Union Bankshares Q3 net income slips 4.3% to $3.8M; declares $0.35 quarterly dividend

UNION BANKSHARES INC

2022-Q3 EPS reported $2.03

Q3 net income $3.8M ($0.84 diluted EPS) vs $3.9M ($0.87) in Q3 2021, a decrease of 4.3%.
Nine-month net income $9.2M ($2.04/share) vs $9.8M ($2.18) prior year; net interest income up $2.6M, noninterest income down $3.3M.
Total assets $1.3B (+12.3% YoY); loans $942.5M (+19.3%); deposits $1.2B (+11.9%); unrealized losses on AFS securities $51.8M.
Declared regular quarterly cash dividend of $0.35 per share, payable Nov 3, 2022 to holders of record Oct 29, 2022.

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