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Union Bankshares posts 2Q profit

RICHMOND, Va. (AP) _ Union Bankshares Corp. (UBSH) on Wednesday reported second-quarter earnings of $18 million.

The bank, based in Richmond, Virginia, said it had earnings of 41 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 46 cents per share.

The holding company for Union First Market Bank posted revenue of $99.3 million in the period. Its adjusted revenue was $87.1 million.

Union Bankshares shares have fallen almost 6 percent since the beginning of the year. The stock has risen 30 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBSH at https://www.zacks.com/ap/UBSH


Keywords: Union Bankshares, Earnings Report