secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001104659-25-100984
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First United Q3 net income $6.9M, EPS $1.07, up from $0.89 YoY; dividend raised to $0.26/share
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- Net income $6.9M ($1.07 diluted EPS) vs $5.8M ($0.89) in Q3 2024 and $6.0M ($0.92) in Q2 2025.
- Net interest margin (FTE) 3.69%, driven by higher loan yields and stable funding costs.
- Commercial loan originations $29.8M, residential mortgage originations $20.8M; payoffs unusually high.
- Q3 dividend raised to $0.26 per common share.
- Non-accrual loans $3.8M, down from $4.9M at Dec 2024; ACL at 1.28% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465925100984/0001104659-25-100984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465925100984/tm2529124d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-100984

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