UNION BANKSHARES INC NAMES VICE CHAIR TIMOTHY SARGENT AS LEAD INDEPENDENT DIRECTOR IN SEC FILING
Union Bank's Leadership Change: Timothy Sargent has been appointed as the lead independent director at Union Bank, indicating a shift in the bank's governance structure.
SEC Filing: The announcement of Sargent's designation was made public through a filing with the Securities and Exchange Commission (SEC), highlighting regulatory compliance.
Trade with 70% Backtested Accuracy
Analyst Views on UNB
About UNB
About the author
UNION BANKSHARES INC NAMES VICE CHAIR TIMOTHY SARGENT AS LEAD INDEPENDENT DIRECTOR IN SEC FILING
Union Bank's Leadership Change: Timothy Sargent has been appointed as the lead independent director at Union Bank, indicating a shift in the bank's governance structure.
SEC Filing: The announcement of Sargent's designation was made public through a filing with the Securities and Exchange Commission (SEC), highlighting regulatory compliance.
David Silverman to Take Over as Board Chair of Union Bankshares Inc. Following Van Dyke's Retirement - SEC Filing
Union Bank Leadership Change: David Silverman has been appointed to assume the role of board chair at Union Bank following the retirement of Vandyke.
Retirement Announcement: Vandyke's retirement marks a significant transition in the bank's leadership structure, prompting the need for new governance.
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.
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.
Union Bankshares Announces Earnings for the three and six months ended June 30, 2025 and Declares Quarterly Dividend
Financial Performance: Union Bankshares, Inc. reported a consolidated net income of $2.4 million for Q2 2025, an increase from $2.0 million in Q2 2024, with total assets growing to $1.48 billion and total loans increasing by 9.8% year-over-year.
Dividend Announcement: The Board of Directors declared a cash dividend of $0.36 per share, payable on August 7, 2025, to shareholders of record as of July 26, 2025.
Union Bankshares Announces Earnings for the three months ended March 31, 2025 and Declares Quarterly Dividend
Financial Performance: Union Bankshares, Inc. reported a consolidated net income of $2.5 million for Q1 2025, an increase from $2.4 million in Q1 2024, with total assets growing to $1.52 billion and strong loan demand contributing to a 12.3% increase in loans.
Dividend Declaration: The Board declared a cash dividend of $0.36 per share, payable on May 1, 2025, to shareholders of record as of April 26, 2025, reflecting the bank's commitment to returning value to its investors.
UNION BANKSHARES INC NAMES VICE CHAIR TIMOTHY SARGENT AS LEAD INDEPENDENT DIRECTOR IN SEC FILING
Union Bank's Leadership Change: Timothy Sargent has been appointed as the lead independent director at Union Bank, indicating a shift in the bank's governance structure.
SEC Filing: The announcement of Sargent's designation was made public through a filing with the Securities and Exchange Commission (SEC), highlighting regulatory compliance.
David Silverman to Take Over as Board Chair of Union Bankshares Inc. Following Van Dyke's Retirement - SEC Filing
Union Bank Leadership Change: David Silverman has been appointed to assume the role of board chair at Union Bank following the retirement of Vandyke.
Retirement Announcement: Vandyke's retirement marks a significant transition in the bank's leadership structure, prompting the need for new governance.
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.
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.
Union Bankshares Announces Earnings for the three and six months ended June 30, 2025 and Declares Quarterly Dividend
Financial Performance: Union Bankshares, Inc. reported a consolidated net income of $2.4 million for Q2 2025, an increase from $2.0 million in Q2 2024, with total assets growing to $1.48 billion and total loans increasing by 9.8% year-over-year.
Dividend Announcement: The Board of Directors declared a cash dividend of $0.36 per share, payable on August 7, 2025, to shareholders of record as of July 26, 2025.
Union Bankshares Announces Earnings for the three months ended March 31, 2025 and Declares Quarterly Dividend
Financial Performance: Union Bankshares, Inc. reported a consolidated net income of $2.5 million for Q1 2025, an increase from $2.4 million in Q1 2024, with total assets growing to $1.52 billion and strong loan demand contributing to a 12.3% increase in loans.
Dividend Declaration: The Board declared a cash dividend of $0.36 per share, payable on May 1, 2025, to shareholders of record as of April 26, 2025, reflecting the bank's commitment to returning value to its investors.
