Union Bankshares (UNB) Declares $0.36 Quarterly Dividend; 6.6% Yield
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Union Bankshares Announces Earnings for the three months ended March 31, 2023 and Declares Quarterly Dividend
April 19, 2023 1:36 PM EDTMORRISVILLE, Vt., April 19, 2023 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced results for the three months ended March 31, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the first quarter was $3.0 million, or $0.66 per share compared to $2.5 million, or $0.55 per share, for the same period in 2022, an increase of $495 thousand, or 20.0%.
Interest income was $13.0 million for the three months ended March 31, 2023 compared to $9.7 million for the comparable period in 2022, an increase of $3.3 million, or 34.1%, due to a combination of higher volumes of interest earning assets and higher average yields.... More
