Unity Bancorp Past Earnings Performance

Past criteria checks 2/6

Unity Bancorp has been growing earnings at an average annual rate of 12.9%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 10.2% per year. Unity Bancorp's return on equity is 14%, and it has net margins of 39.4%.

Key information

12.9%

Earnings growth rate

14.2%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	10.2%
Return on equity	14.0%
Net Margin	39.4%
Last Earnings Update	30 Sep 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

Revenue & Expenses Breakdown

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
30 Sep 24	101	40	43
30 Jun 24	99	39	43
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

Quality Earnings: UNTY has high quality earnings.

Growing Profit Margin: UNTY's current net profit margins (39.4%) are lower than last year (39.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: UNTY's earnings have grown by 12.9% 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 (-0.4%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: UNTY's Return on Equity (14%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

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

Unity Bancorp Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS exceeds analyst expectations

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

Recent updates

Unity Bancorp Inc. Declares Cash Dividend, Payable on December 31, 2024

Unity Bancorp Inc. Declares Cash Dividend, Payable on September 20, 2024

First quarter dividend of US$0.13 announced

Unity Bancorp, Inc. Declares Cash Dividend, Payable on June 21, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Insider recently sold US$71k worth of stock

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