NASDAQ : UNB
Union Bankshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 22.83 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 112.91M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 70.07M | 66.34M | 59.31M | 49.28M | 38.36M | 36.26M |
| Interest Income on Investments | 9.45M | 9.45M | 8.64M | 7.83M | 5.59M | 3.01M |
| Total Interest Income | 79.52M | 75.79M | 67.95M | 57.11M | 43.95M | 39.27M |
| Interest Paid on Deposits | 21.95M | 21.41M | 20.57M | 15.89M | 3.52M | 3.15M |
| Interest Paid on Borrowings | 11.36M | 11.36M | 9.02M | 3.37M | 1.00M | 418.00K |
| Total Interest Expense | 33.31M | 32.77M | 29.59M | 19.27M | 4.52M | 3.56M |
| Net Interest Income | 46.21M | 43.02M | 38.36M | 37.84M | 39.42M | 35.71M |
| Trust Income | 1.28M | 1.19M | 1.07M | 943.00K | 838.00K | 808.00K |
| Gain (Loss) on Sale of Investments | 203.00K | 203.00K | -1.08M | 189.00K | -29.00K | -21.00K |
| Other Non-Interest Income | 7.84M | 7.90M | 7.92M | 7.61M | 7.55M | 7.22M |
| Total Non-Interest Income | 11.47M | 11.44M | 9.61M | 9.90M | 9.36M | 12.96M |
| Revenues Before Loan Losses | 57.67M | 54.46M | 47.97M | 47.75M | 48.78M | 48.67M |
| Provision for Loan Losses | -111.00K | 774.00K | 930.00K | -499.00K | ||
| Revenue | 57.79M | 53.68M | 47.04M | 48.25M | 48.78M | 48.67M |
| Salaries and Employee Benefits | 25.02M | 23.44M | 21.00M | 19.24M | 18.67M | 18.74M |
| Occupancy Expenses | 2.12M | 2.10M | 1.96M | 1.78M | 1.71M | 1.70M |
| Selling, General & Administrative | 6.14M | 5.97M | 5.33M | 5.01M | 4.96M | 4.47M |
| Other Non-Interest Expense | 10.62M | 10.19M | 9.74M | 9.34M | 8.29M | 7.95M |
| Total Non-Interest Expense | 43.90M | 41.70M | 38.03M | 35.37M | 33.63M | 32.85M |
| EBT Excluding Unusual Items | 13.88M | 11.98M | 9.01M | 12.88M | 15.15M | 15.82M |
| Other Unusual Items | 25.00K | 25.00K | 117.00K | 93.00K | ||
| Pretax Income | 13.91M | 12.01M | 9.13M | 12.88M | 15.25M | 15.82M |
| Income Tax Expense | 1.46M | 928.00K | 369.00K | 1.62M | 2.63M | 2.65M |
| Net Income | 12.44M | 11.08M | 8.76M | 11.26M | 12.62M | 13.17M |
| Net Income to Common | 12.44M | 11.08M | 8.76M | 11.26M | 12.62M | 13.17M |
| Basic Shares Outstanding | 4.73M | 4.56M | 4.52M | 4.51M | 4.50M | 4.48M |
| Diluted Shares Outstanding | 4.76M | 4.59M | 4.55M | 4.54M | 4.51M | 4.51M |
| EPS (Basic) | 2.63 | 2.43 | 1.94 | 2.50 | 2.81 | 2.94 |
| EPS (Diluted) | 2.61 | 2.41 | 1.92 | 2.48 | 2.79 | 2.92 |
| Dividend Per Share | 1.44 | 1.44 | 1.44 | 1.44 | 1.40 | 1.32 |
| Effective Tax Rate | 10.53% | 7.73% | 4.04% | 12.58% | 17.26% | 16.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.33M | 12.30M | 15.84M | 77.67M | 37.88M | 65.92M |
| Investment Securities | 289.07M | 109.78M | 101.36M | 140.81M | 114.54M | 111.47M |
| Mortgage-Backed Securities | 240.56M | 173.28M | 152.38M | 164.43M | 178.25M | |
| Total Investments | 289.07M | 350.34M | 274.64M | 293.19M | 278.97M | 289.72M |
| Gross Loans | 1.23B | 1.18B | 1.16B | 1.03B | 959.49M | 787.75M |
| Allowance for Loan Losses | -8.60M | -8.41M | -7.68M | -6.57M | -8.34M | -8.34M |
| Net Loans | 1.22B | 1.17B | 1.15B | 1.02B | 951.15M | 779.42M |
| Property, Plant & Equipment | 21.09M | 22.04M | 22.54M | 23.22M | 22.63M | 23.23M |
