Union Bankshares, Inc. (UNB) Income Statement
UNB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUNB revenue and net income
Where UNB's revenue goes
2025Each bar shows an amount and its share of revenue. UNB kept 12.7% of revenue as net income.
UNB profit margins
UNB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.0% | +18.0% | +10.6% | +9.7% |
| Gross profit | +13.3% | +3.4% | +3.4% | +5.4% |
| Operating income | +31.7% | −7.6% | −4.6% | +1.3% |
| Net income | +26.7% | −4.2% | −2.8% | +3.5% |
| EPS (diluted) | +25.3% | −4.7% | −3.2% | +3.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UNB quarterly EPS vs estimates
Next report: November 6, 2026.
UNB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.3M | $77.9M | $67.3M | $53.1M | $52.2M | $52.8M | $46.3M | $41.7M | $38.4M | $36.4M |
| Cost of revenue | $33.6M | $30.5M | $18.8M | $4.5M | $3.6M | $7.3M | $6.4M | $4.0M | $2.5M | $2.2M |
| Gross profit | $53.7M | $47.4M | $48.5M | $48.5M | $48.7M | $45.4M | $40.0M | $37.6M | $36.0M | $34.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $30.6M | $27.0M | $24.6M | $23.8M | $23.1M | $21.3M | $19.3M | $21.9M | $16.8M | $16.4M |
| Total operating expenses | $41.7M | $38.3M | $35.6M | $33.3M | $32.9M | $30.2M | $27.5M | $29.3M | $23.9M | $23.7M |
| Operating income | $12.0M | $9.1M | $12.9M | $15.2M | $15.8M | $15.2M | $12.5M | $8.3M | $12.1M | $11.1M |
| Interest income | $75.0M | $67.4M | $53.9M | $43.9M | $39.3M | $36.8M | $35.7M | $32.0M | $28.9M | $26.7M |
| Interest expense | $32.8M | $29.6M | $19.3M | $4.5M | $3.6M | $5.1M | $5.6M | $3.6M | $2.3M | $2.1M |
| Income before taxes | $12.0M | $9.1M | $12.9M | $15.2M | $15.8M | $15.2M | $12.5M | $8.3M | $12.1M | $11.1M |
| Income taxes | $928,000 | $369,000 | $1.6M | $2.6M | $2.6M | $2.4M | $1.8M | $1.3M | $3.6M | $2.6M |
| Net income | $11.1M | $8.8M | $11.3M | $12.6M | $13.2M | $12.8M | $10.6M | $7.1M | $8.4M | $8.5M |
| EBITDA | $13.7M | $10.7M | $14.5M | $17.0M | $17.7M | $17.3M | $14.2M | $9.7M | $13.4M | $12.5M |
| EPS (diluted) | $2.43 | $1.94 | $2.49 | $2.81 | $2.93 | $2.86 | $2.26 | $1.58 | $1.99 | $1.95 |
| Gross margin | 61.5% | 60.8% | 72.1% | 91.5% | 93.2% | 86.1% | 86.2% | 90.3% | 93.6% | 93.9% |
| Operating margin | 13.8% | 11.7% | 19.1% | 28.7% | 30.3% | 28.9% | 26.9% | 20.0% | 31.4% | 30.5% |
| Net margin | 12.7% | 11.2% | 16.7% | 23.8% | 25.2% | 24.3% | 23.0% | 17.0% | 22.0% | 23.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.3M | $22.0M | $22.5M | $22.5M | $21.4M | $20.6M | $21.4M | $18.8M | $19.3M | $18.1M | $18.3M | $17.3M |
| Cost of revenue | $8.6M | $7.9M | $8.5M | $8.4M | $8.5M | $8.3M | $8.5M | $8.2M | $7.5M | $6.4M | $6.0M | $5.6M |
| Gross profit | $14.7M | $14.1M | $14.1M | $14.2M | $12.9M | $12.3M | $12.9M | $10.6M | $11.8M | $11.8M | $12.4M | $11.7M |
| Sales, general & admin | $8.5M | $6.4M | $9.5M | $7.3M | $7.5M | $6.8M | $6.8M | $6.8M | $6.8M | $7.7M | $6.0M | $6.1M |
| Total operating expenses | $11.5M | $10.8M | $11.0M | $10.3M | $10.4M | $9.7M | $9.6M | $9.4M | $9.7M | $9.2M | $8.9M | $8.9M |
