Union First Market Bankshares (UBSH) Reports Q3 EPS of $0.49

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Go back to Union First Market Bankshares (UBSH) Reports Q3 EPS of $0.49

Union Bankshares Reports Third Quarter Results

October 18, 2017 7:30 AM EDT

RICHMOND, Va., Oct. 18, 2017 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the Company or Union) (NASDAQ: UBSH) today reported net operating earnings(1) of $21.3 million and operating earnings per share(1) of $0.49 for its third quarter ended September 30, 2017; these operating results exclude $661,000 in after-tax merger-related costs.  The Company's net operating earnings and operating earnings per share for the third quarter of 2017 represent increases of $1.0 million, or 4.9%, and $0.03, or 6.5%, respectively, in each case compared to the second quarter of 2017.  For the third quarter ended September 30, 2017, net income, which includes the impact of merger-related costs, was $20.7 million, an increase of... More