First United Corporation Announces Second Quarter And Year To Date 2021 Earnings prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
First United Corporation Announces First Quarter 2021 Earnings
Strong earnings per share driven by wealth management, gains, and reduced provision and core expenses
Increased dividend resulting in attractive yield
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OAKLAND, Md., May 4, 2021 /PRNewswire/ First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the Bank ), today announced earnings results for the three-month periods ended March 31, 2021 and 2020.
First Quarter 2021 Financial Highlights:
Total assets grew by $48.4 million when compared to December 31, 2020, a 2.8% increase.
Loan and deposit growth were 2.7% and 3.1%, respectively, when compared to December 31, 2020.
Net interest margin, on a fully tax equivalent ( FTE ) basis, declined to 3.11% at March 31, 2021 compared to 3.69% at March 31, 2020 and 3.34% at December 31, 2020, attributable to the lower interest rate environment, higher cas
First United Corporation Announces Fourth Quarter And Full Year 2020 Earnings
Earnings per share growth of 10% and pre-tax, pre-provision income growth of 34% year over year despite unprecedented economic environment
Strong mortgage and commercial loan production, solid wealth management income, low cost of funds and controlled expenses key contributors to strong earnings
Asset quality remains stable as borrowers recover from the impact of COVID-19
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OAKLAND, Md., Feb. 19, 2021 /PRNewswire/ First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the Bank ), today announced earnings results for the full year and three-month periods ended December 31, 2020 and 2019.
First United Corporation Announces Fourth Quarter And Full Year 2020 Earnings prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.