First United Q1 2026 net income $6.7M ($1.03 EPS), up 16% YoY; NIM expands to 3.83%

FIRST UNITED CORP/MD/

2026-Q1 EPS reported $1.03 vs consensus $0.94 ▲ beat (+9.8%)

GAAP net income $6.7M, EPS $1.03, vs $5.8M ($0.89) YoY; non-GAAP net income $6.6M ($1.02).
Net interest margin (FTE) 3.83%, up 8 bps from Q4 2025, driven by higher loan yields and lower funding costs.
Deposits increased $15.5M; repaid $25M brokered CD and $65M FHLB borrowings during the quarter.
Commercial loan originations $98.0M, residential mortgage $16.0M; pipeline remains robust.
Non-accrual loans $4.7M (up from $4.2M at Dec 2025); provision $0.9M on economic uncertainty and increased commitments.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2026 results: net income $6.7 million, EPS $1.03 per diluted share.

Period: the three-month period ended March 31, 2026
Net income: $6.7 million
EPS: $1.03 per diluted share
Result: reported results

Exact text from the filing

Bank & Trust (the “Bank”), today announced financial results for the three-month period ended March 31, 2026. Generally Accepted Accounting Principles (“GAAP”) net income was $6.7 million for the first quarter of 2026, or $1.03 per diluted share, compared to $5.8 million, or $0.89 per diluted share, for the first quarter of 2025 and $5.8 million, or $0.89 per

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Source: SEC EDGAR

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