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Union Bankshares Inc   (UNB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Union Bankshares Inc 's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Union Bankshares Inc in the first quarter 2024?
Union Bankshares Inc achieved a return on average equity (ROE) of 38.2 % in its first quarter 2024, this is above UNB's average return on equity of 13.08%.
Union Bankshares Inc shareholder's equity over the 12 months ending in its first quarter 2024 are valued at $59 million

ROE decreased relative to the period ending , due to the decline in net income.

Within the Regional Banks industry Union Bankshares Inc achieved the highest return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 159, from total ROE ranking in the forth quarter 2023 at 169.

What is ROE?



Return On Equity (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Equity Change 5.33 % 19.17 % -0.97 % -1.49 % -
Y / Y Net Income Change -22.05 % -15.28 % -35.41 % -9.87 % 19.07 %
Net Income (TTM) in Millions 23 24 25 28 29
Return On Equity (TTM) 38.2 % 41.13 % 45.18 % 50.31 % 51.25 %
UNB's Total Ranking # 159 # 169 # 197 # 127 # 192
Equity (TTM) in Millions 64 66 49 59 61
Seq. Equity Change -3.02 % 33.63 % -16.61 % -2.54 % 9.73 %
Seq. Net Income Change -23.42 % 21.79 % -8.11 % -9.04 % -16.77 %

Return On Equity Company Ranking
Within: No.
Industry # 1
Sector # 20
Overall # 159

Return On Equity Statistics
High Average Low
52.46 %
13.08 %
-75.06 %
(Sep 30 2022)   (Dec 31 2018)





UNB Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Equity in Millions 66 55 84 81 72
Y / Y Equity Change 19.17 % -34.53 % 4.3 % 12.56 % 11.4 %
Net Income in Millions 24 28 29 13 11
Y / Y Net Income Change -13.38 % -3.88 % 126.36 % 20.26 % 50.57 %
Return On Equity 36.67 % 50.46 % 34.37 % 15.83 % 14.82 %





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 36.67 %, due to deterioration of net income.


More Return On Equity Ratios
Regional Banks Industry Roe Trends and Statistics
Financial Sector Return On Equity Statistics
UNB's' Return on Equity at Yahoo Finance
UNB's Roe Ratio versus Regional Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for UNB's Competitors
Return On Equity for Union Bankshares Inc 's Suppliers
Roe for UNB's Customers




Companies with similar Return On Equity at Mar 31 2024, within Financial Sector ROE
Artisan Partners Asset Management Inc   103.30 %
Kingsway Financial Services Inc  97.31 %
Iron Mountain Inc  87.42 %
Simon Property Group inc   85.26 %
Apollo Global Management Inc   72.56 %
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Lpl Financial Holdings Inc   58.97 %
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Moody s Corporation  48.55 %
Strawberry Fields Reit Inc   43.87 %
Alexanders Inc  43.56 %
Lamar Advertising Co  41.96 %
Renaissancere Holdings Ltd  39.70 %
Slm Corp  39.62 %
Equitable Holdings Inc   38.22 %
Union Bankshares Inc   38.20 %
Freedom Holding Corp   38.00 %
Cohen and Steers Inc   35.91 %
Kinsale Capital Group Inc   34.66 %
Greenlight Capital Re Ltd   34.01 %
Hamilton Lane Incorporated  33.37 %
Brookfield Oaktree Holdings Llc  33.26 %
Mbc Funding Ii Corp   32.92 %
Marsh and Mclennan Companies Inc   32.63 %
American Express Company  32.46 %
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Dynamic Shares Trust  31.18 %
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Date modified: 2024-05-15T16:34:44+00:00



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