Union First Market Bankshares (UBSH) Misses Q2 EPS by 3c

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Go back to Union First Market Bankshares (UBSH) Misses Q2 EPS by 3c

Union Bankshares Reports Second Quarter Results

July 21, 2015 7:30 AM EDT

RICHMOND, Va., July 21, 2015 /PRNewswire/ -- Union Bankshares Corporation (the "Company" or "Union") (NASDAQ: UBSH) today reported net income of $15.3 million and earnings per share of $0.34 for its second quarter ended June 30, 2015.  The quarterly results include $832,000, or $0.02 per share, in after-tax nonrecurring costs associated with branch closures and represent a decrease of $353,000, or 2.2%, in net income and a decrease of $0.01, or 2.9%, in earnings per share from the first quarter.  For the six months ended June 30, 2015, net income was $31.0 million with earnings per share at... More