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First United Corporation

FUNC

First United Corporation • NASDAQ
$38.18 ▲ 0.10% (+0.04)
Market Cap $247.52 M
52w High $42.50
52w Low $24.66
Dividend Yield 0.92%
P/E 9.94
Volume 8.62K
Outstanding Shares 6.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $31.053M ▲ $12.985M ▲ $6.948M ▲ 22.375% ▲ $1.07 ▲ $10.023M ▲
Q2-2025 $29.957M ▲ $12.974M ▲ $5.984M ▲ 19.975% ▼ $0.92 ▲ $8.769M ▲
Q1-2025 $28.976M ▲ $12.576M ▲ $5.806M ▼ 20.037% ▼ $0.9 ▼ $8.509M ▼
Q4-2024 $28.781M ▲ $12.081M ▼ $6.186M ▲ 21.493% ▲ $0.96 ▲ $8.856M ▲
Q3-2024 $28.296M $12.314M $5.771M 20.395% $0.89 $8.533M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $112.235M ▲ $2.024B ▲ $1.825B ▲ $199.099M ▲
Q2-2025 $97.495M ▼ $2.007B ▲ $1.816B ▲ $191.147M ▲
Q1-2025 $151.336M ▲ $1.98B ▲ $1.796B ▲ $183.694M ▲
Q4-2024 $149.935M ▼ $1.973B ▲ $1.794B ▲ $179.295M ▲
Q3-2024 $155.552M $1.916B $1.742B $173.979M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.948M ▲ $1.517M ▲ $6.95M ▲ $7.595M ▼ $16.062M ▲ $168K ▼
Q2-2025 $5.984M ▲ $995K ▼ $-26.208M ▼ $19.895M ▲ $-5.318M ▼ $706K ▼
Q1-2025 $5.806M ▼ $6.965M ▼ $-3.19M ▲ $2.329M ▼ $6.104M ▼ $6.38M ▼
Q4-2024 $6.186M ▲ $9.245M ▲ $-41.599M ▼ $48.289M ▲ $15.935M ▼ $9.2M ▲
Q3-2024 $5.771M $2.285M $-24.729M $39.744M $17.3M $588K

Revenue by Products

Product Q1-2022Q2-2022Q3-2022Q4-2022
Brokerage Commissions
Brokerage Commissions
 $0 ▲$0 ▲$0 ▲$0 ▲
Debit Card Income
Debit Card Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Service Charges
Other Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Charges on Deposit Accounts
Service Charges on Deposit Accounts
 $0 ▲$0 ▲$0 ▲$0 ▲
Trust Department
Trust Department
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has edged up over the past few years, showing slow but steady growth for a community bank. Profitability has stayed solid, with healthy spreads between what the bank earns and what it spends, though earnings have bounced around a bit as interest rates and credit conditions shifted. The strong year a few periods ago stands out, but the more recent results suggest the bank is still comfortably profitable rather than in a decline. Overall, the income statement reflects a conservative, relationship-driven bank that earns money consistently, but is not a high-growth story.

Balance Sheet

Balance Sheet Total assets have grown gradually, suggesting controlled expansion rather than aggressive balance-sheet build‑up. Cash levels are lower than a few years ago, implying more funds are deployed into loans or securities, which can boost income but slightly reduces immediate flexibility. Borrowings have risen, but shareholders’ equity has also increased over time, pointing to steady capital accumulation from profits. In simple terms, the balance sheet looks like that of a traditional regional bank: reasonably well-capitalized, modestly more leveraged than before, and slowly growing.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, which is important for any bank that depends on stable interest and fee income. Free cash flow is very close to operating cash flow because the business requires relatively little spending on physical assets, typical for a financial institution. The pattern over several years shows no major cash flow shocks, which supports the picture of a steady, low-drama operator. This stability gives management room to manage dividends, buybacks, or growth initiatives without relying heavily on new external funding.

Competitive Edge

Competitive Edge First United operates as a classic community bank with deep local roots, which can translate into strong customer loyalty and better insight into local borrowers. Its size is both a strength and a weakness: it can offer highly personalized service, but it lacks the scale, marketing muscle, and product breadth of national banks and large regionals. Competition from big banks and digital‑first players is a constant pressure, especially on pricing and technology expectations. Still, its long history, community involvement, and relationship focus create a meaningful niche that can be hard for larger, more distant competitors to replicate.

Innovation and R&D

Innovation and R&D For a community bank, First United appears reasonably progressive on technology: it has consolidated customer data into a modern no‑code CRM platform to streamline workflows and improve service. Its digital banking tools are fairly standard, but they are integrated with a high‑touch, local model, which can make the technology feel more accessible to customers. The Finture financial education program and workplace financial wellness offerings are distinctive and help position the bank as a trusted advisor rather than just a transaction provider. Innovation here is more about smart use of existing tech, partnerships, and data than about heavy in‑house R&D, which fits the company’s size and resources but still requires ongoing investment to keep up with fintech and cybersecurity demands.

Summary

First United looks like a stable, conservative community bank with slow revenue growth, consistent profitability, and a gradually strengthening capital base. Its cash flows are steady and its balance sheet expansion appears measured rather than aggressive. The core advantage lies in long‑standing community relationships, local knowledge, and an emphasis on personalized service, now supported by upgraded technology and education platforms. Key uncertainties revolve around the usual banking risks—credit quality in weaker economies, interest rate swings that can squeeze margins, and rising technology and compliance costs. Overall, the story is one of a traditional regional bank trying to thoughtfully modernize while preserving its community‑bank identity.

NEWS

November 14, 2025 · 8:30 AM UTC

First United Corporation Announces Planned Retirement of Chairman of the Board, President & CEO Carissa L. Rodeheaver

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October 20, 2025 · 4:04 PM UTC

FIRST UNITED CORPORATION ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS

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September 24, 2025 · 4:11 PM UTC

FIRST UNITED CORPORATION ANNOUNCES FOURTH QUARTER 2025 DIVIDEND

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