secwatch.observer — SEC 8-K summary
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Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0000706863-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/0000706863-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000002/unb-20231220.htm
  HTML page:      https://secwatch.observer/filing/0000706863-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer