Highest-materiality recent filing
First United declares $0.26 quarterly dividend payable August 3, 2026
Cash dividend of $0.26 per share declared by Board on June 17, 2026.
First United appoints Jason B. Rush as Chairman of the Board, effective May 27, 2026
Jason B. Rush, age 55, named Chairman of the Board; previously elected to board at May 7, 2026 annual meeting.
First United Corp Board decides to hold annual Say-on-Pay votes following shareholder advisory vote
Board decided on May 27, 2026 to hold future Say-on-Pay votes every year after 4.86M shares voted for annual frequency.
First United shareholders elect directors, approve charter amendment, say-on-pay
All 10 director nominees elected with >3.3M votes for each; highest vote was Sanu B. Chadha (3,418,007).
First United Corporation holds 2026 Annual Meeting, presents financial data for 2025 and Q1 2026
Annual meeting held on May 7, 2026, with shareholders in attendance.
First United Q1 2026 net income $6.7M ($1.03 EPS), up 16% YoY; NIM expands to 3.83%
GAAP net income $6.7M, EPS $1.03, vs $5.8M ($0.89) YoY; non-GAAP net income $6.6M ($1.02).
First United revises LTIP RSU metrics, sets 2026 STIP cash award ranges for executives
LTIP performance-vesting RSUs now based on ROAE and TBVPSG vs. 103-bank peer group (assets $1B-$4.2B); 3-year period ending Dec 31, 2028.
First United boosts CEO Rush's change-in-control severance to 2.99x from 2.0x
CEO Jason B. Rush's severance multiplier increased from 2.0x to 2.99x Final Pay under amended agreement.
First United declares $0.26/share quarterly dividend for Q2 2026
Cash dividend of $0.26 per share declared for second quarter 2026.
Full year 2025 GAAP net income rose to $24.5 million ($3.77/diluted share) from $20.6 million ($3.15/diluted share) in 2024.
First United appoints Anthony Tasker as SVP and COO effective Jan 28, 2026
Anthony 'AJ' Tasker named Senior Vice President and Chief Operating Officer of First United Corporation and First United Bank & Trust.
First United Corp adopts stock repurchase program for up to 15.4% of outstanding shares
Authorizes purchase of up to 1,000,000 common shares (~15.4% of outstanding) over 18 months starting Jan 26, 2026.
Carissa L. Rodeheaver transitions from Chairman, President and CEO to Executive Chairman effective January 1, 2026.
First United declares $0.26/share quarterly dividend payable Feb 2, 2026
Cash dividend of $0.26 per share declared for Q1 2026.
First United CEO Carissa Rodeheaver to retire May 2026; Jason Rush named successor
CEO Carissa Rodeheaver to retire at 2026 annual meeting (May 7); will serve as Executive Chairman from Jan 1.
First United Q3 net income $6.9M, EPS $1.07, up from $0.89 YoY; dividend raised to $0.26/share
Net income $6.9M ($1.07 diluted EPS) vs $5.8M ($0.89) in Q3 2024 and $6.0M ($0.92) in Q2 2025.
First United Corp declares $0.26 per share cash dividend for Q4 2025
Cash dividend of $0.26 per share declared by Board of Directors on September 24, 2025.
First United Q2 net income $6.0M ($0.92 EPS) vs $4.9M ($0.75) year ago; NIM expands to 3.65%
Net income $6.0M ($0.92 diluted EPS) up 22% from $4.9M ($0.75) in Q2 2024; revenue growth from higher loan yields and stable funding costs.
First United declares $0.22 quarterly dividend for Q3 2025
Cash dividend of $0.22 per share declared.
First United shareholders elect 10 directors, approve say-on-pay, ratify Crowe LLP
All 10 director nominees elected; highest 'For' vote was Kevin R. Hessler with 3,558,586.
First United annual meeting presentation includes FY2024 and Q1 2025 data
Presentation to shareholders at annual meeting on May 7, 2025.
First United Q1 net income $5.8M ($0.89 EPS) up from $3.7M YoY; NIM expands to 3.56%
Net income $5.8M vs $3.7M YoY; diluted EPS $0.89 vs $0.56 Q1 2024; revenue increased $2.2M in net interest income.
First United amends SERP participation agreements for CEO and COO
Amendments to SERP for Carissa Rodeheaver (CEO) and Jason Rush (COO) dated March 27, 2025.
First United Corp declares $0.22 quarterly dividend payable May 1, 2025
Cash dividend of $0.22 per share declared by Board on March 5, 2025.
First United Corp sets 2025 STIP targets; CEO target $193,200
Carissa L. Rodeheaver (CEO) target payout $193,200; maximum $289,800 under revised 2025 STIP.
First United Q4 net income $6.2M ($0.95/dil) vs $1.8M year ago; full year EPS $3.15
Q4 2024 GAAP net income $6.2M ($0.95 diluted EPS) vs $1.8M ($0.26) in Q4 2023.
First United declares $0.22 per share dividend payable Feb 3, 2025
Cash dividend of $0.22 per share declared by Board of Directors.
Director Marisa Shockley retires from First United Board effective Dec 1, 2024
Marisa Shockley notified board of her retirement, effective December 1, 2024.
