Union Bankshares Q3 net income $3.8M, EPS $0.84; declares $0.35 dividend

UNION BANKSHARES INC

2022-Q3 EPS reported $2.03

Net income $3.8M in Q3 2022 vs $3.9M in Q3 2021; diluted EPS $0.84 vs $0.87.
Loan sale fee income for 9 months fell to $748K from $4.0M year ago due to rising rates.
Net interest income rose to $10.44M in Q3 from $9.15M; loans grew 19.3% to $942.5M.
Investment securities unrealized loss of $51.8M from rate increases; credit quality satisfactory.
Dividend maintained at $0.35 per share, payable Nov 3, 2022 to holders of record Oct 29, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNION BANKSHARES INC reported three and nine months ended September 30, 2022 results: net income $3.8 million.

Period: three and nine months ended September 30, 2022
Net income: $3.8 million
Result: reported results

Exact text from the filing

Consolidated net income for the three months ended September 30, 2022 was $3.8 million, compared to $3.9 million, for the same period in 2021, and $9.2 million, for the nine months ended September 30, 2022, compared to $9.8 million, for the same period in 2021.

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Source: SEC EDGAR

accession 0000706863-22-000060

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