UNION BANKSHARES INC (UNB)
Union Bankshares, Inc., established in 1891 and based in Morrisville, Vermont, serves as the holding company for Union Bank. This institution provides a comprehensive suite of retail, commercial, and municipal banking services across northern Vermont and New Hampshire. For individuals, offerings include various deposit accounts like checking, savings, money market, and specialized retirement/health savings accounts, in addition to certificates of deposit. Lending products encompass residential construction, mortgage, and home improvement loans. Business clients can access commercial real estate loans, financing for plant and equipment, working capital, and real estate renovation, alongside Small Business Administration (SBA) guaranteed loans. The company further delivers sophisticated cash management tools, merchant credit card processing, remote deposit capture, and business checking accounts, complemented by standby letters of credit. Additional services include asset management, fiduciary, and trust provisions. Customers manage their finances through a network of 18 banking offices, 3 loan centers, and numerous ATMs, supported by extensive telephone, internet, and mobile banking capabilities, debit cards, and online mortgage application services.
Sector: State Commercial Banks
Industry: Banks - Regional
Union Bankshares, Inc.
NASDAQ:UNBFinancial Services · Banks - Regional
+0.94%$23.04
Mkt Cap$113.93M
Float4M
O/S4.95M
Inst Own16.1%
Div Yield4.69%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$87.3M
Net Income$11.1M
Total Assets$1.62B
Free Cash Flow$15.97M
Debt & Equity
Debt 79%
Equity 21%
Total Debt$302.79M
Total Equity$80.86M
Shares Outstanding
Short Interest
Split History1 split
- 1.5:1Forward splitAug 11, 20031 share → 1.5
Balance Sheet Details
Assets$1.62B
Liabilities$1.54B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$19.85M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 |
| Revenue | $87.3M | $77.94M | $67.28M | $53.07M | $52.24M | $52.75M | $46.33M | $41.65M | $38.41M | $36.41M | $34.45M | $32.96M | $32.4M | $35.12M | $29.49M | $28.5M | $33.61M | $28.09M | $30.3M | $29.25M | $26.31M | $23.95M | $23.98M | $25.73M | $27.2M | $26.7M | $12.05M | $12.56M |
| YoY Growth | 12.0% | 15.9% | 26.8% | 1.6% | -1.0% | 13.9% | 11.2% | 8.4% | 5.5% | 5.7% | 4.5% | 1.7% | -7.8% | 19.1% | 3.5% | -15.2% | 19.7% | -7.3% | 3.6% | 11.2% | 9.8% | -0.1% | -6.8% | -5.4% | 1.9% | 121.6% | -4.1% | - |
| Cost of Revenue | $33.57M | $30.52M | $18.77M | $4.52M | $3.56M | $7.35M | $6.38M | $4.03M | $2.46M | $2.21M | $2.58M | $2.5M | $2.76M | $4.01M | $4.68M | $4.64M | $5.69M | $7.51M | $8.49M | $7M | $4.56M | $3.34M | $4.32M | $6.72M | $9.88M | $10.13M | $9.48M | $9.65M |
| Gross Profit | $53.73M | $47.42M | $48.51M | $48.55M | $48.67M | $45.41M | $39.95M | $37.62M | $35.96M | $34.2M | $31.88M | $30.46M | $29.63M | $31.11M | $24.81M | $23.86M | $27.91M | $20.57M | $21.81M | $22.25M | $0 | $0 | $19.65M | $19.01M | $17.31M | $16.57M | $2.57M | $2.91M |
| Gross Margin | 61.5% | 60.8% | 72.1% | 91.5% | 93.2% | 86.1% | 86.2% | 90.3% | 93.6% | 93.9% | 92.5% | 92.4% | 91.5% | 88.6% | 84.1% | 83.7% | 83.1% | 73.3% | 72.0% | 76.1% | - | - | 82.0% | 73.9% | 63.7% | 62.1% | 21.3% | 23.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $30.65M | $26.25M | $23.99M | $23.19M | $22.55M | $20.77M | $18.74M | $21.4M | $16.36M | $15.85M | $14.79M | $13.54M | $13.59M | $14.62M | $12.54M | $10.72M | $10.37M | $10.13M | $9.7M | $9.41M | $0 | $0 | $7.22M | $6.77M | $6.2M | $5.62M | $5.33M | $5.17M |
| Other | $11.05M | $12.04M | $11.64M | $10.11M | $10.3M | $9.41M | $8.73M | $7.88M | $7.54M | $7.8M | $7.03M | $7.26M | $7.04M | $7.98M | $5.93M | $5.85M | $10.89M | $4.32M | $4.49M | $4.4M | $0 | -$3.01M | $4.84M | $4.99M | $4.29M | $4.33M | -$8.64M | -$8.86M |
| Total Operating Expenses | $41.7M | $38.29M | $35.63M | $33.3M | $32.85M | $30.18M | $27.47M | $29.28M | $23.91M | $23.66M | $21.82M | $20.79M | $20.64M | $22.6M | $18.47M | $16.57M | $21.27M | $14.45M | $14.19M | $13.81M | $0 | $3.01M | $12.06M | $11.76M | $10.5M | $9.94M | -$3.32M | -$3.7M |
| Operating Income (EBIT) | $12.03M | $9.13M | $12.88M | $15.25M | $15.82M | $15.22M | $12.48M | $8.35M | $12.05M | $11.11M | $10.54M | $9.67M | $9M | $8.51M | $6.34M | $7.29M | $6.65M | $6.13M | $7.62M | $8.44M | $8.7M | $8.29M | $7.59M | $7.25M | $6.82M | $6.62M | $5.89M | $6.61M |
| Operating Margin | 13.8% | 11.7% | 19.1% | 28.7% | 30.3% | 28.9% | 26.9% | 20.0% | 31.4% | 30.5% | 30.6% | 29.3% | 27.8% | 24.2% | 21.5% | 25.6% | 19.8% | 21.8% | 25.1% | 28.8% | 33.1% | 34.6% | 31.7% | 28.2% | 25.1% | 24.8% | 48.9% | 52.6% |
| Interest Expense | $32.8M | $29.59M | $19.27M | $4.52M | $3.56M | $5.15M | $5.62M | $3.58M | $2.25M | $2.06M | $2.02M | $2.15M | $2.46M | $3.35M | $3.91M | $4.12M | $5.29M | $7.18M | $8.23M | $6.82M | $4.5M | $3.31M | $4.21M | $6.36M | $9.56M | $9.88M | $9.12M | $9.25M |
| Interest Income | $75.8M | $67.41M | $56.85M | $43.95M | $39.27M | $36.75M | $36M | $32.18M | $29.02M | $26.84M | $25.14M | $24.85M | $24.48M | $25.03M | $23.65M | $22.9M | $23.21M | $24.66M | $26.27M | $25.2M | $22.25M | $20.17M | $20.37M | $22.17M | $24.12M | $24.13M | $22.86M | $22.63M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $12.03M | $9.13M | $12.88M | $15.25M | $15.82M | $15.22M | $12.48M | $8.35M | $12.05M | $11.11M | $10.54M | $9.67M | $9M | $8.51M | $6.34M | $7.29M | $6.65M | $6.13M | $7.62M | $8.44M | $8.7M | $8.29M | $7.59M | $7.25M | $6.82M | $6.62M | $5.89M | $6.61M |
| Income Tax Expense | $928K | $369K | $1.62M | $2.63M | $2.65M | $2.42M | $1.83M | $1.27M | $3.6M | $2.6M | $2.66M | $1.97M | $1.86M | $1.66M | $1.12M | $1.7M | $1.42M | $1.02M | $1.97M | $2.18M | $2.46M | $2.46M | $2.21M | $2.07M | $1.98M | $1.83M | $1.82M | $2.05M |
| Net Income | $11.1M | $8.76M | $11.26M | $12.62M | $13.17M | $12.8M | $10.65M | $7.07M | $8.45M | $8.51M | $7.88M | $7.69M | $7.13M | $6.84M | $5.22M | $5.59M | $5.23M | $5.11M | $5.66M | $6.26M | $6.24M | $5.84M | $5.39M | $5.18M | $4.83M | $4.8M | $4.08M | $4.55M |
| Net Income Margin | 12.7% | 11.2% | 16.7% | 23.8% | 25.2% | 24.3% | 23.0% | 17.0% | 22.0% | 23.4% | 22.9% | 23.3% | 22.0% | 19.5% | 17.7% | 19.6% | 15.6% | 18.2% | 18.7% | 21.4% | 23.7% | 24.4% | 22.5% | 20.1% | 17.8% | 18.0% | 33.8% | 36.2% |
| Supplementary Data | ||||||||||||||||||||||||||||
| EPS | 2.43 | 1.94 | 2.50 | 2.81 | 2.94 | 2.86 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 | 1.60 | 1.54 | 1.17 | 1.25 | 1.17 | 1.14 | 1.25 | 1.38 | 1.37 | 1.28 | 1.18 | 0.76 | 1.06 | 1.05 | 0.90 | 1.01 |
| Diluted EPS | 2.43 | 1.92 | 2.48 | 2.79 | 2.92 | 2.85 | 2.38 | 1.58 | 1.89 | 1.91 | 1.77 | 1.73 | 1.60 | 1.54 | 1.17 | 1.25 | 1.17 | 1.14 | 1.25 | 1.38 | 1.37 | 1.28 | 1.18 | 0.76 | 1.06 | 1.05 | 0.90 | 1.01 |
| Weighted Average OS | 4.57M | 4.52M | 4.50M | 4.50M | 4.48M | 4.47M | 4.47M | 4.47M | 4.46M | 4.46M | 4.45M | 4.45M | 4.46M | 4.44M | 4.46M | 4.46M | 4.47M | 4.49M | 4.52M | 4.53M | 4.55M | 4.56M | 4.57M | 4.54M | 4.56M | 4.56M | 4.53M | 4.52M |
| EBITDA | $13.66M | $10.72M | $14.52M | $17.05M | $17.71M | $17.29M | $14.22M | $9.73M | $13.45M | $12.54M | $11.79M | $10.81M | $10.07M | $9.56M | $7.13M | $7.95M | $7.36M | $6.91M | $8.39M | $9.28M | $9.61M | $9.19M | $8.51M | $8.11M | $7.51M | $7.46M | $6.88M | $7.4M |
| EBITDA Margin | 15.6% | 13.8% | 21.6% | 32.1% | 33.9% | 32.8% | 30.7% | 23.4% | 35.0% | 34.4% | 34.2% | 32.8% | 31.1% | 27.2% | 24.2% | 27.9% | 21.9% | 24.6% | 27.7% | 31.7% | 36.5% | 38.4% | 35.5% | 31.5% | 27.6% | 28.0% | 57.1% | 58.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 |
| Assets | ||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $4.66M | $14.63M | $19.12M | $20.93M | $17.86M | $18.11M | $11.97M | $13.35M | $13.21M | $13.78M | $16.97M | $17.07M | $22.84M | $26.95M | $29.89M | $19.49M | $27.92M | $19.58M | $24.68M | $17.11M | $22.62M | $24.44M | $30.24M | $21.36M | $18.63M | $12.07M | $15.1M | $19.2M |
| Short-Term Investments | $7.64M | $174.29M | $264.38M | $250.27M | $267.82M | $105.76M | $87.39M | $73.41M | $65.44M | $65.56M | $54.11M | $45.75M | $34.28M | $20.63M | $42.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $12.3M | $188.92M | $283.5M | $271.2M | $285.67M | $123.88M | $99.36M | $86.75M | $78.65M | $79.33M | $71.08M | $62.82M | $57.12M | $47.58M | $72.84M | $19.49M | $27.92M | $19.58M | $24.68M | $17.11M | $22.62M | $24.44M | $30.24M | $21.36M | $18.63M | $12.07M | $15.1M | $19.2M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.81M | $2.5M | $2.26M | $1.83M | $1.85M | $1.66M | $1.54M | $1.81M | $1.56M | $1.63M | $1.94M | $2.08M | $2M | $1.97M | $1.53M | $1.65M | $1.89M | $2.04M | $2.6M | $2.2M | $2.11M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $12.3M | $188.92M | $283.5M | $271.2M | $285.67M | $123.88M | $99.36M | $89.56M | $81.15M | $81.59M | $72.91M | $64.68M | $58.78M | $49.11M | $74.66M | $21.05M | $31.35M | $21.52M | $26.76M | $19.11M | $24.59M | $25.97M | $31.89M | $23.25M | $20.66M | $14.67M | $17.3M | $21.3M |
| Long-Term Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $19.85M | $20.23M | $23.22M | $20.48M | $21.61M | $20.04M | $20.92M | $16.07M | $14.26M | $13.53M | $13.05M | $11.85M | $10.68M | $10.29M | $9.16M | $7.84M | $7.61M | $7.46M | $6.46M | $6.08M | $5.9M | $5.12M | $4.45M | $4.61M | $4.16M | $3.96M | $4.07M | $5.1M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $1.7M | $1.7M | $2M | $2.5M | $0 | $0 | $412K | $583K | $754K | $925K | $1.1M | $1.27M | $1.44M | $1.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.51B | $1.23B | $1.03B | $953.6M | $794.38M | $795.99M | $673.3M | $645.16M | $594.12M | $540.28M | $509.05M | $496.42M | $474.81M | $459.95M | $433.63M | $404.94M | $379.32M | $377.59M | $348.64M | $337.79M | $336.41M | $317.97M | $312.9M | $298.82M | $297.75M | $278.57M | $266.92M | $258.21M |
| Deferred Tax Assets | $0 | $0 | $11.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $75.23M | $84.12M | $121.23M | $89.22M | $101.2M | $151.43M | $77.11M | $52.32M | $53.51M | $53.01M | $30.72M | $47.79M | $37.69M | $54.25M | $31.47M | $19.16M | $29.23M | $33.53M | $11.5M | $18.17M | $7.85M | $10.47M | $7.41M | $16.8M | $14.9M | $6.26M | $7.18M | $5.52M |
| Total Long-Term Assets | $1.6B | $1.34B | $1.19B | $1.07B | $919.7M | $969.68M | $773.55M | $715.77M | $664.68M | $609.79M | $555.97M | $559.39M | $526.66M | $528.14M | $478.1M | $431.95M | $416.17M | $418.58M | $366.6M | $362.04M | $350.16M | $333.56M | $324.76M | $320.24M | $316.81M | $288.8M | $278.17M | $268.83M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.62B | $1.53B | $1.47B | $1.34B | $1.21B | $1.09B | $872.91M | $805.34M | $745.75M | $691.47M | $628.88M | $623.85M | $584.92M | $577.26M | $552.75M | $454.08M | $447.52M | $440.1M | $393.36M | $381.15M | $374.75M | $359.53M | $356.65M | $343.49M | $337.48M | $303.39M | $295.48M | $290.13M |
| Liabilities | ||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $13.15M | $9.78M | $11.22M | $9.88M | $6.25M | $8.02M | $5.85M | $5.34M | $5.45M | $4.05M | $6.47M | $4.28M | $0 | $0 | $0 | $5.75M | $3.49M | $3.49M | $2.59M | $3.06M | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.1M | $1.62M | $1.88M | $1.39M | $3.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.24M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $9.7M | $5.88M | $6.41M | $5.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $226.94M | $1.17B | $1.31B | $1.2B | $1.09B | $994.3M | $734.33M | $706.77M | $647.57M | $597.66M | $560.41M | $552.06M | $518.35M | $509.99M | $473.44M | $376.66M | $368.83M | $364.37M | $323.96M | $319.82M | $313.3M | $306.6M | $305.38M | $293M | $285.72M | $258.74M | $257.59M | $248.92M |
| Total Current Liabilities | $226.94M | $1.17B | $1.31B | $1.22B | $1.1B | $1.01B | $753.9M | $713.02M | $655.59M | $604.61M | $567.37M | $559.39M | $523.8M | $520.45M | $482M | $379.83M | $372.3M | $368.31M | $329.71M | $323.31M | $316.79M | $309.19M | $309.68M | $293M | $285.72M | $258.74M | $260.38M | $248.92M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | $302.79M | $275.97M | $81.94M | $66.2M | $16.17M | $7.16M | $47.16M | $27.82M | $31.58M | $31.59M | $9.56M | $15.12M | $13.22M | $15.75M | $29.02M | $28.99M | $30.99M | $27.42M | $20.33M | $14.6M | $16.26M | $7.93M | $5.98M | $7.54M | $10.34M | $6.38M | $2.87M | $6.08M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.01B | $17.02M | $15.53M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.1M | -$1.62M | -$1.88M | -$1.39M | -$3.99M | $1.4M | $2.45M | $3.05M | $5.23M | $1.25M | $1.32M | $95K | $0 | $0 | $3.78M | $4.19M | $3.12M | $0 | $3.37M |
| Total Long-Term Liabilities | $1.31B | $292.98M | $97.47M | $66.2M | $16.17M | $7.16M | $47.16M | $27.82M | $31.58M | $30.5M | $7.94M | $13.24M | $11.83M | $11.76M | $30.41M | $31.44M | $34.04M | $32.65M | $21.58M | $15.91M | $16.26M | $7.93M | $5.98M | $11.32M | $14.54M | $9.5M | $2.87M | $9.45M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.54B | $1.46B | $1.41B | $1.28B | $1.12B | $1.01B | $801.07M | $740.85M | $686.92M | $635.37M | $575.31M | $571.87M | $538.12M | $532.21M | $512.41M | $411.27M | $406.34M | $400.95M | $351.29M | $339.23M | $333.14M | $317.13M | $315.66M | $304.32M | $300.26M | $268.24M | $263.26M | $258.37M |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $10.17M | $10.02M | $9.99M | $9.96M | $9.93M | $9.91M | $9.9M | $9.89M | $9.88M | $9.87M | $9.86M | $9.86M | $9.86M | $9.85M | $9.85M | $9.84M | $9.84M | $9.84M | $9.84M | $9.84M | $9.84M | $9.83M | $9.82M | $6.54M | $6.54M | $6.53M | $6.53M | $6.52M |
| Retained Earnings | $96.25M | $91.72M | $89.47M | $84.67M | $78.35M | $71.1M | $64.02M | $58.91M | $57.2M | $53.09M | $49.52M | $46.46M | $43.41M | $40.77M | $38.38M | $37.62M | $36.49M | $35.87M | $35.79M | $35.2M | $33.76M | $33.81M | $32.07M | $33.36M | $31.63M | $30.01M | $28.18M | $26.03M |
| Comprehensive Income & Other | -$25.88M | -$34M | -$31.95M | -$37.42M | -$1.55M | $2.64M | $986K | -$1.02M | -$5.1M | -$3.28M | -$2.3M | -$1.38M | $77K | -$2.01M | -$4.35M | -$2.16M | -$1.65M | -$3.27M | -$824K | -$1M | -$98K | $377K | $761K | $674K | $494K | -$28K | -$1.13M | $595K |
| Other Stockholders' Equity | -$25.55M | -$35.27M | -$33.66M | -$39.41M | -$3.94M | -$140K | -$2.07M | -$4.31M | -$8.26M | -$6.86M | -$5.82M | -$4.89M | -$3.44M | -$5.57M | -$7.89M | -$5.74M | -$5.16M | -$6.56M | -$3.56M | -$3.12M | -$2M | -$1.24M | -$907K | -$730K | -$950K | -$1.38M | -$2.49M | -$786K |
| Total Equity | $80.86M | $66.48M | $65.81M | $55.22M | $84.34M | $80.87M | $71.84M | $64.49M | $58.82M | $56.1M | $53.57M | $51.43M | $49.82M | $45.05M | $40.34M | $41.73M | $41.18M | $39.15M | $42.07M | $41.92M | $41.6M | $42.4M | $40.99M | $39.17M | $37.22M | $35.16M | $32.22M | $31.76M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.62B | $1.53B | $1.47B | $1.34B | $1.21B | $1.09B | $872.91M | $805.34M | $745.75M | $691.47M | $628.88M | $623.3M | $587.94M | $577.26M | $552.75M | $453M | $447.52M | $440.1M | $393.36M | $381.15M | $374.75M | $359.53M | $356.65M | $343.49M | $337.48M | $303.39M | $295.48M | $290.13M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Total Debt | $302.79M | $275.97M | $81.94M | $66.2M | $16.17M | $7.16M | $47.16M | $27.82M | $31.58M | $32.69M | $11.19M | $17M | $14.61M | $19.74M | $29.02M | $28.99M | $30.99M | $27.42M | $20.33M | $14.6M | $16.26M | $7.93M | $7.22M | $7.54M | $10.34M | $6.38M | $2.87M | $6.08M |
| Net Debt | $298.13M | $261.34M | $62.82M | $45.27M | -$1.68M | -$10.95M | $35.19M | $14.48M | $18.37M | $18.92M | -$5.78M | -$74K | -$8.23M | -$7.21M | -$876K | $9.5M | $3.08M | $7.83M | -$4.36M | -$2.52M | -$6.36M | -$16.5M | -$23.01M | -$13.83M | -$8.28M | -$5.62M | -$12.23M | -$13.11M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | $11.08M | $8.76M | $11.26M | $12.62M | $13.17M | $12.8M | $10.65M | $7.07M | $8.45M | $8.51M | $7.88M | $7.69M | $7.13M | $6.84M | $5.22M | $5.59M | $5.23M | $5.11M | $5.66M | $6.26M | $6.24M | $5.84M | $5.39M | $5.18M | $4.83M | $4.8M | $4.08M | $4.55M |
| Depreciation & Amortization | $1.63M | $1.59M | $1.64M | $1.8M | $1.9M | $2.06M | $1.74M | $1.39M | $1.39M | $1.43M | $1.25M | $1.15M | $1.07M | $1.06M | $792K | $660K | $714K | $784K | $773K | $841K | $909K | $902K | $916K | $856K | $697K | $840K | $991K | $790K |
| Deferred Income Tax | -$1.25M | -$1.83M | $266K | -$270K | $371K | -$777K | $438K | -$508K | $993K | $566K | $341K | -$37K | $581K | -$786K | $595K | -$96K | -$11K | $233K | -$56K | -$21K | $93K | $198K | $2K | $35K | -$50K | -$18K | $53K | $29K |
| Stock-Based Compensation | $494K | $398K | $374K | $446K | $299K | $236K | $165K | $120K | $104K | $66K | $35K | $20K | $12K | $8K | $9K | $25K | $12K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||
| Accounts Receivable | -$517K | -$1.06M | -$1.25M | -$916K | $881K | -$1.2M | -$122K | -$312K | -$241K | -$427K | $22K | -$191K | -$124K | $271K | -$53K | $74K | $304K | $125K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$69K | -$7K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$107K | $0 |
| Other Working Capital | $1.81M | $2.15M | -$2.46M | $873K | -$7.5M | $1.12M | $1.47M | -$1.07M | -$1.2M | -$621K | -$2.72M | -$369K | $752K | $1.22M | $761K | $1.87M | -$3.73M | $703K | -$3.87M | $2.88M | $2.16M | -$158K | -$463K | $195K | $564K | -$163K | $0 | -$80K |
| Total Working Capital Change | $1.29M | $1.09M | -$3.71M | -$43K | -$6.62M | -$80K | $1.34M | -$1.38M | -$1.45M | -$1.05M | -$2.7M | -$560K | $628K | $1.49M | $708K | $1.94M | -$3.43M | $828K | -$3.87M | $2.88M | $2.16M | -$158K | -$463K | $195K | $564K | -$163K | -$177K | -$87K |
