Positive earnings momentum and expanding margins support a bullish bias. Monitor loan growth and net interest margin in upcoming quarters. The buyback authorization could provide support if stock price remains under pressure.
Price Chart
Executive Summary
First United Corporation reported strong FY2025 results with net income of $24.5M ($3.77 diluted EPS), up from $20.6M ($3.15) in 2024, and Q1 2026 non-GAAP net income of $6.6M ($1.02), up from $5.8M YoY. Net interest margin expanded to 3.67% for FY2025 and 3.83% in Q1 2026. The company re-authorized a 1M share buyback, raised quarterly dividend to $0.26, and maintains strong capital ratios.
Key Facts
- FY2025 net income $24.5M ($3.77 diluted EPS) vs $20.6M ($3.15) in 2024
- Q1 2026 non-GAAP net income $6.6M ($1.02 diluted EPS), vs $5.8M in Q1 2025
- Net interest margin improved to 3.83% in Q1 2026 from 3.67% at year-end 2025
- Tangible book value per share rose to $30.08 at March 31, 2026
- Board re-authorized share repurchase plan for up to 1,000,000 shares
- Quarterly dividend increased to $0.26 per share in Q4 2025 and continued in H1 2026
- Total assets $2.0B at March 31, 2026, down from $2.1B due to debt repayment
Financial Impact
Net income increased ~19% YoY in FY2025; Q1 2026 net income up ~14% YoY
Risk Factors
- Economic uncertainty from tariffs and global conflicts
- Elevated loan payoffs reducing balance sheet growth
- Potential Fed rate changes impacting net interest margin
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056785 |
| Document: tm2613814d1_8k.htm | 0001104659-26-056785 |
| Document: 0001104659-26-056785-index-headers.html | 0001104659-26-056785 |
| Document: 0001104659-26-056785-index.html | 0001104659-26-056785 |
| Document: 0001104659-26-056785.txt | 0001104659-26-056785 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 8-K | $41.85 | awaiting T+60 | — | $46.03 (+9.99%) |
Oct 19, 2026 8d ago | Press Release | $41.85 | awaiting T+60 | — | $46.03 (−9.99%) |
Sep 29, 2026 28d ago | 8-K | $43.42 | awaiting T+60 | — | $46.03 (+6.01%) |
Sep 24, 2026 4w ago | 8-K | $43.30 | awaiting T+60 | — | $46.03 (+6.30%) |
Sep 23, 2026 4w ago | Press Release | $43.30 | awaiting T+60 | — | $46.03 (−6.30%) |
Jul 29, 2026 12w ago | Insider Cluster | $44.73 $45.92 | ▲ +2.66% | ▼ −2.07% | $46.03 (+2.91%) |
Jul 28, 2026 13w ago | Insider Cluster | $45.59 $44.08 | ▼ −3.31% | ▼ −7.66% | $46.03 (+0.97%) |
Jul 20, 2026 14w ago | Press Release | $44.18 $44.09 | ▼ −0.20% | ▼ −4.18% | $46.03 (+4.19%) |
Jun 18, 2026 18w ago | 8-K | $42.25 $45.02 | ▲ +6.56% | ▲ +4.81% | $46.03 (+8.95%) |
Jun 11, 2026 19w ago | Institutional Cluster | $41.65 $44.36 | ▼ −6.49% | ▼ −2.10% | $46.03 (−10.52%) |
US Market Status
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