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 Wealth Management. 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 Wealth Management 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 22 banking offices, one customer service center and 30 Automated Teller Machines in Allegany County, Frederick County, Garrett County, and more.
Financial Summary: BRIEF: For the three months ended 31 March 2025, First United Corp interest income increased 10% to $24.1M. Net interest income after loan loss provision increased 19% to $15.4M. Net income increased 57% to $5.8M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from Provision for credit losses decrease of 32% to $656K (expense).