Union Bankshares, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $109.6M
- Price
- $23.99
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.80%
- Volume
- 3.8K
About
Union Bankshares, Inc., established in 1891 and based in Morrisville, Vermont, serves as the holding company for Union Bank. This institution provides a comprehensive suite of retail, commercial, and municipal banking services across northern Vermont and New Hampshire. For individuals, offerings include various deposit accounts like checking, savings, money market, and specialized retirement/health savings accounts, in addition to certificates of deposit. Lending products encompass residential construction, mortgage, and home improvement loans. Business clients can access commercial real estate loans, financing for plant and equipment, working capital, and real estate renovation, alongside Small Business Administration (SBA) guaranteed loans. The company further delivers sophisticated cash management tools, merchant credit card processing, remote deposit capture, and business checking accounts, complemented by standby letters of credit. Additional services include asset management, fiduciary, and trust provisions. Customers manage their finances through a network of 18 banking offices, 3 loan centers, and numerous ATMs, supported by extensive telephone, internet, and mobile banking capabilities, debit cards, and online mortgage application services.
Quick stats
Shares outstanding4.6M
Computed float3.3M
Float / shares72.2%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000706863
Websitehttps://www.ublocal.com
AI Summary
AI-generated1/2
standardbullishearnings
Union Bankshares Announces Earnings for the three and six months ended June 30, 2026 and Declares Quarterly Dividend
Union Bankshares reported Q2 2026 net income of $2.9 million, or $0.61 per share, up from $2.4 million, or $0.53 per share, in the prior year, driven by an 11.2% increase in net interest income to $11.6 million.
The board declared a regular quarterly cash dividend of $0.36 per share, payable August 6, while book value per share increased 16.7% year-over-year to $18.28, supported by net proceeds of $8.6 million from at-the-market share sales.
Total assets grew 5.3% to $1.56 billion, and the company announced a leadership transition with former CEO David S. Silverman moving to Chair of the Board and Jeffrey F. Weidley continuing as President and CEO.
Asset quality remained strong with an allowance for credit losses of $8.4 million, despite noninterest expenses rising 9.3% due to higher salaries and wages.
Red flags
- Accumulated other comprehensive loss of $27.0 million indicates unrealized losses on the investment securities portfolio.
- 384,066 shares sold via ATM offering resulting in $8.6 million net proceeds represents shareholder dilution.