Union First Market Bankshares (UBSH) Reports In-Line Q4 EPS

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Go back to Union First Market Bankshares (UBSH) Reports In-Line Q4 EPS

Union Bankshares Reports Second Quarter Results

July 19, 2017 7:30 AM EDT

RICHMOND, Va., July 19, 2017 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the Company or Union) (NASDAQ: UBSH) today reported net income of $18.0 million and earnings per share of $0.41 for its second quarter ended June 30, 2017.  Excluding after-tax acquisition and conversion costs of $2.4 million, net operating earnings(1) were $20.3 million and operating earnings per share(1) were $0.46 for the second quarter of 2017. The Company's net operating earnings and operating earnings per share for the second quarter of 2017 represent an increase of $1.2 million, or 6.2%, over net income and an increase of $0.02, or 4.5%, over earnings per share, in each case... More