First United Corporation (FUNC) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.52%. A quarter ago, it was expected that this company would post earnings of $0.8 per share when it actually produced earnings of $0.89, delivering a surprise of +11.25%.Over the last four quarters, the ...

Exhibit 99.1 FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS OAKLAND, MARYLAND— July 21, 2025: 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, 2025. Consolidated net income was $6.0 million for the second quarter of 2025, or $0.92 per diluted common share, compared to $4.9 mi ...

OAKLAND, Md., July 21, 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 six-month periods ended June 30, 2025.  Consolidated net income was $6.0 million for the second quarter of 2025, or $0.92 per diluted common share, compared to $4.9 million, or $0.75 per diluted common share, for the second quarter of 2024 an ...

First United Corporation (FUNC) shares ended the last trading session 6.1% higher at $31.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.8% loss over the past four weeks.First United became a part of the Russell 2500 Index, a mid-cap benchmark, effective yesterday. The bank’s inclusion signals its market cap growth and compliance with index criteria. This move boosted short-term liquidity and trading volume a ...

OAKLAND, Md., June 18, 2025 /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 August 1, 2025, to holders of record of the Corporation's common stock as of the close of business on July 18, 2025. About First United CorporationFirst 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 incl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For quarterly period ended March 31, 2025 ◻ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from _______________ to ________________ Commission file number 0-14237 First United Corporation (Exact name of registrant as specified in its charter) | Maryland | 52-1380770 | | --- | -- ...

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Group 1 - First United Corporation (FUNC) reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.80 per share, and up from $0.62 per share a year ago, representing an earnings surprise of 11.25% [1] - The company posted revenues of $20.89 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.39%, compared to year-ago revenues of $18.61 million [2] - First United has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has underperformed, losing about 16.9% since the beginning of the year, compared to the S&P 500's decline of 10.2% [3] - The current consensus EPS estimate for the coming quarter is $0.81 on revenues of $21.1 million, and for the current fiscal year, it is $3.45 on revenues of $85.8 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Consolidated net income for Q1 2025 was $5.8 million, or $0.89 per diluted share, compared to $3.7 million, or $0.56 per diluted share in Q1 2024, reflecting a 56.8% year-over-year increase[2][5][6] - Net income for the quarter ended March 31, 2025, was $5.806 million, an increase of 57.0% from $3.698 million for the same period in 2024[32] - Basic net income per share for Q1 2025 was $0.90, down from $0.95 in Q4 2024[35] - Net income for Q1 2025 was $5,806,000, a decrease of 6.1% compared to $6,186,000 in Q4 2024[35] - Adjusted net income (non-GAAP) for Q1 2025 was $5,806 thousand, compared to $4,123 thousand in Q1 2024, reflecting a 40.8% increase[42] Asset and Deposit Growth - Total assets increased by $6.7 million to $2.0 billion as of March 31, 2025, with cash and interest-bearing deposits in other banks rising by $6.1 million[17] - Total assets at the end of Q1 2025 were $1,979,753,000, a slight increase from $1,973,022,000 in Q4 2024[36] - Total deposits increased to $1.623 billion at March 31, 2025, from $1.575 billion at December 31, 2024, representing a growth of 3.0%[33] - Total deposits increased to $1,623,574,000 in Q1 2025, up from $1,574,829,000 in Q4 2024[36] - Total deposits rose to $1,623,574 thousand, up 3.08% from $1,574,829 thousand in the previous quarter[37] Loan Production and Quality - Loan production included $36.1 million in commercial loan originations and $11.4 million in residential mortgage originations during Q1 2025[7][21][22] - The pipeline of commercial loans as of March 31, 2025, was $56.0 million, indicating potential future growth[21] - Non-accrual loans totaled $4.0 million at March 31, 2025, down from $4.9 million at December 31, 2024, indicating a decrease of 18.4%[27] - Nonperforming loans and 90-day past due loans totaled $4,259,000 in Q1 2025, down from $5,849,000 in Q4 2024[36] - The allowance for credit losses (ACL) was $18.5 million at March 31, 2025, compared to $18.0 million at March 31, 2024, and $18.2 million at December 31, 2024, with a ratio of ACL to loans outstanding at 1.25%[25] Interest Income and Margins - Net interest margin on a non-GAAP, fully tax equivalent basis was 3.56% for Q1 2025, driven by increased loan yields and stable funding costs[7] - The net interest income for the quarter ended March 31, 2025, was $16.016 million, up from $13.812 million in the same quarter of 2024, reflecting a growth of 15.9%[32] - Net interest income for Q1 2025 was $16,016 thousand, an increase of 8.7% compared to $13,812 thousand in Q1 2024[38] - The net interest spread improved to 2.89%, up from 2.29% in the same quarter last year, indicating enhanced profitability from interest-earning assets[44] Operating Expenses and Efficiency - Operating expenses increased by $0.5 million compared to the linked quarter, primarily due to a $0.9 million increase in salaries and employee benefits[15] - The efficiency ratio (non-GAAP) improved to 59.95% for the quarter ended March 31, 2025, compared to 65.71% for the same period in 2024[32] - The efficiency ratio (non-GAAP) improved to 59.95% in Q1 2025 from 61.31% in Q4 2024[35] Shareholder Value - The book value of common stock increased to $28.35 per share at March 31, 2025, up from $27.71 per share at December 31, 2024[24] - The closing market value of the stock was $30.02 at March 31, 2025, compared to $22.91 at March 31, 2024, reflecting an increase of 31.5%[32] - The closing market value decreased to $30.02 in Q1 2025 from $33.71 in Q4 2024[35] - Shareholders' equity increased to $183,463 thousand from $163,944 thousand, representing an increase of 11.8%[44] Tax and Regulatory Metrics - The effective income tax rate for Q1 2025 was 24.6%, compared to 23.9% in Q1 2024[16] - Tier 1 capital ratio was 14.87% at the end of Q1 2025, up from 14.70% in Q4 2024[36] Other Financial Metrics - The return on average assets for the year-to-date period ended March 31, 2025, was 1.19%, up from 0.76% for the same period in 2024[32] - Return on average assets for Q1 2025 was 1.19%, an increase from 1.06% in Q4 2024[35] - Return on average assets improved to 1.19% in Q1 2025, up from 0.76% in Q1 2024[43] - Return on average equity increased to 12.83% in Q1 2025, compared to 9.07% in Q1 2024[43]

Core Viewpoint - The market anticipates First United Corporation (FUNC) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - First United is expected to post quarterly earnings of $0.80 per share, reflecting a year-over-year increase of +29% [3]. - Revenues are projected to reach $20.6 million, which is a 10.7% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 7.95% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for First United matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from the consensus estimate, with positive readings being more predictive of earnings beats [6][7]. - A positive Earnings ESP combined with a strong Zacks Rank significantly increases the chances of a positive surprise, with a success rate of nearly 70% [8]. Historical Performance - First United has consistently beaten consensus EPS estimates, achieving this in the last four quarters [13]. - In the most recent quarter, the company exceeded expectations by delivering earnings of $0.95 per share against an expected $0.86, resulting in a surprise of +10.47% [12]. Industry Context - In the Zacks Banks - Northeast industry, HBT Financial is expected to report earnings of $0.57 per share, unchanged from the previous year, with revenues anticipated at $56.7 million, up 8.4% [17]. - HBT Financial's consensus EPS estimate has remained stable, but a lower Most Accurate Estimate has led to an Earnings ESP of -3.51%, combined with a Zacks Rank of 4, indicating challenges in beating the consensus [18].