First United Corp.: Still Attractive Despite Increasing Non-Accruals
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First United Corp. reported strong Q3 earnings with a net profit of $5.8M and an EPS of $0.89, supporting a potential dividend hike. Despite increasing non-accruals, the bank's real estate-heavy loan book shows low delinquency rates, making its stock attractively valued.
December 27, 2024 | 4:00 pm
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First United Corp. reported strong Q3 earnings with a net profit of $5.8M and an EPS of $0.89, supporting a potential dividend hike. Despite increasing non-accruals, the bank's real estate-heavy loan book shows low delinquency rates, making its stock attractively valued.
The strong earnings report with a net profit of $5.8M and an EPS of $0.89 indicates financial health, supporting a potential dividend hike. The low delinquency rates in its real estate-heavy loan book mitigate concerns about increasing non-accruals, making the stock attractively valued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100