Welcome to our dedicated page for First Utd news (Ticker: FUNC), a resource for investors and traders seeking the latest updates and insights on First Utd stock.
First United Corporation reports developments for a community bank holding company whose primary subsidiary is First United Bank & Trust, a Maryland trust company with commercial banking powers. News commonly covers quarterly and annual financial results, net interest margin, loan production, deposit funding costs, credit performance, and noninterest income from trust and brokerage activity.
Company updates also include common stock dividend declarations, board and executive succession matters, operational efficiency initiatives, and activity within the company’s community banking and wealth management segments. Its disclosed banking activities include consumer, business, mortgage, construction, and commercial lending, along with deposit products and related financial services.
First United Corporation (NASDAQ: FUNC) reported GAAP net income of $6.7 million for Q1 2026, or $1.03 per diluted share, up from $5.8 million a year earlier. Non-GAAP NIM (FTE) was 3.83%, reflecting margin expansion. Commercial loan originations were $98.0 million and residential mortgage originations were $16.0 million. Total assets were $2.0 billion and total deposits increased $15.5 million. The company declared a $0.26 per share cash dividend and maintained solid asset quality with an ACL of $20.0 million.
First United Corporation (NASDAQ: FUNC) declared a cash dividend of $0.26 per share, payable on May 1, 2026 to shareholders of record at the close of business on April 17, 2026. The Board approved the distribution to common stockholders.
First United Corporation (NASDAQ: FUNC) reported 2025 net income of $24.5M GAAP ($3.77 diluted) and record core non-GAAP net income of $25.8M ($3.97 diluted). Fourth-quarter GAAP net income was $5.8M ($0.89 diluted); non-GAAP Q4 net income was $7.2M ($1.10 diluted). NIM improved to 3.67% for 2025 and announced a $0.26 per-share cash dividend. The company named Jason B. Rush as President and CEO, citing strong loan, deposit and trust production and disciplined expense management.
First United Corporation (NASDAQ: FUNC) announced a $0.26 per share cash dividend declared by its Board of Directors on Dec. 4, 2025.
The dividend is payable on February 2, 2026 to holders of record at the close of business on January 16, 2026.
First United Corporation (NASDAQ: FUNC) announced that Carissa L. Rodeheaver, Chairman, President & CEO, will retire at the conclusion of the 2026 annual meeting currently scheduled for May 7, 2026. Effective January 1, 2026, she will transition to Executive Chairman to facilitate succession.
The board named Jason B. Rush, Senior VP & Chief Operating Officer, to succeed Rodeheaver as President and CEO effective January 1, 2026; the boards intend to elect him as a director. As of September 30, 2025, the corporation reported $2 billion in assets.
First United Corporation (NASDAQ: FUNC) reported Q3 2025 net income of $6.9M or $1.07 diluted EPS, up from $5.8M ($0.89) in Q3 2024 and $6.0M ($0.92) in Q2 2025. Nine‑month net income was $18.7M or $2.88 EPS versus $14.4M ($2.19) a year earlier. Key metrics: annualized ROAA 1.24% and ROAE 13.23%. The bank cited higher loan yields, new loan production and expense control driving a non‑GAAP FTE net interest margin of 3.69% for Q3 and a nine‑month NIM of 3.64%. Provision expense included a $0.5M charge related to one non‑accrual commercial relationship. A cash dividend of $0.26 per share was declared for the quarter.
First United Corporation (NASDAQ: FUNC) has announced its fourth quarter 2025 dividend. The company's Board of Directors has declared a cash dividend of $0.26 per share. The dividend will be payable on November 3, 2025, to shareholders of record as of the close of business on October 17, 2025.
First United Corporation (NASDAQ: FUNC) reported strong Q2 2025 financial results with consolidated net income of $6.0 million, or $0.92 per diluted share, up from $4.9 million ($0.75/share) in Q2 2024. The company's net interest margin reached 3.65% in Q2 2025, driven by increased loan yields and stable funding costs.
Key highlights include $65.1 million in commercial loan originations and $19.2 million in residential mortgage originations. Total assets grew to $2.0 billion, with gross loans increasing by $21.7 million since December 2024. The bank declared a cash dividend of $0.22 per common share for the quarter.
Performance metrics for H1 2025 showed strong results with Return on Average Assets of 1.20% and Return on Average Equity of 12.78%. The company expanded its Morgantown team and maintains a positive outlook on market growth potential.
First United (NASDAQ: FUNC) reported Q1 2025 consolidated net income of $5.8 million, or $0.89 per diluted share, compared to $3.7 million in Q1 2024 and $6.2 million in Q4 2024. The company achieved a net interest margin of 3.56% and saw deposits increase by $48.7 million.
Key highlights include:
- $36.1 million in commercial loan originations and $11.4 million in residential mortgage originations
- Provision expense of $0.7 million driven by stable asset quality
- Operating expenses increased by $0.5 million compared to linked quarter
- Cash dividend of $0.22 per common share declared
The bank reported strong asset quality with the allowance for credit losses at $18.5 million, representing 1.25% of outstanding loans. Total assets reached $2.0 billion, with outstanding loans at $1.5 billion. The company maintains a positive outlook for 2025 despite challenges in funding due to inflation and high competition.