Union Bankshares Inc (UNB)
| Sector • Financial Industry • Regional Banks |
| Industry • Regional Banks |
| Sector • Financial |
revenue and Profits Increased at the UNB all along the fiscal fourth quarter of 2022
company recorded fourth quarter of 2022 operating profit of $4.261 million
Published Mar 25 2023
Goran Soko / CSIMarket.com Contributer
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company published moderate Revenue advance of 1.435 % to $12.65 million in the most recent fiscal period, earnings grew modest by 1.33 % to $0.75 year on year. Revenue decreased by -1.991 % from $12.91 million in previous period, income earnings per share decreased by -9.11 % from $0.83 per share.
Net income of $7.705 million in the most recent fiscal period fell by -46.47 % from $14.395 million in the corresponding period a year before. Union Bankshares Inc shifted it's focus on improving sales in the most recent fiscal period, as a result net margin eased to 60.91%.
Operating earnings, however, rose 6.37% to $4.261 million. Observing deeper the financial numbers for the fiscal period 2022, company announced revenue of $48.41 million and net profits of $27.86 million.
Regional Banks company explained as well, that Eps decreased by -4.45 % to $2.79 per share from $2.92 in the preceding fiscal period , told further, that Revenue decreased by -0.53 % from $48.67 million a year before.
Union Bankshares Inc is expected to report next financial recent numbers on May 01, 2023.