Union Bankshares Q1 net income rises 20.1% to $3 million

Union Bankshares, Inc.

Union Bankshares, Inc.

UNB

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  • Union Bankshares posted first-quarter net income of $3 million, or $0.65 per share, up from $2.5 million, or $0.55 per share, a year earlier.
  • Net interest income rose 10% to $11.3 million, while credit loss expense swung to a $325,000 benefit from a $235,000 expense.
  • Noninterest income totaled $2.2 million, including $350,000 of net gains on mortgage sales; noninterest expense climbed $958,000 to $10.8 million.
  • Total assets increased 6.6% year over year to $1.63 billion, with investment securities up 26.4% to $315.6 million.
  • Board declared a quarterly cash dividend of $0.36 per share, payable May 7, 2026, to shareholders of record April 27, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000706863-26-000042), on May 07, 2026, and is solely responsible for the information contained therein.

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