Positive earnings and credit trends are offset by a sharp decline in deposits, which could signal funding instability. Traders should monitor next quarter’s deposit trends and funding mix; the elevated book value growth may attract attention, but structural funding risks remain.
Price Chart
Executive Summary
Union Bankshares (UNB) reported Q1 2026 earnings with revenue and EPS growth, driven by higher net interest income and a credit loss benefit, while also declaring a $0.36 per share dividend. Despite strong book value growth, total deposits declined significantly year-over-year, raising funding concentration concerns.
Key Financial Metrics
Key Facts
- Q1 2026 net income: $3.0M ($0.65/share) vs. $2.5M ($0.55/share) in Q1 2025
- Net interest income up 10.0% to $10.5M (interest income +6.8%, interest expense +2.6%)
- Credit loss benefit of $325K in Q1 2026 vs. expense of $235K in Q1 2025
- Total deposits down sharply to $1.20B from $1.81B YoY (-33.7%)
- Declared quarterly dividend of $0.36 per share, payable May 7, 2026
- Book value per share up 13.1% to $17.46; stock price $112M market cap implies ~6.4x P/B
Financial Impact
Earnings up 20% YoY; dividend yield ~2.1% annualized based on current market cap
Risk Factors
- Significant deposit outflow ($610M decline YoY) increases reliance on brokered deposits and FHLB advances
- Forward-looking statements expose results to macro risks including interest rate volatility and economic downturn
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3274825 |
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 6d 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
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