---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-23-000063"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:18:34.836757+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000706863-23-000063
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686323000063/0000706863-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686323000063/unb-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-23-000063
- JSON: https://secwatch.observer/filing/0000706863-23-000063.json
- Plain text: https://secwatch.observer/filing/0000706863-23-000063.txt

## Key facts
- Earnings Releases
  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
  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/706863/000070686323000063/0000706863-23-000063-index.htm

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