secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001104659-26-010367
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465926010367/0001104659-26-010367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465926010367/tm265194d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-010367

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