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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	65.83	59.31	49.28	38.36	36.26	34.44
Interest Income on Investments	8.99	8.64	7.83	5.59	3.01	2.32
Total Interest Income	74.81	67.95	57.11	43.95	39.27	36.75
Interest Paid on Deposits	21.58	20.57	15.89	3.52	3.15	4.78
Interest Paid on Borrowings	10.92	9.02	3.37	1	0.42	0.37
Total Interest Expense	32.5	29.59	19.27	4.52	3.57	5.15
Net Interest Income	42.31	38.36	37.84	39.42	35.71	31.6
Net Interest Income Growth (YoY)	14.29%	1.38%	-4.01%	10.41%	12.99%	4.40%
Trust Income	1.14	1.07	0.94	0.84	0.81	0.71
Gain (Loss) on Sale of Investments	0.18	-1.08	0.19	-0.03	-0.02	0.25
Other Non-Interest Income	7.91	8.04	7.61	7.55	7.22	6.88
Total Non-Interest Income	11.34	9.72	9.9	9.36	12.96	16
Non-Interest Income Growth (YoY)	18.00%	-1.83%	5.81%	-27.79%	-19.00%	55.01%
Revenues Before Loan Losses	53.65	48.09	47.75	48.78	48.67	47.61
Provision for Loan Losses	1.12	0.93	-0.5	-	-	2.2
Revenue	52.53	47.16	48.25	48.78	48.67	45.41
Revenue Growth (YoY)	13.25%	-2.26%	-1.10%	0.23%	7.19%	14.03%
Salaries and Employee Benefits	22.4	21	19.24	18.67	18.74	17.56
Occupancy Expenses	2.08	1.96	1.78	1.71	1.7	1.6
Selling, General & Administrative	5.63	5.33	5.01	4.96	4.47	4.04
Other Non-Interest Expense	10.17	9.74	9.34	8.3	7.95	6.98
Total Non-Interest Expense	40.27	38.03	35.37	33.63	32.86	30.18
EBT Excluding Unusual Items	12.27	9.13	12.88	15.15	15.82	15.22
Other Unusual Items	-	-	-	0.09	-	-
Pretax Income	12.27	9.13	12.88	15.25	15.82	15.22
Income Tax Expense	0.93	0.37	1.62	2.63	2.65	2.42
Net Income	11.33	8.76	11.26	12.62	13.17	12.81
Net Income to Common	11.33	8.76	11.26	12.62	13.17	12.81
Net Income Growth	28.65%	-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)	0.73%	0.37%	0.51%	0.12%	0.35%	0.27%
EPS (Basic)	2.49	1.94	2.50	2.81	2.94	2.86
EPS (Diluted)	2.47	1.92	2.48	2.79	2.92	2.85
EPS Growth	27.30%	-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	7.60%	4.04%	12.58%	17.26%	16.73%	15.89%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q