Union Bankshares Q4 net income $3.4M ($0.77 EPS); raises quarterly dividend 2.9% to $0.36

UNION BANKSHARES INC

2022-FY EPS reported $2.79

Q4 net income $3.4M, EPS $0.77; full-year net income $12.6M, EPS $2.81 (down from $2.94 in 2021).
Net interest income increased 12% to $10.4M in Q4; noninterest income fell $702K due to lower mortgage gains.
Board declared quarterly dividend $0.36 per share, up 2.9% from $0.35, payable Feb 2 to holders of record Jan 28.
Board reauthorized limited quarterly stock repurchase program for up to 2,500 shares per quarter through 2023.
Total assets grew 10.9% to $1.3B; loans up 19.8% to $960.7M; deposits up 9.8% to $1.2B.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNION BANKSHARES INC reported the year ended December 31, 2022 results: net income $12.6 million, EPS $2.81.

Period: the year ended December 31, 2022
Net income: $12.6 million
EPS: $2.81
Result: reported results

Exact text from the filing

Net income was $3.4 million and $12.6 million for the three months and year ended December 31, 2022 resulting in earnings per share of $0.77 and $2.81 for the same periods, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNION BANKSHARES INC reported the three months ended December 31, 2022 results: net income $3.4 million, EPS $0.77.

Period: the three months ended December 31, 2022
Net income: $3.4 million
EPS: $0.77
Result: reported results

Exact text from the filing

Net income was $3.4 million and $12.6 million for the three months and year ended December 31, 2022 resulting in earnings per share of $0.77 and $2.81 for the same periods, respectively.

View on SEC.gov

19 earnings releases filed in the last 30 days. Browse all earnings releases →

UNION BANKSHARES INC filing history →

Source: SEC EDGAR

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