Last $20.42 USD
Change Today -1.31 / -6.03%
Volume 478.0K
UBSH On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

union bankshares corp (UBSH) Snapshot

Open
$21.28
Previous Close
$21.73
Day High
$21.28
Day Low
$19.92
52 Week High
03/17/14 - $26.72
52 Week Low
01/29/15 - $19.92
Market Cap
928.2M
Average Volume 10 Days
156.5K
EPS TTM
$1.44
Shares Outstanding
45.5M
EX-Date
02/11/15
P/E TM
14.2x
Dividend
$0.60
Dividend Yield
2.84%
Current Stock Chart for UNION BANKSHARES CORP (UBSH)

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union bankshares corp (UBSH) Details

Union Bankshares Corporation operates as the bank holding company for Union First Market Bank that provides banking and related financial services to consumers and businesses in the northern, central, Rappahannock, Shenandoah, Tidewater, and Northern Neck regions of Virginia. The company operates through two segments, Community Bank and Mortgage. It accepts various deposit products, such as checking, savings, NOW, and money market accounts, as well as certificates of deposit and other depository services. The company also offers loans for commercial, industrial, residential mortgage, and consumer purposes. In addition, it provides credit cards, automated teller machine services, Internet banking services, and online bill payment services, as well as private banking and trust services to individuals and corporations. Further, the company offers securities, brokerage, and investment advisory services; mortgage loan products principally in Virginia, Maryland, North Carolina, and South Carolina, as well as in the Mid-Atlantic and Southeast states, and in Washington, D.C.; and various insurance products, including long term care insurance and business owner policies. As of December 31, 2013, it operated 90 branches in Virginia. The company was formerly known as Union First Market Bankshares Corporation and changed its name to Union Bankshares Corporation in April 2014. Union Bankshares Corporation was founded in 1902 and is headquartered in Richmond, Virginia.

union bankshares corp (UBSH) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $477.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.3K
President of Union First Market Bank
Total Annual Compensation: $305.6K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $284.8K
Executive Vice President and Director of Reta...
Total Annual Compensation: $246.2K
Compensation as of Fiscal Year 2013.

union bankshares corp (UBSH) Key Developments

Union Bankshares Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge-Offs for the Quarter Ended December 31, 2014

Union Bankshares Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $68,511,000 against $43,315,000 a year ago. Net interest income was $63,065,000 against $38,613,000 a year ago. Net interest income after provision for loan losses was $58,565,000 against $37,407,000 a year ago. Income before income taxes was $20,832,000 against $10,411,000 a year ago. Net income was $15,072,000 against $8,105,000 a year ago. Diluted earnings per common share were $0.33 against $0.32 a year ago. Return on average assets (ROA) was 0.83% against 0.79% a year ago. Return on average equity (ROE) was 6.09% against 7.30% a year ago. Return on average tangible common equity (ROTCE) was 9.17% against 8.73% a year ago. Book value per common share was $21.75 against $17.56 a year ago. Tangible book value per common share was $14.40 against $14.69 a year ago. Net operating earnings (non-GAAP) were $15,635,000 against $8,756,000 a year ago. Diluted operating earnings per share were $0.34 against $0.35 a year ago. Operating ROA was 0.86% against 0.85% a year ago. Operating ROE was 6.32% against 7.89% a year ago. Operating ROTCE was 9.51% against 9.43% a year ago. For the year, the company reported total interest and dividend income of $274,945,000 against $172,127,000 a year ago. Net interest income was $255,018,000 against $151,626,000 a year ago. Net interest income after provision for loan losses was $247,218,000 against $145,570,000 a year ago. Income before income taxes was $69,953,000 against $47,009,000 a year ago. Net income was $52,591,000 against $34,496,000 a year ago. Diluted earnings per common share were $1.14 against $1.38 a year ago. Return on average assets (ROA) was 0.73% against 0.85% a year ago. Return on average equity (ROE) was 5.34% against 7.91% a year ago. Return on average tangible common equity (ROTCE) was 8.08% against 9.51% a year ago. Net operating earnings (non-GAAP) were $66,315,000 against $36,538,000 a year ago. Diluted operating earnings per share were $1.44 against $1.46 a year ago. Operating ROA was 0.91% against 0.90% a year ago. Operating ROE was 6.74% against 8.38% a year ago. Operating ROTCE was 10.19% against 10.07% a year ago. For the quarter ended December 31, 2014, net charge-offs were $4.2 million, or 0.31% on an annualized basis, compared to $4.9 million, or 0.65%, for the same quarter last year and $1.1 million, or 0.08%, for the third quarter of 2014. Of the $4.2 million in loans charged off in the fourth quarter, $1.2 million, or 28.6%, related to impaired loans specifically reserved for in the prior period.

Union Bankshares Corporation to Report Q4, 2014 Results on Jan 28, 2015

Union Bankshares Corporation announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 28, 2015

Union Bankshares Corporation, Q4 2014 Earnings Call, Jan 28, 2015

Union Bankshares Corporation, Q4 2014 Earnings Call, Jan 28, 2015

 

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Industry Analysis

UBSH

Industry Average

Valuation UBSH Industry Range
Price/Earnings 19.5x
Price/Sales 3.5x
Price/Book 1.0x
Price/Cash Flow 21.6x
TEV/Sales 1.3x
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