| Operating income | $3.2M | $3.3M | $3.0M | $3.9M | $2.5M | $2.7M | $3.3M | $1.2M | $2.1M | $2.6M | $3.5M | $2.8M |
| Interest income | $19.8M | $19.3M | $19.3M | $19.0M | $18.5M | $18.1M | $18.4M | $17.0M | $16.4M | $15.5M | $15.3M | $14.8M |
| Interest expense | $8.4M | $8.2M | $8.4M | $8.1M | $8.3M | $8.0M | $8.1M | $7.8M | $7.1M | $6.6M | $6.3M | $5.7M |
| Income before taxes | $3.2M | $3.3M | $3.0M | $3.9M | $2.5M | $2.7M | $3.3M | $1.2M | $2.1M | $2.6M | $3.5M | $2.8M |
| Income taxes | $301,000 | $328,000 | $262,000 | $414,000 | $102,000 | $150,000 | $266,000 | −$123,000 | $61,000 | $165,000 | $430,000 | $296,000 |
| Net income | $2.9M | $3.0M | $2.8M | $3.4M | $2.4M | $2.5M | $3.0M | $1.3M | $2.0M | $2.4M | $3.0M | $2.5M |
| EBITDA | $3.7M | $3.8M | $3.4M | $4.3M | $2.9M | $3.0M | $3.6M | $1.6M | $2.5M | $3.0M | $3.9M | $3.2M |
| EPS (diluted) | $0.61 | $0.65 | $0.60 | $0.75 | $0.53 | $0.55 | $0.67 | $0.29 | $0.44 | $0.53 | $0.68 | $0.56 |
| Gross margin | 63.0% | 64.2% | 62.5% | 62.9% | 60.3% | 59.9% | 60.3% | 56.5% | 61.3% | 64.8% | 67.4% | 67.8% |
| Operating margin | 13.8% | 15.1% | 13.4% | 17.1% | 11.7% | 12.9% | 15.3% | 6.4% | 10.8% | 14.2% | 19.0% | 16.4% |
| Net margin | 12.5% | 13.6% | 12.3% | 15.3% | 11.2% | 12.1% | 14.0% | 7.0% | 10.5% | 13.3% | 16.6% | 14.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UNB's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UNB financial results
In fiscal year 2025 (ended December 31, 2025), Union Bankshares reported revenue of $87.3 million, up 12.0% from the year before. It had net income of $11.1 million (up 26.7%), a net profit margin of 12.7%. Diluted earnings per share came to $2.43. Over five years revenue grew at an average rate of 10.6% a year.
See the UNB stock overview for the latest quote and news, or the UNB chart for price history and technical indicators.
UNB income statement FAQ
What is Union Bankshares's annual revenue?
Union Bankshares reported total revenue of $87.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 12.0% from $77.9 million the previous year.
Is Union Bankshares profitable?
Yes. Union Bankshares reported net income of $11.1 million in fiscal 2025, a net profit margin of 12.7%; its operating margin was 13.8%.
What is Union Bankshares's gross margin?
Union Bankshares's gross margin was 61.5% in fiscal 2025: for every $100 of revenue, Union Bankshares kept $62 after the direct cost of its products and services.
How fast is Union Bankshares growing?
Revenue grew 10.6% a year on average over the last five fiscal years, from $52.8 million to $87.3 million.
What are Union Bankshares's earnings per share?
Union Bankshares earned $2.43 per diluted share in fiscal 2025, compared with $1.94 a year earlier.
When will Union Bankshares report its next earnings?
Union Bankshares is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Union Bankshares's fiscal year end?
Union Bankshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 20, 2026.