First United Q3 net income rises on loan, margin growth
FUNC•First United reported Q3 net income of $7.2 million and EPS of $1.11, with net interest margin rising to 3.93% from 3.63% a year earlier. The company said loan pipelines remain robust heading into Q4 2026.
1. Results and outlook
First United said increased loan balances and commercial and residential mortgage production drove higher net interest income, while increased loan yields and reduced funding costs lifted net interest margin to 3.93% from 3.63% a year earlier. Growth in trust and brokerage income contributed to higher non-interest income. The company cited inflationary pressures and interest rate uncertainty as reasons for disciplined reserves and said it remains focused on expense management and improving efficiency.
