Unity Bancorp (UNTY) Revenue & Revenue Breakdown


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Unity Bancorp Revenue Highlights


Latest Revenue (Y)

$151.64M

Latest Revenue (Q)

$42.35M

Main Segment (Y)

Service and loan fee income

Unity Bancorp Revenue by Period


Unity Bancorp Revenue by Year

DateRevenueChange
2023-12-31$151.64M55.31%
2022-12-31$97.64M11.79%
2021-12-31$87.33M16.51%
2020-12-31$74.96M12.18%
2019-12-31$66.82M6.18%
2018-12-31$62.93M17.68%
2017-12-31$53.48M13.65%
2016-12-31$47.05M12.78%
2015-12-31$41.72M13.40%
2014-12-31$36.79M10.79%
2013-12-31$33.21M-2.58%
2012-12-31$34.09M-1.58%
2011-12-31$34.63M-1.24%
2010-12-31$35.07M7.64%
2009-12-31$32.58M3.34%
2008-12-31$31.52M3.82%
2007-12-31$30.37M-3.24%
2006-12-31$31.38M3.15%
2005-12-31$30.42M13.58%
2004-12-31$26.79M2.20%
2003-12-31$26.21M10.53%
2002-12-31$23.71M34.88%
2001-12-31$17.58M-9.19%
2000-12-31$19.36M16.63%
1999-12-31$16.60M12.93%
1998-12-31$14.70M25.64%
1997-12-31$11.70M37.65%
1996-12-31$8.50M-

Unity Bancorp generated $151.64M in revenue during NA 2023, up 55.31% compared to the previous quarter, and up 240.96% compared to the same period a year ago.

Unity Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$42.35M66.37%
2024-06-30$25.46M1.12%
2024-03-31$25.18M1.03%
2023-12-31$24.92M-1.74%
2023-09-30$25.36M-0.57%
2023-06-30$25.51M1.41%
2023-03-31$25.15M-5.14%
2022-12-31$26.51M7.37%
2022-09-30$24.69M0.89%
2022-06-30$24.48M42098.28%
2022-03-31$58.00K-99.75%
2021-12-31$23.20M6.43%
2021-09-30$21.80M4.61%
2021-06-30$20.84M-2.75%
2021-03-31$21.43M2.94%
2020-12-31$20.82M10.82%
2020-09-30$18.79M6.27%
2020-06-30$17.68M0.94%
2020-03-31$17.51M2.69%
2019-12-31$17.06M-0.10%
2019-09-30$17.07M3.07%
2019-06-30$16.56M2.73%
2019-03-31$16.12M0.22%
2018-12-31$16.09M-1.45%
2018-09-30$16.33M6.03%
2018-06-30$15.40M1.84%
2018-03-31$15.12M4.06%
2017-12-31$14.53M6.33%
2017-09-30$13.66M4.19%
2017-06-30$13.12M7.76%
2017-03-31$12.17M-2.08%
2016-12-31$12.43M3.17%
2016-09-30$12.05M4.06%
2016-06-30$11.58M5.21%
2016-03-31$11.00M0.93%
2015-12-31$10.90M0.05%
2015-09-30$10.90M6.19%
2015-06-30$10.26M6.22%
2015-03-31$9.66M1.19%
2014-12-31$9.55M0.65%
2014-09-30$9.48M6.04%
2014-06-30$8.95M1.50%
2014-03-31$8.81M6.09%
2013-12-31$8.31M-0.31%
2013-09-30$8.33M1.23%
2013-06-30$8.23M-1.26%
2013-03-31$8.34M3.36%
2012-12-31$8.07M-8.35%
2012-09-30$8.80M1.18%
2012-06-30$8.70M2.05%
2012-03-31$8.52M6.83%
2011-12-31$7.98M-11.42%
2011-09-30$9.01M1.00%
2011-06-30$8.92M2.15%
2011-03-31$8.73M-7.04%
2010-12-31$9.39M5.85%
2010-09-30$8.87M5.21%
2010-06-30$8.43M0.70%
2010-03-31$8.37M-20.13%
2009-12-31$10.48M30.72%
2009-09-30$8.02M34.77%
2009-06-30$5.95M-26.73%
2009-03-31$8.12M6.45%
2008-12-31$7.63M-0.70%
2008-09-30$7.68M-2.31%
2008-06-30$7.87M-2.77%
2008-03-31$8.09M9.32%
2007-12-31$7.40M-

