UNB

MORRISVILLE, Vt. (AP) — MORRISVILLE, Vt. (AP) — Union Bankshares Inc. (UNB) on Friday reported net income of $3 million in its first quarter. The bank, based in Morrisville, Vermont, said it had earnings of 65 cents per share. The bank holding company posted revenue of $22 million in the period. Its revenue net of interest expense was $13.8 million, exceeding Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNB at https://www.zacks.com/ap/UNB

MORRISVILLE, Vt., April 15, 2026 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2026 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended March 31, 2026 was $3.0 million, or $0.65 per share, compared to $2.5 million, or $0.55 per share, for the same period in 2025. Balance Sheet Total assets reached $1.63 billion as of March 31, 2026 from $1.52 billion as of March 31, 2025 representing growth of $100.3 million, or 6.6%. The increase was driven by increases in Federal funds sold and the securities portfolio. Federal funds sold and overnight deposits were $25.3 million as of March 31, 2026 compared to $8.9 million as of March 31, 2025. Investment securities increased to $315.6 million as of March 31, 2026 compared to $249.6 million as of March 31, 2025, an increase of $66.0 million, or 26.4% due to a strategic decision to pre-invest future cash flows from the portfolio during the fourth quarter of 2025. Total loan growth was modest during the comparison periods at $15.8 million or 1.3%, with outstanding balances of $1.18 billion as of March 31, 2026. Sales of qualifying mortgage loans were $24.1 million for the three months ended March 31, 2026 compared to $25.8 million for the three months ended March 31, 2025. The allowance for credit losses on loans decreased 0.5%, to $8.07 million as of March 31, 2026 compared to $8.11 million as of March 31, 2025. Asset quality remains strong and management continues to assess credit risk exposure and adjusts reserves as needed. Management believes the current credit loss expense is appropriate given the composition and performance of the loan portfolio, and continues to monitor macroeconomic indicators that may impact borrower behavior and repayment capacity. Total deposits were $1.20 billion as of March 31, 2026 compared to $1.81 billion as of March 31, 2025, and included purchased brokered deposits of $31.8 million as of March 31, 2026 and $30.5 million as of March 31, 2025. Borrowed funds consisted of Federal Home Loan Bank advances of $311.0 million as of March 31, 2026 compared to $240.7 million as of March 31, 2025. Stockholders' equity increased to $80.6 million as of March 31, 2026 compared to $70.1 million as of March 31, 2025, resulting in an increase in book value per share of 13.1% to $17.46 a...

MORRISVILLE, Vt. (AP) — MORRISVILLE, Vt. (AP) — Union Bankshares Inc. (UNB) on Thursday reported net income of $2.7 million in its fourth quarter. The Morrisville, Vermont-based bank said it had earnings of 60 cents per share. The bank holding company posted revenue of $22.2 million in the period. Its revenue net of interest expense was $13.7 million, which topped Street forecasts. For the year, the company reported profit of $11.1 million, or $2.43 per share. Revenue was reported as $53.3 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNB at https://www.zacks.com/ap/UNB

MORRISVILLE, Vt., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ – UNB) today announced results for the three months and year ended December 31, 2025, and declared a regular quarterly cash dividend. Consolidated net income for the three months ended December 31, 2025, was $2.7 million, or $0.60 per share, compared to $3.0 million, or $0.67 per share, for the same period in 2024 and $11.1 million, or $2.43 per share for the year ended December 31, 2025 compared to $8.8 million, or $1.94 per share for the same period in 2024. Earnings for the three months and year ended December 31, 2024 were reduced by the impact of the strategic balance sheet repositioning whereby 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. Balance Sheet Total assets reached $1.62 billion as of December 31, 2025, from $1.52 billion as of December 31, 2024 representing growth of $88.8 million, or 5.8%. The increase was driven primarily by the securities and loan portfolios. Investment securities increased to $328.3 million as of December 31, 2025, compared to $252.3 million as of December 31, 2024, an increase of $76.0 million, or 30.1% due to a strategic decision to pre-invest future cash flows from the portfolio during the fourth quarter of 2025. Total loan growth was modest in 2025 at $17.9 million, or 1.5%, with outstanding balances of $1.2 billion as of December 31, 2025. Sales of qualifying mortgage loans impacted loan growth for 2025. Loan sales were $143.5 million for the year ended December 31, 2025, compared to $113.5 million for the year ended December 31, 2024. The allowance for credit losses on loans increased 9.5%, to $8.4 million as of December 31, 2025, compared to $7.7 million as of December 31, 2024. Asset quality remains strong and management continues to assess credit risk exposure and adjusts reserves as needed. Management believes the current credit loss expense is appropriate given the composition and performance of the loan portfolio and continues to monitor macroeconomic indicators that may impact borrower behavior and repayment capacity. Total deposits were $1.21 billion as of December 31, 2025, compared to $1.17 billion as of December 31, 2024,...

MORRISVILLE, Vt. (AP) — MORRISVILLE, Vt. (AP) — Union Bankshares Inc. (UNB) on Friday reported net income of $3.4 million in its third quarter. The Morrisville, Vermont-based bank said it had earnings of 75 cents per share. The bank holding company posted revenue of $22.6 million in the period. Its revenue net of interest expense was $14.5 million, surpassing Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNB at https://www.zacks.com/ap/UNB

MORRISVILLE, Vt., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2025 and declared a regular quarterly cash dividend. Consolidated net income was $3.4 million and $8.3 million for the three and nine months ended September 30, 2025, respectively, compared to $1.3 million and $5.8 million for the three and nine months ended September 30, 2024, respectively. Earnings for the three and nine months ended September 30, 2024 were reduced by the impact of the strategic balance sheet repositioning whereby 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. Balance Sheet Total assets reached $1.57 billion as of September 30, 2025 from $1.52 billion as of September 30, 2024. The increase was driven primarily by loan growth, with loans increasing 5.1%, to $1.18 billion as of September 30, 2025 compared to $1.12 billion as of September 30, 2024. Investment securities also increased 6.4% to $262.4 million during the comparison period due to investment purchase activity during the period. Federal funds sold and overnight deposits declined 28.6% during the comparison period, reflecting strategic liquidity management. Despite ongoing economic uncertainty, asset quality continues to remain strong. The allowance for credit losses on loans increased 14.0% over the comparison period as a result of loan growth and proactive risk management and portfolio monitoring. The Company remains vigilant in assessing credit risk exposure and adjusting reserves as needed. Management believes the current credit loss expense is appropriate given the composition and performance of the loan portfolio, and continues to monitor macroeconomic indicators that may impact borrower behavior and repayment capacity. In addition to the balance sheet growth in loans, qualifying residential loans of $46.0 million and $102.8 million were originated and sold to the secondary market for the three and nine months ended September 30, 2025, respectively, compared to sales of $35.2 million and $76.1 million for the three and nine months ended September 30, 2024, respectively. Total deposits were $1.19 billion as of Septem...

Explore Union Bankshares's Fair Values from the Community and select yours Revenue: US$13.0m (up 11% from 2Q 2024). Net income: US$2.40m (up 19% from 2Q 2024). Profit margin: 18% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.53 (up from US$0.45 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Union Bankshares shares are down 1.7% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Union Bankshares that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

MORRISVILLE, VT., July 16, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2025 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2025 was $2.4 million, or $0.53 per share, compared to $2.0 million, or $0.45 per share, for the same period in 2024, and $4.9 million, or $1.08 per share, for the six months ended June 30, 2025, compared to $4.4 million, or $0.98 per share, for the same period in 2024. Balance Sheet Total assets were $1.48 billion as of June 30, 2025 compared to $1.40 billion as of June 30, 2024, an increase of $81.9 million, or 5.9%. Loan growth was the primary driver of the increase in total assets with total loans increasing $99.8 million, or 9.8%, to reach $1.11 billion as of June 30, 2025 including $9.0 million in loans held for sale, compared to $1.01 billion as of June 30, 2024, with $6.2 million in loans held for sale. Despite the economic uncertainty in the future, asset quality remains strong with minimal past due loans and net recoveries of $5 thousand and $6 thousand for the three and six months ended June 30, 2025, respectively. In addition to the balance sheet growth in loans, qualifying residential loans of $31.0 million and $56.8 million were sold to the secondary market for the three and six months ended June 30, 2025, respectively, compared to sales of $19.3 million and $41.0 million for the three and six months ended June 30, 2024, respectively. Total deposits were $1.10 billion as of June 30, 2025 compared to deposits of $1.05 billion as of June 30, 2024, and included purchased brokered deposits of $65.3 million and $65.0 million for the respective periods. Borrowed funds consisted of Federal Home Loan Bank advances of $270.7 million as of June 30, 2025 compared to $212.1 million as of June 30, 2024. There were also $35.0 million in advances from the Federal Reserve's Bank Term Funding Program outstanding as of June 30, 2024. The Company had total equity capital of $71.3 million and a book value per share of $15.66 as of June 30, 2025 compared to $64.0 million and a book value of $14.16 per share as of June 30, 2024. Total equity capital is reduced by accumulated other comprehensive loss as it relates to the fair market value adjustment for investment securities. Accumulated other compreh...

