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First United Corporation

NASDAQ•FUNC
CEO: Ms. Carissa L. Rodeheaver CPA, CFP
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1992-09-03
First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit. The company loan portfolio includes commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings, such as restaurants and motels, retail buildings, and general purpose business space; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, and other secured and unsecured lines of credit and term loans. It also offers access to multi-million-dollar certificates of deposit and the Intrafi cash service, including multi-million-dollar savings and demand deposits to municipalities, businesses, and consumers; and treasury management, cash sweep, and various checking services. In addition, the company provides trust services, which includes personal trust, investment agency accounts, charitable trusts, retirement accounts, including IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning; and insurance products, brokerage services, and safe deposit and night depository facilities. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.
Contact Information
19 South Second Street, Oakland, MD, 21550-0009, United States
301-334-9471
N/A
Market Cap
$233.56M
P/E (TTM)
9.5
14.6
Dividend Yield
2.7%
52W High
$41.95
52W Low
$24.66
52W Range
65%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$29.52M+0.00%
4-Quarter Trend

EPS

$0.89+0.00%
4-Quarter Trend

FCF

$8.44M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Net Income Growth GAAP Net Income increased 18.9% to $24.5M in 2025 from $20.6M in 2024, driven by NII gains.
Net Interest Margin Expansion FTE Net Interest Margin improved 29 basis points to 3.67% in 2025, supported by loan repricing and higher cash levels.
Improving Asset Quality Metrics Non-performing loan ratio improved to 0.31% in 2025 from 0.39% in 2024; provision for credit losses decreased.
Robust Capital Ratios Bank's Total Capital Ratio stood at 15.19% (2025), significantly exceeding the 10.00% well-capitalized threshold.

Risk Factors

Interest Rate Sensitivity Risk Simulation indicates potential NII decrease up to $13.7M under a severe -400 basis point interest rate shock scenario.
Geographic Loan Concentration Majority of lending concentrated in Maryland and West Virginia, increasing exposure to local economic downturns.
Liquidity Funding Reliance Liquidity relies on external sources like FHLB advances; inability to access funding could constrain operations.
Cybersecurity Threat Environment Severe and increasing cyber-attack threat requires continuous, resource-intensive development of defensive measures.

Outlook

Continued Margin Management Management places strong focus on margin management moving into 2026, leveraging higher cash levels to repay debt.
Loan Portfolio Dynamics Loan production growth was significantly offset by unusually high client payoffs and debt consolidation activities in 2025.
Regulatory Compliance Burden Ongoing compliance with evolving federal and state laws, including data privacy, requires significant expenditure and resources.
Capital Position Stability Bank remains categorized as "well capitalized" as of December 31, 2025, satisfying all regulatory requirements.

Peer Comparison

Revenue (TTM)

CFFI stock ticker logoCFFI
$183.79M
+10.1%
ISTR stock ticker logoISTR
$153.49M
-1.9%
FSFG stock ticker logoFSFG
$146.33M
+8.9%

Gross Margin (Latest Quarter)

OVLY stock ticker logoOVLY
95.9%
+11.9pp
TSBK stock ticker logoTSBK
72.6%
+3.4pp
LCNB stock ticker logoLCNB
72.6%
+10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PKBK$323.31M8.512.0%6.4%
TSBK$302.29M9.911.7%1.3%
MBCN$273.63M14.08.8%9.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.6%
Moderate Growth
4Q Net Income CAGR
-0.2%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 20, 2026
|
EPS:$0.92
|
Revenue:$22.83M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data