First United Corp reports Q4 EPS 95c vs. 26c last year

According to Carissa Rodeheaver, Chairman, President and CEO, “We are proud to announce another strong quarter to conclude the 2024 year. Loan growth was robust during the quarter as we were able to close a few loans that had been in the pipeline for several months. Our wealth department was a large contributor to our success during the year as they continue to establish new and grow existing customer relationships. Throughout 2024 we maintained our pricing and expense discipline ending the year with a strong margin, despite the intense competition in our markets, and a solid efficiency ratio. Our teams collaborated and demonstrated the First United values as they worked to customize financial solutions for our customers and to support the communities that we serve. We are excited to enter 2025 with a focus on investing additional resources to grow our loan and deposit market share and increase our wealth presence.”