secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNION BANKSHARES INC (UNB)
CIK:        0000706863
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000706863-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Union Bankshares Q4 2023 EPS $0.68 vs $0.77; FY EPS $2.50 vs $2.81
------------------------------------------------------------------

- Net income for Q4 2023 was $3.0M ($0.68 diluted EPS) vs $3.4M ($0.77) in Q4 2022.
- Full-year 2023 net income $11.3M ($2.50 EPS) vs $12.6M ($2.81 EPS) in 2022.
- Total assets grew 9.9% to $1.5B; loans increased to $1.0B.
- Declared quarterly cash dividend of $0.36 per share, payable Feb 1, 2024.
- Net charge-offs were only $4,000 for 2023; asset quality remains strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000008/0000706863-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/706863/000070686324000008/unb-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000706863-24-000008

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