earnings
confidence high
sentiment negative
materiality 0.70
Union Bankshares Q2 net income falls 25% to $2.0M; declares $0.36 dividend
UNION BANKSHARES INC
2024-Q2 EPS reported
$0.98
- Net income $2.0M ($0.45/sh) vs $2.7M ($0.60/sh) in Q2 2023.
- Net interest income $9.5M, down 1.4%; credit loss expense $388K vs benefit $96K.
- Total assets $1.40B (+4.8% YoY); loans $1.01B; deposits $1.05B down from $1.12B.
- Quarterly dividend $0.36/sh payable Aug 1 to holders of record July 27.
- Unrealized losses on AFS securities $45.1M; accumulated OCI loss $35.2M.