Earnings ·
First United Corporation reported second quarter 2026 financial results, with GAAP net income of $5.7 million ($0.87…
FUNCFirst United Corp
First United Corporation reported second quarter 2026 financial results, with GAAP net income of $5.7 million ($0.87 per diluted share), down from $6.0 million ($0.92 per diluted share) in Q2 2025. Non-GAAP net income was $7.3 million ($1.13 per diluted share), benefiting from a stronger net interest margin of 3.98% on a non-GAAP, fully tax equivalent basis. Results were impacted by a one-time, non-GAAP $1.7 million net consulting expense related to core contract negotiations. For the first six months of 2026, GAAP net income reached $12.3 million ($1.90 per diluted share). The company declared a cash dividend of $0.26 per share for the second quarter. First United Corporation is a bank holding company providing commercial and retail banking, trust, and wealth management services.