Union Bankshares

Union Bankshares, Inc. operates as a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and asset management & trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans. The company was founded in 1891 and is headquartered in Morrisville, VT.

Earnings data Q1 2021

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Earnings data Q1 2024

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Union Bankshares, Inc. is a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and wealth management and trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans. The company was founded in 1891 and is headquartered in Morrisville, VT.

Interest rate cuts and tight local labor markets will drive Union Bankshares' loan growth. However, elevated home prices may put a dampener on growth. The recent balance sheet repositioning and the ongoing down-rate cycle will lift the margin. The December 2025 target price suggests a mid-single-digit upside from the October 28 closing price.

Union Bankshares: Earnings Likely To Recover Soon; Dividend Yield Of 4.9%

MORRISVILLE, Vt., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2024 was $1.3 million, or $0.29 per share, compared to $2.5 million, or $0.56 per share, for the same period in 2023, and $5.8 million, or $1.27 per share, for the nine months ended September 30, 2024, compared to $8.2 million, or $1.82 per share for the same period in 2023. The decrease in earnings for the comparison periods was primarily due to the impact of the previously announced strategic balance sheet repositioning executed during the third quarter. The Company's wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for a pre-tax realized loss of $1.3 million, which was recorded in the third quarter of 2024.

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2024 and Declares Quarterly Dividend

MORRISVILLE, Vt., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced the completion of a balance sheet repositioning related to its investment securities portfolio.

Union Bankshares Announces Balance Sheet Repositioning

MORRISVILLE, Vt., July 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2024 was $2.0 million, or $0.45 per share, compared to $2.7 million, or $0.60 per share, for the same period in 2023, and $4.4 million, or $0.98 per share, for the six months ended June 30, 2024, compared to $5.7 million, or $1.26 per share for the same period in 2023.

Union Bankshares Announces Earnings for the three and six months ended June 30, 2024 and Declares Quarterly Dividend

MORRISVILLE, Vt., April 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended March 31, 2024 was $2.4 million, or $0.53 per share, compared to $3.0 million, or $0.66 cents per share, for the same period in 2023, a decrease of $560 thousand, or 18.8%.

Union Bankshares Announces Earnings for the three months ended March 31, 2024 and Declares Quarterly Dividend

MORRISVILLE, Vt., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2023 and declared a regular quarterly cash dividend.

Union Bankshares Announces Earnings for the three months and year ended December 31, 2023 and Declares Quarterly Dividend

Regional banks have been heavily impacted by the economic downturn, but their actual performance remains relatively strong, not all banks are created equal. Union Bankshares, Inc. offers a high and growing dividend income source and share prices have increased in the past two months while the market has been crushed. The bank has a strong track record and is expected to weather the margin storm and continue to be attractive to investors.

Dividend Growth Investors: Big Income With Union Bankshares

MORRISVILLE, Vt., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2023 and declared a regular quarterly cash dividend.

Union Bankshares Announces Earnings for the three months and nine months ended September 30, 2023 and Declares Quarterly Dividend

MORRISVILLE, Vt., July 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2023 was $2.7 million, or $0.60 per share, compared to $2.9 million, or $0.65 cents per share, for the same period in 2022, and $5.7 million, or $1.26 per share, for the six months ended June 30, 2023, compared to $5.4 million, or $1.20 per share for the same period in 2022.

Union Bankshares Announces Earnings for the three months and six months ended June 30, 2023 and Declares Quarterly Dividend

Union Bankshares, Inc. had a nice start with its steady revenue growth and decent margins. Its excellent financial positioning remains one of its sturdy cornerstones.

Union Bankshares: Uniting Growth And Sustainability Makes The Stock Enticing

Union Bankshares has a multi-decade track record of delivering positive bottom-line results. The company is paying a well-covered dividend with a yield of almost 7%.

Union Bankshares: Highly Profitable Regional Bank With Attractive Dividend Yield

MORRISVILLE, Vt., April 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $3.0 million, or $0.66 per share compared to $2.5 million, or $0.55 per share, for the same period in 2022, an increase of $495 thousand, or 20.0%.

Union Bankshares Announces Earnings for the three months ended March 31, 2023 and Declares Quarterly Dividend

MORRISVILLE, Vt., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2022. Net income was $3.4 million and $12.6 million for the three months and year ended December 31, 2022 resulting in earnings per share of $0.77 and $2.81 for the same periods, respectively.

Union Bankshares Announces Earnings for the three months and year ended December 31, 2022 and Declares Quarterly Dividend

Thanks to the recent improvement in the deposit mix, the deposit beta has declined. This will help the margin expand further in the quarters ahead. Strong regional job markets will likely play a key role in loan growth.

Union Bankshares: Over 5% Dividend Yield With Apparently Secure Dividends

MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2022 was $3.8 million, or $0.84 per share, compared to $3.9 million, or $0.87 cents per share, for the same period in 2021, and $9.2 million, or $2.04 per share, for the nine months ended September 30, 2022, compared to $9.8 million, or $2.18 per share for the same period in 2021.

Union Bankshares Announces Earnings for the three months and nine months ended September 30, 2022 and Declares Quarterly Dividend

Regional economic factors will drive loan growth. Higher interest rates will decrease the noninterest income as well as equity book value. Margin will be little affected by rate changes.

Union Bankshares: Attractive Dividend Appears Secure Despite The Chances Of An Earnings Decline

MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2022 was $2.9 million, or $0.65 per share, compared to $3.0 million, or $0.67 cents per share, for the same period in 2021, and $5.4 million, or $1.20 per share, for the six months ended June 30, 2022, compared to $5.9 million, or $1.31 per share for the same period in 2021.

Union Bankshares Announces Earnings for the three months and six months ended June 30, 2022 and Declares Quarterly Dividend

MORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $2.5 million, or $0.55 per share compared to $2.9 million, or $0.64 cents per share, for the same period in 2021, a decrease of $394 thousand, or 13.7%.

Union Bankshares Announces Earnings for the three months ended March 31, 2022 and Declares Quarterly Dividend

MORRISVILLE, Vt., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2021. Net income was $3.4 million and $13.2 million for the three months and year ended December 31, 2021, resulting in earnings per share of $0.76 and $2.94 for the same periods, respectively.

Union Bankshares Announces Earnings for the year ended December 31, 2021 and Declares 6.1% Increase in Quarterly Dividend

MORRISVILLE, Vt., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2021 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2021 was $3.9 million, or $0.87 per share, compared to $4.1 million, or $0.92 per share, for the same period in 2020 and $9.8 million, or $2.18 per share, for the nine months ended September 30, 2021, compared to $9.0 million, or $2.01 per share, for the same period in 2020.

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2021 and Declares Quarterly Dividend

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I remain cautious about equity valuations. Bank valuations today are in line with historic averages.

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MORRISVILLE, Vt., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) is pleased to announce that the Company has completed a private placement of $16.5 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2031 (the “Notes”) to certain qualified institutional buyers and accredited investors.

Union Bankshares Announces Completion of $16.5 Million Private Placement of Subordinated Notes

MORRISVILLE, Vt., July 21, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2021 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2021 were $3.0 million, or $0.67 per share, compared to $2.7 million, or $0.60 per share, for the same period in 2020 and $5.9 million, or $1.31 per share, for the six months ended June 30, 2021, compared to $4.9 million, or $1.09 per share, for the same period in 2020.

Union Bankshares Announces Earnings for the three and six months ended June 30, 2021 and Declares Quarterly Dividend

MORRISVILLE, Vt., April 21, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2021 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $2.9 million, or $0.64 per share compared to $2.2 million, or $0.49 cents per share, for the same period in 2020, an increase of $680 thousand, or 30.9%.

Union Bankshares Announces Earnings for the three months ended March 31, 2021 and Declares Quarterly Dividend

Strong 2020 performance despite the pandemic, with improving quality metrics.

News for Union Bankshares Stock (UNB)