Union Bankshares
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Union Bankshares's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 0% to $48,246,000. Profit margin reached 23%. Total operating expenses were $26,028,000.
Profit Margin
| 2014 | 31.60M | 7.69M | 24.34% |
|---|---|---|---|
| 2015 | 32.91M | 7.87M | 23.94% |
| 2016 | 34.91M | 8.51M | 24.38% |
| 2017 | 36.15M | 8.44M | 23.37% |
| 2018 | 38.07M | 7.07M | 18.58% |
| 2019 | 40.70M | 10.64M | 26.16% |
| 2020 | 47.60M | 12.80M | 26.9% |
| 2021 | 48.67M | 13.17M | 27.06% |
| 2022 | 48.41M | 12.61M | 26.06% |
| 2023 | 48.24M | 11.25M | 23.33% |
UNB Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 48.24M | 48.41M | 48.67M | 47.60M | 40.70M | 38.07M | 36.15M | 34.91M | 32.91M | 31.60M |
Cost of revenue | -18.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 67M | 48.41M | 48.67M | 47.60M | 40.70M | 38.07M | 36.15M | 34.91M | 32.91M | 31.60M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 659K | 617K | 530K | 544K | 555K | 456K | 469K | 507K | 456K | 305K |
Total operating expenses | 26.02M | 5.03M | -32.85M | -32.38M | -28.23M | -26.23M | -21.85M | -22.31M | -20.82M | -19.78M |
Operating income | 22.21M | 20.40M | 15.81M | 15.22M | 12.47M | 11.84M | 14.30M | 12.60M | 12.08M | 11.82M |
Other income (expenses), net | -9.34M | -5.15M | 15.81M | -6.97M | 12.47M | -3.58M | 0 | -2.06M | -1.25M | -800K |
Income before tax | 12.87M | 15.24M | 15.81M | 15.22M | 12.47M | 8.25M | 12.05M | 10.54M | 10.05M | 9.66M |
Income tax expense | 1.62M | 2.63M | 2.64M | 2.41M | 1.83M | 1.18M | 3.60M | 2.03M | 2.17M | 1.97M |
Net income | 11.25M | 12.61M | 13.17M | 12.80M | 10.64M | 7.07M | 8.44M | 8.51M | 7.87M | 7.69M |
Earnings per share | ||||||||||
Basic EPS | 2.5 | 2.81 | 2.94 | 2.86 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 |
Diluted EPS | 2.48 | 2.79 | 2.92 | 2.85 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 |
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