First United Corporation

First United Corporation reported net income of $24.5 million for fiscal year 2025, with basic and diluted earnings per share of $4.00. The company generated total interest income of $100.8 million, primarily from interest and fees on loans ($90.3 million) and investment securities ($7.4 million). After interest expense of $32.7 million, net interest income was $68.1 million. Total other operating income contributed $20.6 million, while operating expenses totaled $53.4 million, led by salaries and employee benefits ($29.3 million). The balance sheet shows total assets of $2.09 billion, with net loans of $1.50 billion and total deposits of $1.74 billion. Cash flow from operations was $19.4 million, with net cash used in investing activities of $48.0 million and net cash provided by financing activities of $81.9 million, resulting in a $53.3 million increase in cash and cash equivalents. The company maintained strong capital with total shareholders' equity of $203.6 million.

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