First United Corp (FUNC) 10.23 $FUNC
First United Corporation Announces First Quarter 2016 Earnings
PR Newswire - Mon May 09, 4:11PM CDT
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"
, announces consolidated net income available to common shareholders of $1.2 million for the first three months of 2016, compared to $.7 million for the same period of 2015. Basic and diluted net income per common share for the first three months of 2016 was $.19, compared to basic and diluted net income per common share of $.11 for the same period of 2015. The increase in earnings was due to an increase of $.5 million in other operating income and a decrease of $.2 million in other operating expenses, offset by an increase of $.2 million in provision for income taxes. The net interest margin for the first three months of 2016, the year ended December 31, 2015 and the first three months of 2015, on a fully tax equivalent ("FTE" basis, was 3.23%, 3.04% and 3.07%, respectively. Deferred interest income recorded on the investment portfolio and declines in interest expense on deposits and long-term borrowings contributed to the increase in the net interest margin for the first three months of 2016 when compared to the margin recorded for the year ended December 31, 2015.
FUNC: 10.23 (+0.23)
First United Corporation Announces 2015 Fourth Quarter And Year End Earnings
PR Newswire - Wed Mar 09, 4:01PM CST
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $8.2 million for the year ended December 31, 2015, compared to $3.0 million for 2014. Basic and diluted net income per common share for the year ended December 31, 2015 were both $1.31, compared to basic and diluted net income per common share of $.48 for 2014. The increase in earnings for 2015 was primarily attributable to an $11.6 million recovery received in November 2015 from an arbitration settlement recorded in other income. In addition to the recovery, trust department earnings and debit card income both increased $.3 million. An increase of $1.4 million in salaries and benefits, primarily due to increased pension and health care costs, and losses of $3.5 million on CDO investments partially offset the increases to income. The net interest margin for the year ended December 31, 2015, on a fully tax equivalent ("FTE" basis, increased to 3.04% from 3.00% for the year ended December 31, 2014.
FUNC: 10.23 (+0.23)
Equities Driven By Market Influences - Research on Capricor Therapeutics, Ballantyne Strong, Anchor Bancorp and First United
ACCESSWIRE - Thu Dec 03, 8:10AM CST
NEW YORK, NY / ACCESSWIRE / December 3, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Capricor Therapeutics Inc (NASDAQ: CAPR), Ballantyne Strong Inc (NYSE: BTN), Anchor Bancorp Inc (NASDAQ: ANCB) and First United Corp (NASDAQ: FUNC). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
CAPR: 3.58 (-0.12), BTN: 5.18 (-0.04), FUNC: 10.23 (+0.23), ANCB: 26.24 (+0.24)
First United Corporation Announces 3rd Quarter 2015 Earnings
PR Newswire - Tue Nov 10, 3:20PM CST
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $2.5 million for the first nine months of 2015, compared to $2.0 million for the same period of 2014. Basic and diluted net income per common share for the first nine months of 2015 was $.39, compared to basic and diluted net income per common share of $.32 for the same period of 2014. The increase in earnings was due to an increase in net interest income of $.2 million, a decrease of $1.0 million in provision expense, and a decline of other operating expenses of $.2 million offset by a decline of $.5 million in other operating income. The net interest margin for the first nine months of 2015, the year ended December 31, 2014 and the first nine months of 2014, on a fully tax equivalent ("FTE" basis, was 3.07%, 3.00% and 3.02%, respectively. Deferred interest income recorded on the investment portfolio contributed to the increase in the net interest margin for the first nine months of 2015 when compared to the margin recorded for the year ended December 31, 2014.
