Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $1,959 | $2,034 | $2,445 | $2,579 | $2,654 |
| Liabilities | $1,785 | $1,828 | $2,206 | $2,317 | $2,358 |
| Equity | $174 | $206 | $239 | $261 | $296 |
Balance sheet data in USD (millions)
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Edwyn
Over the past 5 years, Unity Bancorp, Inc. has exhibited a steady growth trajectory in its financial position. Total assets have shown a consistent upward trend, increasing from $1.96 billion in 2020 to $2.65 billion in 2024. This indicates the company's ability to expand its operations and invest in various opportunities. Concurrently, total liabilities have also risen, reflecting the company's increased borrowing or obligations. However, the growth in stockholders' equity outpaced the increase in liabilities, signaling positive shareholder value creation. Noteworthy fluctuations include a significant jump in assets from 2022 to 2023, where the company experienced a substantial increase of over $133 million. This could signify a strategic investment or acquisition during that period. The growth in equity from 2023 to 2024 is also substantial, indicating strong profitability or successful capital management. In the industry context, such consistent growth in assets and equity could suggest that Unity Bancorp, Inc. is effectively capitalizing on market opportunities and efficiently managing its financial resources to enhance shareholder value.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.