Union Bankshares: An Attractive Local Vermont Bank Offering A 6% Dividend Yield

Union Bankshares delivers robust financial results, driven by double-digit EPS growth and disciplined loan loss provisioning. UNB trades at 1.3–1.35x tangible book and ~10x earnings, supported by a rising book value and strong credit quality. The loan book is heavily real estate-backed, with low provisioning (0.75% of loans) and manageable past-due exposure.