Despite Some Improvement, Union Bankshares Inc Faces Challenges with Declining Earnings and Profitability
Union Bankshares Inc recently announced its earnings for the three months and year ended December 31, 2023, revealing softer results compared to the previous year. The regional banks company reported a decrease in income by -11.66% to $0.67 per share and a decrease in revenue by -4.277% to $12.11 million year on year. However, there was a slight improvement in revenue and earnings from the preceding quarter, with revenue growing by 3.02% and earnings increasing by 21.17%.Net earnings for the financial period ending December 31, 2023, fell by -15.28% to $6.528 million compared to the corresponding peri https://csimarket.com/stocks/despite_some_improvement_union_bankshares_inc_faces_challenges_with_declining_earnings_and_profitability?utm_source=dlvr.it&utm_medium=tumblr