Union Bankshares, Inc. (UNB)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
UNB Chart
Union Bankshares: Small, But Steady
Union Bankshares, Inc. reported a strong Q1 2026, with net income rising to $3.0 million ($0.65/share), driven by robust net interest income. Loan growth was modest at 1.3% year-over-year, while deposits edged up, reflecting a stable but unspectacular regional economy. Asset quality remains a standout, with a $325,000 credit loss benefit and allowance for credit losses dipping to $8.07 million.
Union Bankshares: I Trust The 5.8% Dividend Yield
Union Bankshares demonstrates robust loan quality, with minimal loans past due and a conservative loan loss provision strategy. UNB reported a Q4 net profit of $2.7M, down 10% YoY, mainly due to increased non-interest expenses, particularly salaries and benefits. The bank's loan book is heavily weighted toward residential and commercial real estate, with strong collateralization supporting low credit risk.
Union Bankshares: Do Not Be Drawn To The High Dividend Yield
Union Bankshares operates in Vermont and New Hampshire with limited growth prospects and faces subpar financial metrics compared to peers. The bank's loan portfolio is heavily concentrated in residential and commercial real estate, exposing it to regional economic risks. Despite a high 5.41% dividend yield, Union Bankshares has not increased its payout since early 2023, signaling limited financial flexibility.
Union Bankshares, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MJ Michelle Johnston 1620 INVESTMENT ADVISORS Inc. | 120 | $2,577.6 | $2,790 | $212.4 | 8.24% |
 Alexandra Stickelman Root Financial Partners, LLC | 3 | $73 | $69.87 | -$3.13 | -4.29% |
 Christopher C. Powers Farther Finance Advisors, LLC | 62 | $1,533.45 | $1,443.98 | -$89.47 | -5.83% |
| MS Mark Schafer Police & Firemen's Retirement System of New Jersey | 1,202 | $29,762 | $27,994.58 | -$1,767.42 | -5.94% |
 Portus Wealth Advisors LLC Portus Wealth Advisors LLC | 116 | $2,829 | $2,712.08 | -$116.92 | -4.13% |
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Union Bankshares, Inc. Profile
| Banks Industry | Financials Sector | David Scott Silverman CEO | NASDAQ (NMS) Exchange | 905400107 CUSIP |
| US Country | 191 Employees | 27 Apr 2026 Last Dividend | 11 Aug 2003 Last Split | 11 Jun 1998 IPO Date |
Overview
Union Bankshares, Inc. is recognized as a prominent bank holding company for Union Bank, functioning primarily within northern Vermont and New Hampshire. Since its establishment in 1891, with its headquarters in Morrisville, Vermont, the company has committed itself to serving both individuals and businesses. Its operations encompass a wide range of banking products and services tailored to meet the financial needs of retail, commercial, and municipal customers. Through its strategic focus, Union Bankshares, Inc. ensures the provision of personalized and efficient banking solutions, aiding in the financial growth and stability of its clientele.
Products and Services
Union Bankshares, Inc. offers a comprehensive suite of banking products and services, catering to a diverse customer base. These include:
- Retail Depository Services: This category features personal banking solutions such as checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, in addition to certificates of deposit. These services are designed to meet the savings and transactional needs of individual customers, providing them with secure and accessible options for managing their personal finances.
- Commercial Real Estate Loans: Targeted towards business owners and investors, these loans are utilized for purchasing, refinancing, or renovating commercial properties. They offer a source of financing aimed at supporting the expansion and improvement of commercial real estate ventures.
- Commercial Loans: These loans cater to a variety of business purposes, including the acquisition of plant and equipment, working capital needs, real estate renovation, etc. Union Bankshares, Inc. structures these loans to help businesses achieve their operational and growth objectives.
- Small Business Administration (SBA) Guaranteed Loans: To support small businesses, the company provides loans backed by the SBA. These loans are designed to assist in the establishment, maintenance, and expansion of small businesses, offering them a lifeline towards achieving their business goals.
- Residential Construction and Mortgage Loans: These loans facilitate the construction of new homes or the purchase of existing residential properties, providing individuals and families with the financial means to realize their dream of homeownership.
- Online Banking and Cash Management Services: To accommodate the digital needs of its clients, Union Bankshares, Inc. offers online banking services, including account reconciliation, credit card depository services, automated clearing house origination, wire transfers, and night depository services. These digital offerings ensure convenient and efficient management of finances for both individual and business clients.
- Merchant Credit Card Services: This service enables businesses to process credit card payments efficiently, ensuring timely crediting of sales drafts into their accounts.
- Remote Deposit Capture: This service offers a convenient way for business clients to deposit checks remotely, saving time and enhancing the efficiency of their banking transactions.
- Asset Management, Fiduciary, and Trust Services: Through these services, Union Bankshares, Inc. provides comprehensive asset management solutions, including fiduciary and trust services, catering to the investment and estate planning needs of its clients.
With a network of 18 banking offices, 3 loan centers, and numerous ATMs, along with online and mobile banking platforms, Union Bankshares, Inc. ensures convenient access to banking services for its clients across northern Vermont and New Hampshire. It remains committed to enhancing the financial well-being of individuals, small and medium-sized corporations, partnerships, sole proprietorships, nonprofit organizations, local municipalities, and school districts through its diverse range of products and services.
