First United Reports Record 2025 Earnings and Dividend

First United ( (FUNC) ) has issued an update.

On February 4, 2026, First United Corporation reported its financial results for the three- and twelve-month periods ended December 31, 2025, highlighting record core earnings on a non-GAAP basis. Full-year GAAP net income rose to $24.5 million, or $3.77 per diluted share, from $20.6 million, or $3.15 per diluted share, in 2024, while non-GAAP net income increased to $25.8 million, or $3.97 per diluted share, reflecting strong net interest margin, robust commercial and residential loan production, and controlled funding costs. Fourth-quarter 2025 GAAP net income declined to $5.8 million from $6.2 million a year earlier and $6.9 million in the prior quarter, largely due to a $1.6 million write-down on a legacy other real estate owned property and higher operating expenses, though non-GAAP quarterly earnings improved to $7.2 million, or $1.10 per diluted share. The bank’s net interest margin on a fully tax-equivalent basis reached 3.75% in the fourth quarter, provision expense rose modestly on loan growth and increased commitments, and the board declared a cash dividend of $0.26 per share. Management framed 2025 as a milestone year marking the bank’s 125th anniversary and underscored continued confidence in its strategy and leadership transition, emphasizing an ongoing focus on expense discipline, balance sheet optimization and expanded client relationships.

The most recent analyst rating on (FUNC) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on First United stock, see the FUNC Stock Forecast page.

Spark’s Take on FUNC Stock

According to Spark, TipRanks’ AI Analyst, FUNC is a Neutral.

The score is driven primarily by solid underlying profitability and improved leverage, offset by a steep recent revenue decline. Valuation is attractive (low P/E with a dividend), while technical indicators point to softer near-term momentum. Corporate events are supportive, highlighted by a large buyback authorization and an orderly leadership transition.

To see Spark’s full report on FUNC stock, click here.

More about First United

First United Corporation, headquartered in Oakland, Maryland, is a bank holding company and the parent of First United Bank & Trust. The company provides commercial and residential lending, deposit services and wealth management solutions, focusing on disciplined loan and deposit pricing and community-oriented banking across its regional footprint.

Average Trading Volume: 21,194

Technical Sentiment Signal: Buy

Current Market Cap: $257M

Learn more about FUNC stock on TipRanks’ Stock Analysis page.