| Other Non-Cash Items | $3.97M | $2.13M | -$635K | $14.48M | $20.08M | -$21.31M | -$2.69M | $10.07M | $373K | -$1.88M | $6.32M | -$6.06M | $8.39M | -$5.14M | $35K | $3.14M | -$5.38M | $5.75M | $396K | $52K | -$345K | $9.8M | -$1.15M | -$521K | -$6.91M | -$795K | -$786K | -$904K |
| Net Cash from Operating | $17.23M | $12.15M | $9.19M | $29.03M | $29.19M | -$7.06M | $11.64M | $16.76M | $9.87M | $7.64M | $13.13M | $2.2M | $17.82M | $3.47M | $7.36M | $11.26M | -$2.86M | $12.71M | $2.9M | $10M | $9.05M | $16.56M | $4.69M | $5.74M | -$863K | $4.66M | $4.16M | $4.38M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | -$1.25M | -$1.07M | -$1.95M | -$665K | -$3.51M | -$1.01M | -$6.42M | -$3.07M | -$1.99M | -$1.94M | -$2.29M | -$2.17M | -$1.29M | -$2.02M | -$1.5M | -$896K | -$897K | -$1.83M | -$1.07M | -$1.28M | -$1.56M | -$1.36M | -$484K | -$1.12M | -$1.02M | -$737K | -$351K | -$929K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.61M | -$179K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$99.93M | -$58.33M | -$28.64M | -$62.92M | -$207.16M | -$44.35M | -$35.66M | -$17.21M | -$21.47M | -$30.05M | -$27.45M | -$24.27M | -$27.22M | -$15.13M | -$38.68M | -$14.18M | -$6.67M | -$5.74M | -$14.53M | -$3.18M | -$9.9M | -$16.87M | -$26.75M | -$18.22M | -$22.27M | -$5.99M | -$30.97M | -$32.93M |
| Sales of Investments | $31.18M | $56.51M | $16.7M | $30.34M | $36.91M | $26.61M | $21.87M | $7.7M | $21.34M | $20.59M | $20.56M | $17.73M | $6.26M | $35.08M | $15.46M | $14.34M | $10.59M | $9.33M | $4.8M | $11.67M | $17.7M | $18.49M | $26.87M | $21.28M | $30.11M | $11.35M | $19.56M | $18.2M |
| Other Investing Activities | -$18.32M | -$121.94M | -$68.36M | -$174.34M | -$16.25M | -$107.16M | -$28.72M | -$55.4M | -$53.23M | -$29.33M | -$25.67M | -$13.43M | -$12.72M | -$18.08M | -$27.52M | -$19.45M | -$7.57M | -$43.48M | -$3.81M | -$10.29M | -$30.66M | -$18.12M | -$13.85M | -$4.57M | -$23.55M | -$14.62M | $278K | $818K |
| Net Cash from Investing | -$88.33M | -$124.83M | -$82.25M | -$207.58M | -$190.01M | -$125.91M | -$48.93M | -$67.98M | -$55.34M | -$40.72M | -$34.85M | -$22.15M | -$34.98M | -$148K | -$22.63M | -$20.37M | -$4.55M | -$41.72M | -$14.61M | -$3.08M | -$24.42M | -$17.88M | -$14.21M | -$2.62M | -$16.73M | -$9.98M | -$11.48M | -$14.84M |
| Financing Activities | ||||||||||||||||||||||||||||
| Debt Repaid | -$40.28M | -$175M | -$55.7M | - | -$9.34M | - | $20.29M | $12.77M | $279K | -$22.55M | $294K | $3.59M | -$68K | $10.59M | $4.64M | -$1.43M | $1.86M | -$11.09M | -$5.73M | $1.66M | -$8.32M | -$711K | $314K | $2.81M | -$3.96M | -$3.51M | -$40K | -$5.8M |
| Common Stock Issuance | $1.18M | $0 | $0 | $0 | -$268K | $22K | $44K | $0 | $19K | $56K | $53K | $39K | $63K | $12K | $26K | $0 | $0 | $0 | $0 | $0 | $0 | $61K | $0 | $0 | $0 | $0 | $40K | $37K |
