Comparing the current results to its competitors, First United reported Revenue increase in the 1 quarter 2026 by 11.15 % year on year. The sales growth was above First United's competitors' average revenue growth of 10.83 %, achieved in the same quarter.
First United's Comment on Competition and Industry Peers
The banking industry is highly competitive across all segments. Competition within market areas includes commercial banks—both local and branches or affiliates of larger banks—savings and loan associations, credit unions, consumer finance companies, and other financial institutions and service providers. Additional competition arises from banks and financial institutions located outside the market areas and from internet-based providers. Key competitive factors for deposit products include interest rates, personalized service, the quality and range of financial services, technology, and the convenience of office locations and hours. For loan products, competition centers on interest rates, loan origination fees, the quality and range of lending services, and personalized service. The company competes through local promotional activities, personal relationships, and specialized services. When unable to meet customer needs directly, it arranges assistance from other financial service providers via established relationships. Competitors identified in company filings include Cetera Investment Services, LLC.
Company's competitiveness improved within Overall company, with revenue growth of 11.15 % and its market share increased to approx. 0.01 %. << More on FUNC Market Share.
*Market share is calculated based on total revenue.
Park National Corporation's business model is centered around providing financial services and solutions to individuals, businesses, and communities. They offer a range of banking products, including loans, deposits, and investment services, with a focus on building strong relationships with customers and supporting local communities.
Oak Valley Bancorp operates as a holding company for Oak Valley Community Bank, providing a range of financial services to individuals and businesses. It generates revenue primarily through interest income from loans and investments, as well as from fees and service charges.
Ohio Valley Banc Corp operates as the bank holding company for Ohio Valley Bank, providing a range of financial services to individuals, businesses, and government entities. Their business model focuses on offering personalized banking solutions, cultivating strong customer relationships, and utilizing their local market expertise to drive growth and profitability.
Old Second Bancorp Inc operates as a bank holding company that provides various banking products and services for individuals and businesses. They offer services such as commercial banking, retail banking, wealth management, and treasury management. Their business model revolves around delivering financial solutions to their customers while striving to generate sustainable growth and profitability within their market.
Sources:
First United Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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