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NASDAQ:FUNC

First United Q4 2023 Earnings Report

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$30.51 -0.16 (-0.52%)
As of 09:50 AM Eastern
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First United EPS Results

Actual EPS
$0.82
Consensus EPS
$0.61
Beat/Miss
Beat by +$0.21
One Year Ago EPS
N/A

First United Revenue Results

Actual Revenue
$26.98 million
Expected Revenue
$14.68 million
Beat/Miss
Beat by +$12.30 million
YoY Revenue Growth
N/A

First United Announcement Details

Quarter
Q4 2023
Time
Q4 2023 Earnings Release
Conference Call Date
Monday, February 5, 2024
Conference Call Time
6:00AM ET

First United Earnings Headlines

First United reports Q1 EPS 89c vs. 62c last year
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About First United

First United (NASDAQ:FUNC) operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit. The company loan portfolio includes commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings, such as restaurants and motels, retail buildings, and general purpose business space; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, and other secured and unsecured lines of credit and term loans. It also offers access to multi-million-dollar certificates of deposit and the Intrafi cash service, including multi-million-dollar savings and demand deposits to municipalities, businesses, and consumers; and treasury management, cash sweep, and various checking services. In addition, the company provides trust services, which includes personal trust, investment agency accounts, charitable trusts, retirement accounts, including IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning; and insurance products, brokerage services, and safe deposit and night depository facilities. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

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