First United reports record annual net income of $25.0M; Q4 EPS $1.04

FIRST UNITED CORP/MD/

2022-FY EPS reported $3.76 revenue$16,157,000

Q4 net income $7.0M ($1.04 diluted EPS) vs $7.5M ($1.14) in Q4 2021 and $6.9M ($1.04) in Q3 2022.
Full-year 2022 net income $25.0M ($3.76 diluted EPS), highest ever, up from $19.8M ($2.95) in 2021.
Net interest margin (FTE) 3.63% in Q4 2022, down from 3.66% in Q3 but up from 3.49% a year ago.
Total assets grew 6.8% YoY to $1.8B; loans up $125.8M, deposits up $101.4M.
Allowance for loan losses ratio decreased to 1.14% from 1.38% a year ago; provision credit $0.7M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

FIRST UNITED CORP/MD/ reported financial results for the three- and twelve-month periods ended December 31, 2022.

Period: the three- and twelve-month periods ended December 31, 2022
Result: reported results

Exact text from the filing

On February 9, 2023, First United Corporation issued a press release describing its financial results for the three- and 12-month periods ended December 31, 2022.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST UNITED CORP/MD/ filing history →

Source: SEC EDGAR

accession 0001104659-23-018336

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.