First United Q3 EPS $0.89 vs $0.67 YoY; dividend raised 10% to $0.22
Net income $5.8M, diluted EPS $0.89 vs $0.67 Q3 2023; YTD net income $14.4M.
First United declares $0.22 per share dividend payable Nov 1, 2024
Cash dividend of $0.22 per share declared, payable November 1, 2024.
First United Corp adopts share repurchase program for up to 600,000 shares (9.3% of outstanding)
Board adopted stock repurchase program effective Aug 30, 2024; authorizes up to 600,000 shares.
First United Q2 net income $4.9M ($0.75/sh), net interest margin 3.49%
Net income $4.9M vs $4.4M Q2 2023; diluted EPS $0.75 vs $0.66.
First United declares Q3 2024 dividend of $0.20 per share
Cash dividend of $0.20 per share declared for the third quarter of 2024.
First United Corp sets 2024/2025 ROAE-based cash bonus targets for five executives
Comp Committee on June 7, 2024 approved cash incentive awards for NEOs based on 3-year ROAE vs a peer group of 123 banks.
First United revises LTIP performance RSUs; uses peer-relative ROAE and TBVPSG goals
Compensation Committee approved new Appendix A to LTIP on May 20, 2024, for 2024-2026 performance period.
All 11 director nominees elected with strong majority support (range 3.48M to 3.60M votes for).
First United presents FY2023 and Q1 2024 financial data at annual meeting
Presentation furnished as Exhibit 99.1 covers financial data for full-year 2023 and first quarter 2024.
First United Q1 net income $3.7M ($0.56 EPS) vs $4.4M a year ago; NIM compresses, non-accruals surge
Q1 2024 net income $3.7M ($0.56 diluted EPS) vs $4.4M ($0.65) in Q1 2023.
First United declares $0.20 dividend payable May 1, 2024
Cash dividend of $0.20 per share on common stock.
First United Q4 2023 GAAP EPS $0.26 (vs $1.04); net income $15.1M for year vs $25.0M
Net income Q4 2023: $1.8M GAAP ($0.26 diluted) vs $7.0M ($1.04) in Q4 2022; non-GAAP $5.5M ($0.82).
First United sells $20.4M AFS securities at $3.2M loss to fund 7.85% loans; sees ~$0.15 EPS gain
Sold $20.4M AFS securities (book $24.6M) for $3.2M after-tax loss; proceeds to fund loans at ~7.85%.
First United Corp to close 4 branches in Feb 2024; expects $1.3M costs, $1.0M annual savings
Closures: Cannery (Frederick, MD), White Oaks (Cumberland, MD), Bridgeport (Bridgeport, WV), Cheat Landing (Morgantown, WV).
First United Corp declares Q1 2024 dividend of $0.20/share payable Feb 1, 2024
Cash dividend of $0.20 per common share declared for Q1 2024.
First United Q3 net income $4.5M, EPS $0.67 down from $1.04 YoY; NIM compresses to 3.12%
Net income $4.5M ($0.67/sh) vs $6.9M ($1.04) in Q3 2022; YTD $13.3M ($1.99) vs $18.1M ($2.72).
First United Corp declares Q4 2023 dividend of $0.20 per share
Dividend of $0.20 per share declared by Board of Directors on September 27, 2023.
First United elects Kevin R. Hessler to board, effective September 27, 2023
Kevin R. Hessler, CPA and principal of LSWG P.A., elected to serve until 2024 annual meeting.
First United authorizes repurchase of up to 825,000 shares (5% of common stock)
Board approved a 12-month stock repurchase program on August 21, 2023 for up to 825,000 shares (5.0% of outstanding).
First United Q2 net income falls to $4.4M from $5.4M YoY; NIM narrows to 3.39%
Net income of $4.4M ($0.66/sh) vs $5.4M ($0.82/sh) in Q2 2022; YTD net income $8.8M vs $11.1M.
First United Corp declares $0.20/share Q3 dividend payable Aug 1, 2023
Cash dividend of $0.20 per share declared by Board of Directors.
First United Corp elects directors, approves executive pay at 2023 annual meeting
All six director nominees elected with majority support; John F. Barr received 4,118,907 for votes.
Mr. Rush was elected to the Board by the Corporation’s shareholders at the 2026 annual meeting of shareholders held on May 7, 2026.
On May 27, 2026, the Board of Directors (the “Board”) of First United Corporation (the “Corporation”) appointed Jason B. Rush, age 55, to serve as the Chairman of the Board.
On November 20, 2024, Marisa Shockley notified the Board of Directors (the “Board”) of First United Corporation (the “Corporation”) that, effective December 1, 2024, she will retire from the Board and from the Board of Directors of First United Bank & Trust (the “Bank Board”).
On September 27, 2023, following a recommendation by its Nominating and Governance Committee, the Board of Directors (the “Company Board”) of First United Corporation (the “Company”) elected Kevin R. Hessler to serve as a director until the 2024 annual meeting of shareholders and until his successor is duly elected and qualifies.
On December 5, 2022, Beth E. Moran accepted an offer from the Board of Directors (the “Company Board”) of First United Corporation (the “Company”) to serve as a director of the Company commencing on January 1, 2023.
Max materiality 0.90 · Median 0.32 · Most common event dividend