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.

Type
Public
HQ
Morristown, US
Founded
1891
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 $9.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

9.1 m

Gross profit (Q1, 2017)

8.5 m

Gross profit margin (Q1, 2017), %

94%

Net income (Q1, 2017)

1.9 m

EBIT (Q1, 2017)

6.3 m

Market capitalization (25-Jul-2017)

209.7 m

Cash (31-Mar-2017)

25 m
Union Bank's current market capitalization is $209.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

24.5 m24.9 m25.1 m37 m

Revenue growth, %

2%1%47%

Cost of goods sold

2 m2.1 m

Gross profit

23.1 m34.9 m

Gross profit Margin, %

92%94%

EBIT

22.6 m24.6 m

EBIT margin, %

90%67%

Pre tax profit

10.1 m10.5 m

Net Income

7.1 m7.7 m7.9 m8.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

521 k461 k513 k519 k471 k537 k

Gross profit

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

Gross profit Margin, %

94%95%94%94%95%94%

EBIT

5.6 m5.8 m5.9 m6.1 m6.3 m6.3 m

EBIT margin, %

64%65%68%66%66%69%

Pre tax profit

2.6 m2.6 m2.2 m2.8 m2.9 m2.6 m

Net Income

3.7 m5.8 m1.9 m3.9 m6 m1.8 m3.9 m6.2 m1.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

30.7 m41.7 m18 m39.3 m

Accounts Receivable

1.7 m1.9 m1.8 m2.3 m

Inventories

533.3 m

PP&E

10.7 m11.9 m13.1 m13.5 m

Goodwill

2.2 m2.2 m2.2 m2.2 m

Total Assets

585.4 m624.1 m628.9 m691.4 m

Accounts Payable

597.7 m

Total Liabilities

635.1 m

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
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

Inventories

472.7 m497.9 m512.6 m502.5 m522.4 m537.5 m

PP&E

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

Goodwill

2.2 m2.2 m2.2 m2.2 m2.2 m2.2 m

Total Assets

601 m620.3 m640.8 m636.5 m672.6 m676.5 m

Accounts Payable

513 m543.9 m559 m548 m572.2 m582.1 m

Additional Paid-in Capital

486 k495 k542 k586 k605 k658 k

Retained Earnings

48 m48.8 m50.1 m51 m52 m53.7 m

Total Equity

52.8 m53.8 m54.7 m56 m56.8 m57.2 m

Financial Leverage

11.4 x11.5 x11.7 x11.4 x11.8 x11.8 x
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

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m5.8 m1.9 m3.9 m6 m1.8 m3.9 m6.2 m1.9 m

Depreciation and Amortization

463 k708 k227 k502 k785 k320 k638 k967 k307 k

Accounts Receivable

32 k217 k

Cash From Operating Activities

1.5 m4.5 m3.9 m8.7 m9.8 m1.3 m2.9 m3.8 m7.9 m

Cash From Investing Activities

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)

Long-term Borrowings

(176 k)(3.5 m)(72 k)(146 k)(219 k)(76 k)(152 k)(229 k)(70 k)

Dividends Paid

(2.3 m)(3.5 m)(1.2 m)(2.4 m)(3.6 m)(1.2 m)(2.5 m)(3.7 m)(1.3 m)

Cash From Financing Activities

(18.3 m)10.9 m(3 m)(26 m)(9.5 m)9.7 m3.4 m36.1 m(16.8 m)

Interest Paid

1.3 m1.7 m394 k1.3 m1.7 m368 k1.2 m1.7 m540 k

Income Taxes Paid

670 k1.2 m200 k1 m1.5 m225 k800 k975 k
USDY, 2017

Revenue/Employee

48.3 k

Financial Leverage

11.8 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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