earnings
confidence high
sentiment positive
materiality 0.65
Union Bankshares Q1 net income rises to $3.0M, EPS $0.65; declares $0.36 dividend
UNION BANKSHARES INC
2026-Q1 EPS reported
$0.65
- Net income $3.0M ($0.65 diluted EPS) vs $2.5M ($0.55) in Q1 2025, up 20%.
- Total assets grew 6.6% to $1.63B; loans up 1.3% to $1.18B; deposits $1.20B, down from $1.81B YoY.
- Net interest income up 10% to $1.0M increase; credit loss benefit $325K vs expense $235K prior year.
- Noninterest expenses up 9.8% to $10.8M, driven by salaries and wages.
- Dividend $0.36/share payable May 7 to record Apr 27.