Latest First United Corp (FUNC) Headlines
First United Corporation Announces 2013 Fourth Quarter And Year End Earnings
PR Newswire - Wed Mar 05, 3:34PM CST
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders of $4.7 million for the year ended December 31, 2013, compared to net income available to common shareholders of $3.0 million for the year ended December 31, 2012. Basic and diluted net income per common share for the year ended December 31, 2013 was $.75, compared to basic and diluted net income per common share of $.48 for the year ended December 31, 2012. The increase in net income for 2013 when compared to 2012 was attributable to an $8.0 million increase in net interest income after provision for loan losses driven by reduced charge-off activity. This increase was offset by a decrease in other operating income of $2.1 million primarily attributable to a $1.5 million decline in net gains and a decrease of $.8 million in bank-owned life insurance ("BOLI") income driven by a one-time death benefit of $.7 million that was received in March 2012. The increase was also offset by a $2.9 million increase in other operating expenses, due primarily to a $2.0 million increase in other real estate owned ("OREO") expenses, and a $1.3 million increase in tax expense. The net interest margin for the year ended December 31, 2013, on a fully tax equivalent ("FTE") basis, decreased to 3.25% from 3.30% for the year ended December 31, 2012.
First United Corporation Announces 3rd Quarter 2013 Earnings
PR Newswire - Fri Nov 08, 3:27PM CST
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders was $4.3 million for the first nine months of 2013, compared to net income available to common shareholders of $.6 million for the same period of 2012. Basic and diluted net income per common share for the first nine months of 2013 was $.69, compared to basic and diluted net income per common share of $.10 for the same period of 2012. The increase in earnings was primarily due to a $9.4 million decrease in the provision for loan losses during the first nine months of 2013 when compared to the same time period of 2012. This decrease was offset by a $.4 million decrease in net gains due to reduced gains on sales of investment securities, and a $.6 million decrease in other income due to a reduction in bank-owned life insurance ("BOLI") income driven by a one-time death benefit of $.7 million received in March 2012. Total other operating expenses increased $2.9 million during the first nine months of 2013 when compared to the same period of 2012. OREO expenses increased $2.5 million in the first nine months of 2013 when compared to the first nine months of 2012 due primarily to increased write-downs on OREO properties. Other expenses increased $.4 million in the first nine months of 2013 when compared to the first nine months of 2012 due to increases in miscellaneous expenses such as legal, professional and recruitment expenses. The net interest margin for the first nine months of 2013, on a FTE basis, increased to 3.37% from 3.31% for the first nine months of 2012.
Nasdaq stocks posting largest volume decreases
AP - Mon Oct 28, 5:05PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Nasdaq stocks posting largest percentage decreases
AP - Thu Sep 19, 12:21PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
First United Corporation Announces 1st Quarter 2013 Earnings
PR Newswire - Tue May 07, 3:30PM CDT
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $1.5 million for the first three months of 2013, compared to a net loss attributable to common shareholders of $3.1 million for the same period of 2012. Basic and diluted net income per common share for the first three months of 2013 was $.24, compared to a net loss per common share of $.50 for the same period of 2012. The change in earnings, from a net loss for the first three months of 2012 to net income for the first three months in 2013, was primarily due to a $7.3 million decrease in the provision for loan losses during the first three months of 2013 when compared to the same time period of 2012. This decrease was offset by a decrease in net gains of $.4 million due to reduced gains on sales of investment securities, and a decrease of $.7 million in other income due to a reduction in bank-owned life insurance ("
PICO, FUND, MLP, UFCS, FUNC, VHI, Expected to Trade Higher After Bullish Insider Trading
M2 - Thu Jan 10, 9:16AM CST
BUYINS.NET / http://www.squeezetrigger.com is monitoring top insider trading patterns and these stocks are the most likely to trade Higher in the next 6 months. PICO HOLDINGS INCORPORATED (NASDAQ
ICO), Royce Focus Trust Inc (NASDAQ:FUND), Maui Land And Pineapple Co Inc (NYSE:MLP), United Fire and Casualty Co (NASDAQ:UFCS), First United Corp (NASDAQ:FUNC), VALHI INCORPORATED (NYSE:VHI) are all expected to go Higher as Buy signals have been generated by top insider trading patterns.