| Common Stock Repurchases | $0 | $0 | -$130K | -$79K | -$2K | $0 | -$13K | -$107K | -$60K | -$6K | -$94K | -$45K | -$21K | -$36K | $0 | -$99K | -$224K | -$561K | $0 | -$227K | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | -$44K |
| Dividends Paid | -$6.48M | -$6.44M | -$6.42M | -$6.24M | -$5.88M | -$5.69M | -$5.5M | -$5.33M | -$5.15M | -$4.94M | -$4.82M | -$4.64M | -$4.5M | -$4.46M | -$4.46M | -$4.46M | -$4.6M | -$5.03M | -$5.07M | -$4.81M | -$6.29M | -$4.1M | -$3.73M | -$3.45M | -$3.21M | -$2.97M | -$2.27M | -$1.97M |
| Other Financing Activities | $46.09M | -$136.71M | $103.69M | $106.83M | $100.78M | $250.28M | $37.26M | $59.2M | $49.93M | $37.31M | $8.34M | $33.75M | $8.36M | $36.55M | $32.99M | $7.83M | $4.46M | $40.41M | $4.14M | $6.52M | $6.7M | $1.22M | $12.37M | $7.28M | $26.99M | $1.14M | $5.42M | $8.33M |
| Net Cash from Financing | $67.57M | $50.85M | $112.84M | $150.51M | $103.97M | $204.61M | $51.13M | $50M | $44.71M | $54.39M | -$2.07M | $30.97M | $1.37M | $18.8M | $25.36M | $1.27M | $3.21M | $41.91M | $4.18M | -$178K | $8.46M | -$2.11M | $8.41M | $1.07M | $27.65M | $1.69M | $3.23M | $12.16M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.54M | -$61.83M | $39.78M | -$28.04M | -$56.85M | $71.64M | $13.85M | -$1.22M | -$767K | $21.31M | -$23.78M | $11.03M | -$15.79M | $22.13M | $10.09M | -$7.84M | -$4.2M | $12.9M | -$7.53M | $6.75M | -$6.91M | -$3.42M | -$1.11M | $4.19M | $10.06M | -$3.63M | -$4.09M | $1.7M |
| Supplementary Data | ||||||||||||||||||||||||||||
| Operating Cash Flow | $17.23M | $12.15M | $9.19M | $29.03M | $29.19M | -$7.06M | $11.64M | $16.76M | $9.87M | $7.64M | $13.13M | $2.2M | $17.82M | $3.47M | $7.36M | $11.26M | -$2.86M | $12.71M | $2.9M | $10M | $9.05M | $16.56M | $4.69M | $5.74M | -$863K | $4.66M | $4.16M | $4.38M |
| Capital Expenditure | -$1.25M | -$1.07M | -$1.95M | -$665K | -$3.51M | -$1.01M | -$6.42M | -$3.07M | -$1.99M | -$1.94M | -$2.29M | -$2.17M | -$1.29M | -$2.02M | -$1.5M | -$896K | -$897K | -$1.83M | -$1.07M | -$1.28M | -$1.56M | -$1.36M | -$484K | -$1.12M | -$1.02M | -$737K | -$351K | -$929K |
| Free Cash Flow | $15.97M | $11.08M | $7.25M | $28.37M | $25.68M | -$8.07M | $5.23M | $13.69M | $7.88M | $5.71M | $10.84M | $34K | $16.53M | $1.45M | $5.86M | $10.36M | -$3.76M | $10.88M | $1.83M | $8.72M | $7.49M | $15.18M | $4.19M | $4.63M | -$1.88M | $3.93M | $3.81M | $3.45M |
| Cash at Beginning | $15.84M | $77.67M | $37.88M | $65.92M | $122.77M | $51.13M | $37.29M | $38.51M | $39.27M | $17.96M | $41.74M | $30.72M | $46.51M | $24.38M | $14.29M | $22.13M | $26.33M | $13.43M | $20.96M | $14.21M | $21.12M | $24.54M | $25.75M | $21.56M | $11.5M | $15.13M | $19.2M | $17.5M |
| Cash at End | $12.3M | $15.84M | $77.67M | $37.88M | $65.92M | $122.77M | $51.13M | $37.29M | $38.51M | $39.27M | $17.96M | $41.74M | $30.72M | $46.51M | $24.38M | $14.29M | $22.13M | $26.33M | $13.43M | $20.96M | $14.21M | $21.12M | $24.63M | $25.75M | $21.56M | $11.5M | $15.1M | $19.2M |