{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-085078","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2026-07-20T20:21:35+00:00","discovered_at":"2026-07-20T20:23:01.284246+00:00","generated_at":"2026-07-20T20:23:14.515541+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"First United Q2 GAAP EPS $0.87 vs $0.92 YoY; non-GAAP EPS $1.13; NIM expands to 3.98%","bullets":["GAAP net income $5.7M ($0.87 diluted EPS) vs $6.0M ($0.92) in Q2 2025; non-GAAP net income $7.3M ($1.13 EPS) excluding $1.7M after-tax consulting fee.","Net interest margin (non-GAAP FTE) improved to 3.98% in Q2 2026 from 3.83% in Q1 2026 and 3.61% in Q2 2025.","Gross loans grew $50.4M since Dec 2025 to $1.6B; commercial originations $66M, residential $33.9M in Q2.","Provision for credit losses $0.8M; ACL ratio 1.31%; net charge-offs 0.04% annualized for H1 2026.","Book value per share $32.91 at June 30, 2026, up from $31.33 at Dec 31, 2025; cash dividend $0.26/share declared."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-085078","json":"https://secwatch.observer/filing/0001104659-26-085078.json","markdown":"https://secwatch.observer/filing/0001104659-26-085078.md","text":"https://secwatch.observer/filing/0001104659-26-085078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465926085078/0001104659-26-085078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465926085078/tm2620844d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-20T20:23:14.515541+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}