First United Corporation Reports Q3 2026 Financial Results
First United Corporation (NASDAQ: FUNC) reported third-quarter financial results for the nine months ended September 30, 2026. GAAP net income was $7.2 million or $1.11 per diluted share in Q3 2026, up from $5.7 million and $0.88 per share in Q2 2026 and $6.9 million with $1.07 per share in the same period of 2025. The company attributed its performance to an improved net interest margin (4.05% on a non-GAAP basis), strong loan production, including $115.0 million in commercial loans and $34.7 million in residential mortgages, as well as growth in wealth management income. Despite inflationary pressures and uncertainty around interest rates, the company maintained disciplined reserve practices and reduced operating expenses by $2.0 million compared to Q2 2026. Non-GAAP net income for the quarter was also reported at $7.2 million with a return on average assets of 1.26% over nine months. The CEO, Jason Rush, expressed confidence in continued momentum into Q4 and emphasized efficiency improvements across operations.
Tickers: $FUNC
Topics: banking financial performance loan growth net income
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