Union Bankshares Q3 profit rises on higher net interest income

Union Bankshares

21/10/2026 21:22

Overview
U.S. community bank's Q3 net income and EPS rose yr/yr
Company declared a quarterly dividend of $0.36 per share
Book value per share declined yr/yr due to higher unrealized losses on securities

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

Result Drivers
HIGHER INTEREST INCOME - Co said Q3 interest income rose due to larger earning asset base and higher interest rates
LOWER CREDIT LOSS EXPENSE - Co attributed reduced credit loss expense to loan portfolio size and mix
MORTGAGE SALES IMPACT - Co said lower gains from residential mortgage sales reduced noninterest income

Company press release: ID:nGNX3h4WFj

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.77
 
Q3 Net Income
 
$3.80 mln
 
Q3 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.)