Union Bankshares (AUB) stock price, revenue, and financials

Union Bankshares market cap is $3.1 b, and annual revenue was $530.93 m in FY 2018

$3.1 B

AUB Mkt cap, 12-Dec-2019

$48.1 M

Union Bankshares Revenue Q3, 2019
Union Bankshares Net income (Q3, 2019)53.2 M
Union Bankshares EBIT (Q3, 2019)53.2 M
Union Bankshares Cash, 30-Sept-2019591.9 M
Union Bankshares EV3.6 B

Union Bankshares Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

43.8m41.1m320.2m61.3m65.0m70.9m71.7m530.9m

Sales and marketing expense

5.5m6.4m7.2m7.8m7.8m10.0m

R&D expense

12.5m13.7m15.4m16.5m18.4m

Operating expense total

52.0m50.9m48.5m28.4m29.4m30.1m29.6m35.9m

Depreciation and amortization

9.8m8.4m7.2m6.1m12.8m

EBIT

149.4m

EBIT margin, %

28%

Interest expense

32.7m27.5m20.5m19.9m24.9m29.8m50.0m102.1m

Pre tax profit

41.7m49.7m47.0m70.0m90.4m104.3m106.3m179.4m

Income tax expense

11.3m14.3m12.5m17.4m23.3m26.8m33.4m30.0m

Net Income

30.4m35.4m34.5m52.6m67.1m77.5m72.9m146.2m

Union Bankshares Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

96.7m82.9m73.0m133.3m142.7m179.2m199.4m261.2m

Accounts Receivable

2.8b2.9b3.0b5.3b5.6b361.0m7.1b9.7b

Inventories

PP&E

90.6m85.4m82.8m135.2m126.0m122.0m120.0m147.0m

Goodwill

59.4m59.4m59.4m293.5m293.5m298.2m298.5m

Total Assets

3.9b4.1b4.2b7.4b7.7b8.4b9.3b13.8b

Accounts Payable

6.4b

Short-term debt

(1.7m)

Long-term debt

155.4m136.8m139.0m299.5m291.2m413.3m425.3m668.5m

Total Debt

155.4m135.1m139.0m299.5m291.2m413.3m425.3m668.5m

Total Liabilities

3.5b3.7b3.7b6.4b6.7b7.4b8.3b11.8b

Common Stock

34.7m33.5m33.0m59.8m59.2m57.7m87.3m

Additional Paid-in Capital

187.5m176.6m170.8m643.4m631.8m605.4m610.0m1.4b

Retained Earnings

189.8m215.6m236.6m262.5m298.1m341.9m379.5m467.3m

Total Equity

421.6m435.9m438.2m978.0m995.4m1.0b1.0b1.9b

Debt to Equity Ratio

0.4 x0.3 x0.3 x0.3 x0.3 x0.4 x0.4 x0.3 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

9.3 x9.4 x9.5 x7.5 x7.7 x8.4 x8.9 x7.2 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

63.2m149.8m111.2m72.4m62.3m76.9m71.5m75.1m142.3m158.9m148.7m137.4m136.8m179.2m133.3m217.0m156.2m183.8m181.9m177.0m342.5m578.1m282.2m283.6m320.5m591.9m

Accounts Receivable

2.8b2.8b2.8b2.8b2.9b2.9b3.0b3.0b5.2b5.2b5.1b5.4b5.5b5.5b5.7b5.9b6.1b6.5b6.7b6.9b9.8b9.2b9.4b11.9b12.2b12.3b

PP&E

91.6m90.9m91.0m91.1m87.3m83.4m82.9m82.5m151.8m145.7m138.5m134.4m132.7m129.2m125.4m124.0m123.4m122.5m121.8m120.8m163.1m160.5m155.0m172.5m168.5m168.1m

Goodwill

59.4m59.4m59.4m59.4m59.4m59.4m59.4m59.4m296.9m296.9m296.9m293.5m293.5m293.5m293.5m297.7m298.2m298.2m298.2m298.2m724.1m725.2m727.7m927.8m930.4m929.8m

