Monitor net interest margin trajectory and securities portfolio unrealized losses in coming quarters, as AOCI erosion is pressuring book value. The decline in mortgage banking income (gains on loan sales down $147K) bears watching for further compression.
Price Chart
Executive Summary
Union Bankshares reported Q3 2026 net income of $3.8M ($0.77/share), up from $3.4M ($0.75/share) a year ago, driven by a 10% increase in net interest income and lower credit loss expense. The company also declared a $0.36 quarterly dividend. Results reflect steady core banking performance with modest loan and deposit growth, though book value per share declined due to higher accumulated other comprehensive losses from the securities portfolio.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $3.8M vs $3.4M in Q3 2025, EPS of $0.77 vs $0.75
- Net interest income rose 10.0% to $12.1M, driven by larger earning asset base and higher rates
- Credit loss expense fell to $34K from $313K, reflecting improved loan portfolio mix
- Total assets grew 4.0% to $1.64B; loans increased $52.5M to $1.23B
- Book value per share declined to $15.94 from $16.95 due to $40.7M AOCI loss from securities fair value adjustments
- Quarterly dividend declared at $0.36 per share, payable November 5, 2026
Financial Impact
Net income up $332K YoY; net interest income up $988K; credit loss expense down $279K
Risk Factors
- Accumulated other comprehensive loss grew to $40.7M from $27.5M, pressuring tangible book value
- Noninterest income declined 15% YoY, driven by lower mortgage banking gains
- Brokered deposits increased to $110.8M from $65.3M, indicating reliance on more rate-sensitive funding
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385912 |
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
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