The EPS miss vs consensus, combined with elevated provision expense and cautious commentary on credit reserves, suggests near-term headwinds. Monitor the Q4 2026 earnings for loan growth sustainability and credit cost trajectory.
Price Chart
Executive Summary
First United Corporation reported Q3 2026 EPS of $1.11, missing the $1.16 consensus by 4.3%. Net income rose YoY to $7.2M from $6.9M, driven by higher net interest income and lower expenses vs the linked quarter, but the EPS miss and elevated provision for credit losses temper the positive operating trends.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP diluted EPS $1.11 vs consensus $1.16 (miss of 4.3%)
- Net income $7.2M vs $6.9M in Q3 2025 (+4.3%)
- Net interest margin (FTE) improved to 4.05% from 3.98% linked quarter and 3.69% year ago
- Provision for credit losses increased to $1.9M from $0.5M in Q3 2025
- Loan growth of $83.7M YTD; commercial loan originations $115M in Q3
- Cash dividend declared $0.28 per share, up from $0.26 in Q3 2025
Financial Impact
EPS miss of $0.05 vs consensus; net income up $0.3M YoY; provision expense up $1.4M YoY
Risk Factors
- EPS miss of 4.3% vs consensus may pressure the stock near term
- Provision for credit losses more than tripled YoY to $1.9M, signaling cautious reserve build
- Non-accrual loans decreased but modified loans increased to $6.9M, indicating potential credit stress
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302913046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $41.85 | awaiting T+60 | — | $45.67 (+9.13%) |
Oct 19, 2026 7d ago | Press Release | $41.85 | awaiting T+60 | — | $45.67 (−9.13%) |
Sep 29, 2026 27d ago | 8-K | $43.42 | awaiting T+60 | — | $45.67 (+5.18%) |
Sep 24, 2026 4w ago | 8-K | $43.30 | awaiting T+60 | — | $45.67 (+5.47%) |
Sep 23, 2026 4w ago | Press Release | $43.30 | awaiting T+60 | — | $45.67 (−5.47%) |
Jul 29, 2026 12w ago | Insider Cluster | $44.73 $45.92 | ▲ +2.66% | ▼ −2.07% | $45.67 (+2.10%) |
Jul 28, 2026 12w ago | Insider Cluster | $45.59 $44.08 | ▼ −3.31% | ▼ −7.66% | $45.67 (+0.18%) |
Jul 20, 2026 14w ago | Press Release | $44.18 $44.09 | ▼ −0.20% | ▼ −4.18% | $45.67 (+3.37%) |
Jun 18, 2026 18w ago | 8-K | $42.25 $45.02 | ▲ +6.56% | ▲ +4.81% | $45.67 (+8.09%) |
Jun 11, 2026 19w ago | Institutional Cluster | $41.65 $44.36 | ▼ −6.49% | ▼ −2.10% | $45.67 (−9.65%) |
US Market Status
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