Unity Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $2,578.5 Mil.
During the past 12 months, Unity Bancorp's average Total Assets Growth Rate was 2.60% per year.
During the past 3 years, the average Total Assets Growth Rate was 6.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.70% per year.
During the past 10 years, the average Total Assets Growth Rate was 11.10% per year.
During the past 13 years, Unity Bancorp's highest 3-Year average Total Assets Growth Rate was 44.90%. The lowest was -7.10%. And the median was 11.40%.
The historical data trend for Unity Bancorp's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Unity Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Unity Bancorp's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Unity Bancorp Total Assets Related Terms
Thank you for viewing the detailed overview of Unity Bancorp's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Unity Bancorp (Unity Bancorp) Business Description
Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
UNTY has been successfully added to your 