Union Bankshares operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking services in northern Vermont and New Hampshire. It offers retail depository services, loans of different types, as well as online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository services. Further, the Company provides ATM services and cards, and telephone, Internet, and mobile banking services. It also provides retail banking services to individuals, and commercial banking services to small and medium sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts.

Type
Public
HQ
Morristown, US
Founded
1891
Size (employees)
191 (est)
Union Bank was founded in 1891 and is headquartered in Morristown, US
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Union Bank Office Locations

Union Bank has an office in Morristown
Morristown, US (HQ)
20 Lower Main Street PO Box 667
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Union Bank Financials and Metrics

Union Bank Financials

Union Bank's revenue was reported to be $36.98 m in FY, 2016 which is a 47.1% increase from the previous period.
USD

Revenue (Q1, 2018)

10 m

Gross profit (Q1, 2018)

9.4 m

Gross profit margin (Q1, 2018), %

93.6%

Net income (Q1, 2018)

2.7 m

EBIT (Q1, 2018)

6.9 m

Market capitalization (14-Jun-2018)

238.2 m

Closing share price (14-Jun-2018)

53.4

Cash (31-Mar-2018)

13.2 m
Union Bank's current market capitalization is $238.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

24.5 m24.9 m25.1 m37 m

Revenue growth, %

2%1%47%

Cost of goods sold

2 m2.1 m2.3 m

Gross profit

23.1 m34.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

8.8 m8.9 m8.6 m9.3 m9.6 m9.1 m9.4 m10 m

Cost of goods sold

521 k461 k513 k519 k471 k537 k516 k647 k

Gross profit

8.3 m8.4 m8.1 m8.8 m9.1 m8.5 m8.9 m9.4 m

Gross profit Margin, %

94%95%94%94%95%94%95%94%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

30.7 m41.7 m18 m39.3 m38.5 m

Accounts Receivable

1.7 m1.9 m1.8 m2.3 m

Inventories

533.3 m586.6 m

PP&E

10.7 m11.9 m13.1 m13.5 m14.3 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

14.7 m13.7 m14 m24.2 m35.6 m25 m14.4 m12.4 m13.2 m

Inventories

472.7 m497.9 m512.6 m502.5 m522.4 m537.5 m536.2 m591.7 m

PP&E

12.9 m12.9 m13 m13.1 m13.4 m13.3 m13.2 m14.3 m

Goodwill

2.2 m2.2 m2.2 m2.2 m2.2 m2.2 m2.2 m2.2 m2.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.1 m7.7 m7.9 m8.5 m8.4 m

Depreciation and Amortization

902 k976 k1.1 m1.3 m1.2 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

5.6 m1.8 m3.7 m5.8 m1.9 m3.9 m6 m1.8 m3.9 m6.2 m1.9 m4.2 m2.4 m2.7 m

Depreciation and Amortization

679 k226 k463 k708 k227 k502 k785 k320 k638 k967 k307 k611 k301 k

Cash From Operating Activities

15.2 m2.6 m1.5 m4.5 m3.9 m8.7 m9.8 m1.3 m2.9 m3.8 m7.9 m8.5 m10.6 m9.1 m

Cash From Investing Activities

(37.8 m)(16.9 m)5.7 m(22.3 m)(29.5 m)(9.8 m)(28.3 m)(15 m)(52 k)(22.3 m)(5.4 m)(2.5 m)(43.5 m)(9 m)
USDY, 2018

Financial Leverage

12.2 x
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Union Bank Operating Metrics

Union Bank's Total Loans was reported to be $541.6m in Q2, 2017.
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Union Bank Online and Social Media Presence

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Union Bank News and Updates

BRIEF-Autoweb Terminated Loan Agreement With Union Bank

* AUTOWEB - ON MARCH 22, CO WAS TERMINATING LOAN AGREEMENT WITH UNION BANK, WHICH WAS INITIALLY ENTERED INTO ON FEBRUARY 26, 2013 Source text (https://bit.ly/2IblCnr) Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

India's City Union Bank CEO says suffered cyber hack via SWIFT system

MUMBAI (Reuters) - India's City Union Bank said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform.

India's City Union Bank CEO says suffered cyber hack via SWIFT system

MUMBAI, Feb 18 (Reuters) - India's City Union Bank said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform.
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