PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited consolidated financial statements for Q1 2025 and 2024, detailing financial condition, operations, cash flows, and accounting policies [Consolidated Statements of Financial Condition](index=4&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) Total assets grew to **$1.98 billion**, with shareholders' equity increasing to **$183.7 million** from retained earnings Consolidated Statements of Financial Condition (in thousands) | Account | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$1,979,753** | **$1,973,022** | | Net loans | $1,460,945 | $1,462,181 | | Total investment securities (AFS & HTM) | $274,142 | $269,991 | | Cash and cash equivalents | $84,431 | $78,327 | | **Total Liabilities** | **$1,796,059** | **$1,793,727** | | Total deposits | $1,623,574 | $1,574,829 | | Total borrowings (Short & Long-term) | $141,271 | $186,338 | | **Total Shareholders' Equity** | **$183,694** | **$179,295** | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 2025 net income rose to **$5.8 million**, driven by **16% higher net interest income** and reduced credit loss expense Quarterly Performance Summary (in thousands, except per share data) | Metric | Q1 2025 (in thousands) | Q1 2024 (in thousands) | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $16,016 | $13,812 | +16.0% | | Total Credit Loss Expense | $656 | $946 | -30.7% | | Total Other Operating Income | $4,914 | $4,875 | +0.8% | | Total Other Operating Expenses | $12,576 | $12,881 | -2.4% | | **Net Income** | **$5,806** | **$3,698** | **+57.0%** | | **Diluted EPS** | **$0.89** | **$0.56** | **+58.9%** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow nearly doubled to **$7.0 million**, with investing activities using **$3.2 million**, resulting in a **$6.1 million** cash increase Cash Flow Summary (in thousands) | Activity | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,965 | $3,588 | | Net cash (used in)/provided by investing activities | ($3,190) | $28,292 | | Net cash provided by financing activities | $2,329 | $5,299 | | **Increase in cash and cash equivalents** | **$6,104** | **$37,179** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Provides detailed disclosures on investment and loan portfolios, ACL, fair value, regulatory capital, and segment reporting - The loan portfolio is segmented into commercial real estate, acquisition and development, commercial and industrial, residential mortgage, and consumer loans for risk management and ACL calculation[41](index=41&type=chunk)[42](index=42&type=chunk) Loan Portfolio Composition (in thousands) | Loan Segment | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | | :--- | :--- | :--- | | Commercial Real Estate | $532,764 | $526,364 | | Acquisition and Development | $94,063 | $95,314 | | Commercial and Industrial | $282,370 | $287,534 | | Residential Mortgage | $520,072 | $518,815 | | Consumer | $50,600 | $52,766 | | **Total Loans** | **$1,479,869** | **$1,480,793** | Allowance for Credit Losses (ACL) Activity (in thousands) | ACL Activity | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Beginning Balance | $18,170 | $17,480 | | Loan charge-offs | ($542) | ($618) | | Recoveries collected | $182 | $159 | | Credit loss expense | $657 | $961 | | **Ending Balance** | **$18,467** | **$17,982** | Bank Capital Ratios | Ratio | March 31, 2025 | Required to be Well Capitalized | | :--- | :--- | :--- | | Total Capital (to risk-weighted assets) | 14.83% | 10.00% | | Tier 1 Capital (to risk-weighted assets) | 13.58% | 8.00% | | Common Equity Tier 1 Capital | 13.58% | 6.50% | | Tier 1 Capital (to average assets) | 10.76% | 5.00% | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=54&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 performance, noting a **$2.1 million** net income increase, strong liquidity, and managed interest rate risk [Results of Operations](index=56&type=section&id=Results%20of%20Operations) Q1 2025 net income rose to **$5.8 million**, driven by a **$2.2 million** increase in net interest income and lower credit loss provisions - The **$2.1 million** increase in quarterly net income was driven by a **$2.2 million** rise in net interest income and a **$0.3 million** decrease in credit loss provisions[151](index=151&type=chunk) Net Interest Income and Margin (Non-GAAP, FTE) | Metric | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Net Interest Income | $16,065 | $13,869 | | Net Interest Margin % | 3.56% | 3.12% | - The provision for credit