Union Bankshares Announces Earnings for the Three Months Ended March 31, 2020 and Declares Quarterly Dividend
Union Bankshares, Inc. (UNB)
US:NASDAQ Investor Relations:
investors.bankatunion.com
Company Research
Source: GlobeNewswire
MORRISVILLE, Vt., April 15, 2020 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2020 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $2.2 million, or $0.49 per share, compared to $2.6 million, or $0.59 per share, for the same period in 2019. The reduction in earnings from the 2019 comparison period was due to a combination of factors including an anticipated flat interest rate environment, planned technology infrastructure spending, discretionary hiring of high value staff to allow continued growth in the franchise, continued development of newer branch locations, ongoing competition in all aspects of the business, and the initial impacts of the outbreak of the COVID-19 public health emergency. Interest income increased $185 thousand, or 2.1%, to $8.8 million for the three months ended March 31, 2020 compared to $8.6 million for the three months ended
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UNB
News
- Union Bankshares (NASDAQ:UNB) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=UNB&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street ZenMarketBeat
- Union Bankshares (NASDAQ:UNB) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Union Bankshares (NASDAQ:UNB) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
UNB
Sec Filings
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- 12/18/25 - Form 4
- UNB's page on the SEC website