UNION BANKSHARES INC UNB

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Certain Definitions: Capitalized terms used in the following discussion and not otherwise defined below have the meanings assigned to them in Note 1 to the Company's audited consolidated financial statements contained in Part II, item 8, page 55 of this Annual Report.

General: Union Bankshares, Inc. ("Company") is a one-bank holding company whose sole subsidiary is Union Bank ("Union"). It was incorporated in the State of Vermont in 1982 to serve as a holding company for Union Bank. The Company's common stock is traded on the Nasdaq Global Market under the symbol "UNB". Union Bank was organized and chartered as a state bank in 1891 and became a wholly owned subsidiary of the Company upon completion of the holding company reorganization in 1982. Both Union Bankshares, Inc. and Union Bank are headquartered in Morrisville, Vermont.

Last close 23.04 2026-10-23
Market cap $113.9M 2026-06-30 share count
52-week range 20.65 - 26.41

Valuation FY2025 figures against the last close

P/S1.5x
P/E9.6x
P/FCF7.1x
EV/EBITDA—
Dividend yield5.8%
Diluted EPS2.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $75.8M$68.0M$57.1M$43.9M$39.3M$36.8M$35.9M$32.2M$29.0M$26.8M
Interest expense $43.0M$38.4M$37.8M$4.5M$3.6M$5.1M$5.6M$3.6M$2.3M$2.1M
Pre-tax income $12.0M$9.2M$12.9M$15.2M$15.8M$15.2M$12.5M$8.3M$12.1M$11.1M
Income tax $928.0K$369.0K$1.6M$2.6M$2.6M$2.4M$1.8M$1.3M$3.6M$2.6M
Net income $11.1M$8.8M$11.3M$12.6M$13.2M$12.8M$10.6M$7.1M$8.4M$8.5M
EPS, basic 2.431.942.502.812.942.862.381.581.891.91
EPS, diluted 2.411.922.482.792.922.852.38———
Shares, diluted (wtd. avg.) 4.6M4.6M4.5M4.5M4.5M4.5M4.5M4.5M4.5M4.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $12.3M$15.8M$77.7M$37.9M$65.9M$122.8M$51.1M$37.3M$3.9M$4.3M
Property, plant and equipment $19.8M$20.2M$20.8M$20.5M$21.6M$20.0M$20.9M$16.1M$14.3M$13.5M
Goodwill —————$2.2M$2.2M$2.2M$2.2M$2.2M
Other intangibles —————$71.0K$242.0K$412.0K$583.0K$754.0K
Total assets $1.62B$1.53B$1.47B$1.34B$1.21B$1.09B$872.9M$805.3M$745.8M$691.4M
Total liabilities $1.54B$1.46B$1.40B$1.28B$1.12B$1.01B$801.1M$740.8M$687.2M$635.1M
Retained earnings $96.2M$91.7M$89.5M$84.7M$78.3M$71.1M$64.0M$58.9M$57.2M$53.1M
Total equity $80.9M$66.5M$65.8M$55.2M$84.3M$80.9M$71.8M$64.5M$58.7M$56.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $17.2M$12.2M$9.2M$29.0M$29.2M-$7.1M$11.6M$16.8M$9.9M$7.6M
Depreciation and amortisation $1.6M$1.6M$1.6M$1.8M$1.8M$1.9M$1.6M$1.2M$1.2M$1.3M
Stock-based compensation $494.0K$398.0K$374.0K$446.0K$299.0K$236.0K$165.0K$120.0K$104.0K$66.0K
Capital expenditure $1.3M$1.1M$1.9M$665.0K$3.5M$1.0M$6.4M$3.1M$2.0M$1.9M
Investing cash flow -$88.3M-$124.8M-$82.3M-$207.6M-$190.0M-$125.9M-$48.9M-$68.0M-$55.3M-$40.7M
Financing cash flow $67.6M$50.8M$112.8M$150.5M$104.0M$204.6M$51.1M$50.0M$44.7M$54.4M
Dividends paid $6.6M$6.5M$6.5M$6.3M$5.9M$5.7M$5.5M$5.3M$5.2M$4.9M
Buybacks —$0$130.0K$79.0K$2.0K$0$13.0K$107.0K$60.0K$6.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000706863-26-000034.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M 80M Revenue, FY2016: 26.8M Net income, FY2016: 8.5M Revenue, FY2017: 29M Net income, FY2017: 8.4M Revenue, FY2018: 32.2M Net income, FY2018: 7.1M Revenue, FY2019: 35.9M Net income, FY2019: 10.6M Revenue, FY2020: 36.8M Net income, FY2020: 12.8M Revenue, FY2021: 39.3M Net income, FY2021: 13.2M Revenue, FY2022: 43.9M Net income, FY2022: 12.6M Revenue, FY2023: 57.1M Net income, FY2023: 11.3M Revenue, FY2024: 68M Net income, FY2024: 8.8M Revenue, FY2025: 75.8M Net income, FY2025: 11.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $26.8M $29.0M $32.2M $35.9M $36.8M $39.3M $43.9M $57.1M $68.0M $75.8M
Gross profit — — — — — — — — — —
Net income $8.5M $8.4M $7.1M $10.6M $12.8M $13.2M $12.6M $11.3M $8.8M $11.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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