Quarterly ResultOct 21, 2026, 05:11 PM
Union Bankshares Q3 Net Income $3.8M; Declares $0.36 Dividend
AI Summary
Union Bankshares, Inc. announced its financial results for the third quarter and nine months ended September 30, 2026, reporting an increase in net income for both periods compared to 2025. The company also declared a regular quarterly cash dividend of $0.36 per share. Total assets saw a 4.0% increase, driven by growth in securities and loan portfolios. Deposits also increased, while total stockholders' equity saw a slight rise, though book value per share decreased due to accumulated other comprehensive loss related to investment securities.
Key Highlights
- Union Bankshares reported Q3 2026 net income of $3.8 million, or $0.77 per share, up from $3.4 million, or $0.75 per share, in Q3 2025.
- Nine-month 2026 net income was $9.7 million, or $2.03 per share, compared to $8.3 million, or $1.83 per share, in the same period of 2025.
- Total assets grew 4.0% to $1.64 billion as of September 30, 2026, from $1.57 billion as of September 30, 2025.
- Total deposits increased to $1.25 billion as of September 30, 2026, from $1.19 billion as of September 30, 2025.
- The Board of Directors declared a quarterly cash dividend of $0.36 per share, payable November 5, 2026.
- Book value per share decreased to $15.94 as of September 30, 2026, from $16.95 as of September 30, 2025.
Price Impact
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