Unity Bancorp (UNTY) Revenue & Revenue Breakdown

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Unity Bancorp Revenue Highlights

Latest Revenue (Y)

$155.74M

Latest Revenue (Q)

$42.35M

Main Segment (Y)

Service and loan fee income

Unity Bancorp Revenue by Period

Unity Bancorp Revenue by Year

Date	Revenue	Change
2024-12-31	$155.74M	55.78%
2023-12-31	$99.97M	2.39%
2022-12-31	$97.64M	11.79%
2021-12-31	$87.33M	16.51%
2020-12-31	$74.96M	12.18%
2019-12-31	$66.82M	6.18%
2018-12-31	$62.93M	17.68%
2017-12-31	$53.48M	13.65%
2016-12-31	$47.05M	12.78%
2015-12-31	$41.72M	13.40%
2014-12-31	$36.79M	10.79%
2013-12-31	$33.21M	-2.58%
2012-12-31	$34.09M	-1.58%
2011-12-31	$34.63M	-1.24%
2010-12-31	$35.07M	7.64%
2009-12-31	$32.58M	3.34%
2008-12-31	$31.52M	3.82%
2007-12-31	$30.37M	-3.24%
2006-12-31	$31.38M	3.15%
2005-12-31	$30.42M	13.58%
2004-12-31	$26.79M	2.20%
2003-12-31	$26.21M	10.53%
2002-12-31	$23.71M	34.88%
2001-12-31	$17.58M	-9.19%
2000-12-31	$19.36M	16.63%
1999-12-31	$16.60M	12.93%
1998-12-31	$14.70M	25.64%
1997-12-31	$11.70M	37.65%
1996-12-31	$8.50M	-

Unity Bancorp generated $155.74M in revenue during NA 2024, up 55.78% compared to the previous quarter, and up 233.07% compared to the same period a year ago.

Unity Bancorp Revenue by Quarter

Date	Revenue	Change
2024-09-30	$42.35M	66.37%
2024-06-30	$25.46M	1.12%
2024-03-31	$25.18M	1.03%
2023-12-31	$24.92M	-1.74%
2023-09-30	$25.36M	-0.57%
2023-06-30	$25.51M	1.41%
2023-03-31	$25.15M	-5.14%
2022-12-31	$26.51M	7.37%
2022-09-30	$24.69M	0.89%
2022-06-30	$24.48M	42098.28%
2022-03-31	$58.00K	-99.75%
2021-12-31	$23.20M	6.43%
2021-09-30	$21.80M	4.61%
2021-06-30	$20.84M	-2.75%
2021-03-31	$21.43M	2.94%
2020-12-31	$20.82M	10.82%
2020-09-30	$18.79M	6.27%
2020-06-30	$17.68M	0.94%
2020-03-31	$17.51M	2.69%
2019-12-31	$17.06M	-0.10%
2019-09-30	$17.07M	3.07%
2019-06-30	$16.56M	2.73%
2019-03-31	$16.12M	0.22%
2018-12-31	$16.09M	-1.45%
2018-09-30	$16.33M	6.03%
2018-06-30	$15.40M	1.84%
2018-03-31	$15.12M	4.06%
2017-12-31	$14.53M	6.33%
2017-09-30	$13.66M	4.19%
2017-06-30	$13.12M	7.76%
2017-03-31	$12.17M	-2.08%
2016-12-31	$12.43M	3.17%
2016-09-30	$12.05M	4.06%
2016-06-30	$11.58M	5.21%
2016-03-31	$11.00M	0.93%
2015-12-31	$10.90M	0.05%
2015-09-30	$10.90M	6.19%
2015-06-30	$10.26M	6.22%
2015-03-31	$9.66M	1.19%
2014-12-31	$9.55M	0.65%
2014-09-30	$9.48M	6.04%
2014-06-30	$8.95M	1.50%
2014-03-31	$8.81M	6.09%
2013-12-31	$8.31M	-0.31%
2013-09-30	$8.33M	1.23%
2013-06-30	$8.23M	-1.26%
2013-03-31	$8.34M	3.36%
2012-12-31	$8.07M	-8.35%
2012-09-30	$8.80M	1.18%
2012-06-30	$8.70M	2.05%
2012-03-31	$8.52M	6.83%
2011-12-31	$7.98M	-11.42%
2011-09-30	$9.01M	1.00%
2011-06-30	$8.92M	2.15%
2011-03-31	$8.73M	-7.04%
2010-12-31	$9.39M	5.85%
2010-09-30	$8.87M	5.21%
2010-06-30	$8.43M	0.70%
2010-03-31	$8.37M	-20.13%
2009-12-31	$10.48M	30.72%
2009-09-30	$8.02M	34.77%
2009-06-30	$5.95M	-26.73%
2009-03-31	$8.12M	6.45%
2008-12-31	$7.63M	-0.70%
2008-09-30	$7.68M	-2.31%
2008-06-30	$7.87M	-2.77%
2008-03-31	$8.09M	9.32%
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/Service	Dec 24	Dec 23	Dec 22	Dec 21
Branch fee income	$1.39M	$997.00K	$1.12M	$1.13M
Service and loan fee income	$2.17M	$1.93M	$2.43M	$2.76M

