Union Bankshares Q3 net income falls 33% to $2.5M; EPS $0.56 vs $0.84

UNION BANKSHARES INC

2023-Q3 EPS reported $1.81

Net income $2.5M ($0.56 EPS) vs $3.8M ($0.84) Q3 2022; 9 months $8.2M ($1.82) vs $9.2M ($2.04).
Net interest income fell to $9.1M from $10.4M YoY; higher funding costs from rate increases and deposit outflows.
Total assets rose 7.3% to $1.4B; loans up to $1.0B; deposits $1.22B including $153M brokered deposits.
Board declared $0.36 per share quarterly dividend, payable Nov 2 to holders of record Oct 28.
Company opened full-service branch in North Conway, NH; July flood damage to two branches not material.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

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

Period: the three and nine 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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19 earnings releases filed in the last 30 days. Browse all earnings releases →

UNION BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0000706863-23-000063

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