Union First Market Bankshares (UBSH) Misses Q4 EPS by 1c

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Go back to Union First Market Bankshares (UBSH) Misses Q4 EPS by 1c

Union Bankshares Reports Fourth Quarter And Full Year Results

January 20, 2016 7:30 AM EST

RICHMOND, Va., Jan. 20, 2016 /PRNewswire/ -- Union Bankshares Corporation (the "Company" or "Union") (NASDAQ: UBSH) today reported net income of $17.8 million and earnings per share of $0.40 for its fourth quarter ended December 31, 2015.  For the year ended December 31, 2015, net income was $67.1 million and earnings per share was $1.49.

"Union delivered solid earnings in the fourth quarter despite the impact of OREO valuation adjustments related to two long held properties recorded during the period," said G. William Beale, president and chief executive officer for Union Bankshares Corporation. "During the fourth quarter and... More