---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-110216"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:38:46.485273+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First United Q3 EPS $0.89 vs $0.67 YoY; dividend raised 10% to $0.22

## Summary
- Net income $5.8M, diluted EPS $0.89 vs $0.67 Q3 2023; YTD net income $14.4M.
- Net interest margin (FTE) 3.46%; commercial loan production $52.1M, residential $19.9M.
- Provision for credit losses fell to $0.3M from $1.2M in Q2; non-accrual loans rose to $8.1M.
- Dividend increased 10% to $0.22 per share; book value $26.90, up from $24.38 at year-end.
- Obtained $90M FHLB borrowings at 3.89%, used to repay $41.1M BTFP and $40M maturing FHLB.

## SEC filing metadata
- accession: 0001104659-24-110216
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465924110216/0001104659-24-110216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465924110216/tm2426548d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-110216
- JSON: https://secwatch.observer/filing/0001104659-24-110216.json
- Plain text: https://secwatch.observer/filing/0001104659-24-110216.txt

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