Monitor loan growth and credit quality metrics in the next quarter, as elevated payoffs and increased provision expense could pressure future margins despite the strong current performance.
Price Chart
Executive Summary
First United Corp reported Q1 2026 GAAP EPS of $1.03, a 15.9% beat versus consensus of $0.89, driven by net interest margin expansion to 3.83% and lower non-interest expenses. The bank repaid $25 million in brokered CDs and saw a modest increase in deposits, while asset quality remained stable.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS was $1.03, beating consensus of $0.89 by 15.9%
- Net interest margin increased to 3.83% from 3.75% in Q4 2025
- Net interest income rose $2.1 million year-over-year to $18.07 million
- Deposits increased $15.5 million despite repayment of $25 million brokered CD
- Provision for credit losses rose to $0.9 million from $0.7 million in Q1 2025
Financial Impact
GAAP net income of $6.7 million, up from $5.8 million YoY
Risk Factors
- Elevated loan payoffs may limit loan growth
- Increased provision expense due to economic uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-045633 |
| Document: tm2612275d1_ex99-2.htm | 0001104659-26-045633 |
| Document: tm2612275d1_8k.htm | 0001104659-26-045633 |
| Document: 0001104659-26-045633-index-headers.html | 0001104659-26-045633 |
| Document: 0001104659-26-045633-index.html | 0001104659-26-045633 |
| Document: 0001104659-26-045633.txt | 0001104659-26-045633 |
| 8-K Data (Synthetic) | 0001104659-26-045633 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 8-K | $41.85 | awaiting T+60 | — | $46.03 (+9.99%) |
Oct 19, 2026 8d ago | Press Release | $41.85 | awaiting T+60 | — | $46.03 (−9.99%) |
Sep 29, 2026 28d ago | 8-K | $43.42 | awaiting T+60 | — | $46.03 (+6.01%) |
Sep 24, 2026 4w ago | 8-K | $43.30 | awaiting T+60 | — | $46.03 (+6.30%) |
Sep 23, 2026 4w ago | Press Release | $43.30 | awaiting T+60 | — | $46.03 (−6.30%) |
Jul 29, 2026 12w ago | Insider Cluster | $44.73 $45.92 | ▲ +2.66% | ▼ −2.07% | $46.03 (+2.91%) |
Jul 28, 2026 13w ago | Insider Cluster | $45.59 $44.08 | ▼ −3.31% | ▼ −7.66% | $46.03 (+0.97%) |
Jul 20, 2026 14w ago | Press Release | $44.18 $44.09 | ▼ −0.20% | ▼ −4.18% | $46.03 (+4.19%) |
Jun 18, 2026 18w ago | 8-K | $42.25 $45.02 | ▲ +6.56% | ▲ +4.81% | $46.03 (+8.95%) |
Jun 11, 2026 19w ago | Institutional Cluster | $41.65 $44.36 | ▼ −6.49% | ▼ −2.10% | $46.03 (−10.52%) |
US Market Status
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