← UNITY BANCORP INC /NJ/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $47.0m |
$55.3m
+17.62%
|
$67.3m
+21.61%
|
$75.6m
+12.47%
|
$78.9m
+4.32%
|
$84.8m
+7.43%
|
$100.7m
+18.82%
|
$143.5m
+42.44%
|
$155.7m
+8.53%
|
$173.6m
+11.49%
|
— | |
| Noninterest income: | ||||||||||||
| Total noninterest income | $11.1m | $8.3m | $9.0m | $9.5m | $12.9m | $12.1m | $8.0m | $8.1m | $8.5m | $14.8m | — | |
| Net interest income | $38.3m |
$45.9m
+19.87%
|
$53.7m
+17.21%
|
$57.6m
+7.16%
|
$64.4m
+11.88%
|
$77.0m
+19.56%
|
$90.1m
+16.96%
|
$95.0m
+5.43%
|
$98.6m
+3.80%
|
$117.0m
+18.68%
|
$123.8m
+5.77%
|
|
| Interest Income (Expense), Net | $38.3m |
$45.9m
+19.87%
|
$53.7m
+17.21%
|
$57.6m
+7.16%
|
$64.4m
+11.88%
|
$77.0m
+19.56%
|
$90.1m
+16.96%
|
$95.0m
+5.43%
|
$98.6m
+3.80%
|
$117.0m
+18.68%
|
$182.0m
+55.55%
|
|
| Marketing and Advertising Expense | $1.1m | $1.2m | $1.4m | $1.4m | $906k | $1.2m | $1.2m | $1.4m | $1.6m | $1.7m | — | |
| Labor and Related Expense | $15.0m | $17.1m | $20.1m | $20.7m | $23.1m | $24.8m | $26.9m | $29.1m | $29.7m | $32.2m | — | |
| Noninterest expense: | ||||||||||||
| Total noninterest expense | $27.6m | $30.0m | $33.4m | $34.7m | $39.3m | $40.8m | $42.6m | $47.0m | $48.7m | $52.4m | — | |
| Interest expense: | ||||||||||||
| Total interest expense | $8.8m | $9.5m | $13.5m | $18.1m | $14.5m | $7.7m | $10.6m | $48.5m | $57.1m | $56.6m | — | |
| Net interest income after provision for credit losses | $37.0m |
$44.2m
+19.36%
|
$51.7m
+16.94%
|
$55.5m
+7.34%
|
$57.4m
+3.50%
|
$76.9m
+33.82%
|
$85.9m
+11.83%
|
$91.8m
+6.84%
|
$94.7m
+3.09%
|
$113.1m
+19.47%
|
$123.8m
+9.45%
|
|
| Debt and Equity Securities, Gain (Loss) | $424k | $62k | ($199k) | $373k | $93k | $609k | ($1.3m) | $7k | $586k | $5.6m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $52k | $322k | $46k | — | $345k | $94k | — | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | $35k | $317k | $44k | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $17k | $5k | $4k | — | $345k | $94k | $3.5m | — | |
| Gain on sale of SBA loans held for sale, net | $2.1m | $1.6m | $1.7m | $909k | $1.6m | $741k | $954k | $1.3m | $660k | $705k | — | |
| Gain on sale of mortgage loans, net | $1.6m | $1.5m | $1.7m | $2.1m | $6.3m | $4.6m | $1.4m | $1.5m | $1.5m | $1.5m | — | |
| Other income | $986k | $1.1m | $1.2m | $1.3m | $1.5m | $1.6m | $2.8m | $1.5m | $1.6m | $1.6m | — | |
| Other expenses | $1.8m | $1.9m | $1.8m | $1.9m | $1.7m | $1.6m | $2.3m | $2.6m | $2.7m | $2.6m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $20.5m | $22.4m | $27.3m | $30.3m | $31.1m | $48.1m | $51.4m | $53.0m | $54.4m | $75.5m | $75.7m | |
| Provision for income taxes | $7.3m | $9.5m | $5.4m | $6.7m | $7.5m | $12.0m | $13.0m | $13.3m | $12.9m | $17.6m | — | |
| Net Income (Loss) Attributable to Parent | $13.2m |
$12.9m
-2.39%
|
$21.9m
+70.01%
|
$23.7m
+7.91%
|
$23.6m
-0.04%
|
$36.1m
+52.76%
|
$38.5m
+6.47%
|
$39.7m
+3.25%
|
$41.5m
+4.39%
|
$58.0m
+39.81%
|
$58.6m
+1.16%
|
|
| Earnings Per Share, Basic | $1.40 | $1.22 | $2.04 | $2.18 | $2.21 | $3.47 | $3.66 | $3.89 | $4.13 | $5.78 | $5.86 | |
| Earnings Per Share, Diluted | $1.38 | $1.20 | $2.01 | $2.14 | $2.19 | $3.43 | $3.59 | $3.84 | $4.06 | $5.67 | $5.75 | |
| Weighted Average Number of Shares Outstanding, Basic | 9.4m | 10.6m | 10.7m | 10.8m | 10.7m | 10.4m | 10.5m | 10.2m | 10.0m | 10.0m | 10.0m | |
| Weighted average common shares outstanding - Basic (in shares) | 9.4m | 10.6m | 10.7m | 10.8m | 10.7m | 10.4m | 10.5m | 10.2m | 10.0m | 10.0m | — | |
| Weighted average common shares outstanding - Diluted (in shares) | 9.6m | 10.7m | 10.9m | 11.0m | 10.8m | 10.5m | 10.7m | 10.3m | 10.2m | 10.2m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 9.6m | 10.7m | 10.9m | 11.0m | 10.8m | 10.5m | 10.7m | 10.3m | 10.2m | 10.2m | 10.2m | |
