Filing Flows › First United (FUNC) › Q3 2026
First United (FUNC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
First United (FUNC) reported revenue of $25.2M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +5% from the quarter before. Operating margin was 37.6%, net earnings $7.2M (28.5% of revenue).
First United, Q3 2026: revenue $25.2M (+11% year over year), operating margin 37.6%, net earnings $7.2M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.2M | +5% | +11% |
| Operating profit | $9.5M | +28% | +3% |
| Net earnings | $7.2M | +27% | +3% |
| Operating cash flow | $4.8M | +0.1% | +217% |
| Free cash flow | $4.6M | -2% | 27× |
What changed
Revenue was $25.2M in Q3 2026, up 11% year over year and up 5% from the previous quarter. Net interest income was the largest line at 78% of revenue. Net interest income added $2.2M year over year (up 13%), 89% of the total change.
Operating profit was $9.5M, a 37.6% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 41% margin then. Total costs grew 17% against revenue growth of 11%. The fastest-growing cost line was Credit loss provision (+278%). Net earnings were $7.2M, up 3% year over year. The effective tax rate was 24.2%.
Operating cash flow was $4.8M (up 217% year over year), 67% of net earnings. Working capital and other items used $2.4M. Capital expenditures of $240K left free cash flow of $4.6M.
Questions
What was First United's revenue in the third quarter 2026?
First United (FUNC) reported revenue of $25.2M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +5% from the quarter before.
Was First United profitable in the third quarter 2026?
Operating profit was $9.5M (37.6% of revenue) and net earnings $7.2M.
Source: First United 10-Q on SEC EDGAR.