UNB (Union Bankshares) Retained Earnings : $90.35 Mil (As of Sep. 2024)

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What is Union Bankshares Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Union Bankshares's retained earnings for the quarter that ended in Sep. 2024 was $90.35 Mil.

Union Bankshares's quarterly retained earnings increased from Mar. 2024 ($90.26 Mil) to Jun. 2024 ($90.65 Mil) but then declined from Jun. 2024 ($90.65 Mil) to Sep. 2024 ($90.35 Mil).

Union Bankshares's annual retained earnings increased from Dec. 2021 ($78.35 Mil) to Dec. 2022 ($84.67 Mil) and increased from Dec. 2022 ($84.67 Mil) to Dec. 2023 ($89.47 Mil).

Union Bankshares Retained Earnings Historical Data

The historical data trend for Union Bankshares's Retained Earnings can be seen below:

* 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.

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Union Bankshares Retained Earnings Chart

Union Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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64.02

71.10

78.35

84.67

89.47

Union Bankshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															88.05	89.47	90.26	90.65	90.35

Union Bankshares Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Union Bankshares (NAS:UNB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Union Bankshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bankshares Inc (NAS:UNB) » Definitions » Retained Earnings

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Address

20 Lower Main Street, P.O. Box 667, Morrisville, VT, USA, 05661-0667

Website

https://www.ublocal.com

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 United States.

Executives

Mary K Parent	director	144 PLEASANT STREET, SAINT JOHNSBURY VT 05819
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
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
Lura L Jacques	other: Officer of Union Bank	1360 PIDGEON HILL ROAD, FRANKLIN VT 05457
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
Joel S Bourassa	director	PO BOX 568, NORTH WOODSTOCK NH 032620568