---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-24-000062"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:06:27.510074+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q2 net income falls 25% YoY to $2.0M; declares $0.36 dividend

## Summary
- Q2 net income of $2.0M ($0.45 EPS) vs $2.7M ($0.60 EPS) a year ago; H1 net income $4.4M ($0.98 EPS) vs $5.7M ($1.26 EPS).
- Quarterly dividend of $0.36 per share declared, payable Aug 1, 2024 to holders of record July 27, 2024.
- Loan asset quality remains very strong with low delinquencies; no material impact expected from recent Vermont flooding.
- Funding costs persistently high due to Fed rate hold; management expects no material improvement in cost of funds until 2025.

## SEC filing metadata
- accession: 0000706863-24-000062
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686324000062/0000706863-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686324000062/unb-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-24-000062
- JSON: https://secwatch.observer/filing/0000706863-24-000062.json
- Plain text: https://secwatch.observer/filing/0000706863-24-000062.txt

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