MORRISVILLE, Vt. (AP) — MORRISVILLE, Vt. (AP) — Union Bankshares Inc. (UNB) on Wednesday reported net income of $2.4 million in its second quarter. The bank, based in Morrisville, Vermont, said it had earnings of 53 cents per share. The bank holding company posted revenue of $21.5 million in the period. Its revenue net of interest expense was $13.2 million, which topped Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNB at https://www.zacks.com/ap/UNB

Revenue: US$12.5m (up 6.7% from 1Q 2024). Net income: US$2.50m (up 3.5% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). EPS: US$0.55 (up from US$0.54 in 1Q 2024). We've discovered 1 warning sign about Union Bankshares. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Union Bankshares shares are down 2.7% from a week ago. Before we wrap up, we've discovered 1 warning sign for Union Bankshares that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

MORRISVILLE, Vt., April 16, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2025 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended March 31, 2025 was $2.5 million, or $0.55 per share, compared to $2.4 million, or $0.53 per share, for the same period in 2024. Balance Sheet Total assets were $1.52 billion as of March 31, 2025 compared to $1.42 billion as of March 31, 2024, an increase of $107.2 million, or 7.6%. Loan demand was strong in 2024 and through the first three months of 2025 resulting in an increase of $128.0 million, or 12.3 %, to reach $1.16 billion as of March 31, 2025 including $4.1 million in loans held for sale, compared to $1.04 billion as of March 31, 2024, with $3.4 million in loans held for sale. Despite the economic uncertainty in the future, asset quality remains strong with minimal past due loans and net recoveries of $1 thousand for each of the periods ended March 31, 2025 and March 31, 2024. In addition to the balance sheet growth in loans, qualifying residential loans of $25.8 million were sold to the secondary market for the three months ended March 31, 2025 compared to sales of $21.7 million for the three months ended March 31, 2024. Total deposits were $1.18 billion as of March 31, 2025 compared to deposits of $1.17 billion as of March 31, 2024, and included brokered deposits of $31.0 million and $101.5 million for the respective periods. Borrowed funds consisted of Federal Home Loan Bank advances of $240.7 million as of March 31, 2025 compared to $115.7 million as of March 31, 2024. There were also $35.0 million in advances from the Federal Reserve's Bank Term Funding Program outstanding as of March 31, 2024. The Company had total equity capital of $70.1 million and a book value per share of $15.44 as of March 31, 2025 compared to $63.8 million and a book value of $14.12 per share as of March 31, 2024. Total equity capital is reduced by accumulated other comprehensive loss as it relates to the fair market value adjustment for investment securities. Accumulated other comprehensive loss as of March 31, 2025 was $31.4 million compared to $34.9 million as of March 31, 2024. Income Statement Consolidated net income was $2.5 million for the first quarter of 2025 compared to $2.4 million for the first quarter of 20...

Revenue: US$47.2m (down 2.3% from FY 2023). Net income: US$8.76m (down 22% from FY 2023). Profit margin: 19% (down from 23% in FY 2023). The decrease in margin was primarily driven by higher expenses. EPS: US$1.94 (down from US$2.50 in FY 2023). The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. Net interest margin (NIM): 2.77% (down from 2.88% in FY 2023). Cost-to-income ratio: 77.6% (up from 72.8% in FY 2023). Non-performing loans: 0.16% (down from 0.20% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Union Bankshares shares are up 5.1% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Union Bankshares that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.