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Article: United Financial Corp. Announces Record March 31, 2003 Earnings and Declares Its Quarterly Dividend; HIGHLIGHTS: 33% Increase in EPS in Q1 2003 over 2002; Total assets of $376 million; Q1 Net interest income up 6%; Real Estate Origination fees up 92% over Q1 2002.
- Article from:
- PR Newswire
- Article date:
- April 23, 2003
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United Financial Corp. ("United") today reported net income for the quarter ended March 31, 2003 of $982,140, or basic earnings per share of $.60, compared with $737,628 or basic earnings per share of $.45 for the same quarter in 2002. Diluted earnings per share were $.59 for the quarter ended March 31, 2003 and $.45 for the same quarter in 2002.
United's assets at March 31, 2003 were $376 million compared to $380 million at March 31, 2002. Net loans were $252 million at March 31, 2003 compared to $256 million a year ago and deposits increased to $291 million at March 31, 2003 compared to $284 million a year ago.
Net interest income rose to $3.4 ...