Q3 Net Income Climbs 10% to $3.8M as Net Interest Income Jumps; Dividend Held at $0.36
UNB is trading near its 52-week low of $20.65 (11% above the low).
Summary
Union Bankshares earned $3.8 million, or $0.77 per share, in Q3 2026, up from $3.4 million, or $0.75 per share, a year earlier. Net interest income rose 10.0% to $12.1 million on a larger earning-asset base and higher yields, while credit loss expense fell to just $34 thousand from $313 thousand. That gain was partly offset by a $507 thousand drop in noninterest income as mortgage sale gains slipped to $553 thousand from $700 thousand. Nine-month EPS reached $2.03 versus $1.83. The board declared the usual $0.36 quarterly dividend, payable November 5 to holders of record October 31. The soft spot is book value per share, down to $15.94 from $16.95, as accumulated other comprehensive loss widened to $40.7 million from $27.5 million on securities mark-to-market. Total assets grew 4.0% to $1.64 billion and deposits rose to $1.25 billion, though brokered deposits jumped to $110.8 million from $65.3 million.
At the time of this announcement, UNB was trading at $22.98 on NASDAQ in the Finance sector, with a market capitalization of approximately $113.7M. The 52-week trading range was $20.65 to $26.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.