{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-018336","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2023-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.039648+00:00","generated_at":"2026-06-19T18:41:38.588008+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First United reports record annual net income of $25.0M; Q4 EPS $1.04","bullets":["Q4 net income $7.0M ($1.04 diluted EPS) vs $7.5M ($1.14) in Q4 2021 and $6.9M ($1.04) in Q3 2022.","Full-year 2022 net income $25.0M ($3.76 diluted EPS), highest ever, up from $19.8M ($2.95) in 2021.","Net interest margin (FTE) 3.63% in Q4 2022, down from 3.66% in Q3 but up from 3.49% a year ago.","Total assets grew 6.8% YoY to $1.8B; loans up $125.8M, deposits up $101.4M.","Allowance for loan losses ratio decreased to 1.14% from 1.38% a year ago; provision credit $0.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-018336","json":"https://secwatch.observer/filing/0001104659-23-018336.json","markdown":"https://secwatch.observer/filing/0001104659-23-018336.md","text":"https://secwatch.observer/filing/0001104659-23-018336.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465923018336/0001104659-23-018336-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465923018336/tm236325d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:41:38.588008+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d0018015599fe56c48a0ba9fd54884df270029b","claim":"FIRST UNITED CORP/MD/ reported financial results for the three- and twelve-month periods ended December 31, 2022.","evidence_excerpt":"On February 9, 2023, First United Corporation issued a press release describing its financial results for the three- and 12-month periods ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763907/000110465923018336/0001104659-23-018336-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three- and twelve-month periods ended December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}