$43.160
-0.039 (-0.09%)收盘时
FUNC 资讯
FUNC 事件
Q2 Net Interest Margin at 3.98%, CEO Says Results Solid
Reports Q2 net interest margin 3.98% vs. 3.65% last year. Tangible book value per share was $31.12 from $27.59 at previous quarter end. CEO Jason Rush said, "We delivered solid results this quarter. Earnings benefited from a stronger net interest margin and steady growth in income from our wealth franchise. While we recorded a one-time consulting expense of approximately $2.2M, we believe the investment in technology and pricing initiatives will position us for improved efficiency in future years to come. Loan growth was steady in the second quarter and our loan pipelines remain robust going into the third quarter. Expense control will continue to be a focus across the organization."
Company Reports Q1 Revenue of $23.3M
Reports Q1 revenue $23.3M, one estimate $22.8M. According to Jason Rush, President and CEO, "We delivered strong earnings this quarter, driven by continued margin expansion. While overall growth was again tempered by elevated loan payoffs and paydowns, we maintained solid credit performance and believe our balance sheet is well-positioned. Our focus on operational efficiency and prudent risk management continues to yield results, positioning us well as we enter 2026 with positive momentum."
First United Bank Reports Record Core Earnings for 2025
According to Carissa Rodeheaver, Executive Chairman of the Board, "2025 was a truly remarkable year for First United as we celebrated our 125th anniversary-an extraordinary milestone in our history. Throughout the year, we had the privilege of honoring the relationships we've built with our clients while highlighting our ongoing commitment to future generations through trust, innovation, and meaningful community impact. In addition to commemorating our legacy, we delivered a record year of core earnings, excluding a non-recurring markdown on a foreclosure property. Our performance was driven by a strong net interest margin, robust loan, deposit and trust production, and our continued disciplined approach to expense management. As we look to the future, I am pleased to recognize Jason B. Rush as First United's newly appointed President and Chief Executive Officer. We are confident that Jason will continue to advance our mission and uphold our uncommon commitment to exceptional service and comprehensive financial solutions for our clients and communities."
First United CEO Carissa Rodeheaver Announces Retirement; Jason Rush Set to Take Over
First United announced that Carissa Rodeheaver, Chairman of the Board, President, and CEO, will retire at the conclusion of the 2026 annual meeting of shareholders currently scheduled for May 7, 2026. To facilitate the succession of management, effective January 1, 2026, Rodeheaver will serve as Executive Chairman of the Corporation and the Bank until her retirement. The Board of Directors has implemented a succession plan whereby Jason Rush, Senior Vice President & COO, will succeed Rodeheaver as President and CEO of both the Corporation and the Bank effective January 1, 2026, and the boards of directors intend to elect Rush to serve as a director of the Corporation and the Bank. Rush has served as Senior Vice President and COO of the Corporation and the Bank since January 2017 and has held various roles since joining the Bank in 1993.
First United announces Q3 earnings per share of $1.07, up from 89 cents last year.
Q3 net interest margin, on a non-GAAP, fully tax equivalent basis, was 3.69%, reflecting increased loan yields and stable funding costs. Diluted Tangible book value per share was $28.82 at quarter end from $27.59 last quarter. CEO Carissa Rodeheaver stated, "We are pleased to report another strong quarter, once again driven by increased net interest margin and expense control. Our commercial, mortgage and wealth relationship managers continue to deliver strong production, and our entire team remains focused on controlling expenses. The strong income allowed us to increase our dividend this quarter. "
本页仅供研究参考，不构成投资建议。模型可能出错。过往表现不代表未来结果。