---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-036574"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:47:36.483258+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First United Q1 net income $5.8M ($0.89 EPS) up from $3.7M YoY; NIM expands to 3.56%

## Summary
- Net income $5.8M vs $3.7M YoY; diluted EPS $0.89 vs $0.56 Q1 2024; revenue increased $2.2M in net interest income.
- Net interest margin (FTE) 3.56% for Q1 2025, reflecting higher loan yields and stable funding costs.
- Commercial loan originations $36.1M, residential $11.4M; total loans down $0.9M due to payoffs and amortization.
- Deposits +$48.7M; $50M brokered deposits (avg rate 4.24%) used to repay $50M overnight borrowings.
- Nonaccrual loans $4.0M vs $4.9M at Dec 2024; quarterly cash dividend $0.22 per share.

## SEC filing metadata
- accession: 0001104659-25-036574
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2025-04-21T23:59:59+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/763907/000110465925036574/0001104659-25-036574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465925036574/tm2512752d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-036574
- JSON: https://secwatch.observer/filing/0001104659-25-036574.json
- Plain text: https://secwatch.observer/filing/0001104659-25-036574.txt

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