Union First Market Bankshares Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported interest and dividend income of $43,315,000 compared to $45,183,000 a year ago. Net interest income was $38,613,000 compared to $39,160,000 a year ago. Income before income taxes was $10,411,000 compared to $13,359,000 a year ago. Net income was $8,105,000 compared to $9,442,000 a year ago. Diluted earnings per share were $0.32 compared to $0.37 a year ago. Return on average assets was 0.79% compared to 0.93% a year ago. Return on average equity was 7.30% compared to 8.41% a year ago. Net operating earnings (non- GAAP) was $8,756,000 or $0.35 per diluted share compared to $9,442,000 or $0.37 per diluted share a year ago.

For the year, the company reported interest and dividend income of $172,127,000 compared to $181,863,000 a year ago. Net interest income was $151,626,000 compared to $154,355,000 a year ago. Income before income taxes was $47,009,000 compared to $49,744,000 a year ago. Net income was $34,496,000 compared to $35,411,000 a year ago. Return on average assets was 0.85% compared to 0.89% a year ago. Return on average equity was 7.91% compared to 8.13% a year ago. Diluted earnings per share were $1.38 compared to $1.37 a year ago. Book value per common share was $17.56 as on December 31, 2013. Net operating earnings (non- GAAP) was $36,535,000 or $1.46 per diluted share compared to $35,411,000 or $1.37 per diluted share a year ago.

The company announced net charge-offs of loans were $4.9 million for the fourth quarter ended December 31, 2013.