First United Bancshares, Inc. announces 1995 operating results.EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. , Ark.--(BUSINESS WIRE)--Jan. 16, 1996--James V. Kelley, Chairman, President and Chief Executive Officer of First United Bancshares, Inc. (NASDAQ/NMS:UNTD) has reported financial results for the quarter and year ended Dec. 31, 1995. Net income was $15.2 million or $2.95 per share for the year ended Dec. 31, 1995 as compared to $14.0 million or $2.72 for the same period in 1994. Total assets at the end of the year were $1.34 billion as compared with $1.11 billion at Dec. 31, 1994. The annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return on average assets for the year ended Dec. 31, 1995 was 1.21% and return on average equity was 12.50%. Excluding unrealized gains/losses on securities available for sale, shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. rose 9.1% during the twelve month period to $129.1 million from $118.3 million at Dec. 31, 1994. "1995 saw a year of record earnings and continued sound asset quality," stated Kelley. "The addition of FirstBank to our company allowed us to enter Texarkana, Texas Texarkana, Texas is a municipal designation in Bowie County, Texas, United States which forms the western half of Texarkana. It is separated from Texarkana, Arkansas, by State Line Avenue. and Bowie County, expanding our market presence. We look forward to the opportunities for growth and expansion that the coming year will provide." Book value per share at Dec. 31, 1995 was $25.02 excluding unrealized gains/losses of securities available-for-sale compared with $22.94 at December 31 of the prior year. First United is a $1.3 billion bank holding company with 8 affiliate banks in Arkansas and Texas. The stock is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol "UNTD." CONTACT: First United Bancshares, Inc., El Dorado John Burns This article covers the British politician. For other people with the same name see John Burns (disambiguation) John Elliot Burns (20 October 1858 – 24 January 1943) was a prominent English trade unionist, anti-racist, socialist and politician of the late 19th and , 501/863-3181 |
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