UNTY Q2 2023 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$37M+44.9% YoY

Gross Profit

$25M66.4% margin

Operating Income

$13M35.1% margin

Net Income

$10M26.0% margin

EPS (Diluted)

$0.95

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$423,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.3B

Stockholders' Equity

$244M

Cash & Equivalents

$151M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$26M	+44.9%
Gross Profit	$25M	$23M	+6.6%
Operating Income	$13M	$13M	+4.0%
Net Income	$10M	$9M	+2.6%

Revenue Segments

Service and loan fee income

$491,00068%

Branch fee income

$228,00032%