Union First Market Bankshares (UBSH) Tops Q3 EPS by 2c

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Union Bankshares Reports Third Quarter Results

October 20, 2016 7:30 AM EDT

RICHMOND, Va., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the Company or Union) (NASDAQ: UBSH) today reported net income of $20.4 million and earnings per share of $0.47 for its third quarter ended September 30, 2016.  The quarterly results represent an increase of $1.1 million, or 5.5%, in net income and an increase of $0.03, or 6.8%, in earnings per share from the second quarter.  For the nine months ended September 30, 2016, net income was $56.7 million and earnings per share was $1.29, an increase of 15.1% and 18.3%, respectively, compared to the results for the nine months ended September 30, 2015.

Unions third quarter financial results... More