First United Q1 net income $5.8M ($0.89 EPS) up from $3.7M YoY; NIM expands to 3.56%

FIRST UNITED CORP/MD/

2025-Q1 EPS reported $0.89

Net income $5.8M vs $3.7M YoY; diluted EPS $0.89 vs $0.56 Q1 2024; revenue increased $2.2M in net interest income.
Net interest margin (FTE) 3.56% for Q1 2025, reflecting higher loan yields and stable funding costs.
Commercial loan originations $36.1M, residential $11.4M; total loans down $0.9M due to payoffs and amortization.
Deposits +$48.7M; $50M brokered deposits (avg rate 4.24%) used to repay $50M overnight borrowings.
Nonaccrual loans $4.0M vs $4.9M at Dec 2024; quarterly cash dividend $0.22 per share.

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