First United Corporation filed its Form 10-Q with the SEC on November 3, 2026, reporting unaudited financial results for the nine months and three months ended September 30, 2026, with the quarterly period showing total assets of $2.098 billion and net income of $19.511 million for the nine-month period.

Key Highlights

  • Net income: $19.511 million for the nine months ended September 30, 2026, compared to $18.738 million in the same period of 2025, according to the filing.
  • Net interest income: $56.274 million for the nine months ended September 30, 2026, up from $50.126 million in the year-earlier period, the company reported.
  • Total assets: $2.098 billion as of September 30, 2026, compared to $2.087 billion at December 31, 2025, per the filing.
  • Total loans: $1.605 billion as of September 30, 2026, up from $1.522 billion at December 31, 2025, the registrant disclosed.
  • Basic net income per share: $3.02 for the nine months ended September 30, 2026, versus $2.89 in the prior-year period, according to the filing.
  • Dividends declared per share: $0.80 for the nine months ended September 30, 2026, compared to $0.70 in the same period of 2025, as disclosed.
  • Shares outstanding: 6,456,055 shares of common stock at September 30, 2026, down from 6,499,476 at December 31, 2025, the company reported.

First United Corporation's Nine-Month 2026 Financial Results and Balance Sheet Position

First United Corporation (NASDAQ:FUNC), a Maryland-based bank holding company headquartered at 19 South Second Street, Oakland, Maryland, filed its quarterly report covering the period ended September 30, 2026. The filing shows total interest income of $78.859 million for the nine months ended September 30, 2026, up from $74.695 million in the corresponding 2025 period. Total interest expense fell to $22.585 million from $24.569 million, contributing to the improvement in net interest income. Total credit loss expense for the nine-month period was $3.590 million, compared to $2.026 million in 2025, reflecting increases across loans, held-to-maturity debt securities, and off-balance sheet credit exposures.

On the expense side, the registrant reported total other operating expenses of $43.273 million for the nine months ended September 30, 2026, versus $38.536 million in the prior-year period. Salaries and employee benefits rose to $24.480 million from $22.239 million, and professional services increased to $3.871 million from $1.704 million. Income before income tax expense was $25.716 million, against $24.899 million in 2025, with a provision for income tax expense of $6.205 million recorded for the nine-month period.

As of September 30, 2026, the registrant reported total deposits of $1.788 billion, up from $1.735 billion at December 31, 2025, and total shareholders' equity of $213.988 million, compared to $203.634 million at year-end 2025. The allowance for credit losses on loans stood at $21.761 million at September 30, 2026, versus $19.470 million at December 31, 2025. Long-term borrowings declined to $30.929 million from $95.929 million over the same period. The filing identifies First United Corporation as an accelerated filer and a smaller reporting company, and confirms 6,458,457 shares of common stock outstanding as of October 31, 2026.

What Was Disclosed

First United Corporation's 10-Q for the quarter ended September 30, 2026 disclosed nine-month net income of $19.511 million, total assets of $2.098 billion, net loans of $1.583 billion, and dividends declared per share of $0.80, with financial statements presented on an unaudited basis.