FUNC: 10.23 (+0.23)
Nasdaq stocks posting largest percentage increases
AP - Fri Feb 20, 12:37PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at 1 p.m.:
TILE: 17.34 (-0.52), PATK: 66.43 (+1.87), DISCB: 25.82 (-0.03), DISCA: 24.77 (-0.32), FUNC: 10.23 (+0.23), IKNX: 13.00 (-0.21), CBPO: 119.55 (+0.17), EGLT: 7.02 (-0.37), DISCK: 24.19 (-0.35), ASMB: 5.53 (-0.06), AMOT: 23.00 (+0.38), ATRO: 39.06 (+0.79), ARIA: 9.71 (+0.20), THRX: 9.81 (+0.04), UNTD: 11.00 (-0.01), SZMK: 2.75 (+0.02)
First United Corporation Announces First Quarter 2016 Earnings
PR Newswire - Mon May 09, 4:11PM CDT
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"
, announces consolidated net income available to common shareholders of $1.2 million for the first three months of 2016, compared to $.7 million for the same period of 2015. Basic and diluted net income per common share for the first three months of 2016 was $.19, compared to basic and diluted net income per common share of $.11 for the same period of 2015. The increase in earnings was due to an increase of $.5 million in other operating income and a decrease of $.2 million in other operating expenses, offset by an increase of $.2 million in provision for income taxes. The net interest margin for the first three months of 2016, the year ended December 31, 2015 and the first three months of 2015, on a fully tax equivalent ("FTE" basis, was 3.23%, 3.04% and 3.07%, respectively. Deferred interest income recorded on the investment portfolio and declines in interest expense on deposits and long-term borrowings contributed to the increase in the net interest margin for the first three months of 2016 when compared to the margin recorded for the year ended December 31, 2015. FUNC: 10.23 (+0.23)
First United Corporation Announces 2015 Fourth Quarter And Year End Earnings
PR Newswire - Wed Mar 09, 4:01PM CST
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $8.2 million for the year ended December 31, 2015, compared to $3.0 million for 2014. Basic and diluted net income per common share for the year ended December 31, 2015 were both $1.31, compared to basic and diluted net income per common share of $.48 for 2014. The increase in earnings for 2015 was primarily attributable to an $11.6 million recovery received in November 2015 from an arbitration settlement recorded in other income. In addition to the recovery, trust department earnings and debit card income both increased $.3 million. An increase of $1.4 million in salaries and benefits, primarily due to increased pension and health care costs, and losses of $3.5 million on CDO investments partially offset the increases to income. The net interest margin for the year ended December 31, 2015, on a fully tax equivalent ("FTE"
basis, increased to 3.04% from 3.00% for the year ended December 31, 2014. FUNC: 10.23 (+0.23)
Equities Driven By Market Influences - Research on Capricor Therapeutics, Ballantyne Strong, Anchor Bancorp and First United
ACCESSWIRE - Thu Dec 03, 8:10AM CST
NEW YORK, NY / ACCESSWIRE / December 3, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Capricor Therapeutics Inc (NASDAQ: CAPR), Ballantyne Strong Inc (NYSE: BTN), Anchor Bancorp Inc (NASDAQ: ANCB) and First United Corp (NASDAQ: FUNC). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
CAPR: 3.58 (-0.12), BTN: 5.18 (-0.04), FUNC: 10.23 (+0.23), ANCB: 26.24 (+0.24)
First United Corporation Announces 3rd Quarter 2015 Earnings
PR Newswire - Tue Nov 10, 3:20PM CST
First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $2.5 million for the first nine months of 2015, compared to $2.0 million for the same period of 2014. Basic and diluted net income per common share for the first nine months of 2015 was $.39, compared to basic and diluted net income per common share of $.32 for the same period of 2014. The increase in earnings was due to an increase in net interest income of $.2 million, a decrease of $1.0 million in provision expense, and a decline of other operating expenses of $.2 million offset by a decline of $.5 million in other operating income. The net interest margin for the first nine months of 2015, the year ended December 31, 2014 and the first nine months of 2014, on a fully tax equivalent ("FTE"
basis, was 3.07%, 3.00% and 3.02%, respectively. Deferred interest income recorded on the investment portfolio contributed to the increase in the net interest margin for the first nine months of 2015 when compared to the margin recorded for the year ended December 31, 2014. FUNC: 10.23 (+0.23)
Nasdaq stocks posting largest percentage increases
AP - Fri Feb 20, 12:37PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at 1 p.m.:
TILE: 17.34 (-0.52), PATK: 66.43 (+1.87), DISCB: 25.82 (-0.03), DISCA: 24.77 (-0.32), FUNC: 10.23 (+0.23), IKNX: 13.00 (-0.21), CBPO: 119.55 (+0.17), EGLT: 7.02 (-0.37), DISCK: 24.19 (-0.35), ASMB: 5.53 (-0.06), AMOT: 23.00 (+0.38), ATRO: 39.06 (+0.79), ARIA: 9.71 (+0.20), THRX: 9.81 (+0.04), UNTD: 11.00 (-0.01), SZMK: 2.75 (+0.02)