losses decreased to **$0.7 million** in Q1 2025, primarily due to prior year's provisions for **$12.1 million** in non-accrual commercial loans[162](index=162&type=chunk) [Financial Condition](index=65&type=section&id=Financial%20Condition) Total assets reached **$2.0 billion**, with deposits growing by **$48.7 million** and non-accrual loans decreasing to **$4.0 million** - Total assets increased by **$6.7 million** to **$2.0 billion**, driven by a **$48.7 million** rise in deposits used to repay short-term borrowings[169](index=169&type=chunk)[170](index=170&type=chunk) - Non-accrual loans decreased from **$4.9 million** to **$4.0 million** due to principal reductions[173](index=173&type=chunk) Risk Elements of Loan Portfolio (in thousands) | Metric | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total non-accrual loans | $4,026 | $4,931 | | Total Non-performing assets | $10,123 | $11,713 | | Non-performing assets to total assets | 0.51% | 0.59% | | Allowance for credit losses to non-accrual loans | 458.69% | 368.49% | [Liquidity Management, Market Risk, and Capital Resources](index=73&type=section&id=Liquidity%20Management%2C%20Market%20Risk%2C%20and%20Capital%20Resources) The company maintains strong liquidity with **$558.6 million** in available funding and robust capital, exceeding regulatory thresholds Sources of Liquidity (in thousands) | Source | Total Availability (in thousands) | Amount Used (in thousands) | Net Availability (in thousands) | | :--- | :--- | :--- | :--- | | Internal Sources | $93,458 | $0 | $93,458 | | External Sources | $561,375 | $96,214 | $465,161 | | **Total** | **$654,833** | **$96,214** | **$558,619** | - The company is asset sensitive, expecting net interest income to increase by **$3.5 million** over the next year with a **+100 basis point** rate shock[206](index=206&type=chunk)[215](index=215&type=chunk) - The Bank's capital ratios, including **14.83% Total Capital** and **13.58% Tier 1 Capital**, significantly exceed 'well capitalized' regulatory thresholds[221](index=221&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=79&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a 'smaller reporting company', the company is exempt from providing detailed quantitative and qualitative market risk disclosures - As a 'smaller reporting company' under SEC rules, First United Corporation is not required to include information for this item[226](index=226&type=chunk) [Item 4. Controls and Procedures](index=80&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls are effective, with no material changes to internal control over financial reporting in Q1 2025 - Management, including PEO and PFO, concluded that disclosure controls and procedures are effective at a reasonable assurance level as of March 31, 2025[228](index=228&type=chunk) - No material changes to internal control over financial reporting occurred during Q1 2025[229](index=229&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=81&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings during the period - There are no legal proceedings to report[232](index=232&type=chunk) [Item 1A. Risk Factors](index=81&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors have occurred since the prior disclosure in the 2024 Form 10-K - Management believes no material changes in risk factors have occurred since the 2024 Form 10-K disclosure[233](index=233&type=chunk) [Item 5. Other Information](index=81&type=section&id=Item%205.%20Other%20Information) Officer Julie Peterson terminated a non-Rule 10b5-1 trading arrangement for monthly stock purchases during Q1 2025 - Company officer Julie Peterson terminated a 'non-Rule 10b5-1 trading arrangement' for monthly stock purchases during the quarter[237](index=237&type=chunk) [Item 6. Exhibits](index=82&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the report, including PEO/PFO certifications and Inline XBRL data files - Exhibits include Sarbanes-Oxley Act certifications (Exhibits 31.1, 31.2, 32) and Inline XBRL documents (Exhibit 101 series)[241](index=241&type=chunk)

