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Complete financial analysis of Union Bankshares, Inc. (UNB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Union Bankshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Union Bankshares, Inc. (UNB)
About Union Bankshares, Inc.
Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; home improvement loans and overdraft; and residential construction and mortgage loans. In addition, it offers online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository services; merchant credit card services for the deposit and immediate credit of sales drafts; remote deposit capture services; and online mortgage application services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM services; debit cards; telephone, Internet, and mobile banking services; and asset management, fiduciary, and trust services. The company offers retail banking services to individuals; and commercial banking services to small and medium sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. It operates 18 banking offices, 3 loan centers, and various ATMs. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48.25M | 48.41M | 48.67M | 47.61M | 40.71M | 38.07M | 36.16M | 34.92M | 32.91M | 31.61M | 30.52M | 32.20M | 26.89M | 24.72M | 23.44M | 22.32M | 22.34M | 22.43M | 21.81M | 20.64M | 19.77M | 19.36M | 17.63M | 16.82M | 2.90M | 3.31M |
| Cost of Revenue | -18.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 67.00M | 48.41M | 48.67M | 47.61M | 40.71M | 38.07M | 36.16M | 34.92M | 32.91M | 31.61M | 30.52M | 32.20M | 26.89M | 24.72M | 23.44M | 22.32M | 22.34M | 22.43M | 21.81M | 20.64M | 19.77M | 19.36M | 17.63M | 16.82M | 2.90M | 3.31M |
| Gross Profit Ratio | 138.87% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 25.37M | 19.11M | 19.04M | 17.80M | 16.02M | 19.03M | 13.97M | 13.73M | 12.49M | 11.64M | 11.74M | 12.86M | 12.68M | 10.30M | 10.10M | 9.11M | 8.53M | 8.36M | 7.67M | 7.37M | 7.22M | 6.77M | 6.20M | 4.49M | 5.33M | 5.17M |
| Selling & Marketing | 659.00K | 617.00K | 530.00K | 544.00K | 555.00K | 456.00K | 469.00K | 507.00K | 456.00K | 305.00K | 364.00K | 341.00K | 466.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 26.03M | 19.11M | 19.04M | 17.80M | 16.02M | 19.03M | 13.97M | 13.73M | 12.49M | 11.64M | 11.74M | 12.86M | 13.14M | 10.30M | 10.10M | 9.11M | 8.53M | 8.36M | 7.67M | 7.37M | 7.22M | 6.77M | 6.20M | 4.49M | 5.33M | 5.17M |
| Other Expenses | 0.00 | -14.08M | -51.90M | -50.18M | -44.25M | -46.17M | -35.82M | -36.04M | -33.32M | -31.43M | -30.81M | -33.21M | -29.78M | -23.62M | -21.60M | 511.60K | -15.02M | -15.53M | -16.29M | -16.41M | -15.18M | -12.53M | -7.46M | -4.81M | 6.78M | 7.38M |
| Operating Expenses | 26.03M | 5.03M | -32.86M | -32.38M | -28.23M | -26.23M | -21.85M | -22.31M | -20.83M | -19.78M | -19.07M | -20.34M | -16.64M | -13.32M | -11.50M | 9.62M | -6.49M | -7.17M | -8.62M | -9.04M | -7.96M | -5.75M | -1.25M | -316.32K | 12.11M | 12.55M |
| Cost & Expenses | 26.03M | 5.03M | -32.86M | -32.38M | -28.23M | -26.23M | -21.85M | -22.31M | -20.83M | -19.78M | -19.07M | -20.34M | -16.64M | -13.32M | -11.50M | 9.62M | -6.49M | -7.17M | -8.62M | -9.04M | -7.96M | -5.75M | -1.25M | -316.32K | 12.11M | 12.55M |
| Interest Income | 56.85M | 43.95M | 39.27M | 36.75M | 36.00M | 32.18M | 29.02M | 26.84M | 25.14M | 24.85M | 24.48M | 25.03M | 23.65M | 22.90M | 23.21M | 24.66M | 26.27M | 25.20M | 22.26M | 20.18M | 20.37M | 22.17M | 24.12M | 24.13M | 22.86M | 22.63M |
| Interest Expense | 19.27M | 4.52M | 3.57M | 5.15M | 5.62M | 3.58M | 2.26M | 2.06M | 2.03M | 2.16M | 2.46M | 3.35M | 3.91M | 4.12M | 5.29M | 7.18M | 8.23M | 6.82M | 4.50M | 3.31M | 4.21M | 6.36M | 9.56M | 9.88M | 9.12M | 9.25M |
| Depreciation & Amortization | 1.64M | 1.80M | 1.90M | 2.06M | 1.74M | 1.39M | 1.39M | 1.43M | 1.25M | 1.15M | 1.07M | 1.06M | 792.00K | 660.38K | 713.66K | 784.38K | 772.94K | 841.38K | 908.61K | 902.26K | 915.88K | 856.03K | 697.26K | 840.42K | 867.11K | 789.83K |
