UNTY Q4 2023 Earnings — Unity Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

UNTYUnity Bancorp, Inc.

$509M

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$40M+24.3% YoY

Gross Profit

$24M61.2% margin

Operating Income

$13M32.7% margin

Net Income

$10M24.5% margin

EPS (Diluted)

$0.96

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$25M

Stock-Based Comp.

$482,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.3B

Stockholders' Equity

$261M

Cash & Equivalents

$195M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$32M	+24.3%
Gross Profit	$24M	$25M	-1.7%
Operating Income	$13M	$14M	-4.3%
Net Income	$10M	$10M	-1.9%

Revenue Segments

Service and loan fee income

$934,00064%

Branch fee income

$534,00036%