Union Bankshares Q4 net income flat at $3.0M; FY net income down 22% to $8.8M

UNION BANKSHARES INC

2024-FY EPS reported $1.92

Q4 2024 net income $3.0M, EPS $0.67 vs $3.0M, $0.68 in Q4 2023.
FY 2024 net income $8.8M ($1.94 EPS) vs $11.3M ($2.50 EPS) in FY 2023.
Total loans grew 12.6% to $1.16B; deposits fell to $1.17B (no brokered deposits).
Credit loss expense increased to $930K from a $499K benefit; asset quality remains strong.
Quarterly dividend declared $0.36/share, payable Feb 6, 2025 to holders of record Jan 25.

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