Unity Bancorp, Inc.
UNTY Financial Banks Regional
Unity Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $188.4 million, up 14.7% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 12.2%, free cash flow fell 57.9% and total debt fell 15.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten.
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Unity Bancorp, Inc. (UNTY) Piotroski F-score
Unity Bancorp, Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | (1.00) |
| FY2024 | 7 | 1.00 |
| FY2023 | 6 | 1.00 |
| FY2022 | 5 | (1.00) |
| FY2021 | 6 | 1.00 |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | (1.00) |
| FY2018 | 6 | 1.00 |
| FY2017 | 5 | (1.00) |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.06% | 1.58% | Pass | 1 |
| Positive operating cash flow | 44.91m | 47.99m | Pass | 1 |
| Rising return on assets | 2.06% | 1.58% | Pass | 1 |
| Cash flow above net income | (13.04m) | 6.54m | Fail | 0 |
| Falling long-term leverage | 0.09 | 0.09 | Fail | 0 |
| Rising current ratio | 1.16 | 1.14 | Pass | 1 |
| No new shares issued | 10,033,000 | 10,031,000 | Fail | 0 |
| Rising gross margin | 69.96% | 65.21% | Pass | 1 |
| Rising asset turnover | 0.07 | 0.06 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SFST Southern First Bancshares, Inc. compare | 8 |
| GCBC Greene County Bancorp, Inc. compare | 8 |
| KRNY Kearny Financial compare | 7 |
| NRIM Northrim BanCorp Inc compare | 7 |
| FBIZ First Business Financial Services, Inc. compare | 6 |
| UNTY Unity Bancorp, Inc. | 6 |
| BWB Bridgewater Bancshares, Inc. compare | 6 |
| SUPV Grupo Supervielle S.A. compare | 6 |
| CIVB Civista Bancshares, Inc. compare | 5 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover