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Stock impact report

Union Bankshares Announces First Quarter Ended March 31, 2018 Earnings and Quarterly Dividend Payment

Union Bankshares, Inc. (UNB) 
US:NASDAQ Investor Relations: investors.bankatunion.com
Company Research Source: GlobeNewswire
MORRISVILLE, Vt., April 18, 2018 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ:UNB) today announced results for the three months ended March 31, 2018 and declared a regular quarterly cash dividend.   Consolidated net income for the first quarter of 2018 was $2.7 million, or $0.62 per share, compared to $1.9 million, or $0.43 per share, for the same period in 2017. Interest income was $7.6 million for the three months ended March 31, 2018 compared to $6.8 million for the three months ended March 31, 2017, an increase of $732 thousand, or 10.7%. The increase during the comparison period is primarily the result of increased volumes of interest earning assets, and to a lesser extent the impact of prime rate increases since March 31, 2017.   Interest expense was $647 thousand for the three months ended March 31, 2018 compared to $537 thousand for the three months ended March 31, 2017, an increase of $110 thousand, or 20.5%.  Similar to the improvement in interest income, the incr Show less Read more
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