Union Bankshares Q2 net income rises 18.6%

Union Bankshares

16/07/2025 22:18

Overview

Union Bankshares Q2 Consolidated net income rises 18.6% yr/yr

Total assets increase 5.9% yr/yr, primarily due to 9.8% loan growth

Company declares regular quarterly cash dividend of $0.36 per share

Outlook

Company cites economic uncertainty in future

Union Bankshares highlights strong asset quality amid economic uncertainties

Result Drivers

LOAN GROWTH - Total loans increased by 9.8%, driving asset growth, per company statement

INTEREST INCOME - Interest income rose 13.1% due to higher yields on earning assets, according to company

ASSET QUALITY - Strong asset quality maintained with minimal past due loans, despite economic uncertainties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.53
Q2 Net Income
$2.40 mln
Q2 Dividend
$0.36


Press Release: ID:nGNXdYwxd

(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.)