First United Bank Reports Record Core Earnings for 2025
According to Carissa Rodeheaver, Executive Chairman of the Board, "2025 was a truly remarkable year for First United as we celebrated our 125th anniversary-an extraordinary milestone in our history. Throughout the year, we had the privilege of honoring the relationships we've built with our clients while highlighting our ongoing commitment to future generations through trust, innovation, and meaningful community impact. In addition to commemorating our legacy, we delivered a record year of core earnings, excluding a non-recurring markdown on a foreclosure property. Our performance was driven by a strong net interest margin, robust loan, deposit and trust production, and our continued disciplined approach to expense management. As we look to the future, I am pleased to recognize Jason B. Rush as First United's newly appointed President and Chief Executive Officer. We are confident that Jason will continue to advance our mission and uphold our uncommon commitment to exceptional service and comprehensive financial solutions for our clients and communities."
Trade with 70% Backtested Accuracy
Analyst Views on FUNC
No data
About FUNC
About the author
First United Reports Q4 Earnings Results
- Earnings Per Share: First United reported a Non-GAAP EPS of $1.11 for Q4, indicating the company's stable profitability despite facing market challenges, which may enhance investor confidence.
- Revenue Performance: The company achieved total revenue of $23.32 million in Q4, reflecting strong sales performance in the current economic environment and demonstrating the resilience of its business model.
- Financial Health: With continuous revenue growth and robust profitability, First United further solidifies its position in the financial services industry, laying a foundation for future investments and expansion.
- Investor Interest: Following the earnings release, market attention on First United has increased, with analysts expressing optimism about its future growth potential, which could attract more investor interest.
First United Corporation Declares $0.26 Cash Dividend Payable February 2, 2026
- Dividend Announcement: First United Corporation has declared a cash dividend of $0.26 per share, payable on February 2, 2026, aimed at rewarding shareholders and enhancing investor confidence.
- Record Date for Shareholders: The record date for this dividend is January 16, 2026, ensuring that investors holding shares by this date will receive the dividend, thereby strengthening the relationship between the company and its shareholders.
- Company Background: First United Corporation serves as the parent company of First United Bank & Trust, which provides commercial banking services in Maryland and operates several financial subsidiaries, highlighting its significant role in the local economy.
- Low-Income Housing Investment: The company is involved in the development and operation of low-income housing through its subsidiaries, indicating a commitment to social responsibility and community development, which may enhance its brand image and attract more investor interest.
First United Corporation Reveals Upcoming Retirement of Chairman, President, and CEO Carissa L. Rodeheaver
Retirement Announcement: Carissa L. Rodeheaver, Chairman, President, and CEO of First United Corporation, will retire after the 2026 annual meeting, transitioning to Executive Chairman until her retirement in May 2026.
Leadership Achievements: Under Rodeheaver's leadership since 2016, First United experienced significant growth, record financial performance, and enhanced its reputation through community-focused initiatives and digital transformation.
Succession Plan: Jason B. Rush, currently Senior Vice President & COO, will succeed Rodeheaver as President and CEO effective January 1, 2026, following a planned succession strategy.
Future Plans: After retirement, Rodeheaver will provide advisory support for a smooth transition while focusing on personal interests such as family and travel.
Jason Rush Named New CEO of First United Corp as Carissa Rodeheaver Announces Retirement
New CEO Appointment: First United Corp. has appointed Jason Rush as the new CEO and President, effective January 1, 2026, succeeding Carissa Rodeheaver, who will retire after the 2026 annual meeting.
Current Role and Experience: Jason Rush, currently the Chief Operating Officer, has been with the bank since 1993 and has served as the operating chief since 2017.
First United Corporation Sees Profit Increase in Q3
Earnings Growth: First United Corporation reported third-quarter earnings of $6.94 million, or $1.07 per share, an increase from $5.77 million, or $0.89 per share, in the same period last year.
Revenue Increase: The company's revenue rose by 14.3% to $17.40 million, compared to $15.22 million in the previous year.
