Union Bankshares (UNB) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $3.8 million, or $0.77 per share, versus $3.4 million, or $0.75 per share, in Q3 2025; 9M net income was $9.7 million versus $8.3 million.

• Management cited customer relationships, service, and sound financial management as drivers of resilient earnings and expressed confidence in continued success.

Financial highlights

• Q3 net interest income rose 10.0% YoY to $12.1 million; interest income increased 6.6% to $20.4 million as earning assets and rates increased.

• 9M net interest income was $35.1 million versus $31.9 million; net income was $9.7 million versus $8.3 million.

• Q3 credit loss expense fell to $34 thousand from $313 thousand; 9M recorded a $116 thousand credit loss benefit versus $769 thousand expense in 9M 2025.

• Q3 noninterest expenses rose 2.6% to $10.6 million; income tax expense increased to $573 thousand from $414 thousand.

Outlook and guidance

• Management considers current credit loss expense appropriate for loan portfolio composition and performance, and continues monitoring macroeconomic indicators affecting borrower behavior and repayment capacity.