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
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(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.)