secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001104659-25-009712
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465925009712/0001104659-25-009712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465925009712/tm255628d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-009712

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer