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Stock impact report

Union Bankshares Reports Record Earnings for the year ended December 31, 2019 and Declares Increase in Quarterly Dividend

Union Bankshares, Inc. (UNB) 
US:NASDAQ Investor Relations: investors.bankatunion.com
Company Research Source: GlobeNewswire
MORRISVILLE, Vt., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and twelve months ended December 31, 2019.  Net income was $2.8 million and $10.6 million for the three and twelve months ended December 31, 2019, resulting in earnings per share of $0.61 and $2.38 for the same periods, respectively. The Board of Directors also declared a cash dividend of $0.32 per share for the quarter, and increase of 3.2% from the cash dividend of $0.31 paid in recent prior quarters, payable February 6, 2020 to shareholders of record as of January 27, 2020. The Company reported a consolidated net loss for the three months ended December 31, 2018 of $(436) thousand, or $(0.10) per share, and consolidated net income for the twelve months then ended of $7.1 million, or $1.58 per share.   Results for the three and twelve months ended December 31, 2018 included a reduction in net earnings due to one-time charges related to the termination o Show less Read more
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