FUNC
First United Corporation40.89
+0.03+0.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
265.66MP/E (TTM)
10.65Basic EPS (TTM)
3.84Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
First United Corporation posted FY2025 net income of $24.5 million, up from $20.6 million in 2024, fueled by net interest income growth to $68.1 million from $60.0 million as the margin expanded to 3.67% via higher loan yields amid rising rates. Loans grew modestly $40.9 million to $1.52 billion despite high commercial payoffs, while deposits surged $160 million to $1.74 billion on money market gains; Q4 saw CRE up $44 million but C&I down amid restructurings. Provision fell to $2.3 million with net charge-offs halving to $1.0 million and nonperformers dropping to 0.31% of loans. ACL rose to 1.28% or $19.5 million. Equity hit $204 million. Liquidity strong at $627 million available. Yet rising rates expose CRE concentrations.
8-K
Record core earnings despite Q4 hit
First United Corporation posted 2025 GAAP net income of $24.5 million, up from $20.6 million in 2024, driven by $8.1 million higher net interest income from loan repricing and $160 million deposit growth, yet Q4 dipped to $5.8 million due to a $1.6 million OREO write-down. Core non-GAAP earnings hit record $25.8 million. Assets swelled to $2.1 billion. Strong asset quality endures.
8-K
Tasker named COO
First United Corporation and its Bank subsidiary appointed Anthony 'AJ' Tasker as Senior Vice President and COO on January 28, 2026. Tasker, a 17-year Bank veteran rising from network admin to operations lead, now earns $175,100 base plus 10% incentive bonus tied to ROA, efficiency ratio, and delinquencies—half cash, half stock. No related-party deals disclosed.
8-K
FUNC launches 1M share buyback
First United Corporation launched a stock repurchase program effective January 26, 2026, authorizing up to 1,000,000 shares—15.4% of outstanding common stock—over 18 months via open market or private deals. CEO holds full discretion under Rule 10b-18. No buys guaranteed; hinges on prices, volumes, capital needs. Repurchases signal board confidence.
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