Business
Union Bankshares Announces Earnings for the three and nine months ended September 30, 2025 and Declares Quarterly Dividend
MORRISVILLE, Vt., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2025 and declared a regular quarterly cash dividend. Consolidated net income was $3.4 million and $8.3 million for the three and nine months ended September 30, 2025, respectively, compared to $1.3 million and $5.8 million for the three and nine months ended September 30, 2024, respectively. Earnings for the three and nine months ende
About this update from Union Bankshares, Inc.
[{"type":"image","alt":"Union Bankshares, Inc.","displaySize":"","headline":null,"caption":"Union Bankshares, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":29,"url":"https://media.zenfs.com/en/globenewswire.com/1b26c26dce60ad016684343bfa1f82da"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2vCbG6N4bgsYTWbqgOiIeA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/1b26c26dce60ad016684343bfa1f82da","width":300,"height":29}},"lazy":false},{"type":"text","content":"MORRISVILLE, Vt., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three and nine months ended September 30, 2025 and declared a regular quarterly cash dividend. Consolidated net income was $3.4 million and $8.3 million for the three and nine months ended September 30, 2025, respectively, compared to $1.3 million and $5.8 million for the three and nine months ended September 30, 2024, respectively. Earnings for the three and nine months ended September 30, 2024 were reduced by the impact of the strategic balance sheet repositioning whereby 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.","length":855,"tagName":"p"},{"type":"text","content":"Balance Sheet","length":13,"tagName":"p"},{"type":"text","content":"Total assets reached $1.57 billion as of September 30, 2025 from $1.52 billion as of September 30, 2024. The increase was driven primarily by loan growth, with loans increasing 5.1%, to $1.18 billion as of September 30, 2025 compared to $1.12 billion as of September 30, 2024. Investment securities also increased 6.4% to $262.4 million during the comparison period due to investment purchase activity during the period. Federal funds sold and overnight deposits declined 28.6% during the comparison period, reflecting strategic liquidity management.","length":550,"tagName":"p"},{"type":"text","content":"Despite ongoing economic uncertainty, asset quality continues to remain strong. The allowance for credit losses on loans increased 14.0% over the comparison period as a result of loan growth and proactive risk management and portfolio monitoring. The ...