Detail akcie First Utd online

Business Summary: First United Corporation is the parent company of First United Bank & Trust (the Bank), a Maryland trust company with commercial banking powers. The Company's segments include Community Banking, and Trust and Investment Services. The Community Banking segment is conducted through the Bank and involves delivering a broad range of financial products and services, including various loan and deposit products, to consumer, business, and not-for-profit customers. The Trust and Investment Services segment is conducted through the Bank and offers corporate trustee services, trust and estate administration, individual retirement accounts (IRA) administration and custody services. The Bank also owns approximately 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, and a 99.9% non-voting membership interest in MCC FUBT Fund, LLC. The Bank operates approximately 26 banking offices, one customer service center and 33 automated teller machines.
Financial Summary: BRIEF: For the three months ended 31 March 2024, First United Corp interest income increased 23% to $21.9M. Net interest income after loan loss provision decreased 8% to $12.9M. Net income decreased 15% to $3.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Credit loss (credit)/expense increase from $414K to $946K (expense).