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Union Bankshares Inc   (UNB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $27.0100 $-0.69 -2.491%
Day's High: $27.01 Week Perf: -0.7 %
Day's Low: $ 27.01 30 Day Perf: -12.28 %
Volume (M): 1 52 Wk High: $ 32.00
Volume (M$): $ 16 52 Wk Avg: $25.81
Open: $27.01 52 Wk Low: $20.07



 Market Capitalization (Millions $) 123
 Shares Outstanding (Millions) 5
 Employees -
 Revenues (TTM) (Millions $) 48
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 40
 Capital Exp. (TTM) (Millions $) 2

Union Bankshares Inc
Union Bankshares Inc. is a US-based bank holding company that offers commercial and retail banking services. It is headquartered in Vermont and operates through its subsidiary, Union Bank. The bank provides various financial products and services, including checking and savings accounts, loans, mortgages, wealth management, and online banking. Union Bankshares Inc. serves personal, business, and institutional customers, and focuses on serving local communities in Vermont and New Hampshire. The company is listed on the Nasdaq stock exchange under the ticker symbol UNB.


   Company Address: P.O. BOX 667 MORRISVILLE 5661 VT
   Company Phone Number: 888-6600   Stock Exchange / Ticker: NASDAQ UNB
   


Customers Net Income grew by UNB's Customers Net Profit Margin grew to

13.72 %

10.5 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -3.02%    
CFG   -4.14%    
FCNCA   -4.67%    
FITB   -2.01%    
NTRS   -6.85%    
TCBI   -2.85%    
• View Complete Report
   



Union Bankshares Inc

Despite Some Improvement, Union Bankshares Inc Faces Challenges with Declining Earnings and Profitability

Union Bankshares Inc recently announced its earnings for the three months and year ended December 31, 2023, revealing softer results compared to the previous year. The regional banks company reported a decrease in income by -11.66% to $0.67 per share and a decrease in revenue by -4.277% to $12.11 million year on year. However, there was a slight improvement in revenue and earnings from the preceding quarter, with revenue growing by 3.02% and earnings increasing by 21.17%.
Net earnings for the financial period ending December 31, 2023, fell by -15.28% to $6.528 million compared to the corresponding period in the previous year. The company's profitability was also affected, with operating margin decreasing to 28.73% and net margin shrinking to 53.91%. Operating earnings fell by -18.35% to $3.479 million, further squeezing the operating margin.

Union Bankshares Inc

Union Bankshares Inc Sees Decline in EPS Due to Weak Orders in Recent Fiscal Period

Financial News Report: Union Bankshares Inc Facing Challenges in Most Recent Fiscal Period
In the most recent fiscal period, Union Bankshares Inc reported a significant decline in income per share by -33.73% to $0.55 per share. This drop can be attributed to a decrease in revenue of -8.933% to $11.75 million compared to the previous corresponding period.
The Regional Banks industry, on the other hand, posted an overall revenue improvement in the third quarter of 2023. This indicates that Union Bankshares Inc is facing challenges that are impacting its financial performance.
In the previous financial reporting period, Union Bankshares Inc had achieved revenue of $12.20 million and a bottom line of $0.60 per share. However, in the most recent fiscal period, the company's net earnings fell by -35.41% to $5.360 million from $8.299 million in the corresponding period a year before.

Union Bankshares Inc

Union Bankshares Inc Defies Economic Odds, Achieving Impressive Revenue Growth amidst Decline in Income

Union Bankshares Inc, a prominent player in the stock market, recently released its financial report for the second quarter of 2023. While the report showed a decline in earnings per share (EPS), it also highlighted an encouraging increase in revenue. Although the decrease in income may initially raise concerns, a deeper analysis reveals an overall positive performance by Union Bankshares Inc.
During the second quarter of 2023, the company reported revenue of $12.20 million, indicating a growth of 3.05% when compared to the same period last year. This is an impressive achievement, considering the challenging economic climate that most businesses faced during this time. The fact that Union Bankshares Inc managed to increase its revenue is a testament to the company's strong market position and effective strategies.

Union Bankshares Inc

Union Bankshares Inc. Shines with Impressive Growth and Profitability in Q1 2023

Union Bankshares Inc. announced impressive double-digit revenue and earnings growth in the January to March 31, 2023 timeframe, demonstrating the company's steady progress in the competitive financial sector. The company's Q1 revenue reached $12.19 million, representing an impressive 10.601% YoY increase. While revenue decreased by -3.668% quarter on quarter, income surged by 20% to $0.66. The company's net earnings in Q1 of 2023 were $6.413 million, a 19.07% increase from the previous year.
One of Union Bankshares Inc.'s key strengths is its ability to assist corporate clients, helping them to grow and thrive. This approach enables the company to identify new opportunities and expand its market position. The company is continually looking for ways to improve its profit margins and recently reported a net margin of 52.63% in the Q1 of 2023, with an operating margin of 28.2%.
Despite the decline in profits, Union Bankshares Inc. was able to improve its return on assets (ROA) in the Q1 of 2023 compared to the previous quarter. In fact, the company's ROA for Q1 of 2023 was an impressive 2.81%, above their average return on assets of 1.72%. Admittedly, within the Financial sector, 283 other companies reportedly had a higher return on assets. However, it's worth noting that the company's overall ranking for ROA has climbed to 1536 in the Q1 of 2023 from a rank of 2090 in the Q4 of 2022In conclusion, Union Bankshares Inc.'s Q1 2023 performance is certainly encouraging, underscoring the company's steady growth and resilience. The financial sector is incredibly competitive, but Union Bankshares Inc. has managed to distinguish itself through its commitment to helping clients grow and thrive. The company's continued pursuit of new opportunities, coupled with its progress in improving profit margins, strengthens prospects for future growth and profitability. Congratulations to Union Bankshares Inc. on a successful Q1 2023!






 

Union Bankshares Inc's Segments
 
 
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  Revenue Outlook
Union Bankshares Inc does not provide revenue guidance.

Earnings Outlook
Union Bankshares Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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