Overview
Bank holding company's Q4 GAAP net income decreased compared to Q4 2024
Non-GAAP net income for Q4 2025 increased, reflecting record core earnings
Company faced high commercial loan payoffs despite strong loan production
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
NET INTEREST MARGIN - Strong net interest margin of 3.75% in Q4 2025, driven by increased loan yields and stable funding costs
LOAN PRODUCTION - Strong loan production with $108.0 mln in commercial loan originations and $25.3 mln in residential mortgage originations, offset by high commercial loan payoffs
OREO WRITE-DOWN - Operating expenses increased due to a $1.6 mln write-down on a legacy loan participation now in OREO
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | $0.89 | ||
Q4 Net Income | $5.80 mln | ||
Q4 Net Interest Income | $17.99 mln | ||
Q4 Pretax Profit | $7.63 mln | $8.24 mln (1 Analyst) | |
Q4 Basic EPS | $0.89 | ||
Q4 Net Interest Margin | 3.66% | ||
Q4 Provision for Credit Loan Losses | $717,000 |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for First United Corp is $42.00, about 5.7% above its February 3 closing price of $39.72
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPn77c70Sa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)