Union Bankshares Announces Earnings for the three and nine months ended September 30, 2024 and Declares Quarterly Dividend
Union Bankshares, Inc. (UNB)
US:NASDAQ Investor Relations:
investors.bankatunion.com
Company Research
Source: GlobeNewswire
MORRISVILLE, Vt., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2024 was $1.3 million, or $0.29 per share, compared to $2.5 million, or $0.56 per share, for the same period in 2023, and $5.8 million, or $1.27 per share, for the nine months ended September 30, 2024, compared to $8.2 million, or $1.82 per share for the same period in 2023. The decrease in earnings for the comparison periods was primarily due to the impact of the previously announced strategic balance sheet repositioning executed during the third quarter. The Company's wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for a pre-tax realized loss of $1.3 million, which was recorded in the third quarter of 2024. Ba
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UNB
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/7/24 - Form 8-K
- UNB's page on the SEC website