Union Bankshares Q1 net income falls 19% to $2.41M; EPS $0.53 vs $0.66

UNION BANKSHARES INC

2024-Q1 EPS reported $0.53

Net income of $2.41M vs $2.98M in Q1 2023; diluted EPS $0.53 vs $0.66.
Net interest income declined $967K to $9.008M; noninterest expense rose $492K to $9.242M.
Total loans grew 6.6% YoY to $1.04B; total assets up 4.1% to $1.42B.
Credit loss expense was a benefit of $230K vs expense of $74K a year ago; no charge-offs.
Board declared $0.36 quarterly dividend payable May 2, 2024 to holders of record April 27.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNION BANKSHARES INC reported the three months ended March 31, 2024 results: net income Consolidated net income for the first quarter was $2.41 million.

Period: the three months ended March 31, 2024
Net income: Consolidated net income for the first quarter was $2.41 million
Result: reported results

Exact text from the filing

On May 2, 2024, Union Bankshares, Inc (the "Company") distributed its First Quarter 2024 unaudited Report to Shareholders (the "Quarterly Report") presenting information concerning the Company's results of operations and financial condition for the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0000706863-24-000036

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