Union Bankshares (UNB) Reports Q1 EPS of $0.42
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Union Bankshares Announces First Quarter Ended March 31, 2015 Earnings and Quarterly Dividend Payment
April 15, 2015 3:00 PM EDTMORRISVILLE, Vt., April 15, 2015 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (Nasdaq: UNB) today announced Net Income for the quarter ended March 31, 2015 of $1.88 million, or $.42 per share, compared to $1.76 million, or $.40 per share, for 2014. Net income increased $120 thousand, or 6.8%, despite an increase in the provision for loan losses of $25 thousand, or 33%, a net increase in noninterest expenses of $201 thousand, or 3.9%, and an increase in income tax expense of $43 thousand, or 2.4%. These items were positively offset by an increase in net interest income of $17 thousand and an increase in noninterest income of $372 thousand, or 18.9%. Noninterest income increased... More
Union Bankshares Announces First Quarter Ended March 31, 2015 Earnings and Quarterly Dividend Payment
April 15, 2015 3:00 PM EDTMORRISVILLE, Vt., April 15, 2015 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (Nasdaq: UNB) today announced Net Income for the quarter ended March 31, 2015 of $1.88 million, or $.42 per share, compared to $1.76 million, or $.40 per share, for 2014. Net income increased $120 thousand, or 6.8%, despite an increase in the provision for loan losses of $25 thousand, or 33%, a net increase in noninterest expenses of $201 thousand, or 3.9%, and an increase in income tax expense of $43 thousand, or 2.4%. These items were positively offset by an increase in net interest income of $17 thousand and an increase in noninterest income of $372 thousand, or 18.9%. Noninterest income increased... More
