Union Bankshares Inc (UNB) 33.40 $UNB
Union Bankshares Holds 125th Shareholders Annual Meeting
GlobeNewswire - Tue May 31, 7:57AM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced the results of voting at the Company's 125 annual meeting of shareholders held on May 18, 2016. Approximately 87.74% of the Company's outstanding shares of stock were represented at the meeting. Incumbent directors Steven J. Bourgeois, Kenneth D. Gibbons, John M. Goodrich, Timothy W. Sargent, David S. Silverman, John H. Steel, Schuyler W. Sweet, and Cornelius J. Van Dyke were reelected to a one-year term. Dawn D. Bugbee, a current director of Union Bank, a subsidiary of Union Bankshares, Inc., was elected for the first time by the shareholders to the Union Bankshares, Inc. Board of Directors. Election of directors was by plurality vote.
UNB: 33.40 (+0.19)
Union Bankshares posts 1Q profit
Automated Insights - Wed Apr 20, 1:13PM CDT
MORRISVILLE, Vt. (AP) _ Union Bankshares Inc. (UNB) on Wednesday reported first-quarter net income of $1.8 million.
UNB: 33.40 (+0.19)
Union Bankshares Announces Year Ended and Fourth Quarter Ended December 31, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Jan 20, 1:30PM CST
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the year ended December 31, 2015 of $7.9 million, or $1.77 per share, compared to $7.7 million, or $1.73 per share, for 2014, an increase of 2.4%. Results for December 31, 2015 reflect increases in interest income of $292 thousand, or 1.2%, noninterest income of $883 thousand, or 9.9% and a reduction in interest expense of $130 thousand, or 6.0%. These positive variances were partially offset by increases in the provision for loan losses of $205 thousand, or 59.4%, noninterest expenses of $710 thousand, or 3.3%, and the provision for income taxes of $206 thousand, or 10.4%. The change in noninterest expenses was primarily due to increases of $601 thousand, or 6.7%, in Salaries and wages, $252 thousand, or 9.2% in Pension and employee benefits, $80 thousand, or 6.7% in occupancy expenses, and $201 thousand, or 12.02% in equipment expenses, offset by a reduction in other expenses of $424 thousand, or 6.0%.
UNB: 33.40 (+0.19)
Union Bankshares Announces Third Quarter Ended September 30, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Oct 21, 1:52PM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the first nine months of 2015 of $6.0 million, or $1.33 per share, compared to $5.8 million, or $1.30 per share, for 2014, an increase of 2.4%. Results for September 30, 2015 reflect increases in net interest income of $299 thousand, or 1.8%, and noninterest income of $606 thousand, or 8.9%. These positive variances were partially offset by an increase in the provision for loan losses of $100 thousand, an increase in noninterest expenses of $603 thousand, or 3.8%, and the provision for income taxes of $60 thousand, or 3.8%. The change in noninterest expenses was primarily due to increases of $386 thousand, or 5.8%, in Salaries and wages, $180 thousand, or 8.7% in Pension and employee benefits, $80 thousand, or 8.8% in occupancy expenses, and $113 thousand, or 9.2% in equipment expenses.
UNB: 33.40 (+0.19)
Union Bankshares Announces Second Quarter Ended June 30, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Jul 15, 1:51PM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the second quarter 2015 of $2.0 million, or $0.46 per share, compared to $1.9 million, or $0.43 per share, for 2014, an increase of 5.1% quarter over quarter. Results as of June 30, 2015 reflect quarter over quarter increases in net interest income of $100 thousand, or 1.8%, and noninterest income of $416 thousand, or 19.7%. These increases were partially offset by an increase in the provision for loan losses from $75 thousand for the quarter ended June 30, 2014 to $150 thousand for the same period in 2015, and increases in noninterest expenses of $286 thousand, or 5.4%, and the provision for income taxes of $57 thousand, or 11.4%. The change in noninterest expenses was primarily due to increases of $136 thousand, or 6.2%, in Salaries and wages, $65 thousand, or 9.4% in Pension and employee benefits, and $51 thousand, or 12.4% in equipment expenses.
