Union Bankshares Inc (UNB)

Name: Union Bankshares Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$20.7M

Net Income

$2.5M

Operating Margin

12.9%

Free Cash Flow

$11.1M

Debt / Assets

95.0%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Union Bankshares Inc (UNB).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	20,700,000	12,881,000	20,100,000	19,400,000
Cost of Revenue	20,700,000	0	0	0
Gross Profit	0	12,881,000	20,100,000	19,400,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	7,012,000	6,145,000	6,966,000
Operating Expenses	0	7,012,000	10,643,000	9,781,000
Operating Income	2,665,000	5,869,000	2,475,000	19,400,000
Interest Expense	0	8,148,000	7,761,000	7,068,000
Income Before Tax	2,665,000	3,267,000	2,475,000	12,300,000
Income Tax Expense	150,000	266,000	123,000	61,000
Net Income	2,515,000	3,001,000	1,324,000	12,300,000
Per Share
EPS	0.55	0.67	0.29	2.70
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Union Bankshares Inc (UNB).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	87,299,999	47,157,000	48,246,000	48,411,000	48,671,000
Cost of Revenue	33,573,999	0	0	0	0
Gross Profit	53,726,000	47,157,000	48,246,000	48,411,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	30,647,000	27,580,000	26,028,000	19,106,000	19,041,000
Operating Expenses	41,700,000	27,580,000	26,028,000	5,030,000	0
Operating Income	12,026,000	19,577,000	22,218,000	20,401,000	0
Interest Expense	32,799,999	29,590,000	19,267,000	4,524,000	3,565,000
Income Before Tax	12,026,000	9,130,000	12,877,000	15,247,000	15,816,000
Income Tax Expense	928,000	369,000	1,620,000	2,632,000	2,646,000
Net Income	11,098,000	8,761,000	11,257,000	12,615,000	13,170,000
Per Share
EPS	2.43	1.94	2.50	2.81	2.94
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Union Bankshares Inc (UNB).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	4,658,000	14,630,000	15,527,000	20,932,000
Short Term Investments	7,642,000	174,286,000	311,649,000	250,267,000
Net Receivables	0	0	0	57,740,000
Inventory	0	0	0	0
Total Current Assets	12,300,000	188,916,000	97,765,000	271,199,000
Property Plant Equipment	19,847,000	20,225,000	23,221,000	20,479,000
Goodwill and Intangibles	0	1,700,000	1,700,000	2,000,000
Total Assets	1,617,191,000	1,528,358,000	1,471,181,000	1,336,395,000
Liabilities
Account Payables	0	0	0	13,058,000
Short Term Debt	0	29,215,000	0	50,168,000
Total Current Liabilities	226,939,000	1,168,894,000	0	13,058,000
Long Term Debt	302,788,000	275,969,000	74,327,000	66,205,000
Total Liabilities	1,536,327,000	1,461,878,000	1,405,374,000	1,281,175,000
Shareholders Equity
Retained Earnings	96,247,000	91,722,000	89,472,000	84,669,000
Total Shareholders Equity	80,864,000	66,480,000	65,807,000	55,220,000

Balance sheet annual history for Union Bankshares Inc (UNB).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	4,658,000	14,630,000	15,527,000	20,932,000	17,855,000
Short Term Investments	7,642,000	174,286,000	311,649,000	250,267,000	0
Net Receivables	0	0	0	57,740,000	42,429,000
Inventory	0	0	0	0	0
Total Current Assets	12,300,000	188,916,000	97,765,000	271,199,000	0
Property Plant Equipment	19,847,000	20,225,000	23,221,000	20,479,000	21,615,000
Goodwill and Intangibles	0	1,700,000	1,700,000	2,000,000	0
Total Assets	1,617,191,000	1,528,358,000	1,471,181,000	1,336,395,000	1,205,361,000
Liabilities
Account Payables	0	0	0	13,058,000	9,767,000
Short Term Debt	0	29,215,000	0	50,168,000	0
Total Current Liabilities	226,939,000	1,168,894,000	0	13,058,000	0
Long Term Debt	302,788,000	275,969,000	74,327,000	66,205,000	16,171,000
Total Liabilities	1,536,327,000	1,461,878,000	1,405,374,000	1,281,175,000	1,121,020,000
Shareholders Equity
Retained Earnings	96,247,000	91,722,000	89,472,000	84,669,000	78,350,000
Total Shareholders Equity	80,864,000	66,480,000	65,807,000	55,220,000	84,341,000

Cash flow quarterly history for Union Bankshares Inc (UNB).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	8,761,000	11,257,000	12,615,000	13,170,000
Depreciation & Amortization	1,593,000	1,639,000	1,801,000	11,000
Stock Based Compensation	398,000	374,000	446,000	0
Change in Working Capital	1,093,000	-3,294,000	-43,000	-6,622,000
Operating Cash Flow	12,151,000	9,920,000	29,031,000	4,909,000
Investing Activities
Capital Expenditure	-1,071,000	-1,946,000	-665,000	0
Investments	-1,071,000	-1,946,000	-665,000	0
Investing Cash Flow	-124,826,000	-82,981,000	-207,583,000	-15,013,000
Financing Activities
Debt Repayment	194,000,000	-15,696,000	-50,000,000	0
Common Stock Issued/Repurchased	0	31,262,000	-50,079,000	72,000
Dividends Paid	-6,444,000	-6,415,000	-6,236,000	-5,877,000
Financing Cash Flow	50,847,000	112,842,000	150,515,000	10,353,000
Summary
Free Cash Flow	11,080,000	7,974,000	28,366,000	4,909,000
Net Change in Cash	-61,828,000	39,781,000	-28,037,000	-122,429,000

Cash flow annual history for Union Bankshares Inc (UNB).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	8,761,000	11,257,000	12,615,000	13,170,000	12,805,000
Depreciation & Amortization	1,593,000	1,639,000	1,801,000	11,000	2,062,000
Stock Based Compensation	398,000	374,000	446,000	0	236,000
Change in Working Capital	1,093,000	-3,294,000	-43,000	-6,622,000	-80,000
Operating Cash Flow	12,151,000	9,920,000	29,031,000	4,909,000	-7,062,000
Investing Activities
Capital Expenditure	-1,071,000	-1,946,000	-665,000	0	-1,007,000
Investments	-1,071,000	-1,946,000	-665,000	0	-1,007,000
Investing Cash Flow	-124,826,000	-82,981,000	-207,583,000	-15,013,000	-125,909,000
Financing Activities
Debt Repayment	194,000,000	-15,696,000	-50,000,000	0	0
Common Stock Issued/Repurchased	0	31,262,000	-50,079,000	72,000	22,000
Dividends Paid	-6,444,000	-6,415,000	-6,236,000	-5,877,000	-5,689,000
Financing Cash Flow	50,847,000	112,842,000	150,515,000	10,353,000	204,608,000
Summary
Free Cash Flow	11,080,000	7,974,000	28,366,000	4,909,000	-8,069,000
Net Change in Cash	-61,828,000	39,781,000	-28,037,000	-122,429,000	71,637,000