UNB Overview

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.

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.

Financial Performance: Union Bankshares, Inc. reported a consolidated net income of $3.0 million for Q4 2024, slightly down from the previous year, with an annual net income of $8.8 million, reflecting a decrease due to strategic balance sheet repositioning and increased expenses.

Balance Sheet Growth: Total assets grew to $1.53 billion as of December 31, 2024, driven by robust loan demand, while total deposits decreased to $1.17 billion, and the company declared a cash dividend of $0.36 per share for the quarter.

Market Overview: U.S. stock markets are experiencing record highs due to strong bank earnings and a positive inflation outlook, leading investors to favor dividend stocks like Timberland Bancorp for stability and income.

Dividend Stock Highlights: Several banks, including Union Bankshares and Dime Community Bancshares, are noted for their reliable dividends and potential for capital appreciation, despite some declines in net income.