First United Corporation Announces 2013 Fourth Quarter And Year End Earnings
PR Newswire - Wed Mar 05, 3:34PM CST
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders of $4.7 million for the year ended December 31, 2013, compared to net income available to common shareholders of $3.0 million for the year ended December 31, 2012. Basic and diluted net income per common share for the year ended December 31, 2013 was $.75, compared to basic and diluted net income per common share of $.48 for the year ended December 31, 2012. The increase in net income for 2013 when compared to 2012 was attributable to an $8.0 million increase in net interest income after provision for loan losses driven by reduced charge-off activity. This increase was offset by a decrease in other operating income of $2.1 million primarily attributable to a $1.5 million decline in net gains and a decrease of $.8 million in bank-owned life insurance ("BOLI") income driven by a one-time death benefit of $.7 million that was received in March 2012. The increase was also offset by a $2.9 million increase in other operating expenses, due primarily to a $2.0 million increase in other real estate owned ("OREO") expenses, and a $1.3 million increase in tax expense. The net interest margin for the year ended December 31, 2013, on a fully tax equivalent ("FTE") basis, decreased to 3.25% from 3.30% for the year ended December 31, 2012.
First United Corporation Announces 3rd Quarter 2013 Earnings
PR Newswire - Fri Nov 08, 3:27PM CST
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders was $4.3 million for the first nine months of 2013, compared to net income available to common shareholders of $.6 million for the same period of 2012. Basic and diluted net income per common share for the first nine months of 2013 was $.69, compared to basic and diluted net income per common share of $.10 for the same period of 2012. The increase in earnings was primarily due to a $9.4 million decrease in the provision for loan losses during the first nine months of 2013 when compared to the same time period of 2012. This decrease was offset by a $.4 million decrease in net gains due to reduced gains on sales of investment securities, and a $.6 million decrease in other income due to a reduction in bank-owned life insurance ("BOLI") income driven by a one-time death benefit of $.7 million received in March 2012. Total other operating expenses increased $2.9 million during the first nine months of 2013 when compared to the same period of 2012. OREO expenses increased $2.5 million in the first nine months of 2013 when compared to the first nine months of 2012 due primarily to increased write-downs on OREO properties. Other expenses increased $.4 million in the first nine months of 2013 when compared to the first nine months of 2012 due to increases in miscellaneous expenses such as legal, professional and recruitment expenses. The net interest margin for the first nine months of 2013, on a FTE basis, increased to 3.37% from 3.31% for the first nine months of 2012.
Nasdaq stocks posting largest volume decreases
AP - Mon Oct 28, 5:05PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Nasdaq stocks posting largest percentage decreases
AP - Thu Sep 19, 12:21PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
First United Corporation Announces 1st Quarter 2013 Earnings
PR Newswire - Tue May 07, 3:30PM CDT
First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $1.5 million for the first three months of 2013, compared to a net loss attributable to common shareholders of $3.1 million for the same period of 2012. Basic and diluted net income per common share for the first three months of 2013 was $.24, compared to a net loss per common share of $.50 for the same period of 2012. The change in earnings, from a net loss for the first three months of 2012 to net income for the first three months in 2013, was primarily due to a $7.3 million decrease in the provision for loan losses during the first three months of 2013 when compared to the same time period of 2012. This decrease was offset by a decrease in net gains of $.4 million due to reduced gains on sales of investment securities, and a decrease of $.7 million in other income due to a reduction in bank-owned life insurance ("
PICO, FUND, MLP, UFCS, FUNC, VHI, Expected to Trade Higher After Bullish Insider Trading
M2 - Thu Jan 10, 9:16AM CST
BUYINS.NET / http://www.squeezetrigger.com is monitoring top insider trading patterns and these stocks are the most likely to trade Higher in the next 6 months. PICO HOLDINGS INCORPORATED (NASDAQ
ICO), Royce Focus Trust Inc (NASDAQ:FUND), Maui Land And Pineapple Co Inc (NYSE:MLP), United Fire and Casualty Co (NASDAQ:UFCS), First United Corp (NASDAQ:FUNC), VALHI INCORPORATED (NYSE:VHI) are all expected to go Higher as Buy signals have been generated by top insider trading patterns. 
