Union Bankshares, Inc. (UNB) Reports Q1 EPS of $0.40
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Union Bankshares Announces First Quarter Ended March 31, 2014 Earnings and Quarterly Dividend Payment
April 16, 2014 3:23 PM EDTMORRISVILLE, Vt., April 16, 2014 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (Nasdaq: UNB) today announced Net Income for the quarter ended March 31, 2014 of $1.76 million, or $.40 per share, compared to $1.74 million, or $.39 per share, for 2013. Net income increased $27 thousand, or 1.6%, despite an increase in the provision for loan losses of $15 thousand, or 25%, a reduction in noninterest income of $193 thousand, or 8.9%, and an increase in salaries and wages of $90 thousand, or 4.2%. However, these items were positively offset by an increase in net interest income of $246 thousand, or 4.7%, and a net reduction of $80 thousand, or 2.6% in noninterest expenses excluding... More