Unity Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service and loan fee income (60.88%), and Branch fee income (39.12%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21
Service and loan fee income	$955.00K	$753.00K	$457.00K	$934.00K	$491.00K	$503.00K	$618.00K	$543.00K	$688.00K	$584.00K	$820.00K	-	-
Branch fee income	$728.00K	$420.00K	$243.00K	$534.00K	$228.00K	$235.00K	$225.00K	$336.00K	$281.00K	$275.00K	$272.00K	-	-
Branch Fee Income	-	-	-	-	-	-	-	-	-	-	-	$294.00K	$269.00K
Service And Loan Fee Income	-	-	-	-	-	-	-	-	-	-	-	$804.00K	$509.00K

Unity Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Service and loan fee income (56.74%), and Branch fee income (43.26%).

Unity Bancorp Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
STEL	Stellar Bancorp	$602.40M	$151.78M
FRBA	First Bank	$173.24M	$55.44M
MRBK	Meridian	$156.03M	$50.31M
UNTY	Unity Bancorp	$155.74M	$42.35M
OBT	Orange County Bancorp	$127.23M	$35.61M
PBFS	Pioneer Bancorp	$104.65M	$28.50M
CWBC	Community West Bancshares	$61.39M	$27.26M
PBHC	Pathfinder Bancorp	$47.90M	$22.94M
WMPN	William Penn Ban	$34.97M	$7.89M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$7.66M
VBFC	Village Bank and Trust Financial	$33.13M	$11.72M
AFBI	Affinity Bancshares	$30.61M	$12.87M
TCBS	Texas Community Bancshares	$22.45M	$5.70M
CHMG	Chemung Financial	-	$21.28M
MBCN	Middlefield Banc	-	$27.36M

UNTY Revenue FAQ

What is Unity Bancorp’s yearly revenue?

Unity Bancorp's yearly revenue for 2024 was $155.74M, representing an increase of 55.78% compared to 2023. The company's yearly revenue for 2023 was $99.97M, representing an increase of 2.39% compared to 2022. UNTY's yearly revenue for 2022 was $97.64M, representing an increase of 11.79% compared to 2021.

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 (2022-2024) was 59.51%, and for the last 5 years (2020-2024) was 107.76%.

What are Unity Bancorp’s revenue streams?

Unity Bancorp's revenue streams in c 24 are Branch fee income, and Service and loan fee income. Branch fee income generated $1.39M in revenue, accounting 39.12% of the company's total revenue, up 39.52% year-over-year. Service and loan fee income generated $2.16M in revenue, accounting 60.88% of the company's total revenue, up 12.29% year-over-year.

What is Unity Bancorp’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Unity Bancorp was Service and loan fee income. This segment made a revenue of $2.16M, representing 60.88% of the company's total revenue.