First United Q3 net income climbs 27% from previous quarter to $7.18 million

Bitget2026/10/19 20:25

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First United's third-quarter 2026 net income rose year-over-year to $7.18 million, up 27% from the second quarter.
Net interest income climbed 13% year-over-year to $19.61 million, driven by loan growth, adjustable-rate loan repricing and lower interest expense.
Provision for credit losses more than tripled year-over-year to $1.93 million, primarily due to loan and unfunded commitment growth.
CEO Jason Rush described loan pipelines heading into the fourth quarter as robust, while emphasizing expense management and a disciplined reserve approach.

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: 202610191615PR_NEWS_USPR_____NE75633) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First United Q3 net income climbs 27% from previous quarter to $7.18 million

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