Union Bank

Headquartered in Morrisville, VT, Union Bank is a full service bank offering deposit, loan, trust and commercial banking services throughout northern Vermont and northern New Hampshire. Union Bank has earned an outstanding reputation for residential lending programs and is an SBA Preferred Lender. Additionally, Union Bank has received an “Outstanding” rating for its compliance with the Community Reinvestment Act (CRA). An institution in this group has an excellent record of helping to meet the credit needs of its assessment area, particularly in low-and moderate income neighborhoods, in a manner consistent with its resources and capabilities.

Proud to be one of the few community banks serving Vermont and New Hampshire, Union Bank maintains a strong commitment to traditional banking values. In particular, Union Bank is dedicated to providing genuine customer service and community support, including donations to local nonprofit organizations. These values—combined with financial expertise, quality products and the latest technology—make Union Bank the premier choice for your banking services, both personal and commercial. Union Bank currently maintains 17 banking offices, 2 loan centers and 26 ATMs.
Member FDIC. Equal Housing Lender.

Morristown, US
Size (employees)
188 (est)
Union Bank was founded in 1891 and is headquartered in Morristown, US

Union Bank Office Locations

Union Bank has an office in Morristown
Morristown, US (HQ)
20 Lower Main St

Union Bank Data and Metrics

Union Bank Financial Metrics

Union Bank's revenue was reported to be $37 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

37 m

Revenue growth (Y, 2015 - Y, 2016), %


Gross profit (Y, 2016)

34.9 m

Gross profit margin (Y, 2016), %


Net income (Y, 2016)

8.5 m

EBIT (Y, 2016)

24.6 m

Market capitalization (26-May-2017)

178.5 m

Closing share price (26-May-2017)


Cash (31-Dec-2016)

39.3 m
Union Bank's current market capitalization is $178.5 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 2016


24.5 m24.9 m25.1 m37 m

Revenue growth, %


Cost of goods sold

2 m2.1 m

Gross profit

23.1 m34.9 m

Gross profit Margin, %



22.6 m24.6 m

EBIT margin, %


Pre tax profit

10.1 m10.5 m

Net Income

7.1 m7.7 m7.9 m8.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


30.7 m41.7 m18 m39.3 m

Accounts Receivable

1.7 m1.9 m1.8 m2.3 m



10.7 m11.9 m13.1 m13.5 m


2.2 m2.2 m2.2 m2.2 m

Total Assets

585.4 m624.1 m628.9 m691.4 m

Accounts Payable

Retained Earnings

43.4 m46.5 m49.5 m53.1 m

Total Equity

49.8 m51.4 m53.6 m56.3 m

Financial Leverage

11.8 x12.1 x11.7 x12.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

7.1 m7.7 m7.9 m8.5 m

Depreciation and Amortization

902 k976 k1.1 m1.3 m

Accounts Receivable

22 k


Accounts Payable

Cash From Operating Activities

17.8 m2.2 m13.1 m7.6 m

Cash From Investing Activities

(35 m)(22.1 m)(34.8 m)(40.7 m)

Long-term Borrowings

(1.9 m)(3.6 m)(294 k)(2.9 m)

Dividends Paid

(4.5 m)(4.6 m)(4.8 m)(4.9 m)

Cash From Financing Activities

1.4 m31 m(2.1 m)54.4 m

Interest Paid

2.5 m2.1 m2.1 m2.2 m

Income Taxes Paid

1.4 m1.9 m2 m1.5 m
Numbers are in $, USDY, 2016


196.7 k

Financial Leverage

12.3 x

Union Bank Market Value History

Union Bank Online and Social Media Presence

Union Bank News and Updates

Union Bank Company Life and Culture

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