Union Bankshares (UNB) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $2.9 million ($0.61/share), up from $2.4 million ($0.53/share) in Q2 2025; six-month net income was $5.9 million ($1.26/share), up from $4.9 million ($1.08/share) year-over-year.

• Strong balance sheet growth, disciplined execution, and increased book value per share highlighted.

• Leadership transition underway, with confidence in management and future positioning.

Financial highlights

• Total assets grew 5.3% year-over-year to $1.56 billion as of June 30, 2026.

• Investment securities rose 27% to $308.0 million; loans outstanding reached $1.12 billion.

• Net interest income for Q2 2026 was $11.6 million, up 11.2% from Q2 2025.

• Noninterest income for Q2 2026 was $3.2 million, including a one-time $380,000 gain on a branch sale.

• Noninterest expenses increased 9.3% to $11.5 million, mainly due to higher salaries and wages.

Outlook and guidance

• Management expresses confidence in future performance, citing strong asset quality and a talented team.

• Forward-looking statements note risks from economic conditions, interest rates, inflation, and regulatory changes.