UNB: 33.40 (+0.19)
Union Bankshares Announces First Quarter Ended March 31, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Apr 15, 2:00PM CDT
Union Bankshares, Inc. (Nasdaq:UNB) today announced Net Income for the quarter ended March 31, 2015 of $1.88 million, or $.42 per share, compared to $1.76 million, or $.40 per share, for 2014. Net income increased $120 thousand, or 6.8%, despite an increase in the provision for loan losses of $25 thousand, or 33%, a net increase in noninterest expenses of $201 thousand, or 3.9%, and an increase in income tax expense of $43 thousand, or 2.4%. These items were positively offset by an increase in net interest income of $17 thousand and an increase in noninterest income of $372 thousand, or 18.9%. Noninterest income increased in 2015 compared to 2014 primarily due to an increase in gain on sale of real estate loans of $296 thousand and an increase in service charges on deposit accounts of $66 thousand. Noninterest expenses increased $201 thousand for the quarter ended March 31, 2015 compared to the same period for 2014. The net increase was the result of an increase in salaries and wages of $77 thousand due to annual salary increases, an increase in pension and employee benefits of $67 thousand due to an increase in health and dental insurance costs, an increase in occupancy expenses of $42 thousand, an increase in equipment expenses of $19 thousand.
UNB: 33.40 (+0.19)
Nasdaq stocks posting largest volume decreases
AP - Wed Mar 25, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
SIBC: 21.40 (+0.05), UNB: 33.40 (+0.19), SSFN: 6.36 (+0.01), OVLY: 9.68 (unch), GRIF: 32.05 (-0.19), CWBC: 7.45 (-0.05), SOCB: 14.39 (-0.12), CBIN: 27.37 (+0.16), AMRK: 15.09 (+0.04), CMSB: 13.25 (+0.06), FCLF: 11.95 (+0.02)
Union Bankshares Holds 125th Shareholders Annual Meeting
GlobeNewswire - Tue May 31, 7:57AM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced the results of voting at the Company's 125 annual meeting of shareholders held on May 18, 2016. Approximately 87.74% of the Company's outstanding shares of stock were represented at the meeting. Incumbent directors Steven J. Bourgeois, Kenneth D. Gibbons, John M. Goodrich, Timothy W. Sargent, David S. Silverman, John H. Steel, Schuyler W. Sweet, and Cornelius J. Van Dyke were reelected to a one-year term. Dawn D. Bugbee, a current director of Union Bank, a subsidiary of Union Bankshares, Inc., was elected for the first time by the shareholders to the Union Bankshares, Inc. Board of Directors. Election of directors was by plurality vote.
UNB: 33.40 (+0.19)
Union Bankshares posts 1Q profit
Automated Insights - Wed Apr 20, 1:13PM CDT
MORRISVILLE, Vt. (AP) _ Union Bankshares Inc. (UNB) on Wednesday reported first-quarter net income of $1.8 million.
UNB: 33.40 (+0.19)
Union Bankshares Announces Year Ended and Fourth Quarter Ended December 31, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Jan 20, 1:30PM CST
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the year ended December 31, 2015 of $7.9 million, or $1.77 per share, compared to $7.7 million, or $1.73 per share, for 2014, an increase of 2.4%. Results for December 31, 2015 reflect increases in interest income of $292 thousand, or 1.2%, noninterest income of $883 thousand, or 9.9% and a reduction in interest expense of $130 thousand, or 6.0%. These positive variances were partially offset by increases in the provision for loan losses of $205 thousand, or 59.4%, noninterest expenses of $710 thousand, or 3.3%, and the provision for income taxes of $206 thousand, or 10.4%. The change in noninterest expenses was primarily due to increases of $601 thousand, or 6.7%, in Salaries and wages, $252 thousand, or 9.2% in Pension and employee benefits, $80 thousand, or 6.7% in occupancy expenses, and $201 thousand, or 12.02% in equipment expenses, offset by a reduction in other expenses of $424 thousand, or 6.0%.
