Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion
Unity Bancorp, Inc. (NASDAQ: UNTY) has achieved significant recognition in Bank Director magazine's Top 25 Banks ranking. The bank is now listed as the 13th best publicly traded bank nationally and 5th in Return on Assets (ROA) among banks with less than $5 billion in assets. This marks an improvement from its 21st position in 2022. Unity Bank's total assets have grown to approximately $2.6 billion, with deposits reaching $2.0 billion.
The ranking, published annually since 2017, evaluates banks based on balance growth, profitability, asset quality, long-term shareholder value, and safety. Unity's success is attributed to its growth strategy, including new branch openings, expanded service areas, and employee development initiatives. The bank's strong performance, particularly in profitability, has been highlighted by its high ROA ranking in its asset category.
Unity Bancorp, Inc. (NASDAQ: UNTY) ha ottenuto un riconoscimento significativo nella classifica delle Top 25 Banks della rivista Bank Director. La banca è ora classificata come la 13ª migliore banca quotata in borsa a livello nazionale e 5ª per il Rendimento degli Attivi (ROA) tra le banche con meno di 5 miliardi di dollari in attivi. Questo segna un miglioramento rispetto alla sua 21ª posizione nel 2022. Gli attivi totali di Unity Bank sono cresciuti a circa 2,6 miliardi di dollari, con depositi che hanno raggiunto 2,0 miliardi di dollari.
La classifica, pubblicata annualmente dal 2017, valuta le banche sulla base della crescita del bilancio, della redditività, della qualità degli attivi, del valore per gli azionisti a lungo termine e della sicurezza. Il successo di Unity è attribuito alla sua strategia di crescita, che include nuove aperture di filiali, aree di servizio ampliate e iniziative di sviluppo dei dipendenti. Le forti prestazioni della banca, in particolare in termini di redditività, sono state evidenziate dal suo elevato ranking ROA nella sua categoria di attivi.
Unity Bancorp, Inc. (NASDAQ: UNTY) ha logrado un reconocimiento significativo en el ranking de las Top 25 Banks de la revista Bank Director. El banco ahora está clasificado como el 13º mejor banco que cotiza en bolsa a nivel nacional y 5º en Retorno sobre Activos (ROA) entre los bancos con menos de 5 mil millones de dólares en activos. Esto marca una mejora respecto a su posición 21 en 2022. Los activos totales de Unity Bank han crecido a aproximadamente 2,6 mil millones de dólares, con depósitos que alcanzan 2,0 mil millones de dólares.
El ranking, publicado anualmente desde 2017, evalúa a los bancos en base al crecimiento del balance, la rentabilidad, la calidad de los activos, el valor de los accionistas a largo plazo y la seguridad. El éxito de Unity se atribuye a su estrategia de crecimiento, que incluye nuevas aperturas de sucursales, áreas de servicio ampliadas e iniciativas de desarrollo de empleados. El fuerte rendimiento del banco, particularmente en rentabilidad, ha sido destacado por su alto ranking ROA en su categoría de activos.
Unity Bancorp, Inc. (NASDAQ: UNTY)는 Bank Director 잡지의 Top 25 Banks 순위에서 중요한 인정을 받았습니다. 이 은행은 현재 전국에서 13위의 상장은행으로, 자산이 50억 달러 미만인 은행 가운데 자산수익률(ROA)에서 5위로 나열되어 있습니다. 이는 2022년 21위에서의 개선을 나타냅니다. Unity Bank의 총 자산은 약 26억 달러로 성장했으며, 예치금은 20억 달러에 도달했습니다.
2017년부터 매년 발표되는 이 순위는 은행의 자산 증가, 수익성, 자산 품질, 장기 주주 가치, 안전성을 기준으로 평가합니다. Unity의 성공은 새로운 지점 개설, 서비스 지역 확대 및 직원 개발 이니셔티브를 포함한 성장 전략에 기인합니다. 특히 수익성 면에서 은행의 강력한 성과는 자산 카테고리에서 높은 ROA 순위에 의해 강조되었습니다.
Unity Bancorp, Inc. (NASDAQ: UNTY) a obtenu une reconnaissance significative dans le classement des Top 25 Banks du magazine Bank Director. La banque est maintenant classée comme la 13ème meilleure banque cotée en bourse au niveau national et 5ème en Rendement des Actifs (ROA) parmi les banques ayant moins de 5 milliards de dollars d'actifs. Cela marque une amélioration par rapport à sa 21ème position en 2022. Les actifs totaux de Unity Bank ont atteint environ 2,6 milliards de dollars, avec des dépôts atteignant 2,0 milliards de dollars.
