First United (FUNC) Reports Q4 EPS of $0.92
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First United Corporation Announces 2015 Fourth Quarter And Year End Earnings
March 9, 2016 5:02 PM ESTOAKLAND, Md., March 9, 2016 /PRNewswire/ -- 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... More
