Union Bankshares (UNB) Financial Statements & Analysis

Union Bankshares (UNB) Income Statement

Union Bankshares reported revenue of $87.30M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 86.4% from $46.83M a year earlier. Net income was $11.10M, up 26.7% year over year, a net margin of 12.7%. Gross margin was 61.5% and operating margin 13.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $23.30M, up 8.9% from the same quarter a year earlier.

Union Bankshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Union Bankshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	87.30	46.83	67.28	47.90	48.67	52.75	46.33	41.65	38.41
Cost of Revenue	33.57	30.52	18.77	4.52	3.57	7.35	6.38	4.03	2.46
Gross Profit	53.73	47.42	48.51	48.55	48.67	45.41	39.95	37.62	35.96
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	30.65	22.56	23.99	20.35	5.34	20.77	18.74	21.40	16.37
Operating Expenses	41.70	38.29	35.63	33.30	32.85	30.18	27.47	29.28	23.91
Operating Income	12.03	9.13	12.88	15.25	15.82	15.22	12.48	8.35	12.05
Other Income/Expense
Interest Income	75.80	67.41	56.85	43.92	39.26	36.75	36.00	32.18	29.02
Interest Expense	32.80	29.59	19.27	4.52	3.57	5.15	5.62	3.58	2.26
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	12.03	9.13	12.88	15.25	15.82	15.22	12.48	8.35	12.05
Income Tax Expense	0.93	0.37	1.62	2.63	2.65	2.42	1.83	1.27	3.60
Net Income	11.10	8.76	11.26	12.62	13.17	12.81	10.65	7.07	8.45
Net Income - Continuous Operations	11.10	8.76	11.26	12.62	13.17	12.81	10.65	7.07	8.45
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	13.66	1.59	14.52	1.80	1.90	17.29	14.22	9.73	13.45
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	1.63	1.59	1.64	1.80	1.90	2.06	1.74	1.39	1.39
Earnings Per Share
Basic EPS	2.00	2.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00
Diluted EPS	2.00	2.00	2.00	3.00	3.00	3.00	2.00	2.00	2.00
Basic Shares Outstanding	4.57	4.52	4.50	4.49	4.48	4.47	4.47	4.47	4.46
Diluted Shares Outstanding	4.57	4.52	4.54	4.49	4.51	4.49	4.48	4.48	4.47

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Union Bankshares Financial Statements

What was Union Bankshares's revenue in fiscal 2025?

Union Bankshares reported revenue of $87.30M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 86.4% from $46.83M a year earlier.

Is Union Bankshares profitable?

Yes. Union Bankshares earned net income of $11.10M in fiscal 2025, a net margin of 12.7%. In fiscal 2024 it earned $8.76M.

What is Union Bankshares's operating margin?

Union Bankshares's operating income was $12.03M on revenue of $87.30M in fiscal 2025, an operating margin of 13.8%, compared with 19.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition