Balance Sheet

Union Bankshares reported robust 2025 full-year growth, with net income up 26.5% to $11.1 million. Total assets grew 5.8% to $1.62 billion, driven by a significant 30.1% increase in investment securities. Despite a slight dip in Q4 net income, the bank strategically repositioned its portfolio and saw strong deposit growth. Net interest income rose 12.1%, though noninterest expenses increased due to investments in salaries and operations. Book value per share strengthened by 19.7%, and a quarterly dividend of $0.36 was declared.

Flex LNG reported Q3 2025 vessel operating revenues of $85.7 million and net income of $16.8 million, with a TCE rate of $70,921 per day. The company completed drydocking for two vessels, secured a $180 million term loan, and finalized a sale and leaseback agreement. Flex LNG declared a $0.75 per share dividend, marking the seventeenth consecutive quarter. Despite near-term market softness, strong financial maneuvering, including refinancing initiatives generating $530 million, and a solid balance sheet position Flex LNG well for long-term LNG demand growth.