FIRST UNITED CORP/MD/ (FUNC) Form 10-Q — Nov 3, 2026
First United Corporation (FUNC) filed its 10-Q for the quarter ended September 30, 2026, reporting Q3 net income of $7.2 million, or $1.11 per diluted share, up from $6.9 million, or $1.07, in the year-ago quarter. Nine-month net income rose to $19.5 million ($3.02 basic EPS) from $18.7 million, with a $1.7 million net-of-tax consulting fee weighing on the GAAP figure. Net interest income was the standout: it grew 12% year-over-year to $56.3 million for the nine months, with the FTE net interest margin expanding to 3.94% from 3.64%, as earning-asset yields rose and funding costs fell following repayment of $65 million in FHLB borrowings and $50 million of brokered CDs.
Key figures
- Eps
- 3.02
- Revenue
- 0
- Net Income
- 19511000
- Total Assets
- 2098046000
- Cash Position
- 74872000
- Shares Outstanding
- 6458457
- Net loans
- 1582950000
- Total deposits
- 1787729000
- Q3 2025 net income
- 6948000
- Q3 2026 net income
- 7181000
- Q3 2025 diluted eps
- 1.07
- Q3 2026 diluted eps
- 1.11
- Nine month diluted eps
- 3.01
- Total shareholders equity
- 213988000
- Credit loss expense 9m 2025
- 2026000
- Credit loss expense 9m 2026
- 3590000
- Net interest income 9m 2025
- 50126000
- Net interest income 9m 2026
- 56274000
- Nine month prior diluted eps
- 2.88
- Q3 dividend declared per share
- 0.28
- Net interest margin 9m 2025 fte
- 3.64%
- Net interest margin 9m 2026 fte
- 3.94%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.