Union First Market Bankshares Q4 Profit Declines - InvestingChannel

Union First Market Bankshares Q4 Profit Declines

Union First Market Bankshares Corp. (UBSH: Quote) reported fourth-quarter net income of $9.4 million or $0.37 per share, compared to $8.4 million or $0.28 per share in the comparable quarter last year. On average, nine analysts polled by Thomson Reuters expected earnings of $0.36 per share for the quarter. Analysts’ estimates typically exclude special items.

Net interest income for the quarter was $39.2 million, up from $38.5 million in the previous year quarter, while non-interest income for the same period rose to $11.84 million from $9.25 million last year.

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by RTT Staff Writer

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