Union Bankshares Reports Strong Q1 Earnings and Dividend

An update from Union Bankshares ( (UNB) ) is now available.

Union Bankshares, Inc., the Morrisville, Vt.-based parent of Union Bank, focuses on community banking and wealth management across northern Vermont and New Hampshire, with particular strength in residential mortgages and SBA lending. The institution operates 18 branches and three loan centers, underscoring its role as a key independent community bank in its region.

On April 15, 2026, Union Bankshares reported first-quarter 2026 net income of $3.0 million, or $0.65 per share, up from $2.5 million, or $0.55 per share, a year earlier, driven by higher net interest income, lower credit loss expense and modestly higher noninterest income. Total assets rose to $1.63 billion as of March 31, 2026, supported by growth in investment securities and federal funds sold, while stockholders’ equity increased to $80.6 million, and the board declared a regular quarterly cash dividend of $0.36 per share payable on May 7, 2026 to shareholders of record on April 27, 2026.

The quarter showed modest loan growth, stable asset quality and a small decline in the allowance for credit losses, suggesting management’s confidence in portfolio performance despite higher noninterest expenses and increased use of Federal Home Loan Bank advances. For investors and local stakeholders, the stronger earnings, rising book value per share and continued dividend underline the bank’s solid capital position and its ongoing capacity to support lending and community-focused activities in its core Vermont and New Hampshire markets.

Spark’s Take on UNB Stock

According to Spark, TipRanks’ AI Analyst, UNB is a Neutral.

The score is primarily constrained by weaker financial quality—especially higher balance-sheet leverage and inconsistent cash generation—alongside bearish technicals. These are partly offset by favorable valuation (low P/E and high dividend yield) and a generally positive set of recent corporate updates (stronger full-year results and continued dividends).

To see Spark’s full report on UNB stock, click here.

More about Union Bankshares

Union Bankshares, Inc., headquartered in Morrisville, Vermont, is the bank holding company for Union Bank, a community bank serving northern Vermont and New Hampshire. The company offers commercial, retail and municipal banking, along with wealth management services, and is a notable residential mortgage and small-business lender in its regional markets.

Union Bank operates 18 branches, three loan centers and multiple ATMs, and has built a long-standing reputation for home lending, community development and small-business financing. It maintains an “Outstanding” Community Reinvestment Act rating and positions itself as one of the few remaining independent community banks in Vermont and New Hampshire, emphasizing traditional banking values and local economic support.

Average Trading Volume: 10,010

Technical Sentiment Signal: Hold

Current Market Cap: $113M

Learn more about UNB stock on TipRanks’ Stock Analysis page.