UNTY Q1 2024 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$40M+14.6% YoY

Gross Profit

$25M62.8% margin

Operating Income

$13M32.2% margin

Net Income

$10M24.2% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

-0.7%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$16M

Stock-Based Comp.

$476,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.3B

Stockholders' Equity

$267M

Cash & Equivalents

$183M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$35M	+14.6%
Gross Profit	$25M	$25M	-0.5%
Operating Income	$13M	$14M	-7.3%
Net Income	$10M	$10M	-6.8%

Revenue Segments

Service and loan fee income

$457,00065%

Branch fee income

$243,00035%