First United (NASDAQ:FUNC) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$20.0m (up 7.5% from 3Q 2023).
- Net income: US$5.77m (up 28% from 3Q 2023).
- Profit margin: 29% (up from 24% in 3Q 2023).
- EPS: US$0.89 (up from US$0.67 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First United EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 9.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on First United's balance sheet health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:FUNC
First United
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