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First United Corporation Announces First Quarter 2021 Earnings


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 inte ....

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