secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0000706863-23-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/0000706863-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686323000002/unb-20230118.htm
  HTML page:      https://secwatch.observer/filing/0000706863-23-000002

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