Union Bankshares Reports Q1 2023 Net Income of $2.98 Million
Q1 2023 Revenue for Union Bankshares Stands at $13.04 Million
By USInMinutes
Published - Jul 21, 2023, 11:29 AM ET
Last Updated - Aug 19, 2024, 05:43 AM EDT
Union Bankshares, Inc.(UNB) has released its unaudited consolidated financial statements for the first quarter of 2023, showcasing a net income of $2.98 million and a revenue of $13.04 million. Let's delve into the details of their financial performance during this period.**
Financial Statements Review
Assets
The total assets of Union Bankshares, Inc. and its subsidiary reached $1.36 billion as of March 31, 2023. This represents a growth from $1.34 billion as of December 31, 2022. Notably, cash and cash equivalents decreased from $37.89 million to $21.82 million during the first quarter of 2023.
