secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2026-10-19T20:30:57+00:00
Accession:  0001104659-26-116913
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

First United posts Q3 net income $7.2M, EPS $1.11; NIM expands to 4.05%
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- Q3 2026 net income $7.2M, or $1.11 diluted EPS, vs $6.9M/$1.07 in Q3 2025 and $5.7M/$0.88 in Q2 2026.
- Net interest margin on non-GAAP FTE basis was 4.05%, up 7 bps from Q2's 3.98%; nine-month NIM 3.94% vs 3.64% in 2025.
- Provision for credit losses $1.9M vs $0.8M in Q2 and $0.5M in Q3 2025; ACL 1.36% of loans; net charge-offs $0.1M.
- Commercial loan originations $115.0M and residential mortgage originations $34.7M in Q3; gross loans up $83.7M YTD to $1.6B.
- Declared cash dividend $0.28/share; book value $33.15/share vs $31.33 at Dec. 31; deposits up $52.6M YTD to $1.8B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465926116913/0001104659-26-116913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465926116913/tm2627814d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-116913

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