UNTY (Unity Bancorp) Net Interest Income (for Banks) : $96.2 Mil (As of Sep. 2024)

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What is Unity Bancorp Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. Unity Bancorp's net interest income for the three months ended in Sep. 2024 was $24.9 Mil. Its net interest income for the trailing twelve months (TTM) ended in Sep. 2024 was $96.2 Mil.

Unity Bancorp's quarterly net interest income declined from Mar. 2024 ($23.8 Mil) to Jun. 2024 ($23.4 Mil) but then increased from Jun. 2024 ($23.4 Mil) to Sep. 2024 ($24.9 Mil).

Unity Bancorp's annual net interest income increased from Dec. 2021 ($77.0 Mil) to Dec. 2022 ($90.1 Mil) and increased from Dec. 2022 ($90.1 Mil) to Dec. 2023 ($95.0 Mil).

Unity Bancorp Net Interest Income (for Banks) Historical Data

The historical data trend for Unity Bancorp's Net Interest Income (for Banks) 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.

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Unity Bancorp Net Interest Income (for Banks) Chart

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

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57.59

64.44

77.04

90.11

95.00

Unity Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Interest Income (for Banks)	Get a 7-Day Free Trial															23.53	24.03	23.84	23.42	24.86

Unity Bancorp Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $96.2 Mil.

Unity Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (NAS:UNTY) » Definitions » Net Interest Income (for Banks)

Comparable Companies

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UTB:Germany

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

https://www.unitybank.com

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, regular savings accounts, and others. The company structures its specific services and charges in a manner designed to attract the business of small and medium-sized businesses and professional communities, as well as 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.

Executives

Peter E Maricondo	director	4 DEXTER DRIVE SOUTH, BASKING RIDGE NJ 07920
Mark S Brody	director
George Boyan	officer: Chief Financial Officer	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James A Hughes	director, officer: President/CEO	C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Vincent Geraci	officer: Director of Mortgage Lending	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan	officer: Chief Lending Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim	officer: Chief Credit Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Mary E. Gross	director	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Daniel C Sharabba	officer: Senior Retail Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr.	director	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies	officer: Controller/FVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii	director, 10 percent owner	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas	director, 10 percent owner, other: Chairman of the Board	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright	director	9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak	officer: EVP/COO	C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809