---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000061"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:09:54.298388+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706863-23-000061
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686323000061/0000706863-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000061/unb-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000061
- JSON: https://secwatch.observer/filing/0000706863-23-000061.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000061.txt

## Key facts
- Earnings Releases
  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
  source text: Consolidated net income for the three months ended September 30, 2023 was $2.5 million, or $0.56 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000061/0000706863-23-000061-index.htm
- Earnings Releases
  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
  source text: $8.2 million, or $1.82 per share, for the nine months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686323000061/0000706863-23-000061-index.htm

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