Union Bankshares FY2022 net income $12.6M ($2.81 EPS); Q4 dividend raised 2.9% to $0.36

UNION BANKSHARES INC

2022-FY EPS reported $2.79

Net income for 2022 $12.6M ($2.81 EPS), down from $13.2M ($2.94 EPS) in 2021.
Total assets $1.34B (+10.9%); loans $960.7M (+19.8%) driven by retained residential and commercial real estate.
Net interest income $39.4M, up $3.7M; noninterest income declined $4.0M due to lower mortgage gains.
Quarterly dividend raised 2.9% to $0.36, payable Feb 2, 2023 to holders of record Jan 28, 2023.
Loan demand sound, asset quality stable; recession risk cited for 2023.

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 the three months and year ended December 31, 2022 results: net income $12.6 million, EPS $2.81 per share.

Period: the three months and year ended December 31, 2022
Net income: $12.6 million
EPS: $2.81 per share
Result: reported results

Exact text from the filing

Consolidated net income was $12.6 million, or $2.81 per share, compared to $13.2 million, or $2.94 per share, for the year ended December 31, 2022, and 2021, respectively.

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UNION BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0000706863-23-000004

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