Union Bankshares Announces Balance Sheet Repositioning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Source: Yahoo Finance
Balance Sheet Repositioning: Union Bankshares, Inc. has completed a repositioning of its investment securities portfolio by selling $38.8 million in lower-yielding debt securities, incurring an estimated after-tax loss of $1.0 million, which is expected to be recouped within a year through redeployment into higher yielding bonds and loans.
Community Commitment: Union Bank, headquartered in Morrisville, Vermont, emphasizes its long-standing commitment to community banking, providing various financial services while maintaining strong compliance with the Community Reinvestment Act and contributing positively to local communities.
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Analyst Views on UNB
About UNB
Union Bankshares, Inc. is a one-bank holding company for Union Bank. The Union Bank provides full retail, commercial, municipal banking, wealth management and trust services throughout its 18 banking offices and three loan centers covering northern Vermont and northern New Hampshire. It provides retail banking services to individuals and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, and nonprofit organizations, local municipalities and school districts within its market area. Its products and services include commercial loans for business purposes to business owners and investors for plant and equipment, working capital, real estate renovation and other sound business purposes; commercial real estate loans on income producing properties, including commercial construction loans; online mortgage applications; business checking accounts; online consumer deposit account opening, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Union Bankshares Reports $11.1M Net Income for 2025, Declares $0.36 Quarterly Dividend
- Net Income Growth: Union Bankshares reported a net income of $11.1 million for 2025, a 26.5% increase from $8.8 million in 2024, reflecting the company's robust core business performance and enhancing confidence for future growth.
- Asset Expansion: Total assets reached $1.62 billion as of December 31, 2025, up 5.8% from $1.52 billion in 2024, primarily driven by increases in the securities and loan portfolios, indicating strategic asset allocation decisions.
- Loan and Deposit Stability: Total loans amounted to $1.2 billion in 2025, growing 1.5%, while total deposits reached $1.21 billion, demonstrating the company's stability and customer trust in the market, despite some impact from loan sales on growth.
- Strengthened Shareholder Equity: Book value per share increased by 19.7% to $17.53, partly due to $1.2 million in net proceeds from stock sales under the equity distribution agreement, enhancing the company's capital base and future investment capacity.
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Union Bankshares Reports 26.5% Net Income Growth for 2025 and Declares Dividend
- Quarterly Net Income Decline: Union Bank reported a net income of $2.7 million for Q4 2025, or $0.60 per share, down from $3.0 million and $0.67 per share in Q4 2024, primarily due to a $1.4 million increase in noninterest expenses, highlighting challenges in cost management.
- Annual Net Income Growth: For the full year 2025, net income rose to $11.1 million from $8.8 million in 2024, an increase of $2.3 million or 26.5%, reflecting improved profitability post-strategic asset repositioning, despite the prior year's losses from bond sales.
- Asset and Loan Growth: As of December 31, 2025, total assets reached $1.62 billion, a 5.8% increase, with investment securities rising to $328.3 million and total loans at $1.2 billion, indicating robust expansion and optimized asset allocation in the market.
- Strengthened Shareholder Equity: By December 31, 2025, book value per share increased by 19.7% to $17.53, partly due to $1.2 million in net proceeds from stock sales, demonstrating proactive capital management and commitment to shareholder returns.
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