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Union Bankshares, Inc.

UNB

Union Bankshares, Inc. • NASDAQ
$23.13 ▲ 2.07% (+0.47)
Market Cap $105.09 M
52w High $37.70
52w Low $20.65
Dividend Yield 1.44%
P/E 9.36
Volume 1.22K
Outstanding Shares 4.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $22.213M ▲ $9.999M ▼ $3.436M ▲ 15.468% ▲ $0.76 ▲ $4.276M ▲
Q2-2025 $21.185M ▲ $10.192M ▲ $2.395M ▼ 11.305% ▼ $0.53 ▼ $2.903M ▼
Q1-2025 $20.735M ▼ $9.824M ▲ $2.501M ▼ 12.062% ▼ $0.55 ▼ $3.031M ▼
Q4-2024 $21.437M ▲ $9.675M ▲ $3.001M ▲ 13.999% ▲ $0.67 ▲ $3.642M ▲
Q3-2024 $18.404M $9.017M $1.324M 7.194% $0.29 $1.596M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $174.184M ▲ $1.574B ▲ $1.496B ▲ $77.679M ▲
Q2-2025 $150.831M ▼ $1.48B ▼ $1.409B ▼ $71.258M ▲
Q1-2025 $164.923M ▼ $1.525B ▼ $1.455B ▼ $70.074M ▲
Q4-2024 $188.916M ▼ $1.528B ▲ $1.462B ▲ $66.48M ▼
Q3-2024 $262.848M $1.519B $1.447B $72.301M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.436M ▲ $9.709M ▲ $-89.041M ▼ $85.538M ▲ $6.206M ▼ $9.554M ▲
Q2-2025 $2.395M ▼ $288K ▼ $64.883M ▲ $-49.616M ▼ $15.555M ▲ $-381K ▼
Q1-2025 $2.501M ▼ $4.06M ▼ $1.948M ▲ $-8.134M ▼ $-2.126M ▲ $3.917M ▼
Q4-2024 $3.001M ▲ $5.759M ▲ $-50.201M ▲ $13.019M ▼ $-31.423M ▼ $5.62M ▲
Q3-2024 $1.324M $1.281M $-96.471M $111.944M $16.754M $1.07M

Five-Year Company Overview

Income Statement

Income Statement Union Bankshares shows a steady, modest rise in revenue over the past five years, but profits have not followed the same smooth path. Earnings were stronger a few years ago and have softened more recently, which is also visible in the decline in earnings per share from their earlier peak. This pattern is typical of a bank operating through a more challenging rate environment, where funding costs and credit provisions can eat into margins. Overall, the bank still appears consistently profitable, but with pressure on earnings quality and efficiency compared with its own recent history.

Balance Sheet

Balance Sheet The balance sheet has grown at a measured pace, with total assets climbing year after year, reflecting gradual expansion of the loan book and customer base. Equity has stayed fairly stable, so growth has been supported more by leverage than by retained capital. Borrowings have increased noticeably in the last couple of years, which may signal greater reliance on wholesale funding or other debt sources. Cash on hand is relatively small, which is normal for a community bank but puts more importance on stable deposits and prudent liquidity management.

Cash Flow

Cash Flow Cash generation from the core banking business has generally been positive, especially in the middle of the five‑year period, though it has eased back more recently in line with softer earnings. Free cash flow largely mirrors operating cash flow because the bank has very light capital spending needs. That means most cash generated can go toward supporting lending growth, balance sheet strength, or shareholder returns. The main watchpoint is that weaker profit and cash trends in the last couple of years could limit flexibility if conditions tighten further.

Competitive Edge

Competitive Edge Union Bankshares competes as a classic community bank with deep roots in northern New England, relying on long-standing relationships, local decision-making, and a strong reputation rather than scale or cutting‑edge technology. Its strengths include close knowledge of its markets, a loyal retail and small‑business customer base, strong marks for community reinvestment, and specialized capabilities in areas like residential mortgages, municipal banking, and small‑business lending with SBA preferred‑lender status. Its main competitive risks come from larger regional and national banks with broader product sets, as well as digital‑only players that may appeal to younger, more tech‑oriented customers.

Innovation and R&D

Innovation and R&D The bank is not a heavy spender on formal research and development, but it has steadily upgraded its technology to keep pace with customer expectations. Its digital banking offering covers the basics well: mobile deposits, online account opening, bill pay, and small‑business cash‑management tools such as remote deposit and fraud‑prevention services. Innovation here is more about practical adoption and user‑friendliness than about introducing novel products. Looking ahead, the most important areas to watch are improvements in mobile and online experience, deeper digital tools for business clients, potential partnerships with fintech providers, and the use of data analytics to personalize services without losing its human, community‑bank feel.

Summary

Union Bankshares looks like a steady, relationship‑driven community bank that has grown its balance sheet gradually while maintaining consistent, though recently pressured, profitability. The franchise is anchored by strong local ties, a good reputation for community service, and recognized strengths in residential and small‑business lending. Financially, the key positives are ongoing profitability, modest but steady asset growth, and simple capital‑spending needs, while the main concerns are softer earnings in the last couple of years and a greater reliance on debt funding. The long‑term story hinges on whether the bank can preserve its community‑bank advantages while continuing to modernize its digital capabilities and manage credit and funding risks through changing economic and interest‑rate cycles.

NEWS

October 15, 2025 · 4:26 PM UTC

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2025 and Declares Quarterly Dividend

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September 22, 2025 · 5:05 PM UTC

Acadian Timber Corp. Announces $2.5M Investment in UNB's Digital Forestry Program

Read more