Union First Market Bankshares (UBSH) Tops Q3 EPS by 1c

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Go back to Union First Market Bankshares (UBSH) Tops Q3 EPS by 1c

Union Bankshares Reports Third Quarter Results

October 20, 2015 7:30 AM EDT

RICHMOND, Va., Oct. 20, 2015 /PRNewswire/ -- Union Bankshares Corporation (the "Company" or "Union") (NASDAQ: UBSH) today reported net income of $18.2 million and earnings per share of $0.40 for its third quarter ended September 30, 2015.  The quarterly results represent an increase of $2.9 million, or 18.7%, in net income and an increase of $0.06, or 17.6%, in earnings per share from the second quarter.  For the nine months ended September 30, 2015, net income was $49.3 million and earnings per share was $1.09.

"Despite economic headwinds, heightened competition and margin compression, Union continued to make sustainable progress toward our top tier financial... More