{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-111443","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.965272+00:00","generated_at":"2026-06-09T12:24:11.713039+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First United Q3 net income $4.5M, EPS $0.67 down from $1.04 YoY; NIM compresses to 3.12%","bullets":["Net income $4.5M ($0.67/sh) vs $6.9M ($1.04) in Q3 2022; YTD $13.3M ($1.99) vs $18.1M ($2.72).","Net interest margin (FTE) 3.12% vs 3.66% Q3 2022; nine-month NIM 3.30% vs 3.53%.","Gross loans grew $100.5M YTD to $1.4B; commercial +$50.9M, residential +$47.3M.","Deposits decreased $4.9M QoQ but up $4.3M YTD; brokered deposits $61.1M, non-interest bearing down $76.9M.","Allowance for credit losses 1.24% of loans; provision $0.3M vs $0.4M prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-111443","json":"https://secwatch.observer/filing/0001104659-23-111443.json","markdown":"https://secwatch.observer/filing/0001104659-23-111443.md","text":"https://secwatch.observer/filing/0001104659-23-111443.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465923111443/0001104659-23-111443-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465923111443/tm2329065d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:24:11.713039+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":"337f2ee6a0172da43c47bce9a1c1879dc4418d0d","claim":"FIRST UNITED CORP/MD/ reported three- and nine-month periods ended September 30, 2023 results: net income $4.5 million, EPS $0.67 per share (basic and diluted).","evidence_excerpt":"On October 23, 2023, First United Corporation (the “Corporation”) issued a press release describing its financial results for the three- and nine-month periods ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763907/000110465923111443/0001104659-23-111443-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three- and nine-month periods ended September 30, 2023"},{"label":"Net income","value":"$4.5 million"},{"label":"EPS","value":"$0.67 per share (basic and diluted)"},{"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"}