Union Bankshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	75.79	59.31	49.28	38.36	36.26
Interest Income on Investments	-	8.64	7.83	5.59	3.01
Total Interest Income	75.79	67.95	57.11	43.95	39.27
Interest Paid on Deposits	32.77	20.57	15.89	3.52	3.15
Interest Paid on Borrowings	-	9.02	3.37	1	0.42
Total Interest Expense	32.77	29.59	19.27	4.52	3.57
Net Interest Income	43.02	38.36	37.84	39.42	35.71
Net Interest Income Growth (YoY)	12.14%	1.38%	-4.01%	10.41%	12.99%
Trust Income	1.19	1.07	0.94	0.84	0.81
Gain (Loss) on Sale of Investments	-	-1.08	0.19	-0.03	-0.02
Other Non-Interest Income	10.28	8.04	7.61	7.55	7.22
Total Non-Interest Income	11.46	9.72	9.9	9.36	12.96
Non-Interest Income Growth (YoY)	17.89%	-1.83%	5.81%	-27.79%	-19.00%
Revenues Before Loan Losses	54.48	48.09	47.75	48.78	48.67
Provision for Loan Losses	0.77	0.93	-0.5	-	-
Revenue	53.71	47.16	48.25	48.78	48.67
Revenue Growth (YoY)	13.89%	-2.26%	-1.10%	0.23%	7.19%
Salaries and Employee Benefits	23.93	21	19.24	18.67	18.74
Occupancy Expenses	2.34	1.96	1.78	1.71	1.7
Selling, General & Administrative	4.38	5.33	5.01	4.96	4.47
Other Non-Interest Expense	11.05	9.74	9.34	8.3	7.95
Total Non-Interest Expense	41.7	38.03	35.37	33.63	32.86
EBT Excluding Unusual Items	12.01	9.13	12.88	15.15	15.82
Other Unusual Items	-	-	-	0.09	-
Pretax Income	12.01	9.13	12.88	15.25	15.82
Income Tax Expense	0.93	0.37	1.62	2.63	2.65
Net Income	11.08	8.76	11.26	12.62	13.17
Net Income to Common	11.08	8.76	11.26	12.62	13.17
Net Income Growth	26.47%	-22.17%	-10.76%	-4.21%	2.85%
Basic Shares Outstanding	5	5	5	4	4
Diluted Shares Outstanding	5	5	5	5	5
Shares Change (YoY)	0.12%	0.37%	0.51%	0.12%	0.35%
EPS (Basic)	2.43	1.94	2.50	2.81	2.94
EPS (Diluted)	2.43	1.92	2.48	2.79	2.92
EPS Growth	26.56%	-22.58%	-11.11%	-4.45%	2.46%
Dividend Per Share	1.440	1.440	1.440	1.400	1.320
Dividend Growth	-	-	2.86%	6.06%	3.13%
Effective Tax Rate	7.73%	4.04%	12.58%	17.26%	16.73%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q