Total Assets

3.9b3.9b3.9b4.0b4.0b4.1b4.1b4.0b7.3b7.3b7.2b7.4b7.5b7.6b7.8b8.1b8.3b8.7b8.9b9.0b13.1b13.1b13.4b16.9b17.2b17.4b

Short-term debt

(1.7m)72.0m129.4m

Long-term debt

155.1m155.3m155.5m155.6m196.6m137.4m137.9m138.5m298.4m298.8m299.2m299.9m300.3m290.7m291.7m274.5m259.9m413.8m434.3m434.8m481.4m507.1m497.8m739.6m1.2b1.1b

Total Debt

155.1m155.3m155.5m155.6m194.8m209.4m267.3m138.5m298.4m298.8m299.2m299.9m300.3m290.7m291.7m274.5m259.9m413.8m434.3m434.8m481.4m507.1m497.8m739.6m1.2b1.1b

Total Liabilities

3.4b3.5b3.5b3.5b3.6b3.6b3.6b3.6b6.3b6.3b6.2b6.4b6.5b6.6b6.9b7.1b7.3b7.7b7.9b8.0b11.3b11.2b11.5b14.4b14.6b14.9b

Common Stock

34.6m34.6m34.4m34.4m34.4m32.9m32.9m32.9m61.8m60.7m60.3m59.7m59.7m59.5m57.9m57.5m57.4m57.6m57.6m57.7m87.1m87.1m87.2m108.5m108.6m107.3m

Preferred Stock

35.6m35.6m

Additional Paid-in Capital

186.2m186.5m185.3m185.7m186.2m168.3m168.6m169.3m678.1m659.2m651.2m641.9m640.9m638.5m610.1m605.0m603.8m606.1m607.7m608.9m1.4b1.4b1.4b1.9b1.9b1.8b

Retained Earnings

178.1m184.8m195.9m202.3m209.3m221.3m227.6m232.0m237.9m246.2m254.3m270.6m278.3m288.8m306.7m317.7m329.9m352.3m361.6m373.5m382.3m415.5m438.5m483.0m513.0m545.7m

Total Equity

443.1m451.6m426.1m433.4m442.9m430.8m428.4m433.7m982.5m977.0m977.7m986.9m988.1m995.0m981.0m989.2m1.0b1.0b1.0b1.0b1.8b1.9b1.9b2.5b2.5b2.5b

Debt to Equity Ratio

0.4 x0.3 x0.4 x0.4 x0.4 x0.5 x0.6 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.4 x0.4 x0.4 x0.3 x0.3 x0.3 x0.3 x0.5 x0.5 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0.1 x0.1 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0.1 x0.1 x

Financial Leverage

8.7 x8.7 x9.3 x9.2 x9.1 x9.4 x9.5 x9.3 x7.4 x7.5 x7.4 x7.5 x7.6 x7.6 x8 x8.2 x8.3 x8.5 x8.6 x8.7 x7.2 x7 x7.1 x6.9 x6.8 x6.9 x

Union Bankshares Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

30.4m35.4m34.5m52.6m67.1m77.5m72.9m146.2m

Depreciation and Amortization

6.7m6.6m19.9m25.3m23.9m13.6m25.2m26.3m

Cash From Operating Activities

70.5m(31.7m)157.0m125.2m108.8m93.8m110.3m216.8m

Purchases of PP&E

(26.4m)

Cash From Investing Activities

(17.4m)(132.0m)(218.7m)6.3m(375.3m)(715.1m)(885.8m)(770.0m)

Short-term Borrowings

30.0m(69.3m)

Long-term Borrowings

489.0k(57.5m)(10.0m)(40.0m)

Dividends Paid

(7.3m)(9.0m)(12.5m)(25.5m)(29.1m)(33.7m)(35.4m)(58.0m)

Cash From Financing Activities

(17.7m)149.9m51.8m(71.2m)275.8m657.9m795.6m615.1m

Net Change in Cash

35.5m(13.8m)(9.9m)60.2m9.4m36.6m20.1m61.8m

Interest Paid

33.0m28.0m21.0m28.4m27.5m29.6m47.8m99.2m

Income Taxes Paid

8.8m14.7m11.5m17.5m21.4m27.9m24.0m10.8m

Free Cash Flow

105.0m87.5m101.1m215.1m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

13.0m22.1m7.9m16.3m26.0m9.0m18.4m26.4m7.8m22.6m37.5m15.7m31.0m49.3m17.0m36.3m56.7m19.1m37.1m57.7m16.6m64.0m102.2m35.6m84.5m137.7m

