Union Bankshares, Inc. Announces Q2 2024 Financial Results and Dividend Declaration

Union Bankshares, Inc. (NASDAQ – UNB) recently shared its financial performance for the three and six months ending on June 30, 2024. The company reported consolidated net income of $2.0 million for the second quarter of 2024, showing a slight decrease from the same period in 2023. Total assets stood at $1.40 billion as of June 30, 2024, marking a 4.8% increase from the previous year. The primary driver of this growth was an increase in total loans, reaching $1.01 billion.

Additionally, Union Bankshares declared a regular quarterly cash dividend of $0.36 per share for the quarter, payable on August 1, 2024, to shareholders of record as of July 27, 2024. The Board of Directors’ decision reflects confidence in the company’s financial standing and commitment to providing returns to its shareholders. Union Bankshares, Inc., headquartered in Morrisville, Vermont, is the bank holding company parent of Union Bank. Union Bank offers commercial, retail, and municipal banking services, alongside wealth management services across northern Vermont and New Hampshire, operating through multiple banking offices and loan centers.

The company’s income statement highlights fluctuations in key financial metrics such as net interest income, credit loss expense, noninterest income, noninterest expenses, and income tax expense. While experiencing variations in these areas compared to the previous year, Union Bankshares remains focused on providing quality financial services and contributing to its communities. With a longstanding history dating back to 1891, Union Bank has been a key player in helping individuals and businesses achieve their financial goals.