.480	0.430	0.360	0.320
Dividend Growth	9.80%	8.33%	11.63%	19.44%	12.50%	3.23%
Effective Tax Rate	23.21%	23.79%	25.07%	25.21%	24.95%	24.02%

Updated Oct 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q