First United Q2 net income $6.0M ($0.92 EPS) vs $4.9M ($0.75) year ago; NIM expands to 3.65%

FIRST UNITED CORP/MD/

2025-Q2 EPS reported $1.81 vs consensus $0.86 ▲ beat (+111.3%)

Net income $6.0M ($0.92 diluted EPS) up 22% from $4.9M ($0.75) in Q2 2024; revenue growth from higher loan yields and stable funding costs.
Net interest margin (FTE) 3.65% in Q2 2025, up from 3.31% in H1 2024, driven by rising loan yields and controlled deposit costs.
Loan production of $65.1M commercial and $19.2M residential in Q2; total gross loans up $21.7M YTD to $1.5B.
Provision for credit losses $0.9M, down from $1.2M a year ago; asset quality improved with non-accrual loans falling to $3.8M.
Declared cash dividend $0.22 per share; book value per share $29.43, up 6% from $27.71 at Dec 31, 2024.

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