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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	148.65	145.53	133.06	94.8	83.06	76.57
Interest Income on Investments	9.96	10.2	10.44	5.94	1.72	2.35
Total Interest Income	158.6	155.74	143.49	100.74	84.78	78.92
Interest Paid on Deposits	52.08	51.51	33.89	7.25	6.59	12.59
Interest Paid on Borrowings	4.5	5.62	14.61	3.38	1.15	1.89
Total Interest Expense	56.58	57.13	48.5	10.63	7.74	14.48
Net Interest Income	102.02	98.61	95	90.11	77.04	64.44
Net Interest Income Growth (YoY)	7.47%	3.80%	5.43%	16.96%	19.56%	11.88%
Gain (Loss) on Sale of Investments	0.48	0.59	0.01	-1.31	0.61	0.09
Other Non-Interest Income	6.47	5.74	5.29	7.01	6.14	4.87
Total Non-Interest Income	8.85	8.47	8.14	8.05	12.05	12.95
Non-Interest Income Growth (YoY)	4.84%	4.02%	1.21%	-33.26%	-6.89%	35.72%
Revenues Before Loan Losses	110.87	107.08	103.14	98.15	89.09	77.38
Provision for Loan Losses	4.62	3.95	3.17	4.27	0.18	7
Revenue	106.25	103.13	99.97	93.88	88.91	70.38
Revenue Growth (YoY)	6.60%	3.16%	6.49%	5.59%	26.33%	8.22%
Salaries and Employee Benefits	28.45	27.93	27.3	25.27	23.15	21.71
Federal Deposit Insurance	1	1.1	1.72	1.02	0.84	0.67
Selling, General & Administrative	16.28	15.87	14.46	13.51	13.4	12.54
Other Non-Interest Expense	3.49	3.85	3.5	2.65	3.25	4.12
Total Non-Interest Expense	49.22	48.74	46.98	42.46	40.78	39.26
EBT Excluding Unusual Items	57.03	54.39	53	51.42	48.13	31.12
Pretax Income	57.03	54.39	53	51.42	48.13	31.12
Income Tax Expense	13.57	12.94	13.29	12.96	12.01	7.48
Net Income	43.46	41.45	39.71	38.46	36.12	23.64
Net Income to Common	43.46	41.45	39.71	38.46	36.12	23.64
Net Income Growth	11.42%	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)	-0.40%	-1.32%	-3.43%	1.51%	-2.48%	-1.95%
EPS (Basic)	4.34	4.13	3.89	3.66	3.47	2.21
EPS (Diluted)	4.26	4.06	3.84	3.59	3.43	2.19
EPS Growth	11.85%	5.73%	6.96%	4.67%	56.62%	2.34%
Dividend Per Share	0.530	0.520	0.480	0.430	0.360	0.320
Dividend Growth	8.16%	8.33%	11.63%	19.44%	12.50%	3.23%
Effective Tax Rate	23.79%	23.79%	25.07%	25.21%	24.95%	24.02%

Updated Apr 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q