Union Bankshares Reports 17% Interest Income Surge, Declares Dividend

Recent earnings announcements from regional banks highlight strong financial performance and continued shareholder returns. University Bancorp reported a significant increase in 2024 net income, with earnings per share nearly doubling year-over-year and the introduction of a new quarterly dividend policy. United Bancshares posted a 52% rise in first-quarter 2025 net income, alongside improved returns on assets and equity, as well as a higher dividend payout. Union Bankshares also showed steady growth, with first-quarter 2025 net income up from the previous year, assets increasing by 7.6%, and robust loan demand boosting loans by 12.3%. All three institutions reported solid asset quality and prudent credit management, despite ongoing industry challenges in the mortgage sector. These results underscore the sector's resilience and focus on rewarding shareholders through increased dividends and stable financial metrics.