UNB: 33.40 (+0.19)
Union Bankshares Announces Third Quarter Ended September 30, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Oct 21, 1:52PM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the first nine months of 2015 of $6.0 million, or $1.33 per share, compared to $5.8 million, or $1.30 per share, for 2014, an increase of 2.4%. Results for September 30, 2015 reflect increases in net interest income of $299 thousand, or 1.8%, and noninterest income of $606 thousand, or 8.9%. These positive variances were partially offset by an increase in the provision for loan losses of $100 thousand, an increase in noninterest expenses of $603 thousand, or 3.8%, and the provision for income taxes of $60 thousand, or 3.8%. The change in noninterest expenses was primarily due to increases of $386 thousand, or 5.8%, in Salaries and wages, $180 thousand, or 8.7% in Pension and employee benefits, $80 thousand, or 8.8% in occupancy expenses, and $113 thousand, or 9.2% in equipment expenses.
UNB: 33.40 (+0.19)
Union Bankshares Announces Second Quarter Ended June 30, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Jul 15, 1:51PM CDT
Union Bankshares, Inc. (NASDAQ:UNB) today announced Net Income for the second quarter 2015 of $2.0 million, or $0.46 per share, compared to $1.9 million, or $0.43 per share, for 2014, an increase of 5.1% quarter over quarter. Results as of June 30, 2015 reflect quarter over quarter increases in net interest income of $100 thousand, or 1.8%, and noninterest income of $416 thousand, or 19.7%. These increases were partially offset by an increase in the provision for loan losses from $75 thousand for the quarter ended June 30, 2014 to $150 thousand for the same period in 2015, and increases in noninterest expenses of $286 thousand, or 5.4%, and the provision for income taxes of $57 thousand, or 11.4%. The change in noninterest expenses was primarily due to increases of $136 thousand, or 6.2%, in Salaries and wages, $65 thousand, or 9.4% in Pension and employee benefits, and $51 thousand, or 12.4% in equipment expenses.
UNB: 33.40 (+0.19)
Union Bankshares Announces First Quarter Ended March 31, 2015 Earnings and Quarterly Dividend Payment
GlobeNewswire - Wed Apr 15, 2:00PM CDT
Union Bankshares, Inc. (Nasdaq:UNB) today announced Net Income for the quarter ended March 31, 2015 of $1.88 million, or $.42 per share, compared to $1.76 million, or $.40 per share, for 2014. Net income increased $120 thousand, or 6.8%, despite an increase in the provision for loan losses of $25 thousand, or 33%, a net increase in noninterest expenses of $201 thousand, or 3.9%, and an increase in income tax expense of $43 thousand, or 2.4%. These items were positively offset by an increase in net interest income of $17 thousand and an increase in noninterest income of $372 thousand, or 18.9%. Noninterest income increased in 2015 compared to 2014 primarily due to an increase in gain on sale of real estate loans of $296 thousand and an increase in service charges on deposit accounts of $66 thousand. Noninterest expenses increased $201 thousand for the quarter ended March 31, 2015 compared to the same period for 2014. The net increase was the result of an increase in salaries and wages of $77 thousand due to annual salary increases, an increase in pension and employee benefits of $67 thousand due to an increase in health and dental insurance costs, an increase in occupancy expenses of $42 thousand, an increase in equipment expenses of $19 thousand.
UNB: 33.40 (+0.19)
Nasdaq stocks posting largest volume decreases
AP - Wed Mar 25, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
SIBC: 21.40 (+0.05), UNB: 33.40 (+0.19), SSFN: 6.36 (+0.01), OVLY: 9.68 (unch), GRIF: 32.05 (-0.19), CWBC: 7.45 (-0.05), SOCB: 14.39 (-0.12), CBIN: 27.37 (+0.16), AMRK: 15.09 (+0.04), CMSB: 13.25 (+0.06), FCLF: 11.95 (+0.02)
