Union Bankshares has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Union Bankshares Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Union Bankshares's interest coverage with the available data.
Union Bankshares's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.89.
Altman Z-Score does not apply to banks and insurance companies.
Union Bankshares Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Union Bankshares's Interest Expense for the
months ended in Dec. 2023 was $-6.31 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $81.94 Mil.
Union Bankshares's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Union Bankshares's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Union Bankshares (Union Bankshares) Business Description
Traded in Other Exchanges
N/A
Address
20 Lower Main Street, P.O. Box 667, Morrisville, VT, USA, 05661-0667
Union Bankshares Inc operates as a community bank in the financial services industry. It offers retail and commercial banking services to its customers through its branches, ATMs, telebanking, and internet banking systems. The company provides retail banking services to individuals and commercial banking services to small and medium-sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts within its market area. In addition, it also offers fiduciary and asset management services through its Asset Management Group. Geographically, all the business activity is functioned through the US.
Executives
| Patricia N Hogan |
other: Officer of Union Bank |
11 OLD ROUTE 15, CAMBRIDGE VT 05444 |
| Dawn D Bugbee |
director |
313 WEST SHORE ROAD, SOUTH HERO VT 05486 |
| David Scott Silverman |
director, officer: President & CEO |
153 LAZY LANE, MORRISVILLE VT 05661 |
| Mary K Parent |
director |
144 PLEASANT STREET, SAINT JOHNSBURY VT 05819 |
| Nancy C Putnam |
director |
413 JEFF HEIGHTS ROAD, JEFFERSONVILLE VT 05464 |
| Van Dyke Cornelius John |
director |
P.O. BOX 1090, STOWE VT 05672-1090 |
| Vincent W Schoenig |
other: Officer of Union Bank |
75 FENIMORE STREET 2, MORRISVILLE VT 05661 |
| Janet P Spitler |
other: Director of Union Bank |
275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403 |
| Gregory D Sargent |
director |
15 CEDAR HILL DRIVE, ST. ALBANS VT 05478 |
| Stephen H Kendall |
other: Officer of Union Bank |
254 BIRCH ROAD, SHELBURNE VT 05482 |
| Jonathan Jay Gould |
other: Officer of Union Bank |
18 HUNT ROAD, BRISTOL NH 03222 |
| Robert D Hofmann |
other: Officer of Union Bank |
223 SNOW HILL ROAD, WATERBURY CENTER VT 05677 |
| Carrie R Locklin |
other: Officer of Union Bank |
388 WEST HILL ROAD, ST. JOHNSBURY VT 05819 |
| Lura L Jacques |
other: Officer of Union Bank |
1360 PIDGEON HILL ROAD, FRANKLIN VT 05457 |
| Joel S Bourassa |
director |
PO BOX 568, NORTH WOODSTOCK NH 032620568 |
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