FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
Key Highlights
- ➤Q3 net income $7.2M, or $1.11 per diluted share, versus $6.9M year-over-year
- ➤Net interest margin rose to 4.05%, up seven basis points sequentially
- ➤Gross loans increased $83.7M since December 31, 2025, reaching $1.6B
- ➤Commercial loan originations totaled $115.0M; residential mortgage originations totaled $34.7M
- ➤Cash dividend of $0.28 per share declared in the third quarter
Expert Statements
Jason Rush, Chairman of the Board, President and CEO of First United Corporation
“We delivered another solid quarter, benefiting from an improved net interest margin, continued growth in wealth management income, and steady loan growth. Our loan pipelines remain robust heading into the fourth quarter, providing positive momentum as we close out the year. Credit quality remains strong. However, given continued inflationary pressures and uncertainty surrounding interest rates, we believe it is prudent to maintain a disciplined approach to reserves. We also remain focused on expense management and are continuing to identify opportunities to improve efficiency across the organization.”
FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS PR Newswire
OAKLAND, Md., Oct. 19, 2026 /PRNewswire/ -- First United Corporation (the "Corporation", "we", "us", and "our") (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and nine-month periods ended September 30, 2026. Consolidated net income was $7.2 million on a Generally Accepted Accounting Principles ("GAAP") basis for the third quarter of 2026, or $1.11 per diluted share, compared to $6.9 million, or $1.07 per diluted share, for the third quarter of 2025 and $5.7 million, or $0.88 per diluted share, for the second quarter of 2026. Net income for the first nine months of 2026 was $19.5 million, or $3.01 per diluted share, compared to $18.7 million, or $2.88 per diluted share, for the same period of 2025. Non-GAAP net income was $7.2 million and $21.1 million for the three- and nine-months ended September 30, 2026, respectively. Annualized Return on Average Assets and Return on Average Equity for the nine-month period ended September 30, 2026 were 1.26% and 12.37%, respectively.
Get started
Create a free account to read the full story.