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Stock impact report

Union Bankshares Announces First Quarter Ended March 31, 2019 Earnings and Quarterly Dividend Payment

Union Bankshares, Inc. (UNB) 
US:NASDAQ Investor Relations: investors.bankatunion.com
Company Research Source: GlobeNewswire
MORRISVILLE, Vt., April 17, 2019 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2019 and declared a regular quarterly cash dividend.  Consolidated net income for the first quarter of 2019 was $2.6 million, or $0.59 per share, compared to $2.7 million, or $0.62 per share, for the same period in 2018.  Consolidated net income for the first quarter of 2018 included onetime increases to income that did not occur in 2019. Interest income was $8.7 million for three months ended March 31, 2019 compared to $7.6 million for the three months ended March 31, 2018, an increase of $1.1 million, or 14.3%. The increase during the comparison period is the result of increased volumes of interest earning assets, and the impact of prime rate increases.   Interest expense was $1.2 million for three months ended March 31, 2019 compared to $647 thousand for the three months ended March 31, 2018, an increase of $583 thousand, or 90.1 Show less Read more
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