UNION BANKSHARES INC

Union Bankshares announced leadership changes following its annual shareholders meeting on May 20, 2026. Cornelius J. Van Dyke retired as Director and Board Chair due to reaching the mandatory retirement age. David S. Silverman, the current CEO, was appointed Board Chair, and Timothy W. Sargent was named Vice Chair and Lead Independent Director. Additionally, shareholders approved the election of ten directors and ratified the appointment of BDMP Assurance, LLP as the external auditors for 2026.

Union Bankshares reported a strong first quarter for 2026, with net income increasing by 20.1% to $3.00 million and basic and diluted earnings per share rising to $0.65. The company's net interest income also saw a significant increase, reaching $11.30 million. While total assets experienced a modest increase, total deposits saw a slight decrease, and total stockholders' equity also declined marginally.

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.

Union Bankshares, Inc. filed an amendment to its Form 8-K to correct an error in a previously issued press release. The company clarified that its total deposits as of March 31, 2025, were $1.18 billion, not the $1.81 billion initially reported. This correction was made on April 17, 2026, superseding the original press release from April 15, 2026, which also announced Q1 2026 net income, EPS, and a quarterly cash dividend.

Union Bankshares, Inc. announced its net income and net income per share for the first quarter ended March 31, 2026. Concurrently, the Board of Directors declared a regular quarterly cash dividend of $0.36 per share. This dividend is scheduled for payment on May 7, 2026, to shareholders of record as of April 27, 2026.

Union Bankshares, Inc. reported a consolidated net income of $3.0 million, or $0.65 per share, for the first quarter of 2026, a 20% increase from $2.5 million ($0.55 per share) in the same period last year. Total assets grew 6.6% to $1.63 billion, driven by increases in Federal funds sold and investment securities. Stockholders' equity also saw a significant rise, leading to a 13.1% increase in book value per share. However, total deposits decreased substantially from $1.81 billion to $1.20 billion year-over-year.