Union Bankshares Q1 Net Income Jumps 20% to $3M, EPS $0.65
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Union Bankshares reported strong first-quarter 2026 financial results, with net income increasing 20.1% year-over-year to $3 million, resulting in diluted EPS of $0.65 on $350K revenue. This detailed 10-Q summary provides the specific financial figures, which are critical for investors to update their models, following an 8-K filing yesterday that broadly announced strong Q1 performance and a 20% rise in net income. The growth was primarily driven by a 9.6% increase in net interest income, higher loan originations, and strategic investment purchases, despite a 10% decline in revenue from net gains on sales of loans held for sale. Investors will continue to monitor the sustainability of net interest income growth and any changes in asset quality.
At the time of this announcement, UNB was trading at $24.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $111.6M. The 52-week trading range was $20.65 to $36.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.