Quarterly ResultMay 7, 2026, 04:36 PM
Union Bankshares Q1 Net Income $3.0M, EPS $0.65; Declares $0.36 Dividend
AI Summary
Union Bankshares reported solid first-quarter performance for 2026, with consolidated net income increasing 20% to $3.0 million, or $0.65 per share, compared to the prior year. This improvement was driven by higher net interest income and a growing asset base, with total assets reaching $1.63 billion. The company also announced a regular quarterly cash dividend of $0.36 per share.
Key Highlights
- Consolidated net income increased 20% to $3.0 million for Q1 2026, up from $2.5 million in Q1 2025.
- Diluted earnings per share rose 18.2% to $0.65 for Q1 2026, compared to $0.55 in Q1 2025.
- Total assets expanded 6.6% to $1.63 billion at March 31, 2026, from $1.52 billion a year prior.
- Net interest income grew 10.0% to $11.3 million for Q1 2026, up from $10.3 million in Q1 2025.
- Book value per share increased 13.1% year-over-year to $17.46 at March 31, 2026.
- The Board declared a quarterly cash dividend of $0.36 per share, payable May 7, 2026.