UNION BANKSHARES INC — Form 8-K
Filed July 15, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 38/100
What the filing says
Union Bankshares reported Q2 2026 net income of $2.9M ($0.61/share), up 21% from $2.4M ($0.53/share) in Q2 2025; H1 2026 net income $5.9M ($1.26/share) vs $4.9M ($1.08/share) in H1 2025. Total assets grew 5.3% YoY to $1.56B; stockholders' equity increased 26.8% to $90.4M. David Silverman transitioned from CEO to Board Chair; Jeffrey Weidley assumed CEO role. Board declared $0.36/share quarterly dividend for August 6, 2026 payout.
Why this rating
Solid earnings growth and balance sheet expansion are positive; leadership transition is orderly with continuity messaging. At ~$107M market cap, $2.9M quarterly earnings and 5.3% asset growth represent decent momentum. However, earnings remain modest in absolute terms and growth is moderate, not transformational. Routine quarterly results with standard dividend.
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