First United Corporation (FUNC)

Several events impacted First United Corp.'s stock price over the past six months. The announcement of CEO succession resulted in a mild positive market reaction. The Q4 2025 financial results, highlighting record core earnings, led to a stock increase despite a GAAP net income decline. A stock repurchase program was approved, authorizing the company to buy back up to 1,000,000 shares. Quarterly cash dividends were declared, maintaining a track record of consecutive dividend increases. Over the past year, FUNC's share price has moved by +18.03% and has outperformed the S&P500 Index by +3.42%.

Demand for First United Corp.'s products and services exhibits some seasonality. The company has noted seasonal fluctuations in municipal and commercial account balances, impacting checking deposits in the first quarter. Residential mortgage loan production, particularly construction lending, tends to decrease in the fourth quarter.

First United Corporation (FUNC) is a financial holding company operating through First United Bank & Trust, providing retail and commercial banking services. Its offerings include deposit products, diverse lending solutions, brokerage services, treasury management, trust services, safe deposit facilities, insurance products, and digital banking services.

First United Corporation is headquartered in Oakland, Maryland, serving local communities and businesses in the Mid-Atlantic region. Its banking offices are located across Maryland, West Virginia, Pennsylvania, and Virginia.

First United Corp. maintains a positive brand reputation, emphasizing a community-centric approach and commitment to innovation. The company focuses on personalized financial guidance, community engagement, and strong financial performance. First United Bank was recognized by Forbes in 2022 as one of "America's Best Banks in Each State" and received the American Bankers Association 2022 Brand Slam Award.

First United Corp.'s ownership is distributed among public companies, retail investors, and institutional investors. Public companies and retail investors hold approximately 52.17% of the common stock. Mutual Funds & ETFs own about 23.67% and other institutional investors hold approximately 24.17%. Major institutional holders include BlackRock, Inc., Dimensional Fund Advisors LP, and The Vanguard Group, Inc. Top mutual fund holders include Vanguard Index Funds - Vanguard Total Stock Market ETF, iShares Trust - iShares Russell 2000 ETF, and American Century ETF Trust - Avantis U.S. Small Cap Value Fund.