Union Bankshares, Inc. (UNB)

Union Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	61.99	59.31	49.28	38.36	36.26	34.44
Interest Income on Investments	8.64	8.64	7.83	5.59	3.01	2.32
Total Interest Income	70.63	67.95	57.11	43.95	39.27	36.75
Interest Paid on Deposits	20.75	20.57	15.89	3.52	3.15	4.78
Interest Paid on Borrowings	10.26	9.02	3.37	1	0.42	0.37
Total Interest Expense	31	29.59	19.27	4.52	3.57	5.15
Net Interest Income	39.63	38.36	37.84	39.42	35.71	31.6
Net Interest Income Growth (YoY)	7.46%	1.38%	-4.01%	10.41%	12.99%	4.40%
Trust Income	1.09	1.07	0.94	0.84	0.81	0.71
Gain (Loss) on Sale of Investments	-1.21	-1.08	0.19	-0.03	-0.02	0.25
Other Non-Interest Income	7.92	8.04	7.61	7.55	7.22	6.88
Total Non-Interest Income	9.6	9.72	9.9	9.36	12.96	16
Non-Interest Income Growth (YoY)	-5.79%	-1.83%	5.81%	-27.79%	-19.00%	55.01%
Revenues Before Loan Losses	49.22	48.09	47.75	48.78	48.67	47.61
Provision for Loan Losses	1.4	0.93	-0.5	-	-	2.2
Revenue	47.83	47.16	48.25	48.78	48.67	45.41
Revenue Growth (YoY)	-0.08%	-2.26%	-1.10%	0.23%	7.19%	14.03%
Salaries and Employee Benefits	21.45	21	19.24	18.67	18.74	17.56
Occupancy Expenses	2.04	1.96	1.78	1.71	1.7	1.6
Selling, General & Administrative	5.4	5.33	5.01	4.96	4.47	4.04
Other Non-Interest Expense	9.73	9.74	9.34	8.3	7.95	6.98
Total Non-Interest Expense	38.63	38.03	35.37	33.63	32.86	30.18
EBT Excluding Unusual Items	9.2	9.13	12.88	15.15	15.82	15.22
Other Unusual Items	-	-	-	0.09	-	-
Pretax Income	9.2	9.13	12.88	15.25	15.82	15.22
Income Tax Expense	0.35	0.37	1.62	2.63	2.65	2.42
Net Income	8.85	8.76	11.26	12.62	13.17	12.81
Net Income to Common	8.85	8.76	11.26	12.62	13.17	12.81
Net Income Growth	-17.31%	-22.17%	-10.76%	-4.21%	2.85%	20.26%
Basic Shares Outstanding	5	5	5	4	4	4
Diluted Shares Outstanding	5	5	5	5	5	4
Shares Change (YoY)	0.53%	0.37%	0.51%	0.12%	0.35%	0.27%
EPS (Basic)	1.95	1.94	2.50	2.81	2.94	2.86
EPS (Diluted)	1.94	1.92	2.48	2.79	2.92	2.85
EPS Growth	-17.43%	-22.58%	-11.11%	-4.45%	2.46%	19.75%
Dividend Per Share	1.440	1.440	1.440	1.400	1.320	1.280
Dividend Growth	-	-	2.86%	6.06%	3.13%	3.23%
Effective Tax Rate	3.85%	4.04%	12.58%	17.26%	16.73%	15.89%

Updated May 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q