---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000002"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:49:12.825710+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q4 net income $3.0M ($0.68/share) vs $3.4M ($0.77) YoY; dividend $0.36

## Summary
- Full-year 2023 net income $11.3M ($2.50/share) vs $12.6M ($2.81) in 2022.
- Total assets $1.5B, up 9.9% from $1.3B; loans $1.0B, deposits $1.31B.
- Net interest income fell 12.1% to $9.1M in Q4 as interest expense surged 325.9% for the year.
- Dividend of $0.36/share declared, payable Feb 1, 2024 to holders of record Jan 27, 2024.
- Board reauthorized quarterly stock repurchase of up to 2,500 shares through Dec 31, 2024.

## SEC filing metadata
- accession: 0000706863-24-000002
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/0000706863-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/unb-20231220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000002
- JSON: https://secwatch.observer/filing/0000706863-24-000002.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000002.txt

## Key facts
- Earnings Releases
  UNION BANKSHARES INC reported the year ended December 31, 2023 results: net income $11.3 million, EPS $2.50 per share.
  - Period: the year ended December 31, 2023
  - Net income: $11.3 million
  - EPS: $2.50 per share
  - Result: reported results
  source text: $11.3 million, or $2.50 per share, for the year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/0000706863-24-000002-index.htm
- Earnings Releases
  UNION BANKSHARES INC reported the three months and year ended December 31, 2023 results: net income $3.0 million, EPS $0.68 per share.
  - Period: the three months and year ended December 31, 2023
  - Net income: $3.0 million
  - EPS: $0.68 per share
  - Result: reported results
  source text: Consolidated net income for the three months ended December 31, 2023 was $3.0 million, or $0.68 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/0000706863-24-000002-index.htm

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