UNTY Q3 2024 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$42M+8.5% YoY

Gross Profit

$26M62.6% margin

Operating Income

$15M34.6% margin

Net Income

$11M25.9% margin

EPS (Diluted)

$1.07

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$18M

Stock-Based Comp.

$455,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.4B

Stockholders' Equity

$284M

Cash & Equivalents

$195M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$42M	$39M	+8.5%
Gross Profit	$26M	$25M	+6.3%
Operating Income	$15M	$13M	+11.7%
Net Income	$11M	$10M	+9.6%

Revenue Segments

Service and loan fee income

$753,00064%

Branch fee income

$420,00036%