--- title: "Union Bankshares | 10-K: FY2025 Revenue: USD 87.25 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/279975000.md" datetime: "2026-03-20T17:01:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279975000.md) - [en](https://longbridge.com/en/news/279975000.md) - [zh-HK](https://longbridge.com/zh-HK/news/279975000.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279975000.md) | [English](https://longbridge.com/en/news/279975000.md) # Union Bankshares | 10-K: FY2025 Revenue: USD 87.25 M Revenue: As of FY2025, the actual value is USD 87.25 M. EPS: As of FY2025, the actual value is USD 2.41. EBIT: As of FY2025, the actual value is USD -31.01 M. 联合银行 (Union Bankshares, Inc.) operates as a single definable business segment, Union Bank, providing various banking and wealth management services across its network and digital platforms in northern Vermont and New Hampshire . #### Operational Metrics - **Net Income**: Increased to $11.1 million in 2025 from $8.8 million in 2024 . - **Return on Average Assets**: Increased to 0.71% in 2025 from 0.60% in 2024 . - **Return on Average Equity**: Rose to 15.29% in 2025 from 13.38% in 2024 . - **Efficiency Ratio**: Improved to 75.14% in 2025 from 77.62% in 2024 . - **Loan to Deposit Ratio**: Decreased to 97.03% in 2025 from 99.32% in 2024 . - **Dividend Payout Ratio**: Decreased to 59.26% in 2025 from 74.23% in 2024 . #### Segment Revenue (Net Interest Income) and Related Metrics - **Net Interest Income (tax equivalent)**: Increased to $44.0 million in 2025 from $39.3 million in 2024 . - **Net Interest Margin**: Improved to 2.93% in 2025 from 2.77% in 2024 . - **Net Interest Spread**: Increased to 2.47% in 2025 from 2.30% in 2024 . - **Interest and Dividend Income**: Totaled $75.788 million in 2025, up from $67.954 million in 2024 . - Interest and fees on loans: $66.340 million in 2025 ($59.313 million in 2024) . - Interest on debt securities (Taxable): $5.983 million in 2025 ($4.587 million in 2024) . - Interest on debt securities (Tax exempt): $1.552 million in 2025 ($1.901 million in 2024) . - Dividends: $831 thousand in 2025 ($541 thousand in 2024) . - **Interest Expense**: Totaled $32.768 million in 2025, up from $29.590 million in 2024 . - Interest on deposits: $21.412 million in 2025 ($20.574 million in 2024) . - Interest on short-term borrowed funds: $459 thousand in 2025 ($1.275 million in 2024) . - Interest on long-term borrowed funds: $10.327 million in 2025 ($7.171 million in 2024) . - Interest on subordinated notes: $570 thousand for both 2025 and 2024 . #### Noninterest Income - **Total Noninterest Income**: Increased to $11.462 million in 2025 from $9.723 million in 2024 . - Wealth management income: $1.187 million in 2025 ($1.067 million in 2024) . - Service fees: $6.939 million in 2025 ($7.040 million in 2024) . - Net gains on sales of loans held for sale: $2.148 million in 2025 ($1.697 million in 2024) . - Income from Company-owned life insurance: $696 thousand in 2025 ($716 thousand in 2024) . - Income from MSRs, net: $128 thousand in 2025 ($0 in 2024) . - Net losses on sales of investment securities AFS: $0 in 2025 ($-1.293 million in 2024) . #### Operating Costs (Noninterest Expenses) - **Total Noninterest Expenses**: Increased to $41.700 million in 2025 from $38.027 million in 2024 . - Salaries and wages: $17.452 million in 2025 ($15.678 million in 2024) . - Employee benefits: $6.479 million in 2025 ($5.716 million in 2024) . - Occupancy expense, net: $2.335 million in 2025 ($2.194 million in 2024) . - Equipment expense: $4.381 million in 2025 ($3.992 million in 2024) . - FDIC insurance assessment: $1.477 million in 2025 ($1.167 million in 2024) . - Electronic banking expense: $640 thousand in 2025 ($504 thousand in 2024) . - Wealth management expenses: $544 thousand in 2025 ($491 thousand in 2024) . - Professional fees: $1.147 million in 2025 ($1.062 million in 2024) . - Advertising and public relations: $860 thousand in 2025 ($704 thousand in 2024) . #### Cash Flow - **Net cash provided by operating activities**: Increased to $17.225 million in 2025 from $12.151 million in 2024 . #### Loan Portfolio (Gross Loans, including loans held for sale) - **Total Loans**: $1.1789 billion at December 31, 2025 ($1.1609 billion at December 31, 2024) . - Residential real estate (Non-revolving): $445.199 million in 2025 ($445.425 million in 2024) . - Residential real estate (Revolving): $29.075 million in 2025 ($21.884 million in 2024) . - Commercial construction real estate: $51.347 million in 2025 ($54.985 million in 2024) . - Residential construction real estate: $52.478 million in 2025 ($51.202 million in 2024) . - Non-residential commercial real estate: $345.900 million in 2025 ($330.010 million in 2024) . - Multi-family residential real estate: $99.269 million in 2025 ($104.328 million in 2024) . - Commercial: $31.159 million in 2025 ($35.175 million in 2024) . - Consumer: $2.414 million in 2025 ($2.523 million in 2024) . - Municipal: $117.893 million in 2025 ($110.204 million in 2024) . - Loans held for sale: $4.172 million in 2025 ($5.204 million in 2024) . #### Asset Quality - **Nonperforming Loans**: Increased to $13.803 million at December 31, 2025, from $1.893 million at December 31, 2024, primarily due to a commercial real estate loan . - Nonaccrual loans: $13.562 million in 2025 ($1.652 million in 2024) . - Loans past due 90 days or more and still accruing interest: $241 thousand for both 2025 and 2024 . - **Nonperforming Assets to Total Assets**: Increased to 0.85% in 2025 from 0.12% in 2024 . - **Allowance for Credit Losses (ACL) on Loans**: Increased to $8.407 million at December 31, 2025, from $7.680 million at December 31, 2024 . - ACL on loans to total loans outstanding: 0.71% in 2025 (0.66% in 2024) . - ACL on loans to nonperforming loans: 60.91% in 2025 (405.71% in 2024) . - **Net Charge-offs (recoveries)**: Net charge-offs were $28 thousand in 2025, compared to net recoveries of $-22 thousand in 2024 . - **ACL on Off-Balance Sheet Credit Exposures**: Totaled $1.090 million at December 31, 2025 ($1.071 million at December 31, 2024) . #### Investment Securities Available-for-Sale (AFS) - **Total AFS Investment Securities (Fair Value)**: Increased to $326.255 million at December 31, 2025, from $250.504 million at December 31, 2024 . - **Net Unrealized Losses**: Decreased to $-33.1 million at December 31, 2025, from $-43.6 million at December 31, 2024 . #### Deposits - **Total Deposits**: Increased to $1.2149 billion at December 31, 2025, from $1.1688 billion at December 31, 2024 . - Noninterest bearing deposits: $226.939 million in 2025 ($226.048 million in 2024) . - Interest bearing deposits: $725.996 million in 2025 ($714.862 million in 2024) . - Time deposits: $262.047 million in 2025 ($227.984 million in 2024) . - **Estimated Uninsured Deposits**: Totaled $437.6 million, or 36.0% of total deposits, at December 31, 2025 . #### Borrowings - **Borrowed Funds**: Increased to $286.481 million at December 31, 2025, from $259.696 million at December 31, 2024, primarily FHLB advances . - **Subordinated Notes**: $16.307 million at December 31, 2025 ($16.273 million at December 31, 2024) . #### Capital Resources - **Total Stockholders’ Equity**: Increased to $80.864 million at December 31, 2025, from $66.480 million at December 31, 2024 . - **Total Capital to Risk Weighted Assets**: Increased to 12.8% at December 31, 2025, from 12.5% at December 31, 2024 . - **Tier I Capital to Risk Weighted Assets**: Increased to 10.3% at December 31, 2025, from 10.0% at December 31, 2024 . - **Tier I Capital to Average Assets**: Increased to 6.4% at December 31, 2025, from 6.3% at December 31, 2024 . #### Outlook / Guidance Management anticipates some relief in the cost of funds for 2026 due to a cumulative 75 basis point decrease in the Federal Funds target range during 2025 . This expected decline in customer deposit interest rates in 2026 is projected to positively impact net interest income . However, market rates remain beyond the company’s control . ### 相關股票 - [Union Bankshares (UNB.US)](https://longbridge.com/zh-HK/quote/UNB.US.md) ## 相關資訊與研究 - [SunPower files to delay 10-K, expects significant upside changes in FY 2025 results](https://longbridge.com/zh-HK/news/281182236.md) - [12 tons of KitKats vanished in a European highway heist](https://longbridge.com/zh-HK/news/280951958.md) - [Cloudbreak Pharma's 2025 Loss Narrows](https://longbridge.com/zh-HK/news/281317115.md) - [Sri Lotus Developers Grants 1.2 Million ESOPs Under 2024 Scheme](https://longbridge.com/zh-HK/news/281348606.md) - [UniCredit - as of YE25 group MREL equal to 30.6% of RWA, 10% of LRE](https://longbridge.com/zh-HK/news/281399909.md)