Post by MikeTesteron Jan 24, 2025 11:48am
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Post# 36419101
Union Bankshares Inc (UNB): Navigating Through Challenges wi
Union Bankshares Inc (UNB): Navigating Through Challenges wiInteresting play on the Vermont banking scene. UNB looking solid with $1.5B in assets and steady growth. Q3 numbers were a bit soft with $1.32M net income, but their strategic balance sheet move selling lower-yielding securities for higher yield looks smart. Commercial real estate segment at $313M is their bread and butter. Might be a steady dividend play for those wanting regional bank exposure.BeyondSPX continues to deliver high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Props to them for the comprehensive breakdown.Thinking of adding a small position here. Vermont market is tight and UNB seems well-positioned. https://beyondspx.com/article/union-bankshares-inc-unb-navigating-through-challenges-with-resilience-and-innovation