First United reports Q2 EPS 92c vs. 75c last year
Financial Performance: In Q2, the net interest margin increased to 3.65% from 3.49% last year, and tangible book value per share rose to $27.64 from $23.55.
Growth Strategy: CEO Carissa Rodeheaver highlighted strong loan production and a focus on expanding the team in Morgantown, while also emphasizing the importance of technology for long-term efficiency and customer experience enhancement.
Trade with 70% Backtested Accuracy
Analyst Views on FUNC
No data
About FUNC
About the author
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.
