{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-045633","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2026-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.709039+00:00","generated_at":"2026-05-15T05:13:45.600207+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First United Q1 2026 net income $6.7M ($1.03 EPS), up 16% YoY; NIM expands to 3.83%","bullets":["GAAP net income $6.7M, EPS $1.03, vs $5.8M ($0.89) YoY; non-GAAP net income $6.6M ($1.02).","Net interest margin (FTE) 3.83%, up 8 bps from Q4 2025, driven by higher loan yields and lower funding costs.","Deposits increased $15.5M; repaid $25M brokered CD and $65M FHLB borrowings during the quarter.","Commercial loan originations $98.0M, residential mortgage $16.0M; pipeline remains robust.","Non-accrual loans $4.7M (up from $4.2M at Dec 2025); provision $0.9M on economic uncertainty and increased commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-045633","json":"https://secwatch.observer/filing/0001104659-26-045633.json","markdown":"https://secwatch.observer/filing/0001104659-26-045633.md","text":"https://secwatch.observer/filing/0001104659-26-045633.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465926045633/0001104659-26-045633-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465926045633/tm2612275d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:13:45.600207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b881c0668c399367f62327162b488729d47de7c4","claim":"FIRST UNITED CORP/MD/ reported the three-month period ended March 31, 2026 results: net income $6.7 million, EPS $1.03 per diluted share.","evidence_excerpt":"Bank & Trust (the “Bank”), today announced financial results for the three-month period ended March 31, 2026. Generally Accepted Accounting Principles (“GAAP”) net income was $6.7 million for the first quarter of 2026, or $1.03 per diluted share, compared to $5.8 million, or $0.89 per diluted share, for the first quarter of 2025 and $5.8 million, or $0.89 per","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763907/000110465926045633/0001104659-26-045633-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-month period ended March 31, 2026"},{"label":"Net income","value":"$6.7 million"},{"label":"EPS","value":"$1.03 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}