---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-069174"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:25:17.016957+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First United Q2 net income $6.0M ($0.92 EPS) vs $4.9M ($0.75) year ago; NIM expands to 3.65%

## Summary
- Net income $6.0M ($0.92 diluted EPS) up 22% from $4.9M ($0.75) in Q2 2024; revenue growth from higher loan yields and stable funding costs.
- Net interest margin (FTE) 3.65% in Q2 2025, up from 3.31% in H1 2024, driven by rising loan yields and controlled deposit costs.
- Loan production of $65.1M commercial and $19.2M residential in Q2; total gross loans up $21.7M YTD to $1.5B.
- Provision for credit losses $0.9M, down from $1.2M a year ago; asset quality improved with non-accrual loans falling to $3.8M.
- Declared cash dividend $0.22 per share; book value per share $29.43, up 6% from $27.71 at Dec 31, 2024.

## SEC filing metadata
- accession: 0001104659-25-069174
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2025-07-21T23:59:59+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/763907/000110465925069174/0001104659-25-069174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465925069174/tm2521255d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-069174
- JSON: https://secwatch.observer/filing/0001104659-25-069174.json
- Plain text: https://secwatch.observer/filing/0001104659-25-069174.txt

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