Overview

* Union Bankshares ( UNB ) Q2 Consolidated net income rises 18.6% yr/yr

* Total assets increase 5.9% yr/yr, primarily due to 9.8% loan growth

* Company declares regular quarterly cash dividend of $0.36 per share

Outlook

* Company cites economic uncertainty in future

* Union Bankshares ( UNB ) highlights strong asset quality amid economic uncertainties

Result Drivers

* LOAN GROWTH - Total loans increased by 9.8%, driving asset growth, per company statement

* INTEREST INCOME - Interest income rose 13.1% due to higher yields on earning assets, according to company

* ASSET QUALITY - Strong asset quality maintained with minimal past due loans, despite economic uncertainties

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.53

Q2 Net $2.40

Income mln

Q2 $0.36

Dividend

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)