FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2022 EARNINGS

OAKLAND, Md., Oct. 20, 2022 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced earnings results for the three- and nine-month periods ended September 30, 2022.  Consolidated net income was $6.9 million for the third quarter of 2022, or $1.04 per diluted share, compared to $4.4 million, or $0.66 per diluted share, for the third quarter of 2021 and $5.4 million, or $0.82 per diluted share, for the second quarter of 2022.  Year to date income was $18.1 million as of September 30, 2022, or $2.72 per diluted share, compared to $12.2 million, or $1.81 per diluted share for the same period of 2021.

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