Unity Bancorp Past Earnings Performance

Past criteria checks 2/6

Unity Bancorp has been growing earnings at an average annual rate of 14.4%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 11.3% per year. Unity Bancorp's return on equity is 14.6%, and it has net margins of 39.1%.

Key information

14.4%

Earnings growth rate

15.6%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	11.3%
Return on equity	14.6%
Net Margin	39.1%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Unity Bancorp: Respectable Quarter To Kick Off Regional Bank Earnings Season

Apr 12

Unity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 27

Unity Bancorp (NASDAQ:UNTY) Has Announced That It Will Be Increasing Its Dividend To US$0.11

Jun 05

Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11

May 12

Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings

Mar 25

Unity Bancorp (NASDAQ:UNTY) Has Affirmed Its Dividend Of US$0.09

Aug 29

Increases to CEO Compensation Might Be Put On Hold For Now at Unity Bancorp, Inc. (NASDAQ:UNTY)

May 07

Revenue & Expenses Breakdown
Beta

How Unity Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:UNTY Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	100	39	42
31 Dec 23	100	40	42
30 Sep 23	100	40	41
30 Jun 23	98	40	41
31 Mar 23	97	40	40
31 Dec 22	94	38	39
30 Sep 22	93	38	38
30 Jun 22	92	38	37
31 Mar 22	90	37	37
31 Dec 21	89	36	37
30 Sep 21	86	34	36
30 Jun 21	81	30	36
31 Mar 21	75	27	35
31 Dec 20	70	24	34
30 Sep 20	66	22	33
30 Jun 20	65	23	33
31 Mar 20	66	23	33
31 Dec 19	65	24	32
30 Sep 19	64	23	32
30 Jun 19	63	23	32
31 Mar 19	62	22	31
31 Dec 18	60	22	31
30 Sep 18	59	19	30
30 Jun 18	57	17	29
31 Mar 18	55	15	28
31 Dec 17	52	13	27
30 Sep 17	51	14	26
30 Jun 17	49	13	26
31 Mar 17	47	12	25
31 Dec 16	46	13	24
30 Sep 16	44	13	24
30 Jun 16	43	12	24
31 Mar 16	43	12	24
31 Dec 15	41	10	23
30 Sep 15	39	9	22
30 Jun 15	37	8	22
31 Mar 15	35	7	21
31 Dec 14	34	6	21
30 Sep 14	33	6	21
30 Jun 14	32	5	20
31 Mar 14	32	5	20
31 Dec 13	32	4	20
30 Sep 13	32	4	20
30 Jun 13	32	3	20

Quality Earnings: UNTY has high quality earnings.

Growing Profit Margin: UNTY's current net profit margins (39.1%) are lower than last year (40.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: UNTY's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: UNTY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UNTY had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Banks industry average (-12.6%).

Unity Bancorp Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.98 in 1Q 2023)

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

Recent updates

Insider notifies of intention to sell stock

First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.98 in 1Q 2023)

Unity Bancorp: Respectable Quarter To Kick Off Regional Bank Earnings Season

Unity Bancorp, Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.13 per share

Unity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last Year

Fourth quarter dividend increased to US$0.13

Unity Bancorp, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on March 29, 2024

Independent Director notifies of intention to sell stock

Price target increased by 8.7% to US$33.33

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 8.9% to US$32.67

Independent Director exercised options to buy US$126k worth of stock.

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.12 per share at 1.8% yield

Unity Bancorp (NASDAQ:UNTY) Is Paying Out A Dividend Of $0.12

Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 29, 2023

With EPS Growth And More, Unity Bancorp (NASDAQ:UNTY) Makes An Interesting Case

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Independent Director exercised options to buy US$139k worth of stock.

Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.12

Upcoming dividend of US$0.12 per share at 2.0% yield

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

Unity Bancorp, Inc. Declares Cash Dividend, Payable on September 22, 2023

Do Unity Bancorp's (NASDAQ:UNTY) Earnings Warrant Your Attention?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Unity Bancorp, Inc. Appoints Daniel Sharabba as Svp/Senior Retail Officer

Insider notifies of intention to sell stock

New minor risk - Insider selling

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.12 per share at 2.1% yield

Unity Bancorp (NASDAQ:UNTY) Will Pay A Larger Dividend Than Last Year At $0.12

Unity Bancorp, Inc. Announces Resignation of Janice Bolomey as Executive Vice President, Director of Sales and Chief Administrative Officer, Effective June 30, 2023

Price target decreased by 8.1% to US$28.50

Price target decreased by 10% to US$29.33

Founder & Chairman of the Board recently bought US$245k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.12 per share at 1.8% yield

Unity Bancorp (NASDAQ:UNTY) Is Increasing Its Dividend To $0.12

Independent Director notifies of intention to sell stock

Unity Bancorp Announces Increase in First Quarter Dividend, Payable on March 24, 2023

Insider exercised options and sold US$95k worth of stock

Full year 2022 earnings released: EPS: US$3.66 (vs US$3.47 in FY 2021)

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.11

Upcoming dividend of US$0.11 per share

Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.11

Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 30, 2022

Insufficient new directors

Executive VP & COO exercised options and sold US$255k worth of stock

Chief Administrative Officer notifies of intention to sell stock

Third quarter 2022 earnings: EPS exceeds analyst expectations

Unity Bancorp GAAP EPS of $0.93

Unity Bancorp: Attractively Valued With A Positive Outlook For Topline Growth

Unity Bancorp, Inc. Declares Cash Dividend, Payable on September 23, 2022

Unity Bancorp declares $0.11 dividend

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Unity Bancorp added to US Small-Cap Russell 2000 Index

Unity Bancorp (NASDAQ:UNTY) Has Announced That It Will Be Increasing Its Dividend To US$0.11

Upcoming dividend of US$0.11 per share

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11

Price target increased to US$34.67

Insufficient new directors

Unity Bancorp, Inc. Announces Resignation of Laureen S. Cook as Senior Vice President and Chief Accounting Officer

Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.10 per share

Revenue & Expenses Breakdown
Beta