Union Bankshares (UNB) Declares $0.35 Quarterly Dividend; 4.5% Yield
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Union Bankshares Announces Earnings for the three months ended March 31, 2022 and Declares Quarterly Dividend
April 20, 2022 2:32 PM EDTMORRISVILLE, Vt., April 20, 2022 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) ) today announced results for the three months ended March 31, 2022 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $2.5 million, or $0.55 per share compared to $2.9 million, or $0.64 cents per share, for the same period in 2021, a decrease of $394 thousand, or 13.7%.
Interest income was $9.7 million for the three months ended March 31, 2022 compared to $9.5 million for the comparable period in 2021, an increase of $226 thousand, or 2.4%, due to higher volumes of interest earning assets partially offset by lower average yields. Conversely,... More
