First United Corporation Reports Q2 2025 Net Income of $6.0M, EPS Up to $0.92

Reuters
07/21
First United Corporation Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Income of $6.0M, EPS Up to $0.92

First United Corporation, the parent company of First United Bank & Trust, announced its financial results for the second quarter of 2025. The company reported a consolidated net income of $6.0 million for the quarter, or $0.92 per diluted common share, marking an increase from $4.9 million, or $0.75 per diluted common share, in the same period of 2024. Compared to the first quarter of 2025, net income rose slightly from $5.8 million, or $0.89 per diluted common share. For the first six months of 2025, net income was $11.8 million, or $1.81 per diluted common share, compared to $8.6 million, or $1.31 per diluted common share, during the same period last year. The company's net interest margin on a non-GAAP, fully tax-equivalent basis stood at 3.65% for the quarter, benefiting from increased loan yields and stable funding costs. Significant loan production was recorded, with $65.1 million in commercial loan originations and $19.2 million in residential mortgage originations. Overall, the $1.1 million increase in net income compared to the second quarter of 2024 was driven by a $1.5 million rise in net interest income, a $0.3 million decrease in provision for credit loss, and a $0.2 million increase in non-interest income. This was partially offset by a $0.6 million increase in non-interest expenses and a $0.4 million rise in income tax expense. The company declared a cash dividend of $0.22 per common share for the second quarter.

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 PR Newswire (Ref. ID: NE33495) on July 21, 2025, and is solely responsible for the information contained therein.

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