UNB
Income statement / Annual
Last year (2023), Union Bankshares, Inc.'s total revenue was $48.25 M,
a decrease of 0.34% from the previous year.
In 2023, Union Bankshares, Inc.'s net income was $11.26 M.
See Union Bankshares, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$48.25 M
|
$48.41 M
|
$48.67 M
|
$47.61 M
|
$40.71 M
|
$38.07 M
|
$36.16 M
|
$34.92 M
|
$32.91 M
|
$31.61 M
|
| Cost of Revenue |
-$18.75 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$67.00 M |
$48.41 M |
$48.67 M |
$47.61 M |
$40.71 M |
$38.07 M |
$36.16 M |
$34.92 M |
$32.91 M |
$31.61 M |
| Gross Profit Ratio |
1.39 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$25.37 M
|
$19.11 M
|
$19.04 M
|
$17.80 M
|
$16.02 M
|
$19.03 M
|
$13.97 M
|
$13.73 M
|
$12.49 M
|
$11.64 M
|
| Selling & Marketing
Expenses |
$659,000.00
|
$617,000.00
|
$530,000.00
|
$544,000.00
|
$555,000.00
|
$456,000.00
|
$469,000.00
|
$507,000.00
|
$456,000.00
|
$305,000.00
|
| Selling, General &
Administrative Expenses |
$26.03 M
|
$19.11 M
|
$19.04 M
|
$17.80 M
|
$16.02 M
|
$19.03 M
|
$13.97 M
|
$13.73 M
|
$12.49 M
|
$11.64 M
|
| Other Expenses |
$0.00 |
-$14.08 M |
-$51.90 M |
-$50.18 M |
-$44.25 M |
-$46.17 M |
-$35.82 M |
-$36.04 M |
-$33.32 M |
-$31.43 M |
| Operating Expenses |
$26.03 M |
$5.03 M |
-$32.86 M |
-$32.38 M |
-$28.23 M |
-$26.23 M |
-$21.85 M |
-$22.31 M |
-$20.83 M |
-$19.78 M |
| Cost And Expenses |
$26.03 M |
$5.03 M |
-$32.86 M |
-$32.38 M |
-$28.23 M |
-$26.23 M |
-$21.85 M |
-$22.31 M |
-$20.83 M |
-$19.78 M |
| Interest Income |
$56.85 M |
$43.95 M |
$39.27 M |
$36.75 M |
$36.00 M |
$32.18 M |
$29.02 M |
$26.84 M |
$25.14 M |
$24.85 M |
| Interest Expense |
$19.27 M |
$4.52 M |
$3.57 M |
$5.15 M |
$5.62 M |
$3.58 M |
$2.26 M |
$2.06 M |
$2.03 M |
$2.16 M |
| Depreciation &
Amortization |
$1.64 M
|
$1.80 M
|
$1.90 M
|
$2.06 M
|
$1.74 M
|
$1.39 M
|
$1.39 M
|
$1.43 M
|
$1.25 M
|
$1.15 M
|
| EBITDA |
$14.52 M
|
$17.05 M
|
$17.71 M
|
$17.29 M
|
$14.22 M
|
$9.73 M
|
$13.45 M
|
$11.97 M
|
$11.31 M
|
$10.81 M
|
| EBITDA Ratio |
0.3 |
0.46 |
0.36 |
0.36 |
0.35 |
0.35 |
0.43 |
0.4 |
0.41 |
0.41 |
| Operating Income Ratio
|
0
|
0.42
|
0.32
|
0.32
|
0.31
|
0.31
|
0.4
|
0.36
|
0.37
|
0.37
|
| Total Other
Income/Expenses Net |
-$9.34 M
|
-$8.20 M
|
-$7.95 M
|
-$6.98 M
|
$0.00
|
$0.00
|
$0.00
|
-$1.43 M
|
-$1.25 M
|
-$800,000.00
|
| Income Before Tax |
$12.88 M |
$15.25 M |
$15.82 M |
$15.22 M |
$12.48 M |
$8.26 M |
$12.05 M |
$10.54 M |
$10.06 M |
$9.67 M |
| Income Before Tax Ratio
|
0.27
|
0.31
|
0.32
|
0.32
|
0.31
|
0.22
|
0.33
|
0.3
|
0.31
|
0.31
|
| Income Tax Expense |
$1.62 M |
$2.63 M |
$2.65 M |
$2.42 M |
$1.83 M |
$1.19 M |
$3.60 M |
$2.03 M |
$2.18 M |
$1.97 M |
| Net Income |
$11.26 M |
$12.62 M |
$13.17 M |
$12.81 M |
$10.65 M |
$7.07 M |
$8.45 M |
$8.51 M |
$7.88 M |
$7.69 M |
| Net Income Ratio |
0.23 |
0.26 |
0.27 |
0.27 |
0.26 |
0.19 |
0.23 |
0.24 |
0.24 |
0.24 |
| EPS |
2.5 |
2.81 |
2.94 |
2.86 |
2.38 |
1.58 |
1.89 |
1.91 |
1.77 |
1.73 |
| EPS Diluted |
2.48 |
2.79 |
2.92 |
2.85 |
2.38 |
1.58 |
1.89 |
1.91 |
1.77 |
1.73 |
| Weighted Average Shares
Out |
$4.50 M
|
$4.50 M
|
$4.48 M
|
$4.47 M
|
$4.47 M
|
$4.47 M
|
$4.46 M
|
$4.46 M
|
$4.45 M
|
$4.45 M
|
| Weighted Average Shares
Out Diluted |
$4.54 M
|
$4.51 M
|
$4.51 M
|
$4.49 M
|
$4.48 M
|
$4.48 M
|
$4.47 M
|
$4.46 M
|
$4.45 M
|
$4.45 M
|
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