First United Corporation Announces First Quarter 2020 Earnings
First United Corporation (FUNC)
US:NASDAQ Investor Relations:
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Company Research
Source: PR Newswire
OAKLAND, Md., April 29, 2020 /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, 2020 and 2019. First Quarter 2020 Financial Highlights:Total assets grew by $18.5 million, a 1.4% increase compared to total assets at December 31, 2019, while loan and deposit growth were .15% and 3%, respectively Net interest margin, on a fully tax equivalent ("FTE") basis, remained stable at 3.69% at March 31, 2020 compared to 3.72% at March 31, 2019 and 3.68% at December 31, 2019 Asset quality remains strong, with low delinquency and low net charge-offs Allowance for Loan Losses ("ALL") significantly increased compared to 2019 due to a significant uncertainty resulting from the Coronavirus pandemic Consolidated net income decreased 44% to $1.8 million compared to $3.2 million for the first quarter of 2019 specifically due to the $2.
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FUNC
Earnings
- 10/20/25 - Beat
FUNC
Sec Filings
- 11/14/25 - Form 8-K
- 11/6/25 - Form 4
- 11/5/25 - Form 4
- FUNC's page on the SEC website