Union Bankshares reports Q2 EPS 29c vs. 56c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
0mins
Should l Buy UNB?
Net Interest Income Growth: Net interest income increased by 3.1% to $9.4 million for Q3 2024, driven by a rise in interest income to $17.2 million, up 15.8% from the previous year due to a larger earning asset base and higher interest rates on new loans.
Rising Interest Expenses: Interest expense rose by $2.1 million to $7.8 million in Q3 2024, attributed to higher-cost wholesale funding and customers seeking better returns on their deposits.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy UNB?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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 8.9% Revenue Growth in Q1
- Revenue Growth: Union Bankshares reported Q1 revenue of $13.8 million, reflecting an 8.9% year-over-year increase, indicating the company's resilience in the market despite ongoing challenges.
- Net Income Improvement: For the three months ending March 31, 2026, consolidated net income was $3.0 million, or $0.65 per share, compared to $2.5 million and $0.55 per share in the same period of 2025, showcasing enhanced profitability.
- Deposit Changes: Total deposits as of March 31, 2026, stood at $1.20 billion, down from $1.81 billion a year earlier, although purchased brokered deposits slightly increased, highlighting liquidity management challenges.
- Increased Borrowing: Borrowed funds from the Federal Home Loan Bank amounted to $311.0 million as of March 31, 2026, up from $240.7 million in 2025, indicating a rising reliance on external financing sources.
See More
Union Bankshares Reports Q1 Net Income Growth
- Net Income Growth: For Q1 2026, Union Bankshares reported a net income of $3.0 million, translating to $0.65 per share, which is a 20% increase from $2.5 million and $0.55 per share in Q1 2025, indicating robust performance in both interest and non-interest income.
- Asset Expansion: As of March 31, 2026, total assets reached $1.63 billion, up $100.3 million or 6.6% from $1.52 billion a year earlier, primarily driven by increases in federal funds sold and the securities portfolio, showcasing effective asset management strategies.
- Equity Improvement: Stockholders' equity rose to $80.6 million as of March 31, 2026, compared to $70.1 million in 2025, marking a 15% increase and boosting book value per share to $17.46, reflecting ongoing improvements in capital management and asset quality.
- Dividend Declaration: The Board declared a cash dividend of $0.36 per share, payable on May 7, 2026, to shareholders of record as of April 27, 2026, demonstrating the company's commitment to shareholder returns and confidence in its financial health.
See More
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.
See More
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.
See More
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.
See More
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.
See More
Union Bankshares Reports 8.9% Revenue Growth in Q1
- Revenue Growth: Union Bankshares reported Q1 revenue of $13.8 million, reflecting an 8.9% year-over-year increase, indicating the company's resilience in the market despite ongoing challenges.
- Net Income Improvement: For the three months ending March 31, 2026, consolidated net income was $3.0 million, or $0.65 per share, compared to $2.5 million and $0.55 per share in the same period of 2025, showcasing enhanced profitability.
- Deposit Changes: Total deposits as of March 31, 2026, stood at $1.20 billion, down from $1.81 billion a year earlier, although purchased brokered deposits slightly increased, highlighting liquidity management challenges.
- Increased Borrowing: Borrowed funds from the Federal Home Loan Bank amounted to $311.0 million as of March 31, 2026, up from $240.7 million in 2025, indicating a rising reliance on external financing sources.
See More
Union Bankshares Reports Q1 Net Income Growth
- Net Income Growth: For Q1 2026, Union Bankshares reported a net income of $3.0 million, translating to $0.65 per share, which is a 20% increase from $2.5 million and $0.55 per share in Q1 2025, indicating robust performance in both interest and non-interest income.
- Asset Expansion: As of March 31, 2026, total assets reached $1.63 billion, up $100.3 million or 6.6% from $1.52 billion a year earlier, primarily driven by increases in federal funds sold and the securities portfolio, showcasing effective asset management strategies.
- Equity Improvement: Stockholders' equity rose to $80.6 million as of March 31, 2026, compared to $70.1 million in 2025, marking a 15% increase and boosting book value per share to $17.46, reflecting ongoing improvements in capital management and asset quality.
- Dividend Declaration: The Board declared a cash dividend of $0.36 per share, payable on May 7, 2026, to shareholders of record as of April 27, 2026, demonstrating the company's commitment to shareholder returns and confidence in its financial health.
See More
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.
See More
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.
See More
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.
See More
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.
See More
