Union Bankshares, Inc. operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit. The company also provides commercial real estate loans; consumer loans; municipal loans; commercial loans for plant and equipment, working capital, real estate renovation, and other business purposes to business owners and investors; and residential real estate loans. In addition, it offers small business administration guaranteed, and residential construction and mortgage loans; online cash management services, including account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository services; merchant credit card services; remote deposit capture services; and online mortgage application services. Further, the company provides business checking accounts; standby letters of credit, bank checks or money orders, and safe deposit boxes; ATM services; debit cards; and telephone, Internet, and mobile banking services; home improvement loans and overdraft; and asset management, fiduciary, and trust services. It offers retail banking services to individuals; and commercial banking services to small and medium sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts. The company operates 18 banking offices, 2 loan centers, and various ATMs. Union Bankshares, Inc. was founded in 1891 and is headquartered in Morrisville, Vermont.
IPO Year:
Exchange: NASDAQ
Website: ublocal.com
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 repo
MORRISVILLE, Vt., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced the completion of a balance sheet repositioning related to its investment securities portfolio. 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 an estimated after-tax realized loss of approximately $1.0 million, which will be recorded in the third quarter of 2024. Proceeds from the sale of the securities were redeployed into higher yielding bonds and funding loans that on a combined basis are expected to yield approximately 341 basis points more than the securities that we
MORRISVILLE, Vt., July 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2024 was $2.0 million, or $0.45 per share, compared to $2.7 million, or $0.60 per share, for the same period in 2023, and $4.4 million, or $0.98 per share, for the six months ended June 30, 2024, compared to $5.7 million, or $1.26 per share for the same period in 2023. Balance Sheet Total assets were $1.40 billion as of June 30, 2024 compared to $1.33 billion as of June 30, 2023, an increase of $63.7 million, or 4.8%. Loa
MORRISVILLE, Vt., April 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended March 31, 2024 was $2.4 million, or $0.53 per share, compared to $3.0 million, or $0.66 cents per share, for the same period in 2023, a decrease of $560 thousand, or 18.8%. Balance Sheet Total assets were $1.42 billion as of March 31, 2024 compared to $1.36 billion as of March 31, 2023, an increase of $55.5 million, or 4.1%. Loan growth was the primary driver of asset growth during the first quarter with total loans of $1.04 billion as
MORRISVILLE, Vt., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended December 31, 2023 was $3.0 million, or $0.68 per share, compared to $3.4 million, or $0.77 cents per share, for the same period in 2022, and $11.3 million, or $2.50 per share, for the year ended December 31, 2023, compared to $12.6 million, or $2.81 per share for the year ended December 31, 2022 Balance Sheet Total assets were $1.5 billion as of December 31, 2023 compared to $1.3 billion as of December 31, 2022, an increase o
MORRISVILLE, Vt., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2023 was $2.5 million, or $0.56 per share, compared to $3.8 million, or $0.84 cents per share, for the same period in 2022, and $8.2 million, or $1.82 per share, for the nine months ended September 30, 2023, compared to $9.2 million, or $2.04 per share for the same period in 2022. The banking industry has experienced significant volatility during 2023 with industry concerns related to liquidity, deposit outflows
MORRISVILLE, Vt., July 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2023 was $2.7 million, or $0.60 per share, compared to $2.9 million, or $0.65 cents per share, for the same period in 2022, and $5.7 million, or $1.26 per share, for the six months ended June 30, 2023, compared to $5.4 million, or $1.20 per share for the same period in 2022. Second Quarter Highlights Consolidated net income decreased $232 thousand, or 7.9%, to $2.7 million for the second quarter of 2023 compared to the se
MORRISVILLE, Vt., April 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $3.0 million, or $0.66 per share compared to $2.5 million, or $0.55 per share, for the same period in 2022, an increase of $495 thousand, or 20.0%. Interest income was $13.0 million for the three months ended March 31, 2023 compared to $9.7 million for the comparable period in 2022, an increase of $3.3 million, or 34.1%, due to a combination of higher volumes of interest earning assets and higher average yields. Interest expense was $3.1
Union Bank, which serves customers throughout Vermont and New Hampshire, transitions to Baker Hill NextGen® for commercial lending CARMEL, Ind., Feb. 13, 2023 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, today announces an expanded partnership with Union Bank of Vermont and New Hampshire. The bank has upgraded to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring. Founded in 1891 and based in Vermont, Union Bank provides person
MORRISVILLE, Vt., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2022. Net income was $3.4 million and $12.6 million for the three months and year ended December 31, 2022 resulting in earnings per share of $0.77 and $2.81 for the same periods, respectively. The Board of Directors also declared a cash dividend of $0.36 per share for the quarter, an increase of 2.9% from the cash dividend of $0.35 paid in recent prior quarters, payable February 2, 2023 to shareholders of record as of January 28, 2023. Fourth Quarter Highlights Consolidated net income increased $66 thousand, or 2.0%, to $3.4 m
Union Bankshares (NASDAQ:UNB) reported quarterly earnings of $0.45 per share. This is a 25 percent decrease over earnings of $0.60 per share from the same period last year.
By the close of today, February 01, 2024, Union Bankshares (NASDAQ:UNB) will issue a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 4.51%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 25, 2024. Union Bankshares Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Wednesday marks the last chance for investors to receive the next dividend payout from Union Bankshares (NASDAQ:UNB). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 36 cents per share. On Thursday, Union Bankshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 36 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own UNB as of the end of Wednesday's session are eligible to receive the 36 cents
Union Bankshares (NASDAQ:UNB) reported quarterly earnings of $0.68 per share. This is a 11.69 percent decrease over earnings of $0.77 per share from the same period last year.
