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Article: United Financial Corp. Announces Fourth Quarter and 2002 Earnings; HIGHLIGHTS: 28% Increase in EPS in 2002 over 2001; Total assets of $378 million in 2002; Net interest income up 7% in 2002 over 2001; Real estate origination tops $225 million and mortgage fees up 15% in 2002 over 2001; Q4 EPS up 29% in 2002 over Q4 2001.
- Article from:
- PR Newswire
- Article date:
- February 22, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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United Financial Corp. ("United") today reported net income for the year ended December 31, 2002 of $2,955,255, or basic earnings per share of $1.82 compared to $2,374,725, or basic earnings per share of $1.42 for the same period in 2001. Fully diluted earnings per share were $1.79 and $1.41 for 2002 and 2001 respectively. For the quarter ended December 31, 2002 net income was $710,489, or basic and diluted earnings per share of $.44 and $.43 respectively, compared with $549,602 or basic and diluted earnings per share of $.34 for the same quarter in 2001. Cash basic earnings per share were $.62 for the quarter ended December 31, 2002 and $2.06 for the full year 2002 ...