Union First Market Bankshares (UBSH) Misses Q1 EPS by 3c

Go back to Union First Market Bankshares (UBSH) Misses Q1 EPS by 3c

Union Bankshares Reports First Quarter Results

April 20, 2015 7:30 AM EDT

RICHMOND, Va., April 20, 2015 /PRNewswire/ -- Union Bankshares Corporation (the "Company" or "Union") (NASDAQ: UBSH) today reported net income of $15.7 million and earnings per share of $0.35 for its first quarter ended March 31, 2015.  The quarterly results represent an increase of $736,000, or 4.9%, in net income and an increase of $0.02, or 6.1%, in earnings per share from the fourth quarter of 2014; excluding after-tax acquisition-related expenses of $563,000 in the prior quarter, the quarterly results represent an increase of $173,000 in operating earnings(1) and an increase of $0.01 in operating earnings per... More