Union Bankshares Inc. full year net income rises 26% to USD 11.1 million in 2025

Reuters
Feb 06
Union Bankshares Inc. full year net income rises 26% to USD 11.1 million in 2025

Union Bankshares Inc. reported consolidated net income of USD 11.1 million for the full year 2025, or USD 2.43 per share, representing a significant increase of 26% compared to the prior year. For the fourth quarter of 2025, net income reached USD 2.7 million. The company declared a dividend of USD 0.36 per share, payable on February 5, 2026, to shareholders of record as of January 31, 2026. Management highlighted successful execution of its long-term strategy and noted that the prior year included a strategic bond sale that resulted in a pre-tax loss of USD 1.3 million to reposition the balance sheet. Union Bankshares Inc. cited strong credit culture, careful balance sheet positioning, and deep community relationships as key factors supporting the company’s positive momentum entering 2026. The company expressed confidence that the trends seen in 2025 can continue, supported by robust performance in its local markets and a constructive economic environment.

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