Unity Bancorp

Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to retail, corporate and small business customers through its 15 retail service centers located in Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business, and offers services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts.

Company Growth (employees)
Type
Public
HQ
Clinton, US
Founded
1991
Size (employees)
175 (est)
Unity Bancorp was founded in 1991 and is headquartered in Clinton, US

Unity Bancorp Office Locations

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

Unity Bancorp Data and Metrics

Unity Bancorp Financial Metrics

Unity Bancorp's revenue was reported to be $14.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

14.8 m

Gross profit (Q1, 2017)

12.6 m

Gross profit margin (Q1, 2017), %

85%

Net income (Q1, 2017)

3.2 m

EBIT (Q1, 2017)

10.1 m

Market capitalization (17-Aug-2017)

178.7 m

Cash (31-Mar-2017)

103.2 m
Unity Bancorp's current market capitalization is $178.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

34 m37.4 m41.7 m47 m

Revenue growth, %

10%11%13%

Cost of goods sold

7.7 m8.8 m

Gross profit

34 m38.3 m

Gross profit Margin, %

82%81%

Sales and marketing expense

15 m

Operating expense total

26.9 m27.6 m

EBIT

33.5 m37 m

EBIT margin, %

80%79%

Pre tax profit

14.4 m20.5 m

Income tax expense

4.8 m7.3 m

Net Income

5.1 m6.4 m9.6 m13.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

85%85%86%84%85%85%

Sales and marketing expense

3.5 m3.8 m3.5 m3.7 m3.9 m4.1 m

Operating expense total

3.5 m3.8 m3.5 m3.7 m3.9 m4.1 m

EBIT

8.4 m8.4 m8.8 m8.9 m9.5 m10.1 m

EBIT margin, %

69%66%57%65%66%69%

Pre tax profit

3.6 m3.8 m6.5 m4.4 m4.6 m4.9 m

Income tax expense

1.2 m1.3 m2.3 m1.6 m1.6 m1.7 m

Net Income

2.8 m4.7 m1.9 m4.4 m6.9 m4.2 m7 m10 m3.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

99.4 m129.8 m88.2 m105.9 m

Accounts Receivable

3.3 m3.5 m3.9 m4.5 m

PP&E

15.7 m15.2 m15.2 m23.4 m

Total Assets

921.1 m1 b1.1 b1.2 b

Accounts Payable

454 k474 k461 k945.7 m

Total Debt

10.3 m

Total Liabilities

1.1 b

Common Stock

52.1 m

Retained Earnings

5.6 m11.2 m19.6 m20.7 m

Total Equity

57.2 m70.1 m78.5 m106.3 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

16.1 x14.4 x13.8 x11.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

95.3 m101.6 m133.8 m90.4 m88.9 m126.5 m96.1 m84.7 m103.2 m

PP&E

15.5 m15.4 m15.5 m15.4 m15.3 m19.2 m20.4 m22.3 m23.3 m

Total Assets

932.4 m969.6 m1 b1 b1.1 b1.1 b1.1 b1.2 b1.2 b

Accounts Payable

728.1 m781.9 m789.4 m815.4 m866.2 m926.8 m912.2 m933.3 m980.7 m

Common Stock

52.4 m58.6 m58.9 m59.1 m59.2 m59.5 m59.8 m70.5 m85.8 m

Retained Earnings

8.1 m9.8 m12.9 m15.1 m17.3 m23.4 m25.9 m18.1 m23.4 m

Total Equity

60.5 m68.4 m72 m73.7 m76.1 m82.3 m85 m88.2 m109.3 m

Financial Leverage

15.4 x14.2 x14.4 x13.9 x13.8 x13.6 x13.3 x13.1 x11.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.1 m6.4 m9.6 m13.2 m

Depreciation and Amortization

1.3 m1.4 m530 k734 k

Cash From Operating Activities

11.4 m11.7 m3 m8.8 m

Purchases of PP&E

(29.1 m)(9.9 m)(2.3 m)(9.3 m)

Cash From Investing Activities

(104 m)(60.4 m)(110.7 m)(81.8 m)

Cash From Financing Activities

97.8 m79.1 m66 m90.8 m

Interest Paid

7.7 m8.8 m

Income Taxes Paid

7.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.8 m4.7 m1.9 m4.4 m6.9 m4.2 m7 m10 m3.2 m

Depreciation and Amortization

610 k902 k166 k352 k493 k247 k504 k632 k249 k

Cash From Operating Activities

3.6 m5.2 m561 k(93 k)(361 k)3.9 m5.3 m6.8 m

Purchases of PP&E

(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)

Cash From Investing Activities

(14.8 m)(44.9 m)(21.4 m)(49.9 m)(76.7 m)2.3 m(35 m)(66.8 m)(43.1 m)

Cash From Financing Activities

7.2 m41.9 m24.9 m10.6 m36.1 m32.1 m36.3 m58 m33.6 m

Interest Paid

4.4 m6.6 m2.2 m

Income Taxes Paid

3.1 m5.5 m1.9 m
USDY, 2017

Revenue/Employee

84.6 k

Financial Leverage

11.2 x

Unity Bancorp Market Value History

Traffic Overview of Unity Bancorp

Unity Bancorp Company Life and Culture

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