Union Bankshares | 10-Q: FY2025 Q3 Revenue: USD 22.56 M

Revenue: As of FY2025 Q3, the actual value is USD 22.56 M.

EPS: As of FY2025 Q3, the actual value is USD 0.75.

EBIT: As of FY2025 Q3, the actual value is USD -7.306 M.

Interest and Dividend Income: Total interest and dividend income for the three months ended September 30, 2025 was $19.207 million, compared to $17.191 million for the same period in 2024. For the nine months ended September 30, 2025, it was $56.223 million, compared to $49.364 million in 2024.

Net Interest Income: Net interest income for the three months ended September 30, 2025 was $11.156 million, compared to $9.430 million for the same period in 2024. For the nine months ended September 30, 2025, it was $31.872 million, compared to $27.922 million in 2024.
Net Income: Net income for the three months ended September 30, 2025 was $3.436 million, compared to $1.324 million for the same period in 2024. For the nine months ended September 30, 2025, it was $8.332 million, compared to $5.760 million in 2024.
Noninterest Income: Total noninterest income for the three months ended September 30, 2025 was $3.350 million, compared to $1.605 million for the same period in 2024. For the nine months ended September 30, 2025, it was $8.549 million, compared to $6.937 million in 2024.
Noninterest Expenses: Total noninterest expenses for the three months ended September 30, 2025 were $10.343 million, compared to $9.409 million for the same period in 2024. For the nine months ended September 30, 2025, they were $30.654 million, compared to $28.413 million in 2024.

Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $14.057 million, compared to $6.392 million for the same period in 2024.
Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $22.210 million, compared to - $74.625 million for the same period in 2024.
Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $27.788 million, compared to $37.828 million for the same period in 2024.

Investment Securities Available-for-Sale: Investment securities available-for-sale were $260.404 million as of September 30, 2025, compared to $250.504 million as of December 31, 2024.

Core Business Focus: The Company plans to continue its focus on increasing net interest income through higher interest earned on average earning assets and increased average loan volume. The Company also aims to improve its net interest margin and net interest spread by managing interest rates and funding strategies.
Non-Core Business: The Company completed a balance sheet repositioning related to its investment securities portfolio during the third quarter of 2024, which involved the sale of lower-yielding AFS debt securities and the purchase of higher-yielding AFS debt securities to improve income going forward.

Strategic Initiatives: The Company has entered into an Equity Distribution Agreement with Piper Sandler & Co., allowing it to sell shares of its common stock up to an aggregate gross sale price of $40 million. This initiative is aimed at strengthening the Company’s capital base and supporting growth strategies.