Unity Bancorp Financials

UNTY Stock  USD 46.61  0.73  1.59%   
Based on the analysis of Unity Bancorp's profitability, liquidity, and operating efficiency, Unity Bancorp is performing exceptionally good at this time. It has a great probability to report excellent financial results in December. At this time, Unity Bancorp's Liabilities And Stockholders Equity is fairly stable compared to the past year. Non Current Liabilities Total is likely to rise to about 2.4 B in 2024, despite the fact that Total Current Liabilities is likely to grow to (1.8 M). Key indicators impacting Unity Bancorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.420.3972
Notably Up
Slightly volatile
Return On Assets0.01620.0154
Sufficiently Up
Slightly volatile
Return On Equity0.160.1519
Notably Up
Slightly volatile
Debt Equity Ratio0.05640.0594
Notably Down
Slightly volatile
Operating Income55.6 M53 M
Sufficiently Up
Slightly volatile
Current Ratio228167
Significantly Up
Pretty Stable
The essential information of the day-to-day investment outlook for Unity Bancorp includes many different criteria found on its balance sheet. An individual investor should monitor Unity Bancorp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Unity Bancorp.

Net Income

41.69 Million

  
Understanding current and past Unity Bancorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Unity Bancorp's financial statements are interrelated, with each one affecting the others. For example, an increase in Unity Bancorp's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Unity Bancorp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Unity Bancorp. Check Unity Bancorp's Beneish M Score to see the likelihood of Unity Bancorp's management manipulating its earnings.

Unity Bancorp Stock Summary

Unity Bancorp competes with Affinity Bancshares, Home Federal, Stellar Bancorp,, Meridian Bank, and Texas Community. Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey. Unity Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 222 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS9132901029
CUSIP913290102
LocationNew Jersey; U.S.A
Business Address64 Old Highway
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.unitybank.com
Phone800 618 2265
CurrencyUSD - US Dollar

Unity Bancorp Key Financial Ratios

Unity Bancorp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.9B2.0B2.4B2.6B2.7B
Other Current Liab(455K)160.0M423K342.4M1.3B1.3B
Net Debt272.2M228.7M24.3M373.6M172.0M87.7M
Retained Earnings70.4M84.2M123.0M157.0M191.1M200.7M
Accounts Payable455K248K129K691K1.9M2.0M
Cash21.1M21.6M26.1M19.7M20.7M23.6M
Other Assets1.5B1.8B1.8B2.3B74.5M70.8M
Net Receivables7.0M10.2M9.6M13.4M13.6M14.3M
Total Liab1.6B1.8B1.8B2.2B2.3B2.4B
Total Current Assets92.4M80.5M92.1M128.5M208.1M118.4M
Common Stock90.1M91.5M94.0M97.2M100.4M65.8M
Other Liab4.2M4.6M5.4M642K738.3K701.4K
Inventory(168.6M)(233.4M)(256.8M)(128.2M)7.1M7.4M
Other Current Assets168.6M233.4M256.8M128.2M208.4M402.8M
Intangible Assets2.0M1.9M1.0M691K881K1.5M
Net Tangible Assets159.2M172.4M204.2M237.7M273.4M287.0M
Short Term Debt243.6M160.6M681K343.7M351.9M179.1M

Unity Bancorp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense18.1M14.5M7.7M10.6M48.5M50.9M
Total Revenue66.8M75.0M87.3M97.6M100.0M105.0M
Gross Profit66.8M75.0M87.3M97.6M100.0M105.0M
Operating Income30.3M31.1M48.1M62.1M53.0M55.6M
Ebit30.3M31.4M48.1M52.8M53.0M55.6M
Ebitda31.9M33.0M49.7M54.2M55.4M58.1M
Income Before Tax30.3M31.1M48.1M51.4M53.0M55.6M
Net Income23.7M23.6M36.1M38.5M39.7M41.7M
Income Tax Expense6.7M7.5M12.0M13.0M13.3M14.0M
Tax Provision6.7M7.5M12.0M13.0M13.7M9.8M
Net Interest Income57.6M64.4M77.0M90.1M95.7M68.0M
Interest Income75.6M78.9M84.8M100.7M136.1M84.0M

Unity Bancorp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Unity Bancorp. It measures of how well Unity is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Unity Bancorp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Unity had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Unity Bancorp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash12.5M61.3M25.5M(130.0M)80.0M84.0M
Free Cash Flow32.5M33.2M22.2M41.2M46.0M48.3M
Depreciation1.6M1.9M1.6M2.8M2.4M1.4M
Other Non Cash Items5.5M13.6M(16.2M)(230K)(1.3M)(1.2M)
Dividends Paid3.3M3.3M3.6M4.4M4.7M5.0M
Capital Expenditures709K559K1.3M1.5M955K907.3K
Net Income23.7M23.6M36.1M38.5M39.7M41.7M
End Period Cash Flow158.0M219.3M244.8M114.8M194.8M204.5M
Investments(133.5M)(186.8M)(104.0M)(582.2M)(236.3M)(224.5M)
Change To Netincome124.0M11.9M290.6M4.0M4.6M4.4M
Net Borrowings73M(83M)(160M)343M394.5M414.2M

Unity Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Unity Bancorp's current stock value. Our valuation model uses many indicators to compare Unity Bancorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Unity Bancorp competition to find correlations between indicators driving Unity Bancorp's intrinsic value. More Info.
Unity Bancorp is rated second in return on equity category among its peers. It is rated first in return on asset category among its peers reporting about  0.10  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Unity Bancorp is roughly  9.67 . At this time, Unity Bancorp's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Unity Bancorp's earnings, one of the primary drivers of an investment's value.

Unity Bancorp Systematic Risk

Unity Bancorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Unity Bancorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Unity Bancorp correlated with the market. If Beta is less than 0 Unity Bancorp generally moves in the opposite direction as compared to the market. If Unity Bancorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Unity Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Unity Bancorp is generally in the same direction as the market. If Beta > 1 Unity Bancorp moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Unity Bancorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Unity Bancorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Unity Bancorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

1.27

At this time, Unity Bancorp's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Unity Bancorp November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Unity Bancorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Unity Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Unity Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Unity Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Unity Bancorp's daily price indicators and compare them against related drivers.

Additional Tools for Unity Stock Analysis

When running Unity Bancorp's price analysis, check to measure Unity Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.