Union Bankshares Q3 net income falls 32.6% to $2.5M; declares $0.36 dividend

UNION BANKSHARES INC

2023-Q3 EPS reported $1.81

Q3 net income $2.5M ($0.56/diluted share), vs $3.8M ($0.84) in Q3 2022; down 32.6%.
Nine-month net income $8.2M ($1.82/diluted), vs $9.2M ($2.04) in 2022; down 10.5%.
Net interest income $9.1M in Q3 2023, down 12.4% from $10.4M in Q3 2022 due to funding cost pressure.
Total deposits $1.22B, including $153M brokered deposits; FHLB advances $90.7M.
Quarterly cash dividend of $0.36 per share declared, payable Nov 2 to record Oct 28.

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 0.95

UNION BANKSHARES INC reported the three months ended September 30, 2023 results: net income $2.5 million, EPS $0.56 per share.

Period: the three months ended September 30, 2023
Net income: $2.5 million
EPS: $0.56 per share
Result: reported results

Exact text from the filing

Consolidated net income for the three months ended September 30, 2023 was $2.5 million, or $0.56 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNION BANKSHARES INC reported the nine months ended September 30, 2023 results: net income $8.2 million, EPS $1.82 per share.

Period: the nine months ended September 30, 2023
Net income: $8.2 million
EPS: $1.82 per share
Result: reported results

Exact text from the filing

$8.2 million, or $1.82 per share, for the nine months ended September 30, 2023

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

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Source: SEC EDGAR

accession 0000706863-23-000061

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