Union Bankshares FY26 Q2 net income rises 22.1% to $2.9 million; net interest margin widens 12 bps to 3.01%

Reuters2026/08/07 19:22

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Union Bankshares posted Q2 net income of USD 2.9 million, up 22.1% from a year earlier; diluted EPS rose to USD 0.6.
Tax-equivalent net interest income climbed 10.8% to USD 11.87 million as net interest margin widened 0.12 percentage point to 3.01%.
Noninterest income increased 17.5% to USD 3.24 million, boosted by a USD 381,000 gain on sale of a previously closed branch property.
Noninterest expense rose 9.3% to USD 11.46 million, driven by higher salaries and wages; efficiency ratio improved to 75.87% from 77.85%.
Total assets were USD 1.56 billion at June 30, 2026; deposits fell 10% to USD 1.09 billion, while stockholders’ equity rose to USD 90.4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000706863-26-000073), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Union Bankshares FY26 Q2 net income rises 22.1% to $2.9 million; net interest margin widens 12 bps to 3.01%

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