Exhibit 99.1 FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2025 FINANCIAL RESULTS Fourth Quarter 2025 Compared to Third Quarter 2025 Compared to the linked quarter, net income decreased by $1.2 million. Net interest income increased by $0.6 million due to an increase in interest and fees on loans of $0.2 million, an increase in interest on Federal Funds sold of $0.2 million, and a decrease of interest expense on long-term borrowings of $0.2 million. Provision for credit losses increased by $0.2 million ...

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 ...

Group 1 - First United Corporation declared a cash dividend of $0.26 per share, payable on February 2, 2026, to shareholders of record as of January 16, 2026 [1] - First United Corporation is the parent company of First United Bank & Trust, which operates as a Maryland trust company with commercial banking powers [1] - The Bank's subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both finance companies, and First OREO Trust, which manages real estate acquired through foreclosure [1] Group 2 - The Corporation holds a 99.9% interest in Liberty Mews Limited Partnership, focused on low-income housing development in Garrett County, Maryland [1] - Additionally, the Corporation owns a 99.9% non-voting membership interest in MCC FUBT Fund, LC, aimed at low-income housing in Allegany County, Maryland [1]

Core Points - Carissa L. Rodeheaver, Chairman, President, and CEO of First United Corporation, will retire after the 2026 annual meeting, with a transition to Executive Chairman starting January 1, 2026 [1][2] - Under Rodeheaver's leadership since 2016, First United has experienced transformative growth, record financial performance, and a steady increase in stock price [2][3] - Jason B. Rush will succeed Rodeheaver as President and CEO effective January 1, 2026, having served as Senior Vice President and COO since 2017 [4][5] Company Performance - First United Corporation achieved record financial performance and maintained a balanced approach to growth and risk management during Rodeheaver's tenure [2][3] - As of September 30, 2025, the Corporation reported assets of $2 billion [6] Leadership and Initiatives - Rodeheaver has been instrumental in enhancing shareholder value, advancing digital transformation, and fostering a culture of integrity and community engagement [3][5] - The establishment of the First United Community Dreams Foundation and the launch of the financial education platform, Finture, were key initiatives during her leadership [3] Succession Planning - The Board of Directors has a succession plan in place, with Jason B. Rush set to take over leadership roles, ensuring continuity in management [4][5] - Following her retirement, Rodeheaver will remain available in an advisory capacity to support the transition [5]

Financial Performance - Consolidated net income for Q3 2025 was $6.9 million, or $1.07 per share, up from $5.8 million, or $0.89 per share, in Q3 2024[170] - Basic net income per share for the nine months ended September 30, 2025, was $2.89, up from $2.20 in the same period of 2024, representing a growth of 31.4%[197] - Return on Average Assets for the nine months ended September 30, 2025, was 1.24%, an increase from 0.99% in the same period of 2024[197] Income and Expenses - Net interest income increased by $5.8 million for the first nine months of 2025, driven by a $6.4 million rise in interest income due to higher loan rates[172] - Operating expenses increased by $0.7 million in Q3 2025, with salaries and employee benefits accounting for a $0.4 million rise due to merit increases and staffing[175] - Other operating expenses for the first nine months of 2025 increased by $1.0 million, mainly due to a $0.7 million rise in salaries and employee benefits[176] Assets and Liabilities - Total assets as of September 30, 2025, were $2.0 billion, with net loans at $1.5 billion and deposits at $1.7 billion[168] - Total liabilities at September 30, 2025, were $1.8 billion, reflecting an increase of $31.1 million since December 31, 2024[199] - Total deposits increased by $104.1 million compared to December 31, 2024, driven by new brokered time deposits and increases in savings and money market accounts[199] Interest Income and Margin - Interest income for Q3 2025 was $25.8 million, compared to $23.3 million in Q3 2024, reflecting a year-over-year increase[179] - Net interest margin for the nine months ended September 30, 2025, was 3.64%, up from 3.34% in the same period of 2024[179] - The net interest margin for the third quarter of 2025 was 3.69%, compared to 3.46% in the same quarter of 2024[183] Credit Quality - Provision for credit losses decreased by $0.4 million in the first nine months of 2025, attributed to strong credit quality and lower charge-offs[172] - Net credit loss expense for the first nine months of 2025 was $2.0 million, a decrease from $2.4 million in the same period of 2024, attributed to strong credit quality[191] - Non-accrual loans decreased to $3.8 million at September 30, 2025, down from $4.9 million at December 31, 2024, due to principal paydowns and a charge-off of $0.5 million[203] Capital Ratios - As of September 30, 2025, the Bank's Total Capital ratio was 15.42%, exceeding the required 8.00% for capital adequacy[251] - The Tier 1 Capital ratio was reported at 14.17% as of September 30, 2025, above the required 6.00%[251] - The Bank was considered "well capitalized" under the regulatory framework for prompt corrective action as of both September 30, 2025, and December 31, 2024[251] Loan Production - New commercial loan production for Q3 2025 was approximately $29.8 million, with year-to-date production at $139.0 million, up from $117.0 million for the same period in 2024[201] - New consumer mortgage loan production for Q3 2025 was approximately $20.8 million, primarily consisting of in-house mortgages[202] Investment Portfolio - The total amortized cost basis of the available-for-sale investment portfolio was $123.2 million, with a fair value of $105.1 million as of September 30, 2025[216] - The total fair value of investment securities available for sale increased by $10.6 million since December 31, 2024, due to reinvestment into higher yield securities[216] - The company reported a net unrealized loss of $18.1 million on available-for-sale securities, reflecting the difference between fair value and amortized cost[216]

Core Insights - U.S. stocks experienced a rise, driven by strong quarterly earnings from companies like Cisco Systems and Wal-Mart, with the Dow Jones industrial average increasing by over 180 points [2] Company Analysis - First United Corp (FUNC) is highlighted as a stock pick, currently priced at $36 per share, with a compounded annual growth in revenue and net operating profit after tax (NOPAT) of 7% and 18% since 2014, respectively [5] - The NOPAT margin for First United has improved from 8% in 2014 to 23% in the trailing twelve months (TTM), while invested capital turns increased from 0.4 to 0.5 during the same period [5] - The return on invested capital (ROIC) for First United has risen from 4% in 2014 to 12% in the TTM, indicating strong operational efficiency [5] Valuation Insights - At its current price, FUNC has a price-to-economic book value (PEBV) ratio of 0.6, suggesting that the market anticipates a permanent decline of 40% in NOPAT from TTM levels, which is viewed as overly pessimistic given the company's historical growth [6] - Even with a conservative scenario where NOPAT margin decreases to 14% and revenue grows by 3% annually through 2034, the stock could be valued at $47 per share, representing a 31% upside [7] - If First United's profits grow in line with historical levels, the potential upside for the stock is even greater [8] Financial Adjustments - Adjustments made to First United's financial filings included nearly $10 million in income statement adjustments, resulting in a net effect of removing under $5 million in non-operating expenses [9] - Adjustments to the balance sheet totaled just under $90 million, with a net increase of over $40 million in invested capital, notably including adjustments for other comprehensive income [10] - Valuation adjustments amounted to just under $20 million, with a net increase of under $5 million, primarily due to overfunded pensions [10]

