FUNC
First United Corporation40.89
+0.03+0.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
8-K
8-K
CEO succession plan announced
First United Corporation announced on November 14, 2025, that CEO Carissa L. Rodeheaver will retire at the 2026 annual meeting on May 7, 2026, after leading transformative growth since 2016. Effective January 1, 2026, Jason B. Rush, COO since 2017 with 32 years at the firm, steps in as President and CEO, while Rodeheaver transitions to Executive Chairman for a smooth handover. The board amended bylaws to allow this flexibility. Succession ensures continuity amid $2 billion assets.
10-Q
Q3 FY2025 results
First United Corporation posted solid Q3 FY2025 results, with net income up 20% year-over-year to $6.9 million, or $1.07 per diluted share. Net interest income climbed 14% to $17.4 million, fueled by a 25 basis point rise in loan yields to 6.09% on $1.5 billion in average loans, while deposit costs edged down to 2.28% amid $104 million in total deposit growth. Credit quality held firm, with non-accrual loans dipping to 0.26% of total loans and provision expense at $0.5 million; free cash flow wasn't disclosed in the 10-Q. Liquidity strengthened, with cash at $95.2 million and $578 million in net borrowing availability, though long-term debt fell to $95.9 million after a $25 million FHLB repayment. Yet competition from larger banks squeezes margins in our regional markets.
8-K
Q3 net income jumps 20%
First United Corporation reported Q3 2025 net income of $6.9 million, up 20% from $5.8 million a year ago, fueled by a 3.69% net interest margin and robust loan yields amid stable funding costs. Deposits swelled $104 million year-to-date to $1.68 billion, while loans edged up $16 million to $1.50 billion; asset quality held firm with non-accruals at 0.26% of loans. The board hiked the dividend to $0.26 per share. Strong production persists, yet high payoffs tempered growth.
8-K
FUNC declares $0.26 dividend
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