earnings
confidence high
sentiment negative
materiality 0.60
Union Bankshares Q2 2022 EPS $0.65, down from $0.67; book value falls 27% on AOCI
UNION BANKSHARES INC
2022-Q2 EPS reported
$1.20
- Net income $2.9M ($0.65/share) in Q2, down from $3.0M ($0.67) in Q2 2021; H1 down to $5.4M from $5.9M.
- Book value per share dropped to $13.34 from $18.37 due to $28.4M AOCI loss from rising interest rates.
- Total assets $1.2B (+11.8% YoY); loans $823M (+5.1%); deposits $1.1B (+14.0%).
- Net interest income rose to $9.7M from $8.9M; lower PPP fees and gain-on-sale income partly offset.