---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-081576"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:19:46.838286+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First United Q2 net income $4.9M ($0.75/sh), net interest margin 3.49%

## Summary
- Net income $4.9M vs $4.4M Q2 2023; diluted EPS $0.75 vs $0.66.
- Net interest margin (FTE) 3.49% for Q2; net interest income up $1.1M YoY.
- Provision for credit losses $1.2M due to $1.1M charge-off on one commercial C&I credit.
- Loan portfolio grew $16.3M in H1 2024; commercial pipeline $64.9M.
- Repurchased 201,800 shares at avg $19.99; paid $0.20 quarterly dividend.

## SEC filing metadata
- accession: 0001104659-24-081576
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465924081576/0001104659-24-081576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465924081576/tm2419928d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-081576
- JSON: https://secwatch.observer/filing/0001104659-24-081576.json
- Plain text: https://secwatch.observer/filing/0001104659-24-081576.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.