Unity Bancorp generated $42.35M in revenue during Q3 2024, up 66.37% compared to the previous quarter, and up 166.04% compared to the same period a year ago.

Unity Bancorp Revenue Breakdown


Unity Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Service and loan fee income$1.93M$2.43M$2.76M
Branch fee income$997.00K$1.12M$1.13M

Unity Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service and loan fee income (65.91%), and Branch fee income (34.09%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Service and loan fee income$753.00K$457.00K$934.00K$491.00K$503.00K$618.00K$543.00K$688.00K$584.00K$820.00K--
Branch fee income$420.00K$243.00K$534.00K$228.00K$235.00K$225.00K$336.00K$281.00K$275.00K$272.00K--
Service And Loan Fee Income----------$804.00K$509.00K
Branch Fee Income----------$294.00K$269.00K

Unity Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service and loan fee income (64.19%), and Branch fee income (35.81%).

Unity Bancorp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
STELStellar Bancorp$590.82M$151.78M
FRBAFirst Bank$173.24M$55.44M
MRBKMeridian$168.27M$50.31M
UNTYUnity Bancorp$151.64M$42.35M
CHMGChemung Financial$137.52M$21.28M
OBTOrange County Bancorp$131.19M$35.61M
PBFSPioneer Bancorp$104.65M$28.50M
MBCNMiddlefield Banc$90.30M$27.36M
PBHCPathfinder Bancorp$72.74M$22.94M
CWBCCommunity West Bancshares$61.39M$27.26M
AFBIAffinity Bancshares$45.17M$12.87M
WMPNWilliam Penn Ban$34.97M$8.82M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
VBFCVillage Bank and Trust Financial$33.24M$11.72M
TCBSTexas Community Bancshares$19.33M$5.70M

UNTY Revenue FAQ


What is Unity Bancorp’s yearly revenue?

Unity Bancorp's yearly revenue for 2023 was $151.64M, representing an increase of 55.31% compared to 2022. The company's yearly revenue for 2022 was $97.64M, representing an increase of 11.79% compared to 2021. UNTY's yearly revenue for 2021 was $87.34M, representing an increase of 16.51% compared to 2020.

What is Unity Bancorp’s quarterly revenue?

Unity Bancorp's quarterly revenue for Q3 2024 was $42.35M, a 66.37% increase from the previous quarter (Q2 2024), and a 67.00% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $25.46M, a 1.12% increase from the previous quarter (Q1 2024), and a -0.20% decrease year-over-year (Q2 2023). UNTY's quarterly revenue for Q1 2024 was $25.18M, a 1.03% increase from the previous quarter (Q4 2023), and a 0.09% increase year-over-year (Q1 2023).

What is Unity Bancorp’s revenue growth rate?

Unity Bancorp's revenue growth rate for the last 3 years (2021-2023) was 73.63%, and for the last 5 years (2019-2023) was 126.94%.

What are Unity Bancorp’s revenue streams?

Unity Bancorp's revenue streams in c 23 are Service and loan fee income, and Branch fee income. Service and loan fee income generated $1.93M in revenue, accounting 65.91% of the company's total revenue, down -20.76% year-over-year. Branch fee income generated $997K in revenue, accounting 34.09% of the company's total revenue, down -10.74% year-over-year.

What is Unity Bancorp’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Unity Bancorp was Service and loan fee income. This segment made a revenue of $1.93M, representing 65.91% of the company's total revenue.