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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 Insights - First United Corporation reported a consolidated net income of $5.8 million for Q1 2025, an increase from $3.7 million in Q1 2024, but a slight decrease from $6.2 million in Q4 2024 [1][4][31] - The company experienced margin expansion, solid fee income, and controlled expenses, despite moderate loan production due to economic uncertainties [2][12] Financial Performance - 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 [1][5] - The annualized Return on Average Assets and Return on Average Equity were 1.19% and 12.83%, respectively [1][31] - Net interest income increased by $2.2 million year-over-year, driven by higher interest income on loans [7][31] Income Statement Overview - Interest income for Q1 2025 was $24.1 million, up from $21.9 million in Q1 2024, while interest expense was stable at $8.0 million [31] - Provision for credit losses decreased to $0.7 million in Q1 2025 from $0.9 million in Q1 2024 [31] - Other operating income remained stable at $4.8 million compared to $4.8 million in Q1 2024 [31] Balance Sheet Overview - Total assets increased to $2.0 billion as of March 31, 2025, up by $6.7 million from December 31, 2024 [16] - Total liabilities rose to $1.8 billion, with total deposits increasing by $48.7 million, primarily due to $50.0 million in new brokered deposits [17][21] - Outstanding loans were $1.5 billion, reflecting a slight decrease of $0.9 million since December 31, 2024 [18] Asset Quality - The allowance for credit losses was $18.5 million, with a provision for credit losses of $0.7 million for Q1 2025 [24] - Non-accrual loans totaled $4.0 million, down from $4.9 million at the end of Q4 2024 [28] - The ratio of net charge-offs to average loans was 0.10% for Q1 2025, compared to 0.13% for Q1 2024 [25] Market Performance - The book value of common stock increased to $28.35 per share at March 31, 2025, compared to $27.71 per share at December 31, 2024 [23][31] - A cash dividend of $0.22 per common share was declared in Q1 2025, up from $0.20 in Q1 2024 [12][31]

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].

Financial Performance - Net income for the year ended December 31, 2024, was $20.6 million, up from $15.1 million in 2023, representing a 36.8% increase [189]. - Adjusted net income on a non-GAAP basis for 2024 was $21.0 million, compared to $18.8 million in 2023, reflecting a 11.7% increase [190]. - Basic net income per common share increased to $3.15 in 2024 from $2.25 in 2023, representing a 40% growth [232]. - Comprehensive income for 2024 was $26,148,000, up from $18,259,000 in 2023, reflecting an increase of 43.4% [334]. - Net interest income for 2024 was $60.207 million, up from $57.497 million in 2023, reflecting a net interest margin of 3.38% compared to 3.26% in the previous year [219]. - Net interest income after provision for credit losses was $57,045,000 in 2024, up from $55,250,000 in 2023, reflecting a growth of 3.2% [332]. Loan and Credit Quality - Outstanding loans grew by $74.1 million to $1.5 billion as of December 31, 2024, with notable increases in commercial real estate loans by $32.7 million and residential mortgage loans by $18.9 million [194]. - The provision for credit losses increased to $2.9 million in 2024 from $1.7 million in 2023, with net charge-offs rising to $2.2 million from $0.9 million [191]. - The allowance for credit losses (ACL) ratio to loans outstanding was 1.23% at December 31, 2024, slightly down from 1.24% at December 31, 2023 [191]. - Non-accrual loans increased to $4.931 million in 2024 from $3.956 million in 2023, representing a rise in the non-accrual loans to total loans ratio to 0.33% [255]. - The total non-performing assets rose to $11.713 million in 2024 from $9.047 million in 2023, with non-performing loans to total loans ratio at 0.39% [255]. - The average balance of non-accrual loans increased to $8.471 million in 2024 from $3.171 million in 2023 [214]. Deposits and Funding - Total deposits increased by $23.9 million in 2024, with interest-bearing demand deposits rising by $35.9 million [196]. - Total deposits increased to $1,574,829,000 in 2024, compared to $1,550,977,000 in 2023, marking a growth of approximately 1.54% [330]. - Interest-bearing demand deposits rose by $35.9 million, including a shift of approximately $22.0 million to FDIC insured accounts [290]. - Money market accounts increased by $61.5 million, driven by the expansion of relationships and a shift from certificates of deposit [290]. - Total short-term borrowings increased by $20.0 million to $65,409 thousand in 2024, driven by a $50.0 million increase in overnight borrowings [294]. Asset Management - Total assets reached $2.0 billion at December 31, 2024, an increase of $67.2 million compared to the previous year [234]. - The investment portfolio decreased by $41.5 million primarily due to the maturities