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. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities. It also provides loans, such as 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; residential mortgage loans; home equity lines of credit; residential real estate construction loans; indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit, and night depository facilities. It operates 25 banking offices, one customer care center, and 32 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, Monongalia, and Harrison counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.
IPO Year:
Exchange: NASDAQ
Website: mybank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2025 | $42.00 | Mkt Perform → Outperform | Raymond James |
| 2/8/2022 | $24.00 → $26.00 | Outperform | Raymond James |
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Raymond James upgraded First United Corp from Mkt Perform to Outperform and set a new price target of $42.00
Raymond James reiterated coverage of First United with a rating of Outperform and set a new price target of $26.00 from $24.00 previously
Raymond James initiated coverage of First United with a rating of Outperform and set a new price target of $24.00
4 - FIRST UNITED CORP/MD/ (0000763907) (Issuer)
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4/A - FIRST UNITED CORP/MD/ (0000763907) (Issuer)
OAKLAND, Md., Feb. 5, 2025 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and 12-month periods ended December 31, 2024. Consolidated net income was $6.2 million for the fourth quarter of 2024, or $0.95 per diluted share, compared to $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023 and $5.8 million, or $0.89 per diluted share, for the third quarter of 2024. For the year ended December 31, 2024, net income was $20.6 million, or $3.15 per diluted share, compared to $15.1 million, or $
OAKLAND, Md., Nov. 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on February 3, 2025, to holders of record of the Corporation's common stock as of the close of business on January 17, 2025. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purpo
OAKLAND, Md., Oct. 21, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and nine-month periods ended September 30, 2024. Consolidated net income was $5.8 million for the third quarter of 2024, or $0.89 per diluted share, compared to $4.5 million, or $0.67 per diluted share, for the third quarter of 2023 and $4.9 million, or $0.75 per diluted share, for the second quarter of 2024. Year-to-date income was $14.4 million, or $2.19 per diluted share, compared to $13.3 million, or $1.98 per diluted share, f
OAKLAND, Md., Sept. 25, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on November 1, 2024, to holders of record of the Corporation's common stock as of October 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 22, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and six-month periods ended June 30, 2024. Consolidated net income was $4.9 million, or $0.75 per diluted share, for the second quarter of 2024, compared to $4.4 million, or $0.66 per diluted share, for the second quarter of 2023 and $3.7 million, or $0.56 per diluted share, for the first quarter of 2024. Year to date income was $8.6 million, or $1.31 per diluted share, compared to $8.8 million, or $1.31 per diluted share, for the
OAKLAND, Md., June 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2024, to holders of record of the Corporation's common stock as of July 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and
OAKLAND, Md., April 23, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023. According to Carissa Rodeheaver, Chairman, President and CEO, "The first quarter of 2024 was a solid quarter with stable net income impac
OAKLAND, Md., March 6, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on May 1, 2024, to holders of record of the Corporation's common stock as of April 17, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disp
OAKLAND, Md., Feb. 5, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and twelve-month periods ended December 31, 2023. For the year ended December 31, 2023, consolidated net income was $15.1 million, or $2.25 per basic share and $2.24 per diluted share, compared to $25.0 million, or $3.77 per basic share and $3.76 per diluted share, for the year ended December 31, 2022. According to Carissa Rodeheaver, Chairman, President and CEO, "2023 was a challenging year as we experienced industry turmoil, the impact of the rapidly increased rate enviro
OAKLAND, Md., Nov. 29, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation's common stock as of January 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., Feb. 5, 2025 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and 12-month periods ended December 31, 2024. Consolidated net income was $6.2 million for the fourth quarter of 2024, or $0.95 per diluted share, compared to $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023 and $5.8 million, or $0.89 per diluted share, for the third quarter of 2024. For the year ended December 31, 2024, net income was $20.6 million, or $3.15 per diluted share, compared to $15.1 million, or $
OAKLAND, Md., Nov. 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on February 3, 2025, to holders of record of the Corporation's common stock as of the close of business on January 17, 2025. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purpo
OAKLAND, Md., Oct. 21, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and nine-month periods ended September 30, 2024. Consolidated net income was $5.8 million for the third quarter of 2024, or $0.89 per diluted share, compared to $4.5 million, or $0.67 per diluted share, for the third quarter of 2023 and $4.9 million, or $0.75 per diluted share, for the second quarter of 2024. Year-to-date income was $14.4 million, or $2.19 per diluted share, compared to $13.3 million, or $1.98 per diluted share, f
OAKLAND, Md., Sept. 25, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.22 per share that will be payable on November 1, 2024, to holders of record of the Corporation's common stock as of October 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., July 22, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and six-month periods ended June 30, 2024. Consolidated net income was $4.9 million, or $0.75 per diluted share, for the second quarter of 2024, compared to $4.4 million, or $0.66 per diluted share, for the second quarter of 2023 and $3.7 million, or $0.56 per diluted share, for the first quarter of 2024. Year to date income was $8.6 million, or $1.31 per diluted share, compared to $8.8 million, or $1.31 per diluted share, for the
OAKLAND, Md., June 20, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on August 1, 2024, to holders of record of the Corporation's common stock as of July 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and
OAKLAND, Md., April 23, 2024 /PRNewswire/ -- First United Corporation (the "Corporation, "we", "us", and "our") (NASDAQ:FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three-month period ended March 31, 2024. Consolidated net income was $3.7 million for the first quarter of 2024, or $0.56 per diluted share, compared to $4.4 million, or $0.65 per diluted share, for the first quarter of 2023 and $1.8 million, or $0.26 per diluted share, for the fourth quarter of 2023. According to Carissa Rodeheaver, Chairman, President and CEO, "The first quarter of 2024 was a solid quarter with stable net income impac
OAKLAND, Md., March 6, 2024 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on May 1, 2024, to holders of record of the Corporation's common stock as of April 17, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disp
OAKLAND, Md., Nov. 29, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on February 1, 2024, to holders of record of the Corporation's common stock as of January 18, 2024. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
OAKLAND, Md., Sept. 27, 2023 /PRNewswire/ -- First United Corporation (NASDAQ:FUNC) announces that its Board of Directors declared a cash dividend of $.20 per share that will be payable on November 1, 2023, to holders of record of the Corporation's common stock as of October 18, 2023. About First United Corporation First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers. The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing
SCHEDULE 13G/A - FIRST UNITED CORP/MD/ (0000763907) (Subject)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
10-Q - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
10-K/A - FIRST UNITED CORP/MD/ (0000763907) (Filer)
8-K - FIRST UNITED CORP/MD/ (0000763907) (Filer)
10-Q - FIRST UNITED CORP/MD/ (0000763907) (Filer)