Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
09 August 1999Website:
http://www.ublocal.comNext earnings report:
17 January 2025Last dividends:
25 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:00:10 GMTAnalysts recommendations
Institutional Ownership
UNB Latest News
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.
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.
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, 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 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%.
What type of business is Union Bankshares?
Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. The company also provides commercial real estate loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; small business administration guaranteed loans; residential construction and mortgage loans; municipal financing, including loans and excess deposits secured by FHLBB letters of credit; and home improvement loans and overdraft checking privileges against preauthorized lines of credit. In addition, it offers online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, positive pay and night depository services; merchant credit card services for the deposit and immediate credit of sales drafts; remote deposit capture services; and online mortgage application and consumer deposit account opening services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM cards and services; debit cards; telephone, internet, and mobile banking services, including bill pay; and wealth management, fiduciary, and trust services. It offers retail banking services to individuals; and commercial banking services to small and medium sized business corporations, limited liability companies, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
What sector is Union Bankshares in?
Union Bankshares is in the Financial Services sector
What industry is Union Bankshares in?
Union Bankshares is in the Banks - Regional industry
What country is Union Bankshares from?
Union Bankshares is headquartered in United States
When did Union Bankshares go public?
Union Bankshares initial public offering (IPO) was on 09 August 1999
What is Union Bankshares website?
https://www.ublocal.com
Is Union Bankshares in the S&P 500?
No, Union Bankshares is not included in the S&P 500 index
Is Union Bankshares in the NASDAQ 100?
No, Union Bankshares is not included in the NASDAQ 100 index
Is Union Bankshares in the Dow Jones?
No, Union Bankshares is not included in the Dow Jones index
When was Union Bankshares the previous earnings report?
No data
When does Union Bankshares earnings report?
The next expected earnings date for Union Bankshares is 17 January 2025