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First United Corporation Announces Fourth Quarter 2021 Dividend
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First United Corporation Announces Second Quarter And Year To Date 2021 Earnings
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First United Corporation Announces Third Quarter 2021 Dividend
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First United Corporation Announces Third Quarter 2021 Dividend
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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