Union Bankshares' Q1 profit rises on higher interest income

Union Bankshares

15/04/2026 20:11

Overview

US community bank's Q1 net income rose on higher net interest income

EPS for Q1 increased to $0.65 from $0.55 a year earlier

Company declared a quarterly dividend of $0.36 per share

Outlook

Company did not provide specific guidance for future quarters or the full year in press release

Result Drivers

NET INTEREST INCOME - Increase driven by larger earning asset base and higher interest rates

CREDIT LOSS BENEFIT - Reduction in credit loss expense due to size and mix of loan portfolio

HIGHER OPERATING COSTS - Noninterest expenses rose due to increases in salaries, benefits, and equipment expenses

Company press release: ID:nGNXc58fKW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.65
Q1 Net Income
$3 mln
Q1 Dividend
$0.36


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)