First United Q2 net income rises on higher loan yields

Reuters

07/21

First United <a href="https://laohu8.com/S/QTWO">Q2</a> net income rises on higher loan yields

Overview

First United Q2 net income rises to $6.0 mln, driven by increased loan yields
Net interest margin improves to 3.65%, partly helped by stable funding costs
The bank holding company's Q2 pre-tax profit rises to $7.96 mln from $6.52 mln year ago

Outlook

First United expects stronger growth in second half of 2025 due to strong loan pipelines
Company optimistic about Morgantown market growth potential
First United plans to focus on tech to improve efficiencies

Result Drivers

NET INTEREST MARGIN - Driven by increased loan yields and stable funding costs, per CEO Carissa Rodeheaver
LOAN PRODUCTION - Strong commercial and residential mortgage loan originations totaling $84.3 mln
TEAM EXPANSION - Morgantown team expansion seen as growth potential, per CEO Carissa Rodeheaver

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS		$0.92
Q2 Net Income		$6 mln
Q2 Net Interest Income		$16.71 mln
Q2 Pretax Profit	Beat	$7.96 mln	$7.19 mln (1 Analyst)
Q2 Basic EPS		$0.92
Q2 Net Interest Margin		3.6%
Q2 Provision for Credit Loan Losses		$860,000

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for First United Corp is $42.00, about 17.1% above its July 18 closing price of $34.83
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPnpD8Y7a

(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.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUNC","symbol_name":"馬里蘭第一聯合","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250721:nPLX4A8389:1","article_id":"2553748254","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553748254","pubTimestamp":1753100871,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"First United Q2 net income rises on higher loan yieldsOverviewFirst United Q2 net income rises to $6.0 mln, driven by increased loan yieldsNet interest margin improves to 3.65%, partly helped by stabl","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUNC":"马里兰第一联合","BK4211":"区域性银行"},"translate_title":"第一联合第二季度净利润因贷款收益率上升而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUNC":0.9},"content_text":"First United Q2 net income rises on higher loan yieldsOverviewFirst United Q2 net income rises to $6.0 mln, driven by increased loan yieldsNet interest margin improves to 3.65%, partly helped by stable funding costsThe bank holding company's Q2 pre-tax profit rises to $7.96 mln from $6.52 mln year agoOutlookFirst United expects stronger growth in second half of 2025 due to strong loan pipelinesCompany optimistic about Morgantown market growth potentialFirst United plans to focus on tech to improve efficienciesResult DriversNET INTEREST MARGIN - Driven by increased loan yields and stable funding costs, per CEO Carissa RodeheaverLOAN PRODUCTION - Strong commercial and residential mortgage loan originations totaling $84.3 mlnTEAM EXPANSION - Morgantown team expansion seen as growth potential, per CEO Carissa RodeheaverKey DetailsMetricBeat/MissActualConsensus EstimateQ2 EPS$0.92Q2 Net Income$6 mlnQ2 Net Interest Income$16.71 mlnQ2 Pretax ProfitBeat$7.96 mln$7.19 mln (1 Analyst)Q2 Basic EPS$0.92Q2 Net Interest Margin3.6%Q2 Provision for Credit Loan Losses$860,000Analyst CoverageThe one available analyst rating on the shares is \"buy\"The average consensus recommendation for the banks peer group is \"buy\"Wall Street's median 12-month price target for First United Corp is $42.00, about 17.1% above its July 18 closing price of $34.83The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months agoPress Release: ID:nPnpD8Y7a(This story was created using Reuters automation and AI based on LSEG and company data. 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