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First United Corporation reported net income of $12.3 million for the six months ended June 30, 2026, up from $11.8 million a year earlier, as net interest income increased to $36.7 million from $32.7 million and total other operating income rose to $10.7 million from $10.0 million. Higher salaries, professional services and other expenses lifted total other operating expenses to $29.5 million from $25.6 million, and second‑quarter net income declined modestly to $5.7 million from $6.0 million.
Total assets were $2.08 billion at June 30, 2026, with net loans growing to $1.55 billion from $1.50 billion and total deposits essentially flat at $1.74 billion. The allowance for credit losses on loans increased to $20.6 million, while nonaccrual loans were $4.5 million and accruing loans 30 days or more past due represented 0.50% of loans, compared with 0.32% at year‑end, largely due to one large commercial credit.
Shareholders’ equity increased to $212.4 million from $203.6 million, supported by higher retained earnings and improved accumulated other comprehensive loss. The company repurchased common stock and paid common dividends of $0.52 per share in the first half, up from $0.44 per share a year earlier.
First United Corp (FUNC) reporting person Carissa Lynn Rodeheaver, a retired director, recorded two dividend-reinvestment purchases of common stock on August 3, 2026, totaling 139.9375 shares at per-share prices of $45.32 and $45.84. Indirect holdings after these updates were 87.3475 shares held by her spouse as UTMA custodian for their son and 948.9095 shares held through a 401(k) plan, with each indirect position including additional shares acquired under the company’s Dividend Reinvestment and Stock Purchase Plan.
First United Corp/MD/ Chairman, President & CEO Jason Barry Rush purchased 63.671 shares of common stock on August 3, 2026 at $45.84 per share through a dividend reinvestment program. Following this automatic purchase, he directly owns 27,311.0447 shares, including 80.5343 shares from reinvested dividends since the prior report.
Tonya K. Sturm, EVP & CFO of First United Corporation, reported purchasing 2.469 shares of common stock on August 3, 2026 at $45.84 per share through a dividend reinvestment program. After these and prior DRSPP acquisitions, she directly owns 11,835.0907 shares and indirectly holds 5.5749 shares via a 401(k) plan.
First United Corp. director Brian R. Boal reported purchasing 73.5910 shares of Common Stock on August 3, 2026 at $45.8400 per share through a dividend reinvestment program in his brokerage account. Following this transaction, he directly owns 22,385.9990 shares.
First United Corp. executive Robert L. Fisher II, EVP & Chief Banking Officer, sold 5,250 shares of Common Stock on 2026-07-28 at $45.29 per share in a sale categorized as an open market or private transaction. Following the sale, he directly owns 9,105 shares. The transaction was not indicated as being made under a Rule 10b5-1 trading plan.
BlackRock, Inc. reports a passive ownership stake in First United Corp common stock. As of June 30, 2026, BlackRock beneficially owned 378,880 shares, representing 5.9% of the outstanding common stock. BlackRock has sole voting power over 373,336 shares and sole dispositive power over 378,880 shares, with no shared voting or dispositive power reported.
The filing aggregates holdings of certain BlackRock business units and excludes other disaggregated units under SEC guidance. Various underlying clients or investors have rights to dividends or sale proceeds from these shares, but no single person holds an interest exceeding 5% of First United Corp’s total outstanding common shares.
First United Corp/MD/ director Irvin Robert Rudy reported an open-market sale of 1,000 shares of Common Stock on 2026-07-24 at $44.58 per share. Following this transaction, he directly holds 37,500 shares. The filing indicates the trade was not made under a Rule 10b5-1 trading plan.
First United Corp. executive Keith Sanders, EVP & Chief Wealth Officer, sold 5,000 shares of Common Stock on July 23, 2026 at an average price of $43.6795 per share in an open-market or private transaction. After this sale, he directly holds 10,341.8195 shares.
First United Corporation reported Q2 2026 GAAP net income of $5.7 million, or $0.87 per diluted share, compared with $6.0 million, or $0.92, a year earlier and $6.7 million in Q1 2026. Excluding an approximately $1.7 million, net-of-tax consulting expense for core processing contract negotiations, non-GAAP net income was $7.3 million, or $1.13 per diluted share. For the first six months of 2026, GAAP net income was $12.3 million ($1.90 per diluted share) and non-GAAP net income was $13.9 million ($2.15 per diluted share), both above the same period of 2025.
Net interest income rose, and the non-GAAP net interest margin improved to 3.98% for Q2 and 3.89% for the six months ended June 30, 2026, compared with 3.61% for the prior-year period. Loans grew to $1.57 billion, while deposits were essentially flat at $1.74 billion. Asset quality indicators remained strong: the allowance for credit losses was 1.31% of loans, non-performing assets were 0.37% of total assets, and year-to-date net charge-offs were 0.04% of average loans. Capital ratios stayed well above regulatory “well-capitalized” levels, with a Common Equity Tier 1 ratio of 13.48% and a Tier 1 leverage ratio of 12.70% at June 30, 2026.