| Loans Held for Sale | 5.17M | 4.17M | 5.20M | 3.07M | 1.18M | 13.83M |
| Accrued Interest Receivable | 77.59M | 6.99M | 6.47M | 5.41M | 4.16M | |
| Long-Term Deferred Tax Assets | 10.24M | 11.31M | 8.90M | 10.12M | 314.00K | |
| Other Long-Term Assets | 30.52M | 30.95M | 30.86M | 27.69M | 31.84M | |
| Total Assets | 1.64B | 1.62B | 1.53B | 1.47B | 1.34B | 1.21B |
| Interest Bearing Deposits | 1.02B | 918.95M | 881.12M | 1.01B | 889.41M | 813.97M |
| Institutional Deposits | 69.10M | 61.72M | 42.81M | 26.36M | 16.22M | |
| Non-Interest Bearing Deposits | 228.40M | 226.94M | 226.05M | 250.99M | 286.14M | 264.89M |
| Total Deposits | 1.25B | 1.21B | 1.17B | 1.31B | 1.20B | 1.10B |
| Short-Term Borrowings | 30.00M | 15.50M | 29.00M | 10.00M | 50.00M | |
| Current Portion of Leases | 219.00K | |||||
| Accrued Interest Payable | 18.80M | 2.98M | 3.32M | 1.67M | 354.00K | 225.00K |
| Long-Term Debt | 257.41M | 16.31M | 16.27M | 16.24M | 16.20M | 16.17M |
| Federal Home Loan Bank Debt, Long-Term | 270.98M | 230.70M | 55.70M | |||
| Long-Term Leases | 2.17M | 2.48M | 2.60M | 2.25M | 1.69M | |
| Other Long-Term Liabilities | 13.19M | 11.21M | 11.26M | 10.54M | 7.86M | |
| Total Liabilities | 1.56B | 1.54B | 1.46B | 1.40B | 1.28B | 1.12B |
| Common Stock | 10.83M | 10.17M | 10.02M | 9.99M | 9.96M | 9.93M |
| Additional Paid-In Capital | 12.10M | 4.61M | 3.03M | 2.62M | 2.23M | 1.77M |
| Retained Earnings | 100.84M | 96.25M | 91.72M | 89.47M | 84.67M | 78.35M |
| Treasury Stock | -4.25M | -4.28M | -4.30M | -4.32M | -4.22M | -4.16M |
| Comprehensive Income & Other | -40.69M | -25.88M | -34.00M | -31.95M | -37.42M | -1.55M |
| Shareholders' Equity | 78.83M | 80.86M | 66.48M | 65.81M | 55.22M | 84.34M |
| Total Liabilities & Equity | 1.64B | 1.62B | 1.53B | 1.47B | 1.34B | 1.21B |
| Total Debt | 287.41M | 305.17M | 278.45M | 84.54M | 68.46M | 17.86M |
| Net Cash (Debt) | -257.11M | -283.92M | -253.15M | 7.82M | -14.15M | 61.26M |
| Net Cash Per Share | -54.02 | -61.83 | -55.59 | 1.72 | -3.13 | 13.59 |
| Filing Date Shares Outstanding | 4.89M | 4.61M | 4.54M | 4.52M | 4.51M | 4.49M |
| Total Common Shares Outstanding | 4.89M | 4.61M | 4.54M | 4.52M | 4.51M | 4.49M |
| Book Value Per Share | 16.11 | 17.53 | 14.65 | 14.56 | 12.25 | 18.77 |
| Tangible Book Value | 78.83M | 80.86M | 66.48M | 65.81M | 55.22M | 84.34M |
| Tangible Book Value Per Share | 16.11 | 17.53 | 14.65 | 14.56 | 12.25 | 18.77 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.08M | 8.76M | 11.26M | 12.62M | 13.17M | |
| Depreciation & Amortization | 1.63M | 1.59M | 1.64M | 2.75M | 3.11M | |
| Other Amortization | 34.00K | 34.00K | 34.00K | 34.00K | 11.00K | |
| Gain (Loss) on Sale of Assets | -22.00K | -1.00K | 95.00K | |||
| Gain (Loss) on Sale of Investments | 310.00K | 1.62M | 336.00K | 659.00K | 600.00K | |
| Provision for Credit Losses | 774.00K | 930.00K | -499.00K | |||
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 3.18M | -437.00K | -729.00K | 13.65M | 23.32M | |
| Accrued Interest Receivable | -517.00K | -1.06M | -1.25M | -916.00K | 881.00K | |
| Change in Other Net Operating Assets | 1.81M | 2.15M | -2.46M | 873.00K | -7.50M | |
| Other Operating Activities | -1.25M | -1.83M | 266.00K | -1.22M | -840.00K | |