Le classement, publié chaque année depuis 2017, évalue les banques en fonction de la croissance du bilan, de la rentabilité, de la qualité des actifs, de la valeur pour les actionnaires à long terme et de la sécurité. Le succès de Unity est attribué à sa stratégie de croissance, qui inclut de nouvelles ouvertures d'agences, l'élargissement des zones de service et des initiatives de développement des employés. La forte performance de la banque, en particulier en matière de rentabilité, a été mise en avant par son classement élevé en ROA dans sa catégorie d'actifs.
Unity Bancorp, Inc. (NASDAQ: UNTY) hat eine bedeutende Anerkennung im Bank Director Magazin ranking der Top 25 Banken erreicht. Die Bank ist jetzt als 13. beste börsennotierte Bank landesweit gelistet und 5. im Return on Assets (ROA) unter den Banken mit weniger als 5 Milliarden Dollar an Vermögenswerten. Dies stellt eine Verbesserung gegenüber der 21. Position im Jahr 2022 dar. Die Gesamtheit der Vermögenswerte von Unity Bank ist auf etwa 2,6 Milliarden Dollar gewachsen, wobei die Einlagen 2,0 Milliarden Dollar erreicht haben.
Das Ranking, das seit 2017 jährlich veröffentlicht wird, bewertet Banken auf der Grundlage des Bilanzwachstums, der Rentabilität, der Vermögensqualität, des langfristigen Aktionärswerts und der Sicherheit. Der Erfolg von Unity wird seiner Wachstumsstrategie zugeschrieben, zu der die Eröffnung neuer Filialen, die Erweiterung der Servicebereiche und Initiativen zur Mitarbeiterentwicklung gehören. Die starke Leistung der Bank, insbesondere in Bezug auf die Rentabilität, wurde durch ihre hohe ROA-Rangliste in ihrer Vermögenskategorie hervorgehoben.
- Improved ranking from 21st to 13th best publicly traded bank nationally
- Ranked 5th in Return on Assets (ROA) among banks under $5 billion in assets
- Total assets increased to $2.6 billion
- Deposits reached $2.0 billion
- None.
Insights
Unity Bank's impressive rankings in Bank Director magazine's Top 25 Banks list highlight its strong financial performance and strategic growth. The bank's climb from 21st to 13th place overall, coupled with its 5th place ranking in ROA for banks under
Unity Bank's standout performance in Bank Director magazine's rankings carries significant market implications. The improvement from 21st to 13th place overall suggests Unity is outpacing competitors in key performance metrics. Notably, the 5th place ranking in ROA for its asset category indicates superior efficiency in generating profits from assets. This could attract increased investor interest, particularly from those seeking exposure to well-managed regional banks. The bank's strategy of growth through new branch openings and expanded service areas demonstrates a commitment to market expansion, which could lead to increased market share and potentially higher valuations. However, investors should be mindful that past performance doesn't guarantee future results and should closely monitor Unity's ability to maintain this momentum in a rapidly evolving banking landscape.
Unity Maintains Strong Ranking in Bank Director Magazine Listing
CLINTON, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company, has once again been recognized in the prestigious Top 25 Banks ranking by Bank Director magazine. Unity Bank is listed as the 13th best publicly traded bank in the nation and is 5th in Return on Assets (ROA) among banks with less than
This year's rankings reflect Unity Bank's continued progress, improving from its 2022 position of 21st overall. Unity Bank's total assets have increased to approximately
The Top 25 Banks list, published annually since 2017, assesses banks based on their performance over the prior year, evaluating criteria such as balance growth, profitability, asset quality, long-term shareholder value, and safety. The rankings consider profitability, capital adequacy, asset quality, and total shareholder return, with data compiled by the investment bank Piper Sandler and sourced from S&P Global Market Intelligence.
James A. Hughes, President & CEO of Unity Bank, commented, “We are pleased to once again be featured on this esteemed national list. Our commitment to growth through new branch openings, expanding service areas, and fostering employee development continues to drive our success. The support from our customers, employees, and directors is evident in these rankings.”
Unity Bank’s ranking also highlights its strong profitability performance, with the bank placing 5th nationally for Return on Assets (ROA) in its asset category. For details on the Top 25 Banks list, refer to Bank Director magazine.
About Bank Director
Bank Director connects with the leaders of America’s banking industry. Since 1991, it has provided valuable research, peer insights, and executive services tailored for banking institutions. Bank Director offers timely information through its magazine, board training services, and the Acquire or Be Acquired conference. For more information, visit BankDirector.com.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 21 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.
Contact:
Crystal Rose
Marketing Director
(908) 713-4310
Crystal.Rose@unitybank.com
FAQ
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