First United reported FY 2025 net income of USD 24.52 million, up 19% from FY 2024. Net interest income rose 14% to USD 68.11 million, and net interest margin increased to 3.67% from 3.38%, as interest income climbed on higher average loan balances and upward repricing of adjustable-rate loans. Provision for credit losses fell 21% to USD 2.3 million, and net charge-offs declined 55% to USD 1 million. Total deposits increased 10% to USD 1.74 billion, including USD 50 million of brokered time deposits raised to repay USD 50 million of overnight borrowings outstanding at the end of FY 2024. First United said higher cash levels at year-end should allow it to repay outstanding debt and brokered deposits at their maturities as it moves into 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First United Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-025836), on March 10, 2026, and is solely responsible for the information contained therein.