| Operating Cash Flow | 17.23M | 12.15M | 9.19M | 29.03M | 29.19M | |
| Capital Expenditures | -1.25M | -1.07M | -1.95M | -665.00K | -3.51M | |
| Sale of Property, Plant and Equipment | 46.00K | 16.00K | ||||
| Investment in Securities | -68.25M | 3.41M | -10.21M | -35.81M | -170.75M | |
| Income (Loss) Equity Investments | 1.82M | 1.70M | 1.39M | 1.14M | 1.01M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -19.03M | -127.44M | -70.12M | -171.10M | -15.86M | |
| Other Investing Activities | 197.00K | 235.00K | ||||
| Investing Cash Flow | -88.33M | -124.83M | -82.25M | -207.58M | -190.01M | |
| Short-Term Debt Issued | 19.00M | 50.00M | ||||
| Long-Term Debt Issued | 70.28M | 285.00M | 90.70M | 16.50M | ||
| Total Debt Issued | 70.28M | 304.00M | 90.70M | 50.00M | 16.50M | |
| Short-Term Debt Repaid | -13.50M | -40.00M | ||||
| Long-Term Debt Repaid | -30.00M | -110.00M | -35.00M | -7.16M | ||
| Total Debt Repaid | -43.50M | -110.00M | -75.00M | -7.16M | ||
| Net Debt Issued (Repaid) | 26.79M | 194.00M | 15.70M | 50.00M | 9.34M | |
| Issuance of Common Stock | 1.18M | 72.00K | ||||
| Repurchase of Common Stock | -130.00K | -79.00K | -2.00K | |||
| Common Dividends Paid | -6.48M | -6.44M | -6.42M | -6.24M | -5.88M | |
| Net Increase (Decrease) in Deposit Accounts | 46.09M | -136.71M | 103.69M | 106.83M | 100.78M | |
| Other Financing Activities | -340.00K | |||||
| Financing Cash Flow | 67.57M | 50.85M | 112.84M | 150.51M | 103.97M | |
| Net Cash Flow | -3.54M | -61.83M | 39.78M | -28.04M | -56.85M | |
| Free Cash Flow | 15.97M | 11.08M | 7.25M | 28.37M | 25.68M | |
| Free Cash Flow Margin | 29.75% | 23.55% | 15.02% | 58.15% | 52.76% | |
| Free Cash Flow Per Share | 3.48 | 2.43 | 1.60 | 6.28 | 5.70 | |
| Cash Interest Paid | 33.11M | 27.94M | 17.96M | 4.39M | 3.45M | |
| Cash Income Tax Paid | 280.00K | 925.00K | 950.00K | 1.85M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 114.40M | 108.74M | 130.80M | 138.15M | 108.00M | 133.79M |
| Last Close Price | 22.83 | 22.37 | 25.96 | 26.14 | 19.32 | 22.85 |
| PE Ratio | 8.86 | 9.81 | 14.93 | 12.27 | 8.56 | 10.16 |
| PS Ratio | 1.95 | 2.03 | 2.78 | 2.86 | 2.21 | 2.75 |
| PB Ratio | 1.42 | 1.34 | 1.97 | 2.10 | 1.96 | 1.59 |
| P/FCF Ratio | 5.41 | 6.81 | 11.80 | 19.07 | 3.81 | 5.21 |
| P/OCF Ratio | 5.04 | 6.31 | 10.77 | 15.03 | 3.72 | 4.58 |
| Debt / Equity Ratio | 3.65 | 3.77 | 4.19 | 1.28 | 1.24 | 0.21 |
| Debt / FCF Ratio | 19.11 | 25.13 | 11.67 | 2.41 | 0.69 | |
| Net Debt / Equity Ratio | 3.26 | 3.51 | 3.81 | -0.12 | 0.26 | -0.73 |
| Net Debt / FCF Ratio | 17.78 | 22.85 | -1.08 | 0.50 | -2.38 | |
| Return on Equity (ROE) | 15.90% | 15.04% | 13.25% | 18.60% | 18.08% | 15.94% |
| Return on Assets (ROA) | 0.78% | 0.70% | 0.58% | 0.80% | 0.99% | 1.15% |
| Earnings Yield | 11.29% | 10.19% | 6.70% | 8.15% | 11.68% | 9.84% |
| FCF Yield | 18.49% | 14.69% | 8.47% | 5.24% | 26.26% | 19.20% |
| Dividend Yield | 6.31% | 6.11% | 5.00% | 4.71% | 5.84% | 4.43% |
| Payout Ratio | 55.13% | 58.49% | 73.55% | 56.99% | 49.43% | 44.62% |
| Buyback Yield / Dilution | -3.93% | -0.83% | -0.37% | -0.51% | -0.12% | -0.35% |
| Total Shareholder Return | 2.37% | 5.28% | 4.63% | 4.20% | 5.73% | 4.08% |