Union Tax Provision from 2010 to 2024

UNB Stock  USD 33.95  1.65  4.63%   
Union Bankshares' Tax Provision is decreasing over the years with slightly volatile fluctuation. Tax Provision is expected to dwindle to about 1.9 M. Tax Provision is the amount set aside by Union Bankshares to cover any estimated taxes for the current period. It reflects Union Bankshares' expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
61 K
Current Value
-123 K
Quarterly Volatility
244.2 K
 
Covid
Check Union Bankshares financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Union Bankshares' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.2 M, Interest Expense of 20.2 M or Selling General Administrative of 12.8 M, as well as many indicators such as Price To Sales Ratio of 5.46, Dividend Yield of 0.0497 or PTB Ratio of 1.78. Union financial statements analysis is a perfect complement when working with Union Bankshares Valuation or Volatility modules.
  
Check out the analysis of Union Bankshares Correlation against competitors.
For information on how to trade Union Stock refer to our How to Trade Union Stock guide.

Latest Union Bankshares' Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Union Bankshares over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Union Bankshares' Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Union Bankshares' overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Union Tax Provision Regression Statistics

Arithmetic Mean2,413,563
Geometric Mean2,345,838
Coefficient Of Variation23.07
Mean Deviation418,983
Median2,646,000
Standard Deviation556,913
Sample Variance310.2B
Range2.4M
R-Value(0.37)
Mean Square Error287.8B
R-Squared0.14
Significance0.17
Slope(46,303)
Total Sum of Squares4.3T

Union Tax Provision History

20241.9 M
2023M
20222.6 M
20212.6 M
20202.4 M
20191.8 M
20181.2 M

About Union Bankshares Financial Statements

Union Bankshares stakeholders use historical fundamental indicators, such as Union Bankshares' Tax Provision, to determine how well the company is positioned to perform in the future. Although Union Bankshares investors may analyze each financial statement separately, they are all interrelated. For example, changes in Union Bankshares' assets and liabilities are reflected in the revenues and expenses on Union Bankshares' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Union Bankshares. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Tax ProvisionM1.9 M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Union Bankshares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Union Bankshares' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Union Bankshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Union Bankshares Stock:
Check out the analysis of Union Bankshares Correlation against competitors.
For information on how to trade Union Stock refer to our How to Trade Union Stock guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Union Bankshares. If investors know Union will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Union Bankshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.47)
Dividend Share
1.44
Earnings Share
1.94
Revenue Per Share
10.244
Quarterly Revenue Growth
(0.1)
The market value of Union Bankshares is measured differently than its book value, which is the value of Union that is recorded on the company's balance sheet. Investors also form their own opinion of Union Bankshares' value that differs from its market value or its book value, called intrinsic value, which is Union Bankshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Union Bankshares' market value can be influenced by many factors that don't directly affect Union Bankshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Union Bankshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Union Bankshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Union Bankshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.