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Article: United Financial Corp. Announces Fourth Quarter and Record 2003 Earnings; HIGHLIGHTS: 60% Increase in EPS in 2003 over 2002; Net interest income up 13% in 2003 over 2002; Real estate origination tops $300 million; Q4 EPS up 21% in 2003 over Q4 2002.
- Article from:
- PR Newswire
- Article date:
- February 20, 2004
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United Financial Corp. ("United") today reported net income for the year ended December 31, 2003 of $4,720,001, or basic earnings per share of $1.93, compared to $2,955,255, or basic earnings per share of $1.21 for the same period in 2002. Fully diluted earnings per share were $1.88 and $1.20 for 2003 and 2002, respectively. For the quarter ended December 31, 2003, net income was $860,194, or basic and diluted earnings per share of $.35 and $.34, respectively, compared with $710,489, or basic and diluted earnings per share of $.29 and $.28, respectively, for the same quarter in 2002. Included in 2003 earnings is a gain on the sale of United's 62% interest in Valley ...