Union Bankshares Q2 net profit rises on higher interest income

Union Bankshares

15/07/2026 21:14

Overview
US community bank's Q2 net income and EPS rose yr/yr
Growth driven by higher net interest and noninterest income, with modest loan growth
Book value per share rose 16.7%, aided by equity sales and lower securities losses

Outlook
Company did not provide specific guidance or forecasts for the current qtr or full yr

Result Drivers
NET INTEREST INCOME - Higher net interest income driven by a larger earning asset base and higher interest rates
NONINTEREST INCOME - Noninterest income rose, including a one-time $380,000 gain on the sale of a branch property and higher mortgage sales gains
CREDIT LOSS EXPENSE - Credit loss expense declined, reflecting the size and mix of the loan portfolio and unfunded commitments

Company press release: ID:nGNX2C8v33

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.61
 
Q2 Net Income
 
$2.90 mln
 
Q2 Dividend
 
$0.36

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(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.)