First United Corp reports results for the quarter ended June 30 - Earnings Summary

• First United Corp FUNC.OQ reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 75 cents. The lone analyst forecast for the quarter was for earnings of 84 cents per share.

• Revenue rose 8.5% to $21.79 million from a year ago; analysts expected $21.26 million.

• First United Corp's reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $5.98 million.

• First United Corp shares had risen by 12.3% this quarter and gained 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First United Corp is $42.00, about 17.1% above its last closing price of $34.83

This summary was machine generated from LSEG data July 21 at 12:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)