| EBITDA | 14.52M | 17.05M | 17.71M | 17.29M | 14.22M | 9.73M | 13.45M | 11.97M | 11.31M | 10.81M | 10.07M | -1.30M | 7.13M | 7.95M | 8.54M | 6.91M | 8.38M | 9.22M | 8.70M | 8.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 30.09% | 45.86% | 36.39% | 36.31% | 34.92% | 34.74% | 43.42% | 40.19% | 40.51% | 41.03% | 41.05% | 40.11% | 41.05% | 48.81% | 53.98% | 63.11% | 74.40% | 71.78% | 64.66% | 60.58% | 64.34% | 74.71% | 96.86% | 103.12% | 546.75% | 502.83% |
| Operating Income | 22.22M | 20.40M | 15.82M | 15.22M | 12.48M | 11.84M | 14.31M | 12.61M | 12.08M | 11.82M | 11.46M | 11.86M | 10.25M | 11.41M | 11.94M | 13.30M | 15.85M | 15.26M | 13.20M | 11.60M | 11.80M | 13.61M | 16.38M | 16.50M | 15.01M | 15.86M |
| Operating Income Ratio | 46.05% | 42.14% | 32.50% | 31.98% | 30.65% | 31.10% | 39.57% | 36.10% | 36.71% | 37.40% | 37.53% | 36.82% | 38.11% | 46.14% | 50.93% | 59.59% | 70.94% | 68.03% | 60.50% | 56.21% | 59.70% | 70.29% | 92.90% | 98.12% | 516.89% | 478.98% |
| Total Other Income/Expenses | -9.34M | -8.20M | -7.95M | -6.98M | 0.00 | 0.00 | 0.00 | -1.43M | -1.25M | -800.00K | -690.00K | -1.30M | -922.00K | -425.97K | -425.97K | -901.04K | -265.06K | 0.00 | -908.61K | -902.26K | -4.21M | -6.36M | -9.56M | -9.88M | -9.12M | -9.25M |
| Income Before Tax | 12.88M | 15.25M | 15.82M | 15.22M | 12.48M | 8.26M | 12.05M | 10.54M | 10.06M | 9.67M | 9.00M | 8.51M | 6.34M | 7.29M | 6.65M | 6.13M | 7.62M | 8.44M | 8.70M | 8.29M | 7.59M | 7.25M | 6.82M | 6.62M | 5.89M | 6.61M |
| Income Before Tax Ratio | 26.69% | 31.49% | 32.50% | 31.98% | 30.65% | 21.69% | 33.33% | 30.20% | 30.56% | 30.59% | 29.48% | 26.42% | 23.57% | 29.48% | 28.35% | 27.44% | 34.11% | 37.62% | 39.87% | 40.17% | 38.41% | 37.43% | 38.66% | 39.39% | 202.82% | 199.53% |
| Income Tax Expense | 1.62M | 2.63M | 2.65M | 2.42M | 1.83M | 1.19M | 3.60M | 2.03M | 2.18M | 1.97M | 1.86M | 1.66M | 1.12M | 1.70M | 1.42M | 1.02M | 1.96M | 2.18M | 2.46M | 2.46M | 2.21M | 2.07M | 1.98M | 1.83M | 1.82M | 2.05M |
| Net Income | 11.26M | 12.62M | 13.17M | 12.81M | 10.65M | 7.07M | 8.45M | 8.51M | 7.88M | 7.69M | 7.14M | 6.84M | 5.22M | 5.59M | 5.23M | 5.11M | 5.66M | 6.26M | 6.24M | 5.84M | 5.39M | 5.18M | 4.83M | 4.80M | 4.08M | 4.55M |
| Net Income Ratio | 23.33% | 26.06% | 27.06% | 26.90% | 26.16% | 18.58% | 23.37% | 24.38% | 23.94% | 24.34% | 23.38% | 21.25% | 19.41% | 22.60% | 22.29% | 22.87% | 25.31% | 27.88% | 28.60% | 28.27% | 27.25% | 26.75% | 27.40% | 28.54% | 140.32% | 137.46% |
| EPS | 2.50 | 2.81 | 2.94 | 2.86 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 | 1.60 | 1.54 | 1.17 | 1.25 | 1.17 | 1.14 | 1.25 | 1.38 | 1.37 | 1.28 | 1.18 | 1.14 | 1.06 | 1.05 | 0.90 | 1.01 |
| EPS Diluted | 2.48 | 2.79 | 2.92 | 2.85 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 | 1.60 | 1.54 | 1.17 | 1.25 | 1.17 | 1.14 | 1.25 | 1.38 | 1.37 | 1.28 | 1.18 | 1.14 | 1.06 | 1.05 | 0.90 | 1.01 |
| Weighted Avg Shares Out | 4.50M | 4.50M | 4.48M | 4.47M | 4.47M | 4.47M | 4.46M | 4.46M | 4.45M | 4.45M | 4.46M | 4.44M | 4.46M | 4.46M | 4.47M | 4.49M | 4.52M | 4.53M | 4.55M | 4.56M | 4.57M | 4.54M | 4.56M | 4.56M | 4.53M | 4.52M |
| Weighted Avg Shares Out (Dil) | 4.54M | 4.51M | 4.51M | 4.49M | 4.48M | 4.48M | 4.47M | 4.46M | 4.45M | 4.45M | 4.46M | 4.44M | 4.46M | 4.46M | 4.47M | 4.49M | 4.52M | 4.53M | 4.55M | 4.56M | 4.57M | 4.54M | 4.56M | 4.56M | 4.53M | 4.52M |
Union Bankshares: Highly Profitable Regional Bank With Attractive Dividend Yield
Union Bankshares: Attractive Dividend Appears Secure Despite The Chances Of An Earnings Decline
Dividend Increases: January 15-21, 2022
Cautious Dividend Investor Alert: 18 Banks With Decent Yields And Superior Risk-Adjusted Returns
Union Bankshares Announces Completion of $16.5 Million Private Placement of Subordinated Notes
Union Bankshares Announces Earnings for the three and six months ended June 30, 2021 and Declares Quarterly Dividend
Union Bankshares Announces Earnings for the three months ended March 31, 2021 and Declares Quarterly Dividend
Union Bankshares: Let This Small Bank Pay You Off
Union Bankshares Reports Record Earnings for the year ended December 31, 2020 and Declares Increase in Quarterly Dividend
Should I Avoid Union Bankshares, Inc. (UNB)?
Source: https://incomestatements.info
Category: Stock Reports