---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-009712"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T03:03:18.037454+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First United Q4 net income $6.2M ($0.95/dil) vs $1.8M year ago; full year EPS $3.15

## Summary
- Q4 2024 GAAP net income $6.2M ($0.95 diluted EPS) vs $1.8M ($0.26) in Q4 2023.
- Full year 2024 net income $20.6M ($3.15/dil) vs $15.1M ($2.25) in 2023, up 36%.
- Net interest margin (FTE) 3.48% in Q4; loan growth $74.1M YoY to $1.5B.
- ACL at 1.23% of loans; non-accrual loans $4.9M; net charge-offs 0.16% for 2024.
- Book value per share $27.71 at Dec 31, 2024; declared $0.22 quarterly dividend.

## SEC filing metadata
- accession: 0001104659-25-009712
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465925009712/0001104659-25-009712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465925009712/tm255628d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-009712
- JSON: https://secwatch.observer/filing/0001104659-25-009712.json
- Plain text: https://secwatch.observer/filing/0001104659-25-009712.txt

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