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Unity Bancorp's Total Assets for the quarter that ended in Sep. 2024 was $2,635.3 Mil.
During the past 12 months, Unity Bancorp's average Total Assets Growth Rate was 1.50% 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%.
Total Assets is connected with ROA %. Unity Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 was 1.67%. Total Assets is also linked to Revenue through Asset Turnover. Unity Bancorp's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.
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.
Unity Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 1,718.94 | 1,958.91 | 2,033.71 | 2,444.95 | 2,578.51 |
Unity Bancorp Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Assets | Get a 7-Day Free Trial | 2,563.01 | 2,578.51 | 2,568.09 | 2,597.71 | 2,635.32 |
Total Assets are all the assets a company owns.
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
Total Assets | = | Total Equity (A: Dec. 2023 ) | + | Total Liabilities (A: Dec. 2023 ) |
= | 261.43 | + | 2317.077 | |
= | 2,578.5 |
Unity Bancorp's Total Assets for the quarter that ended in Sep. 2024 is calculated as
Total Assets | = | Total Equity (Q: Sep. 2024 ) | + | Total Liabilities (Q: Sep. 2024 ) |
= | 284.257 | + | 2351.062 | |
= | 2,635.3 |
* 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.
Unity Bancorp (NAS:UNTY) Total Assets Explanation
Total Assets is connected with ROA %.
Unity Bancorp's annualized ROA % for the quarter that ended in Sep. 2024 is
ROA % | = | Net Income (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 43.62 | / | ( (2597.707 | + | 2635.319) | / 2 ) | |
= | 43.62 | / | 2616.513 | ||||
= | 1.67 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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 Sep. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Sep. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Sep. 2024 )) | / count ) |
= | 27.436 | / | ( (2597.707 | + | 2635.319) | / 2 ) |
= | 27.436 | / | 2616.513 | |||
= | 0.01 |
* 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.
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.
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 |
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