---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000002"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:20:37.466825+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706863-23-000002
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/0000706863-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/unb-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000002
- JSON: https://secwatch.observer/filing/0000706863-23-000002.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/0000706863-23-000002-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/0000706863-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.