---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-010367"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T05:09:35.368283+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# First United Corporation Reports Full Year 2025 GAAP Net Income of $24.5 Million, Record Core Earnings

## Summary
- Full year 2025 GAAP net income rose to $24.5 million ($3.77/diluted share) from $20.6 million ($3.15/diluted share) in 2024.
- Record non-GAAP core earnings of $25.8 million ($3.97/diluted share) for 2025, excluding OREO write-down and branch sale losses.
- Net interest margin expanded to 3.67% in 2025 from 3.38% in 2024, driven by higher loan yields and stable funding costs.
- Q4 2025 commercial loan originations reached $108.0 million; residential mortgage originations totaled $25.3 million.
- Appointed Jason B. Rush as President and CEO; declared a $0.26 per share cash dividend in the fourth quarter.

## SEC filing metadata
- accession: 0001104659-26-010367
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2026-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465926010367/0001104659-26-010367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465926010367/tm265194d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-010367
- JSON: https://secwatch.observer/filing/0001104659-26-010367.json
- Plain text: https://secwatch.observer/filing/0001104659-26-010367.txt

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