Union Bank, a wholly-owned subsidiary of Union Bankshares, Inc., has been helping people buy homes and local businesses create jobs in area communities since 1891. Headquartered in Morrisville, VT, Union Bank is a full service bank offering deposit, loan, trust and commercial banking services throughout northern Vermont and northwestern New Hampshire. Union Bank has earned an outstanding reputation for residential lending programs and is an SBA Preferred Lender. 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.
Company profile
Ticker
UNB
Exchange
Website
CEO
David Scott Silverman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
30283552
UNB stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
24 Mar 23
8-K
Results of Operations and Financial Condition
2 Feb 23
8-K
Results of Operations and Financial Condition
18 Jan 23
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Results of Operations and Financial Condition
3 Nov 22
8-K
Results of Operations and Financial Condition
19 Oct 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
8-K
Results of Operations and Financial Condition
4 Aug 22
S-8
Registration of securities for employees
22 Jul 22
8-K
Results of Operations and Financial Condition
20 Jul 22
Latest ownership filings
5
Stephen H Kendall
14 Feb 23
5
Dyke Cornelius John Van
14 Feb 23
5
Jonathan Jay Gould
14 Feb 23
5
Lura L Jacques
14 Feb 23
5
Patricia N Hogan
14 Feb 23
4
Jonathan Jay Gould
20 Dec 22
4
Stephen H Kendall
20 Dec 22
4
Vincent W Schoenig
20 Dec 22
4
Lura L Jacques
20 Dec 22
4
Patricia N Hogan
20 Dec 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 37.89 mm | 37.89 mm | 37.89 mm | 37.89 mm | 37.89 mm | 37.89 mm |
| Cash burn (monthly) | (no burn) | 2.34 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.64 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 31.24 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 13.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
0.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 25 |
| Opened positions | 2 |
| Closed positions | 3 |
| Increased positions | 8 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 11.47 mm |
| Total shares | 507.07 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 129.58 k | $2.93 mm |
| FMR | 62.92 k | $1.42 mm |
| Spears Abacus Advisors | 48.51 k | $1.10 mm |
| Geode Capital Management | 35.90 k | $811.00 k |
| Cardinal Capital Management | 34.32 k | $776.00 k |
| Trust Co Of Vermont | 29.33 k | $664.00 k |
| Dimensional Fund Advisors | 29.31 k | $663.00 k |
| Renaissance Technologies | 24.43 k | $553.00 k |
| NTRS Northern Trust | 22.03 k | $498.00 k |
| BK Bank Of New York Mellon | 19.25 k | $436.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Nov 22 | Hogan Patricia N | Common Stock | Other | Acquire J | No | No | 0 | 114.711 | 0.00 | 4,648.142 |
| 3 Nov 22 | Hogan Patricia N | Common Stock | Buy | Acquire P | No | No | 24.67 | 7.163 | 176.72 | 4,533.431 |
| 3 Nov 22 | Kendall Stephen H | Common Stock | Other | Acquire J | No | No | 0 | 105.672 | 0.00 | 4,531.073 |
| 3 Nov 22 | Van Dyke Cornelius John | Common Stock | Other | Acquire J | No | No | 0 | 25.799 | 0.00 | 3,102.972 |
| 3 Nov 22 | Lura L Jacques | Common Stock | Other | Acquire J | No | No | 0 | 6.515 | 0.00 | 690.191 |
| 3 Nov 22 | Gould Jonathan Jay | Common Stock | Other | Acquire J | No | No | 0 | 167.001 | 0.00 | 5,928.036 |
| 4 Aug 22 | Hogan Patricia N | Common Stock | Buy | Acquire P | No | No | 28.46 | 6.133 | 174.55 | 4,526.268 |
| 5 May 22 | Hogan Patricia N | Common Stock | Buy | Acquire P | No | No | 29.82 | 5.786 | 172.54 | 4,520.135 |
| 3 Feb 22 | Hogan Patricia N | Common Stock | Buy | Acquire P | No | No | 31.1 | 5.485 | 170.59 | 4,514.349 |
| 1 Feb 22 | Van Dyke Cornelius John | Common Stock | Buy | Acquire P | No | No | 31.26 | 25.001 | 781.53 | 3,077.173 |
News
Union Bankshares's Ex-Dividend Date Is Thursday, Here's What You Need To Know
23 Jan 23
Union Bankshares Declares A Cash Dividend Of $0.36 Per Share For The Quarter, An Increase Of 2.9% From The Cash Dividend Of $0.35 Paid In Recent Prior Quarters
18 Jan 23
Union Bankshares Q4 EPS $0.77 Up From $0.76 YoY
18 Jan 23