Quarterly ResultAug 7, 2026, 03:33 PM
Union Bankshares Q2 Net Income $2.92M, EPS $0.61
AI Summary
Union Bankshares reported strong second-quarter 2026 financial results with net income increasing to $2.92 million, up 22.1% year-over-year, and basic EPS rising to $0.61. Net interest income also grew by 11.2% to $11.62 million. However, the company experienced a decrease in total assets, deposits, and net loans compared to year-end 2025, while stockholders' equity increased.
Key Highlights
- Net income for Q2 2026 increased 22.1% to $2.92 million.
- Basic earnings per share for Q2 2026 rose 15.1% to $0.61.
- Net interest income for Q2 2026 grew 11.2% to $11.62 million.
- Total assets decreased 3.6% to $1.559 billion as of June 30, 2026.
- Total deposits decreased 10.0% to $1.094 billion as of June 30, 2026.
- Net loans decreased 5.0% to $1.111 billion as of June 30, 2026.
- Total stockholders' equity increased 11.8% to $90.41 million.
- Credit loss expense decreased 20.8% to $175 thousand.
Price Impact
More from UNB