Watch for further AOCI deterioration given the $40.7M unrealized loss on the securities portfolio — if rates stay elevated, book value could continue declining. The strong loan growth and lower credit costs are positive, but the decline in noninterest income and mortgage banking gains bears monitoring in Q4.
Price Chart
Executive Summary
Union Bankshares reported Q3 2026 net income of $3.8M ($0.77 EPS) vs $3.4M ($0.75) a year ago, a 9.7% YoY increase. Net interest income grew 10% to $12.1M, credit loss expense dropped sharply to $34K from $313K, and the company maintained its $0.36 quarterly dividend. The quarter shows steady operational improvement driven by loan growth and lower credit costs, though noninterest income declined and book value per share fell to $15.94 from $16.95 due to larger AOCI losses on the securities portfolio.
Key Financial Metrics
Key Facts
- Q3 2026 net income $3.8M vs $3.4M YoY (+9.7%)
- EPS $0.77 vs $0.75 YoY (+2.7%)
- Net interest income $12.1M, up 10.0% YoY
- Credit loss expense fell to $34K from $313K YoY
- Total assets $1.64B, up 4.0% YoY
- Loan portfolio grew $52.5M to $1.23B
- Book value per share declined to $15.94 from $16.95 due to AOCI loss of $40.7M
- Quarterly dividend maintained at $0.36 per share
- Noninterest income declined to $2.8M from $3.3M YoY
Financial Impact
Net income up $332K YoY; net interest income up $988K; credit loss expense down $279K
Risk Factors
- AOCI losses on securities portfolio increased to $40.7M from $27.5M, pressuring book value
- Noninterest income declined 15% YoY, driven by lower mortgage banking gains
- Brokered deposits rose to $110.8M from $65.3M, indicating reliance on more expensive funding
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000706863-26-000087 |
| Document: unb-20261021.htm | 0000706863-26-000087 |
| Document: 0000706863-26-000087-index-headers.html | 0000706863-26-000087 |
| Document: 0000706863-26-000087-index.html | 0000706863-26-000087 |
| Document: 0000706863-26-000087.txt | 0000706863-26-000087 |
| 8-K Data (Synthetic) | 0000706863-26-000087 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $22.82 $23.04 | ▲ +0.94% | ▲ +1.47% | $23.45 (+2.76%) |
Oct 21, 2026 5d ago | Press Release | $22.82 $23.04 | ▲ +0.94% | ▲ +1.47% | $23.45 (+2.76%) |
Jul 15, 2026 14w ago | Press Release | $25.30 $25.70 | ▲ +1.58% | ▲ +2.12% | $23.45 (−7.31%) |
Jul 15, 2026 14w ago | 8-K | $25.30 $25.70 | ▲ +1.58% | ▲ +2.12% | $23.45 (−7.31%) |
May 21, 2026 22w ago | 8-K | $23.12 $23.79 | ▲ +2.90% | ▲ +2.45% | $23.45 (+1.43%) |
May 7, 2026 24w ago | 8-K | $24.18 $23.85 | ▼ −1.36% | ▼ −1.60% | $23.45 (−3.02%) |
Apr 15, 2026 27w ago | 8-K | $23.69 $24.32 | ▲ +2.66% | ▲ +1.45% | $23.45 (−1.02%) |
Apr 15, 2026 27w ago | Press Release | $23.57 $23.69 | ▲ +0.50% | ▲ +0.25% | $23.45 (−0.52%) |
Apr 8, 2026 28w ago | DEFA14A | $24.10 $24.04 | ▼ −0.29% | ▼ −0.86% | $23.45 (−2.72%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers