First United Moves Premarket as FUNC Jumps
First United shares traded at $38.17, up 2.5% in pre-market Nasdaq activity Wednesday, following a sector lift that saw the SPDR S&P Regional Banking ETF gain 1.3%. The Maryland bank last reported Q1 net income of $6.7 million and a net interest margin of 3.83%. No new company-specific catalyst emerged overnight. Leadership is set to change, with Jason Rush taking over as CEO next year.