Union Bankshares (NASDAQ:UNB) Full Year 2024 Results

Key Financial Results

• Revenue: US$47.2m (down 2.3% from FY 2023).
• Net income: US$8.76m (down 22% from FY 2023).
• Profit margin: 19% (down from 23% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.94 (down from US$2.50 in FY 2023).

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UNB Banking Performance Indicators

• Net interest margin (NIM): 2.77% (down from 2.88% in FY 2023).
• Cost-to-income ratio: 77.6% (up from 72.8% in FY 2023).
• Non-performing loans: 0.16% (down from 0.20% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Union Bankshares shares are up 5.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Union Bankshares that you should be aware of.

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