Union First Market Bankshares (UBSH) Declares $0.21 Quarterly Dividend; 2.2% Yield
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Union Bankshares Reports Fourth Quarter and Full Year Results and Declares Quarterly Dividend
January 23, 2018 7:30 AM ESTRICHMOND, Va., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Union Bankshares Corporation (the Company or Union) (NASDAQ: UBSH) today reported net income of $15.2 million and earnings per share of $0.35 for its fourth quarter ended December 31, 2017. These results represent a decrease of $5.5 million, or 26.5%, and $0.12 per share, or 25.5%, compared to net income and earnings per share, respectively, from the third quarter of 2017. Net operating earnings(1) were $22.8 million and operating earnings per share(1) were $0.52 for its fourth quarter ended December 31, 2017; these operating results exclude $1.4 million in after-tax merger-related costs and $6.3 million in nonrecurring tax expenses... More
