Unity Bancorp (UNTY) Non Operating Interest Expenses (2012 - 2024)
Unity Bancorp's (UNTY) quarterly Non Operating Interest Expenses came in at $14.1 million in Q1 2024, up 49.27% year-over-year from $9.4 million in Q2 2023, and up 2.69% quarter-over-quarter from $13.7 million in Q4 2023.
Analysis
Unity Bancorp (UNTY) Non Operating Interest Expenses (2012 - 2024) Analysis & Trends
Unity Bancorp has disclosed Non Operating Interest Expenses across 13 years of filings, most recently posting $14.1 million for Q1 2024.
- In Q1 2024, Non Operating Interest Expenses rose 49.27% year-over-year to $14.1 million; the TTM figure through Mar 2024 stood at $53.2 million (up 181.83% YoY), while the FY2023 annual figure was $48.5 million, up 356.18% from the prior year.
- Non Operating Interest Expenses came in at $14.1 million for Q1 2024 at Unity Bancorp, up from $13.7 million in the prior quarter.
- In the past five years, Non Operating Interest Expenses ranged from a high of $14.1 million in Q1 2024 to a low of $1.2 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $5.6 million, with a median of $3.4 million recorded in 2020.
- Year-over-year, Non Operating Interest Expenses plunged 55.46% in 2021 and soared 803.35% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $2.9 million in 2020, then sank by 51.81% to $1.4 million in 2021, then surged by 295.21% to $5.6 million in 2022, then jumped by 144.43% to $13.7 million in 2023, then advanced by 2.69% to $14.1 million in 2024.
- Per Business Quant data, the three most recent Non Operating Interest Expenses figures were $14.1 million in Q1 2024, $13.7 million in Q4 2023, and $13.5 million in Q3 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | - |
| 10 | Unity Bancorp | 590.21 Mn | 332.92 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 14.10 Mn |
| Dec 31, 2023 | 13.73 Mn |
| Sep 30, 2023 | 13.46 Mn |
| Jun 30, 2023 | 11.87 Mn |
| Mar 31, 2023 | 9.44 Mn |
| Dec 31, 2022 | 5.62 Mn |
| Sep 30, 2022 | 2.49 Mn |
| Jun 30, 2022 | 1.31 Mn |
| Mar 31, 2022 | 1.22 Mn |
| Dec 31, 2021 | 1.42 Mn |
| Sep 30, 2021 | 1.53 Mn |
| Jun 30, 2021 | 2.23 Mn |
| Mar 31, 2021 | 2.56 Mn |
| Dec 31, 2020 | 2.95 Mn |
| Sep 30, 2020 | 3.44 Mn |
| Jun 30, 2020 | 3.75 Mn |
| Mar 31, 2020 | 4.34 Mn |
| Dec 31, 2019 | 4.55 Mn |
| Sep 30, 2019 | 4.65 Mn |
| Jun 30, 2019 | 4.57 Mn |