Union Bankshares, Inc. (UNB)

Union Bankshares Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	47.87	48.25	48.88	48.67	45.41	39.95
Revenue Growth (YoY)	-4.02%	-1.29%	0.42%	7.19%	13.66%	6.19%
Gross Profit	47.87	48.25	48.88	48.67	45.41	39.95
Selling, General & Admin	35.84	35.37	33.63	32.86	30.18	27.47
Operating Expenses	35.84	35.37	33.63	32.86	30.18	27.47
Operating Income	12.02	12.88	15.25	15.82	15.22	12.48
Pretax Income	12.02	12.88	15.25	15.82	15.22	12.48
Income Tax	1.33	1.62	2.63	2.65	2.42	1.83
Net Income	10.7	11.26	12.62	13.17	12.81	10.65
Net Income Growth	-18.41%	-10.76%	-4.21%	2.85%	20.26%	50.57%
Shares Outstanding (Basic)	5	5	4	4	4	4
Shares Change	0.22%	0.20%	0.29%	0.22%	0.14%	0.07%
EPS (Basic)	2.37	2.50	2.81	2.94	2.86	2.38
EPS (Diluted)	2.35	2.48	2.79	2.92	2.85	2.38
EPS Growth	-18.97%	-11.11%	-4.45%	2.46%	19.75%	50.63%
Free Cash Flow	6.86	7.26	28.37	25.68	-8.07	5.23
Free Cash Flow Per Share	1.52	1.61	6.31	5.73	-1.80	1.17
Dividend Per Share	1.440	1.440	1.400	1.320	1.280	1.240
Dividend Growth	2.13%	2.86%	6.06%	3.13%	3.23%	3.33%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	25.12%	26.69%	31.19%	32.50%	33.53%	31.23%
Profit Margin	22.35%	23.33%	25.81%	27.06%	28.20%	26.65%
Free Cash Flow Margin	14.32%	15.05%	58.04%	52.76%	-17.77%	13.08%
Effective Tax Rate	11.03%	12.58%	17.26%	16.73%	15.89%	14.67%
EBITDA	13.67	14.52	17.05	17.71	17.29	14.22
EBITDA Margin	28.56%	30.09%	34.88%	36.39%	38.07%	35.58%
Depreciation & Amortization	1.65	1.64	1.8	1.9	2.06	1.74
EBIT	12.02	12.88	15.25	15.82	15.22	12.48
EBIT Margin	25.12%	26.69%	31.19%	32.50%	33.53%	31.23%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).