UNTY Q1 2023 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$35M+49.3% YoY

Gross Profit

$25M72.4% margin

Operating Income

$14M39.9% margin

Net Income

$10M29.7% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$14M

Stock-Based Comp.

$417,000

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.2B

Stockholders' Equity

$240M

Cash & Equivalents

$127M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$23M	+49.3%
Gross Profit	$25M	$22M	+13.2%
Operating Income	$14M	$12M	+15.8%
Net Income	$10M	$9M	+12.9%

Revenue Segments

Service and loan fee income

$503,00068%

Branch fee income

$235,00032%