Unity Bancorp Management
Management criteria checks 4/4
Unity Bancorp's CEO is Jim Hughes, appointed in Dec 2003, has a tenure of 22.92 years. total yearly compensation is $2.36M, comprised of 31.1% salary and 68.9% bonuses, including company stock and options. directly owns 1.54% of the company’s shares, worth $6.82M. The average tenure of the management team and the board of directors is 3.9 years and 20.5 years respectively.
Key information
Jim Hughes
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 31.1% |
| CEO tenure | 21yrs |
| CEO ownership | 1.5% |
| Management average tenure | 3.9yrs |
| Board average tenure | 20.5yrs |
Recent management updates
Recent updates
Unity Bancorp: Respectable Quarter To Kick Off Regional Bank Earnings Season
Apr 12Unity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27
Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12
Dec 13Unity Bancorp (NASDAQ:UNTY) Is Paying Out A Dividend Of $0.12
Nov 21With EPS Growth And More, Unity Bancorp (NASDAQ:UNTY) Makes An Interesting Case
Nov 04Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.12
Sep 05Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12
Aug 22Do Unity Bancorp's (NASDAQ:UNTY) Earnings Warrant Your Attention?
Jul 18Unity Bancorp (NASDAQ:UNTY) Will Pay A Larger Dividend Than Last Year At $0.12
May 29Unity Bancorp (NASDAQ:UNTY) Is Increasing Its Dividend To $0.12
Feb 21Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.11
Dec 09Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.11
Nov 22Unity Bancorp GAAP EPS of $0.93
Oct 14Unity Bancorp: Attractively Valued With A Positive Outlook For Topline Growth
Sep 26Unity Bancorp declares $0.11 dividend
Aug 25Unity Bancorp added to US Small-Cap Russell 2000 Index
Jul 12Unity Bancorp (NASDAQ:UNTY) Has Announced That It Will Be Increasing Its Dividend To US$0.11
Jun 05Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11
May 12Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings
Mar 25Unity Bancorp (NASDAQ:UNTY) Has Affirmed Its Dividend Of US$0.09
Aug 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$40m |
| Jun 30 2024 | n/a | n/a | US$39m |
| Mar 31 2024 | n/a | n/a | US$39m |
| Dec 31 2023 | US$2m | US$735k | US$40m |
| Sep 30 2023 | n/a | n/a | US$40m |
| Jun 30 2023 | n/a | n/a | US$40m |
| Mar 31 2023 | n/a | n/a | US$40m |
| Dec 31 2022 | US$2m | US$700k | US$38m |
| Sep 30 2022 | n/a | n/a | US$38m |
| Jun 30 2022 | n/a | n/a | US$38m |
| Mar 31 2022 | n/a | n/a | US$37m |
| Dec 31 2021 | US$2m | US$600k | US$36m |
| Sep 30 2021 | n/a | n/a | US$34m |
| Jun 30 2021 | n/a | n/a | US$30m |
| Mar 31 2021 | n/a | n/a | US$27m |
| Dec 31 2020 | US$1m | US$567k | US$24m |
| Sep 30 2020 | n/a | n/a | US$22m |
| Jun 30 2020 | n/a | n/a | US$23m |
| Mar 31 2020 | n/a | n/a | US$23m |
| Dec 31 2019 | US$2m | US$551k | US$24m |
| Sep 30 2019 | n/a | n/a | US$23m |
| Jun 30 2019 | n/a | n/a | US$23m |
| Mar 31 2019 | n/a | n/a | US$22m |
| Dec 31 2018 | US$3m | US$470k | US$22m |
| Sep 30 2018 | n/a | n/a | US$19m |
| Jun 30 2018 | n/a | n/a | US$17m |
| Mar 31 2018 | n/a | n/a | US$15m |
| Dec 31 2017 | US$996k | US$443k | US$13m |
Compensation vs Market: Jim's total compensation ($USD2.36M) is about average for companies of similar size in the US market ($USD2.15M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Hughes (65 yo)
21yrs
Tenure
US$2,360,462
Compensation
Mr. James A. Hughes serves as President and Chief Executive Officer at Unity Bancorp, Inc. and has been its Director since 2002. He serves as President and Chief Executive Officer at Unity Bank and serves...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 33.9yrs | US$114.66k | 0.42% $ 1.9m | |
| President | 21yrs | US$2.36m | 1.54% $ 6.8m | |
| Founder & Director | no data | US$99.76k | 0.31% $ 1.4m | |
| Executive VP & CFO | 3.9yrs | US$933.17k | 0.48% $ 2.1m | |
| First Senior VP & Director of Mortgage Lending | no data | US$598.19k | 0.076% $ 334.8k | |
| Senior VP & Controller | 2.9yrs | US$315.79k | 0.034% $ 150.8k | |
| Senior VP & Chief Lending Officer | 2.9yrs | US$373.97k | 0.047% $ 207.0k | |
| Senior VP & CTO | 9.9yrs | no data | 0.13% $ 592.8k | |
| First VP & Chief Compliance Officer | no data | no data | no data | |
| First VP & General Counsel | no data | no data | no data | |
| First VP & Marketing Director | no data | no data | no data | |
| Senior VP & Chief Experience Officer | no data | no data | no data |
3.9yrs
Average Tenure
58yo
Average Age
Experienced Management: UNTY's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 33.9yrs | US$114.66k | 0.42% $ 1.9m | |
| President | 22.9yrs | US$2.36m | 1.54% $ 6.8m | |
| Founder & Director | 33.9yrs | US$99.76k | 0.31% $ 1.4m | |
| Independent Director | 20.4yrs | US$103.36k | 0.45% $ 2.0m | |
| Independent Director | 22.9yrs | US$99.86k | 3.63% $ 16.1m | |
| Independent Director | 20.5yrs | US$105.26k | 1.2% $ 5.3m | |
| Independent Director | 16.2yrs | US$98.36k | 0.57% $ 2.5m | |
| Independent Director | 17.9yrs | US$90.86k | 0.12% $ 521.3k | |
| Independent Director | 13.8yrs | US$96.36k | 0.22% $ 965.0k | |
| Independent Vice Chairman | 9.6yrs | US$100.10k | 0.63% $ 2.8m |
20.5yrs
Average Tenure
69yo
Average Age
Experienced Board: UNTY's board of directors are seasoned and experienced ( 20.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:21 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Unity Bancorp, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| null null | D.A. Davidson & Co. |
| Jacob Civiello | Janney Montgomery Scott LLC |