Union Bankshares Q4 net income falls 10%

Reuters
01/22
Union Bankshares Q4 net income falls 10%

Overview

  • Vermont-headquartered bank's Q4 net income fell to $2.7 mln from $3.0 mln yr ago

  • Total assets grew 5.8% to $1.62 bln, driven by securities and loans

  • Investment securities rose 30.1% due to strategic pre-investment

Outlook

  • Union Bankshares did not provide specific financial guidance for 2026

Result Drivers

  • ASSET GROWTH - Total assets increased by 5.8% to $1.62 bln, driven by growth in securities and loans

  • SECURITIES STRATEGY - Investment securities rose 30.1% due to strategic pre-investment of future cash flows

  • LOAN SALES IMPACT - Modest loan growth of 1.5% was impacted by sales of qualifying mortgage loans

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$0.60

Q4 Net Income

$2.70 mln

Q4 Dividend

$0.36

Press Release: ID:nGNX5vb1WF

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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