secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001104659-24-081576
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465924081576/0001104659-24-081576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465924081576/tm2419928d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-081576

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