By the close of today, November 02, 2023, Union Bankshares (NASDAQ:UNB) will issue a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 5.48%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 26, 2023. Union Bankshares Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Union Bankshares (NASDAQ:UNB) reported quarterly earnings of $0.56 per share. This is a 33.33 percent decrease over earnings of $0.84 per share from the same period last year.
As the day concludes, Union Bankshares (NASDAQ:UNB) is preparing to distribute a dividend payout of $0.36 per share, resulting in an annualized dividend yield of 6.52%. This payout is exclusive to investors who held the stock before the ex-dividend date on July 27, 2023. Union Bankshares Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child
Wednesday marks the last chance for investors to receive the next dividend payout from Union Bankshares (NASDAQ:UNB). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 36 cents per share. On Thursday, Union Bankshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 36 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own UNB as of the end of Wednesday's session are eligible to receive the 36 cents
Union Bankshares (NASDAQ:UNB) reported quarterly earnings of $0.60 per share. This is a 7.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported $12.10 million in sales this quarter. This is a 2.23 percent increase over sales of $11.84 million the same period last year.
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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 repo
MORRISVILLE, Vt., July 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2024 was $2.0 million, or $0.45 per share, compared to $2.7 million, or $0.60 per share, for the same period in 2023, and $4.4 million, or $0.98 per share, for the six months ended June 30, 2024, compared to $5.7 million, or $1.26 per share for the same period in 2023. Balance Sheet Total assets were $1.40 billion as of June 30, 2024 compared to $1.33 billion as of June 30, 2023, an increase of $63.7 million, or 4.8%. Loa
MORRISVILLE, Vt., April 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2024 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended March 31, 2024 was $2.4 million, or $0.53 per share, compared to $3.0 million, or $0.66 cents per share, for the same period in 2023, a decrease of $560 thousand, or 18.8%. Balance Sheet Total assets were $1.42 billion as of March 31, 2024 compared to $1.36 billion as of March 31, 2023, an increase of $55.5 million, or 4.1%. Loan growth was the primary driver of asset growth during the first quarter with total loans of $1.04 billion as
MORRISVILLE, Vt., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended December 31, 2023 was $3.0 million, or $0.68 per share, compared to $3.4 million, or $0.77 cents per share, for the same period in 2022, and $11.3 million, or $2.50 per share, for the year ended December 31, 2023, compared to $12.6 million, or $2.81 per share for the year ended December 31, 2022 Balance Sheet Total assets were $1.5 billion as of December 31, 2023 compared to $1.3 billion as of December 31, 2022, an increase o
MORRISVILLE, Vt., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2023 was $2.5 million, or $0.56 per share, compared to $3.8 million, or $0.84 cents per share, for the same period in 2022, and $8.2 million, or $1.82 per share, for the nine months ended September 30, 2023, compared to $9.2 million, or $2.04 per share for the same period in 2022. The banking industry has experienced significant volatility during 2023 with industry concerns related to liquidity, deposit outflows
MORRISVILLE, Vt., July 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2023 was $2.7 million, or $0.60 per share, compared to $2.9 million, or $0.65 cents per share, for the same period in 2022, and $5.7 million, or $1.26 per share, for the six months ended June 30, 2023, compared to $5.4 million, or $1.20 per share for the same period in 2022. Second Quarter Highlights Consolidated net income decreased $232 thousand, or 7.9%, to $2.7 million for the second quarter of 2023 compared to the se
MORRISVILLE, Vt., April 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $3.0 million, or $0.66 per share compared to $2.5 million, or $0.55 per share, for the same period in 2022, an increase of $495 thousand, or 20.0%. Interest income was $13.0 million for the three months ended March 31, 2023 compared to $9.7 million for the comparable period in 2022, an increase of $3.3 million, or 34.1%, due to a combination of higher volumes of interest earning assets and higher average yields. Interest expense was $3.1
MORRISVILLE, Vt., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2022. Net income was $3.4 million and $12.6 million for the three months and year ended December 31, 2022 resulting in earnings per share of $0.77 and $2.81 for the same periods, respectively. The Board of Directors also declared a cash dividend of $0.36 per share for the quarter, an increase of 2.9% from the cash dividend of $0.35 paid in recent prior quarters, payable February 2, 2023 to shareholders of record as of January 28, 2023. Fourth Quarter Highlights Consolidated net income increased $66 thousand, or 2.0%, to $3.4 m
MORRISVILLE, Vt., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2022 was $3.8 million, or $0.84 per share, compared to $3.9 million, or $0.87 cents per share, for the same period in 2021, and $9.2 million, or $2.04 per share, for the nine months ended September 30, 2022, compared to $9.8 million, or $2.18 per share for the same period in 2021. Third Quarter Highlights Consolidated net income decreased $167 thousand, or 4.3%, to $3.8 million for the third quarter of 2022 com
MORRISVILLE, Vt., July 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2022 was $2.9 million, or $0.65 per share, compared to $3.0 million, or $0.67 cents per share, for the same period in 2021, and $5.4 million, or $1.20 per share, for the six months ended June 30, 2022, compared to $5.9 million, or $1.31 per share for the same period in 2021. Second Quarter Highlights Consolidated net income decreased $60 thousand, or 2.0%, to $2.9 million for the second quarter of 2022 compared to the sec
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)
4 - UNION BANKSHARES INC (0000706863) (Issuer)