Union Bankshares

Union Bankshares, Inc. operates as a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and asset management & trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans. The company was founded in 1891 and is headquartered in Morrisville, VT.

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Union Bankshares, Inc. is a one-bank holding company for Union Bank, which engages in the provision of retail, commercial, municipal banking, and wealth management and trust services. It offers residential real estate loans, construction real estate loans, commercial real estate loans, commercial loans, consumer loans, and municipal loans. The company was founded in 1891 and is headquartered in Morrisville, VT.

MORRISVILLE, Vt., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months and year ended December 31, 2020. Net income was $3.8 million and $12.8 million for the three months and year ended December 31, 2020, resulting in earnings per share of $0.85 and $2.86 for the same periods, respectively.

Union Bankshares Reports Record Earnings for the year ended December 31, 2020 and Declares Increase in Quarterly Dividend

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Should I Avoid Union Bankshares, Inc. (UNB)?

Our small investment in this tiny regional bank is underwater. Community banks have been hit hard by COVID given they focus on traditional banking and interest rates have been hammered while borrowers are at default risk.

Union Bankshares: Still Holding

MORRISVILLE, Vt., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2020 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended September 30, 2020 was $4.1 million, or $0.92 per share, compared to $2.7 million, or $0.62 per share, for the same period in 2019 and $9.0 million, or $2.01 per share, for the nine months ended September 30, 2020, compared to $7.9 million, or $1.77 per share, for the same period in 2019.

Union Bankshares Announces Earnings for the three and nine months ended September 30, 2020 and Declares Quarterly Dividend

MORRISVILLE, Vt., July  15, 2020  (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and six months ended June 30, 2020 and declared a regular quarterly cash dividend.  Consolidated net income for the three months ended June 30, 2020 were $2.7 million, or $0.60 per share, compared to $2.5 million, or $0.56 per share, for the same period in 2019 and $4.9 million, or $1.09 per share, for the six months ended June 30, 2020, compared to $5.2 million, or $1.15 per share, for the same period in 2019.

Union Bankshares Announces Earnings for the three and six months ended June 30, 2020 and Declares Quarterly Dividend

Checking In On Union Bankshares

Union Bankshares: Why We Are Back In The Unknown Company

MORRISVILLE, Vt., Oct.  16, 2019  (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2019.  Net income for the three months ended September 30, 2019 was $2.7 million, an increase of 18.5% over the third quarter of 2018, and earnings per share was $0.62, and increase of 19.2% over the same period in 2018.   The Company's return on average assets was 1.34% and return on average equity was 15.79% for the third quarter of 2019.

Union Bankshares Reports an Increase of 19.2% in Third Quarter 2019 Earnings Per Share and Declares Quarterly Dividend

Loan book is expected to grow at a low but normal rate in 2020, which will drive net interest income.

Union Bankshares Offering High Total Return

News for Union Bankshares Stock (UNB)