Union Bankshares FY26 Q2 net income rises 22.1% to $2.9 million; net interest margin widens 12 bps to 3.01% - UNB News | RalliesUnion Bankshares FY26 Q2 net income rises 22.1% to $2.9 million; net interest margin widens 12 bps to 3.01%
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UNB• Second-quarter results improve on wider margin
- Union Bankshares posted Q2 net income of $2.9 million, up 22.1% from a year earlier; diluted EPS rose to $0.60.
- Tax-equivalent net interest income climbed 10.8% to $11.87 million as net interest margin widened 0.12 percentage point to 3.01%.
- Noninterest income increased 17.5% to $3.24 million, boosted by a $381,000 gain on sale of a previously closed branch property.
- Noninterest expense rose 9.3% to $11.46 million, driven by higher salaries and wages; the efficiency ratio improved to 75.87% from 77.85%.
- Total assets were $1.56 billion at June 30, 2026; deposits fell 10% to $1.09 billion, while stockholders’ equity rose to $90.4 million.
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