First United Q2 FY26 net income falls 5.29% to $5.7 million

First United Corporation

First United Corporation

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  • First United posts Q2 GAAP net income of USD 5.7 million, or USD 0.87 per diluted share, down from USD 6.0 million a year earlier.
  • Results included a USD 1.7 million after-tax consulting charge tied to core processing contract negotiations; non-GAAP net income was USD 7.3 million.
  • Net interest margin rose to 3.98% on a non-GAAP FTE basis, up 0.15 percentage point from Q1’s 3.83%.
  • Commercial loan originations were USD 66.0 million; residential mortgage originations totaled USD 33.9 million, with management citing a robust loan pipeline.
  • Provision for credit losses was USD 0.8 million; a cash dividend of USD 0.26 per share was declared.


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