| Additional Financial Items | ||||||||||||
| Bank Owned Life Insurance Income | $378k | $469k | $975k | $588k | $613k | $689k | $636k | $852k | $544k | $774k | — | |
| Equipment Expense | $1.7m | $2.1m | $2.3m | $2.9m | $2.6m | $2.6m | $2.5m | $2.8m | $3.1m | $3.2m | — | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | — | $1.5m | — | — | |
| Interest-bearing deposits | — | — | — | $906k | $258k | $194k | $735k | $1.7m | $2.0m | $2.0m | — | |
| FHLB stock | $245k | $370k | $462k | $385k | $331k | $197k | $396k | $1.4m | $789k | $565k | — | |
| Taxable | $1.7m | $2.0m | $1.9m | $1.9m | $1.7m | $1.3m | $4.8m | $7.3m | $7.3m | $6.8m | — | |
| Tax-exempt | $204k | $159k | $117k | $104k | $61k | $31k | $53k | $72k | $70k | $71k | — | |
| SBA loans | $3.2m | $3.8m | $4.3m | $3.8m | $3.1m | $3.3m | $4.3m | $5.5m | $4.9m | $3.8m | — | |
| Commercial loans | $23.9m | $27.0m | $33.9m | $37.6m | $40.0m | $44.2m | $53.8m | $77.0m | $87.8m | $95.1m | — | |
| Commercial construction loans | — | — | — | — | — | — | — | — | $12.1m | $10.3m | — | |
| Residential mortgage loans | $12.2m | $14.7m | $18.8m | $22.5m | $22.3m | $19.2m | $22.4m | $34.2m | $37.8m | $41.9m | — | |
| Consumer loans | $4.0m | $5.3m | $6.9m | $8.5m | $8.0m | $3.1m | $4.1m | $5.7m | $5.6m | $5.8m | — | |
| Residential construction loans | — | — | — | $4.7m | $4.5m | $6.1m | $8.6m | $10.5m | $9.5m | $7.2m | — | |
| Interest-bearing demand deposits | $537k | $665k | $1.2m | $1.8m | $1.3m | $1.1m | $1.4m | $5.3m | $7.2m | $7.5m | — | |
| Savings deposits | $1.7m | $2.7m | $3.9m | $4.5m | $2.5m | $1.7m | $3.1m | $11.2m | $13.0m | $11.7m | — | |
| Brokered deposits | — | — | — | — | — | — | — | $7.9m | $8.4m | $7.6m | — | |
| Time deposits | $3.7m | $3.3m | $5.9m | $9.5m | $8.8m | $3.8m | $2.8m | $17.3m | $22.9m | $25.6m | — | |
| Borrowed funds and subordinated debentures | $2.8m | $2.8m | $2.5m | $2.3m | $1.9m | $1.1m | $3.4m | $14.6m | $5.6m | $4.2m | — | |
| Provision for credit losses, loans | — | — | — | — | — | — | $4.2m | $1.8m | $2.4m | $6.7m | — | |
| Provision for credit losses, off-balance sheet | — | — | — | — | — | — | $115k | $53k | $1k | $66k | — | |
| (Release) provision for credit losses, securities | — | — | — | — | — | — | — | — | $1.5m | ($2.8m) | — | |
| BOLI income | $378k | $469k | $975k | $588k | $613k | $689k | $636k | $852k | $544k | $774k | — | |
| Net security gains | $424k | $62k | ($199k) | $373k | $93k | $609k | ($1.3m) | $7k | $586k | $5.6m | — | |
| Compensation and benefits | $15.0m | $17.1m | $20.1m | $20.7m | $23.1m | $24.8m | $26.9m | $29.1m | $29.7m | $32.2m | — | |
| Processing and communications | $2.4m | $2.6m | $2.8m | $2.9m | $3.2m | $3.0m | $2.8m | $3.0m | $3.5m | $4.2m | — | |
| Occupancy | $2.4m | $2.4m | $2.7m | $2.6m | $2.5m | $2.7m | $3.0m | $3.1m | $3.2m | $3.4m | $6.8m | |
| Furniture and equipment | $1.7m | $2.1m | $2.3m | $2.9m | $2.6m | $2.6m | $2.5m | $2.8m | $3.1m | $3.2m | — | |
| Professional services | $976k | $1.0m | $934k | $1.1m | $1.1m | $1.4m | $1.4m | $1.6m | $1.7m | $1.8m | — | |
| Loan related expenses | — | — | — | — | — | — | $518k | $918k | $1.1m | $888k | — | |
| Deposit insurance | $713k | $546k | $782k | $301k | $674k | $844k | $1.0m | $1.7m | $1.1m | $1.2m | — | |
| Director fees | $559k | $637k | $671k | $673k | $774k | $811k | $916k | $847k | $956k | $1.3m | — | |
| Total securities | $1.9m | $2.2m | $2.0m | $2.0m | $1.8m | $1.3m | $4.8m | $7.3m | $7.4m | $6.9m | — | |
| Total loans | $44.7m | $51.9m | $64.0m | $72.3m | $76.6m | $83.1m | $94.8m | $133.1m | $145.5m | $164.2m | — |