of $37.5 million of U.S. Treasury bonds [234]. - The fair value of available-for-sale securities decreased to $94.5 million from $97.2 million in 2023, a decline of $2.7 million [282]. - The total fair value of held-to-maturity securities decreased by $38.8 million to $175.6 million as of December 31, 2024 [282]. Operating Expenses - Other operating income increased by approximately $5.4 million compared to 2023, primarily due to improved wealth management income [192]. - Other operating expenses decreased by $0.6 million, mainly due to reduced occupancy and equipment expenses related to branch closures [193]. - Total other operating expenses decreased slightly to $49,640,000 in 2024 from $50,243,000 in 2023, a reduction of 1.2% [332]. Tax and Regulatory - The effective income tax rate increased to 24.5% in 2024 from 22.7% in 2023, attributed to changes in state income tax expense allocations [227]. - The Corporation's total risk-based capital ratio was 15.92% in 2024, up from 15.64% in 2023, exceeding the regulatory minimum of 8% [302]. Credit Loss Management - The allowance for credit losses (ACL) was $18.2 million at December 31, 2024, compared to $17.5 million at December 31, 2023, with a provision for credit losses of $2.9 million in 2024 [268]. - The allocation of the allowance for credit losses by major loan category showed that residential mortgage accounted for 39% of the total [279]. - Management uses a 10-point internal risk rating system to monitor the credit quality of the overall loan portfolio, with loans greater than 90 days past due classified as Substandard [354]. - The Corporation records an ACL on unfunded commitments through a charge to provision for credit loss expense, estimated by loan segment under the CECL model [379].

Group 1 - First United Corporation's Board of Directors declared a cash dividend of $0.22 per share, payable on May 1, 2025, to shareholders of record as of April 17, 2025 [1] Group 2 - First United Corporation is the parent company of First United Bank & Trust, which operates as a Maryland trust company with commercial banking powers [2] - The Bank has several wholly-owned subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, which are finance companies [2] - The Bank also owns interests in partnerships focused on low-income housing development in Maryland [2]

Core Viewpoint - First United Corporation (FUNC) shows solid improvement in earnings estimates, indicating potential investment opportunities as the stock has gained short-term price momentum [1][2] Estimate Revisions - Analysts exhibit growing optimism regarding First United's earnings prospects, reflected in upward revisions of earnings estimates, which correlate strongly with stock price movements [2][3] - Current-quarter earnings are estimated at $0.86 per share, representing a year-over-year increase of +38.71%, with a 14.67% rise in the Zacks Consensus Estimate over the last 30 days [4] - For the full year, the earnings estimate is $3.75 per share, reflecting a +16.82% change from the previous year, with a 13.64% increase in the consensus estimate [5] Zacks Rank - First United currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable estimate revisions [6] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, suggesting a positive outlook for First United [6] Investment Outlook - The stock has increased by 28.1% over the past four weeks due to strong estimate revisions, indicating further upside potential [7]

Core Viewpoint - First United Corporation (FUNC) reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, and showing an increase from $0.82 per share a year ago, indicating a positive earnings surprise of 10.47% [1][2] Financial Performance - The company achieved revenues of $20.62 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.65%, and up from $18.99 million year-over-year [2] - Over the last four quarters, First United has consistently surpassed consensus EPS estimates four times and topped revenue estimates two times [2] Stock Performance and Outlook - First United shares have declined approximately 2.5% since the beginning of the year, contrasting with the S&P 500's gain of 2.7% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.75 on revenues of $20.32 million, and for the current fiscal year at $3.30 on revenues of $85.13 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast, to which First United belongs, is currently in the top 7% of over 250 Zacks industries, suggesting a favorable industry outlook [8]