First United reports Q2 2026 net income of $7.3M, up 22% YoY, with margin expansion to 3.98%

Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income rose 22% YoY to $7.3M ($1.13 diluted EPS) on a non-GAAP basis, or $5.7M ($0.87/share) GAAP after a $1.7M after-tax consulting expense for core processor contract negotiations.

  Exhibit 99.1 view on EDGAR →
• high

  Net interest margin expanded to 3.98% in Q2 from 3.83% in Q1 and 3.65% in Q2 2025, driven by higher loan yields and stable funding costs following $65M FHLB advance repayment in March.

  Exhibit 99.1 view on EDGAR →
• medium

  Efficiency ratio improved to 56.55% from 58.45% in Q1 2026 as higher net interest income flowed through with stable non-interest income and expenses, demonstrating improved operational leverage.

  Exhibit 99.2 view on EDGAR →