Unity Bancorp provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The Сompany offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.
Type
Public
HQ
Clinton, US
Founded
1991
Size (employees)
199 (est)+14%
Unity Bancorp was founded in 1991 and is headquartered in Clinton, US
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Unity Bancorp Office Locations

Unity Bancorp has an office in Clinton
Clinton, US (HQ)
64 Old Hwy 22
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Unity Bancorp Financials and Metrics

Unity Bancorp Financials

Unity Bancorp's revenue was reported to be $58.08 m in FY, 2016 which is a 17.6% increase from the previous period.
USD

Net income (FY, 2017)

12.9 m

EBIT (FY, 2017)

44.2 m

Market capitalization (18-Apr-2018)

244 m

Cash (31-Dec-2017)

150.3 m

EV

104.1 m
Unity Bancorp's current market capitalization is $244 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

34 m44.1 m49.4 m58.1 m

Revenue growth, %

30%12%18%

Cost of goods sold

7.7 m8.8 m9.5 m

Gross profit

41.7 m49.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.1 m12.8 m15.5 m13.7 m14.3 m14.8 m15.5 m

Cost of goods sold

1.8 m1.9 m2.2 m2.1 m2.2 m2.2 m2.3 m

Gross profit

10.3 m10.9 m13.3 m11.6 m12 m12.6 m13.2 m

Gross profit Margin, %

85%85%86%84%85%85%85%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

99.4 m129.8 m88.2 m105.9 m150.3 m

Accounts Receivable

3.3 m3.5 m3.9 m4.5 m

Inventories

PP&E

15.7 m15.2 m15.2 m23.4 m23.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

74.7 m128.2 m95.3 m101.6 m133.8 m90.4 m88.9 m126.5 m96.1 m84.7 m103.2 m104.8 m104.8 m

PP&E

15.7 m15.5 m15.5 m15.4 m15.5 m15.4 m15.3 m19.2 m20.4 m22.3 m23.3 m23.1 m

Goodwill

1.5 m

Total Assets

876.1 m961.2 m932.4 m969.6 m1 b1 b1.1 b1.1 b1.1 b1.2 b1.2 b1.3 b1.3 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.1 m6.4 m9.6 m13.2 m12.9 m

Depreciation and Amortization

1.3 m1.4 m530 k734 k1.2 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

3.8 m1.3 m2.8 m4.7 m1.9 m4.4 m6.9 m4.2 m7 m10 m3.2 m6.6 m3.8 m

Depreciation and Amortization

961 k397 k610 k902 k166 k352 k493 k247 k504 k632 k249 k797 k

Cash From Operating Activities

9.7 m2.1 m3.6 m5.2 m561 k(93 k)(361 k)3.9 m5.3 m6.8 m10.7 m12.7 m

Purchases of PP&E

(25.9 m)(9.9 m)(9.9 m)(9.9 m)(9.9 m)(1 m)(1 m)(2.1 m)(4.2 m)(8.3 m)(15.5 m)(25.7 m)
USDY, 2017

EV/EBIT

2.4 x

EV/CFO

7.2 x

Debt/Equity

0.1 x

Financial Leverage

12.3 x
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Unity Bancorp Operating Metrics

Unity Bancorp's Total Loans was reported to be $1b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

15 15 16

Non-performing Loans

$11.37 m$9.14 m$8.84 m$10.74 m$7.26 m$6.89 m$6.54 m$6.53 m$7.24 m$7.76 m$5.68 m

Total Loans

$761.83 m$784.64 m$821.70 m$855.56 m$888.96 m$886.99 m$915.04 m$949.83 m$973.41 m$1 b$1.05 b
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