Financial Performance - Net income for Q3 2025 was $6.9 million, or $1.07 per diluted share, up from $5.8 million, or $0.89 per diluted share in Q3 2024, representing a 19% year-over-year increase[2] - For the first nine months of 2025, net income was $18.7 million, up from $14.4 million in the same period of 2024, marking a 30% increase[8] - Net income for September 2025 was $6,948,000, compared to $5,984,000 in June 2025, reflecting a growth of 16.19%[39] - Net income for Q3 2025 was $6,948,000, an increase of 20.3% from $5,771,000 in Q3 2024[48] - Adjusted net income (non-GAAP) for the nine months ended September 30, 2025, was $18,738,000, up 26.5% from $14,808,000 in the same period of 2024[48] Interest Income and Expenses - Net interest income increased by $2.2 million in Q3 2025 compared to Q3 2024, driven by a $2.0 million increase in interest and fees on loans due to higher rates and loan repricing[5] - The net interest margin on a non-GAAP, fully tax equivalent basis was 3.69% for Q3 2025, reflecting increased loan yields and stable funding costs[6] - Net interest income for the three months ended September 30, 2025, was $17,403,000, an increase of 14.4% from $15,228,000 in the same period of 2024[35] - Total interest income for Q3 2025 reached $25,762,000, an increase of 3.6% from $24,871,000 in Q2 2025[43] - The total interest expense for Q3 2025 was $8,359,000, an increase from $8,164,000 in Q2 2025, reflecting a growth of 2.4%[43] Assets and Liabilities - Total assets reached $2.0 billion as of September 30, 2025, an increase of $51.0 million since December 31, 2024[19] - Total liabilities increased by $31.1 million to $1.8 billion as of September 30, 2025, with total deposits rising by $104.1 million[20] - Total assets at the end of September 30, 2025, reached $2,023,974,000, up from $1,973,022,000 at the end of December 2024, representing a growth of 2.6%[36] - Total deposits increased to $1,678,902,000 as of September 30, 2025, compared to $1,574,829,000 at the end of December 2024, marking a rise of 6.6%[37] Loans and Credit Quality - Outstanding loans increased by $16.0 million to $1.5 billion as of September 30, 2025[21] - The allowance for credit losses was $19.1 million at September 30, 2025, compared to $18.0 million a year earlier, with a provision for credit losses of $0.5 million for Q3 2025[28] - The ratio of net charge-offs to average loans was 0.08% for the nine months ended September 30, 2025, down from 0.18% for the same period in 2024[29] - Non-accrual loans decreased to $3.8 million at September 30, 2025, from $4.9 million at December 31, 2024[30] - Non-performing loans and loans 90 days past due represented 0.31% of total loans as of September 30, 2025, compared to 0.39% in the previous year[37] Shareholder Information - A cash dividend of $0.26 per common share was declared in Q3 2025[6] - The book value of common stock increased to $30.65 per share at September 30, 2025, compared to $27.71 per share at December 31, 2024, driven by undistributed net income of $14.2 million[27] - Shareholders' equity increased to $199,099,000 at the end of September 30, 2025, up from $179,295,000 at the end of December 2024, indicating a growth of 11.1%[37] Operational Efficiency - Operating expenses for Q3 2025 increased by $0.7 million year-over-year, primarily due to a $0.4 million rise in salaries and employee benefits[15] - The efficiency ratio (non-GAAP) improved to 58.73% for the nine months ended September 30, 2025, down from 62.46% in the same period of 2024[35] - The return on average assets for September 2025 was 1.24%, consistent with the previous quarter[39] - Return on Average Assets (ROAA) for the nine months ended September 30, 2025, improved to 1.24%, up from 0.99% in 2024[50] - Return on Average Equity (ROAE) for the nine months ended September 30, 2025, increased to 13.23%, compared to 11.52% in 2024[50] Future Outlook - The company plans to expand its market presence through strategic partnerships and new product offerings in the upcoming quarters[41]

分组1 - First United Corporation (FUNC) reported quarterly earnings of $1.07 per share, exceeding the Zacks Consensus Estimate of $0.89 per share, and showing an increase from $0.89 per share a year ago, resulting in an earnings surprise of +20.22% [1] - The company achieved revenues of $22.8 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.01%, and up from $20.14 million in the same quarter last year [2] - Over the last four quarters, First United has consistently surpassed consensus EPS and revenue estimates [2] 分组2 - The stock has added approximately 0.9% since the beginning of the year, while the S&P 500 has gained 13.3%, indicating underperformance relative to the broader market [3] - The current consensus EPS estimate for the upcoming quarter is $0.95 on revenues of $22.73 million, and for the current fiscal year, it is $3.65 on revenues of $87.59 million [7] - The Zacks Industry Rank for Banks - Northeast, to which First United belongs, is currently in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Group 1 - First United Corporation's Board of Directors declared a cash dividend of $0.26 per share, payable on November 3, 2025, to shareholders of record as of October 17, 2025 [1] - First United Corporation is the parent company of First United Bank & Trust, which operates as a Maryland trust company with commercial banking powers [1] - The Bank has several wholly-owned subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, which are finance companies [1] Group 2 - The Bank also owns interests in real estate entities formed for holding, servicing, and disposing of properties acquired through foreclosure [1] - First United Corporation has a 99.9% interest in Liberty Mews Limited Partnership, focused on low-income housing development in Garrett County, Maryland [1] - Additionally, the Corporation holds a 99.9% non-voting membership interest in MCC FUBT Fund, LC, aimed at low-income housing in Allegany County, Maryland [1]

Core Viewpoint - First United Corporation (FUNC) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, indicating potential for stock price increase [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system is primarily driven by changes in a company's earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [2][3]. - The recent upgrade reflects a positive outlook on First United's earnings, which is expected to lead to buying pressure and an increase in stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between earnings estimate revisions and near-term stock price movements, making the tracking of these revisions crucial for investment decisions [5][7]. - First United's earnings estimate for the fiscal year ending December 2025 is projected at $3.65 per share, with a 4.3% increase in the Zacks Consensus Estimate over the past three months [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - First United's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10][11].