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 (NASDAQ: FUNC) is a financial services holding company and the parent of First United Bank & Trust, a Maryland trust company with commercial banking powers. News about FUNC often centers on its role in commercial banking and wealth management, as well as its activities as a regional community bank serving counties in Maryland and West Virginia.
Investors following First United Corporation’s news can expect regular updates on quarterly and annual financial results. In press releases that are also furnished on Form 8-K, the company reports net income, net interest income, net interest margin, loan originations, deposit trends, non-interest income such as wealth management fees and gains on sales of residential mortgages and investment securities, and changes in operating expenses. These releases also provide balance sheet overviews, including total assets, loan balances, investment portfolio changes and deposit composition.
Another recurring theme in FUNC news is the declaration of cash dividends on its common stock. The Board of Directors periodically announces per-share dividend amounts, payment dates and record dates, and these decisions are disclosed through press releases and corresponding 8-K filings. These items help shareholders track the company’s approach to capital and shareholder distributions.
News coverage also includes governance and management developments. For example, the company has issued a press release and filed an 8-K describing a management succession plan, including a planned retirement of the existing Chairman, President and Chief Executive Officer and the intended appointment of a new President and Chief Executive Officer, along with related amendments to the Corporation’s Bylaws. Such announcements provide insight into leadership continuity and board decisions.
For users monitoring FUNC, this news feed offers a consolidated view of earnings announcements, dividend declarations, investor presentations referenced in Form 8-K filings, and key corporate governance updates related to First United Corporation and First United Bank & Trust.
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.
First United (NASDAQ: FUNC) has announced its second quarter 2025 dividend payment. The company's Board of Directors has declared a cash dividend of $0.22 per share. The dividend will be paid on May 1, 2025, to shareholders who hold the company's common stock as of the market close on April 17, 2025.
First United (NASDAQ: FUNC) reported strong Q4 2024 financial results with consolidated net income of $6.2 million ($0.95 per diluted share), compared to $1.8 million ($0.26 per diluted share) in Q4 2023. Full-year 2024 net income reached $20.6 million ($3.15 per diluted share), up from $15.1 million in 2023.
The quarter saw robust loan growth with $72.2 million in commercial loan originations and $23.3 million in residential mortgage originations. Net interest margin was 3.48% for Q4 2024. Deposits increased by $34.4 million due to seasonal municipal deposit fluctuations, partly offset by retail certificate runoff. The company maintained strong pricing and expense discipline, resulting in a solid efficiency ratio despite intense market competition.
Total assets reached $2.0 billion, representing a $67.2 million increase since December 2023. Outstanding loans grew by $74.1 million year-over-year, while total deposits increased by $23.9 million.
First United (NASDAQ: FUNC) has announced its first quarter 2025 dividend. The company's Board of Directors has declared a cash dividend of $0.22 per share, which will be paid on February 3, 2025. Shareholders who hold FUNC common stock as of the close of business on January 17, 2025, will be eligible to receive this dividend payment.
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