Depreciation and Amortization

3.3m5.0m1.7m3.4m5.0m1.5m3.0m15.2m8.8m17.7m26.5m6.3m12.3m18.2m5.5m10.9m16.5m6.0m12.4m18.8m7.3m12.7m19.7m8.4m20.3m30.2m

Cash From Operating Activities

57.8m75.6m24.5m15.2m(16.2m)62.6m90.9m138.6m51.1m48.9m108.2m20.6m40.1m79.2m22.4m43.7m70.1m50.5m47.9m95.4m35.8m53.9m146.6m13.1m30.0m109.3m

Purchases of PP&E

(26.4m)(26.4m)

Cash From Investing Activities

(3.0m)25.7m(36.2m)(89.5m)(105.8m)(10.3m)(53.2m)(75.6m)104.6m130.8m188.9m(27.7m)(160.6m)(222.0m)(151.1m)(326.7m)(539.1m)(259.4m)(488.9m)(631.0m)(37.8m)309.1m(356.8m)33.1m(110.1m)(24.4m)

Short-term Borrowings

12.7m22.5m10.0m(12.4m)(91.1m)60.2m2.9m

Long-term Borrowings

244.0k366.0k122.0k244.0k(19.1m)(10.0m)(20.0m)(160.6m)

Dividends Paid

(3.6m)(5.5m)(1.7m)(3.6m)(6.1m)(3.1m)(6.1m)(9.3m)(6.3m)(12.5m)(19.0m)(6.4m)(13.7m)(21.0m)(8.4m)(16.7m)(25.0m)(8.7m)(17.5m)(26.2m)(13.8m)(27.6m)(42.8m)(18.8m)(37.7m)(58.2m)

Cash From Financing Activities

(52.7m)(12.7m)26.2m50.0m87.7m(58.3m)(49.0m)(70.8m)(86.5m)(93.8m)(221.4m)11.2m124.0m188.8m119.4m357.4m482.6m213.5m443.7m533.3m145.1m15.7m293.0m(23.8m)139.3m245.8m

Net Change in Cash

2.1m88.6m14.5m(24.3m)(34.3m)(6.0m)(11.4m)(7.8m)69.2m85.9m75.7m4.1m3.6m45.9m(9.3m)74.4m13.5m4.6m2.7m(2.3m)143.1m378.7m82.8m22.4m59.3m330.7m

Interest Paid

16.9m25.3m8.4m15.7m22.5m5.7m11.2m16.3m6.2m13.8m21.2m6.9m13.8m20.7m7.0m14.2m21.8m8.1m22.4m33.9m18.0m44.1m67.2m34.9m77.8m118.1m

Income Taxes Paid

2.5m4.2m2.9m2.9m4.3m1.4m4.6m7.9m5.8m5.8m12.4m3.0m12.4m13.8m10.5m15.8m19.8m16.4m19.6m6.3m10.8m7.4m20.4m

Free Cash Flow

53.2m68.8m20.5m40.6m65.0m47.3m42.6m88.2m34.9m51.2m142.3m11.6m24.3m97.8m

Union Bankshares Ratios

USDY, 2019

EV/EBIT

68.3 x

EV/CFO

33.2 x

EV/FCF

37.1 x

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

6.9 x

Union Bankshares Operating Metrics

Union Bankshares's Total Loans was reported to be $6.8b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

131 124 114

Non-accrual Loans

$19.26 m$17.39 m$9.52 m$12.97 m$11.94 m$13.09 m$10.86 m$12.68 m$9.97 m$22.34 m$24.57 m

Total Loans

$5.35 b$5.39 b$5.51 b$5.54 b$5.67 b$5.78 b$5.94 b$6.15 b$6.31 b$6.55 b$6.77 b