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UNION BANKSHARES INC (UNB) filed an 8-K current report with the SEC on April 17, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). April 15, 2026 press release covers Union Bankshares’ fiscal-year results.
UNION BANKSHARES INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- April 15, 2026 press release covers Union Bankshares’ fiscal-year results
- Corrected press release issued April 17, 2026, requiring investors to use the revised figures
- Financial metrics and management commentary are contained in Exhibit 99.1
Item EX-99.1 · Exhibit EX-99.1
- Q1 2026 net income $3.0M, or $0.65 per share, up from $2.5M and $0.55 per share
- Net interest income increased $1.0M, or 10.0%, supported by larger earning assets and higher asset yields
- Total assets grew 6.6% to $1.63B, driven by investment securities rising 26.4% to $315.6M
- Funding risk increased as FHLB advances rose to $311.0M while deposits reached $1.20B, including $31.8M brokered deposits
- Quarterly dividend $0.36 per share payable May 7, 2026; corrected prior-period deposits to $1.18B from incorrectly reported $1.81B
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