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FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2025 FINANCIAL RESULTS
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 twelve-month periods ended December 31, 2025. Generally Accepted Accounting Principles ("GAAP") net income was $24.5 million for the year, or $3.77 per diluted share compared to $20.6 million, or $3.15 per diluted share for the same period of 2024. GAAP net income was $5.8
About this update from First
[{"type":"text","content":"OAKLAND, Md., Feb. 4, 2026 /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 twelve-month periods ended December 31, 2025. Generally Accepted Accounting Principles ("GAAP") net income was $24.5 million for the year, or $3.77 per diluted share compared to $20.6 million, or $3.15 per diluted share for the same period of 2024. GAAP net income was $5.8 million for the fourth quarter of 2025, or $0.89 per diluted share, compared to $6.2 million, or $0.95 per diluted share, for the fourth quarter of 2024 and $6.9 million, or $1.07 per diluted share, for the third quarter of 2025. Non-GAAP net income, exclusive of losses on contracted sale of a retail branch office, write-downs of other real estate owned ("OREO"), and net gains on sales of investments, was $25.8 million, or $3.97 per diluted share yielding record core earnings for the year ended December 31, 2025. Non-GAAP net income, exclusive of accelerated depreciation of fixed assets associated with branch closures, was $21.0 million, or $3.21 per diluted share for the year ended December 31, 2024. Non-GAAP net income was $7.2 million, or $1.10 per diluted share, for the fourth quarter of 2025 compared to $6.2 million, or $0.95 per diluted share for the fourth quarter of 2024 and $6.9 million, or $1.07 per diluted share, for the third quarter of 2025. GAAP Return on Average Assets and Return on Average Equity for the year ended December 31, 2025, were 1.21% and 12.70%, respectively.","length":1719,"tagName":"p"},{"type":"image","alt":"First United Corporation logo (PRNewsfoto/First United Corporation)","displaySize":"","headline":null,"caption":"First United Corporation logo (PRNewsfoto/First United Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":181,"url":"https://media.zenfs.com/en/prnewswire.com/693cd97e11791b079922cccf91478164"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mTBobt.6DFCVleBlV20Xyg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMxOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/693cd97e11791b079922cccf91478164","width":400,"height":181}},"href":"https:...