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS
Financial Performance: First United Corporation reported a net income of $6.9 million for Q3 2025, an increase from $5.8 million in Q3 2024, driven by higher net interest income and effective expense management. The net income for the first nine months of 2025 was $18.7 million, up from $14.4 million in the same period last year.
Loan and Deposit Growth: The bank experienced strong loan production with $29.8 million in commercial loan originations and $20.8 million in residential mortgage originations during Q3 2025. Total deposits increased by $104.1 million since December 31, 2024, primarily due to new brokered time deposits and growth in savings and money market accounts.
First United Reports Q4 Earnings Results
- Earnings Per Share: First United reported a Non-GAAP EPS of $1.11 for Q4, indicating the company's stable profitability despite facing market challenges, which may enhance investor confidence.
- Revenue Performance: The company achieved total revenue of $23.32 million in Q4, reflecting strong sales performance in the current economic environment and demonstrating the resilience of its business model.
- Financial Health: With continuous revenue growth and robust profitability, First United further solidifies its position in the financial services industry, laying a foundation for future investments and expansion.
- Investor Interest: Following the earnings release, market attention on First United has increased, with analysts expressing optimism about its future growth potential, which could attract more investor interest.
First United Corporation Declares $0.26 Cash Dividend Payable February 2, 2026
- Dividend Announcement: First United Corporation has declared a cash dividend of $0.26 per share, payable on February 2, 2026, aimed at rewarding shareholders and enhancing investor confidence.
- Record Date for Shareholders: The record date for this dividend is January 16, 2026, ensuring that investors holding shares by this date will receive the dividend, thereby strengthening the relationship between the company and its shareholders.
- Company Background: First United Corporation serves as the parent company of First United Bank & Trust, which provides commercial banking services in Maryland and operates several financial subsidiaries, highlighting its significant role in the local economy.
- Low-Income Housing Investment: The company is involved in the development and operation of low-income housing through its subsidiaries, indicating a commitment to social responsibility and community development, which may enhance its brand image and attract more investor interest.
First United Corporation Reveals Upcoming Retirement of Chairman, President, and CEO Carissa L. Rodeheaver
Retirement Announcement: Carissa L. Rodeheaver, Chairman, President, and CEO of First United Corporation, will retire after the 2026 annual meeting, transitioning to Executive Chairman until her retirement in May 2026.
Leadership Achievements: Under Rodeheaver's leadership since 2016, First United experienced significant growth, record financial performance, and enhanced its reputation through community-focused initiatives and digital transformation.
Succession Plan: Jason B. Rush, currently Senior Vice President & COO, will succeed Rodeheaver as President and CEO effective January 1, 2026, following a planned succession strategy.
Future Plans: After retirement, Rodeheaver will provide advisory support for a smooth transition while focusing on personal interests such as family and travel.
Jason Rush Named New CEO of First United Corp as Carissa Rodeheaver Announces Retirement
New CEO Appointment: First United Corp. has appointed Jason Rush as the new CEO and President, effective January 1, 2026, succeeding Carissa Rodeheaver, who will retire after the 2026 annual meeting.
Current Role and Experience: Jason Rush, currently the Chief Operating Officer, has been with the bank since 1993 and has served as the operating chief since 2017.
First United Corporation Sees Profit Increase in Q3
Earnings Growth: First United Corporation reported third-quarter earnings of $6.94 million, or $1.07 per share, an increase from $5.77 million, or $0.89 per share, in the same period last year.
Revenue Increase: The company's revenue rose by 14.3% to $17.40 million, compared to $15.22 million in the previous year.
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS
Financial Performance: First United Corporation reported a net income of $6.9 million for Q3 2025, an increase from $5.8 million in Q3 2024, driven by higher net interest income and effective expense management. The net income for the first nine months of 2025 was $18.7 million, up from $14.4 million in the same period last year.
Loan and Deposit Growth: The bank experienced strong loan production with $29.8 million in commercial loan originations and $20.8 million in residential mortgage originations during Q3 2025. Total deposits increased by $104.1 million since December 31, 2024, primarily due to new brokered time deposits and growth in savings and money market accounts.
