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First United Corporation

First United Corporation

FUNC · NASDAQ · Financial Services / Banks - Regional

46.76USD+0.36 (+0.78%)

Price History

Full chart

Market Stats

Previous Close46.40
Open46.30
Day Range46.17 – 46.76
52-Week Range32.90 – 46.18
Volume9.30K
Market Cap279.39M
P/E (TTM)11.21
Forward P/E5.27
EPS3.86
Dividend Yield2.58%
Beta0.50
50-Day Avg44.19
200-Day Avg40.07

About

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States. It operates through Community Banking and Wealth Management segments. The company offers deposit products, such as checking, savings, money market, individual retirement (IRA), employee benefit, and health savings accounts; regular and IRA certificates of deposit (CD); and demand deposits. It also provides business and personal loans; commercial loans secured by real estate, commercial equipment, and vehicles or other assets of the borrower; residential mortgages; home equity lines of credit; real estate construction loans to builders and individuals for single-family dwellings; and consumer loans, including indirect and direct auto loans, student loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers brokerage; certificate of deposit account registry and IntraFi cash services; treasury management, cash sweep, and various checking opportunities; trust services, such as personal trust, investment agency accounts, charitable trusts, estate administration, and estate planning, as well as retirement accounts, including IRA rollovers, 401(k) accounts, and defined benefit plans; safe deposit and night depository facilities; and insurance products. Further, it provides online, mobile, and digital banking; debit and credit cards; business support; merchant services; remote deposit capture; positive pay; sweep and escrow accounts; check recovery and ordering; equipment loans; floorplan lending; mobile wallet and deposit; credit insights; personal finance; bill pay; CD and trust secured loans; boat and RV loans; and retirement planning services. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Jason B. Rush
  • Employees315
  • Headquarters19 South Second Street, Oakland, MD, United States, 21550-0009, USA
  • Websitehttps://mybank.com

Leadership

  • Mr. Jason B. RushChairman of the Board, President & CEO · b. 1971
  • Mr. Robert L. Fisher IIExecutive VP & Chief Revenue Officer · b. 1969
  • Ms. Tonya K. SturmExecutive VP, CFO, Secretary & Treasurer · b. 1967
  • Mr. Anthony J. TaskerSenior VP & COO · b. 1981
  • Mr. Keith R. Sanders M.B.A.Executive VP & Chief Wealth Officer of First United Bank · b. 1970
  • Ms. Julie W. PetersonExecutive VP & Chief Credit Officer of First United Bank · b. 1970

Financials

Income Statement

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue36.40M33.00M36.00M36.90M41.60M44.20M49.40M53.50M62.20M71.31M72.54M66.60M69.57M73.65M83.84M94.31M108.66M111.71M101.14M80.09M75.92M67.96M63.30M60.40M59.47M60.52M61.29M67.54M74.71M76.92M78.61M80.44M95.61M111.80M119.18M
Growth (%)--9.34%+9.09%+2.50%+12.74%+6.25%+11.76%+8.30%+16.26%+14.64%+1.74%-8.20%+4.46%+5.87%+13.84%+12.48%+15.21%+2.81%-9.46%-20.82%-5.20%-10.48%-6.85%-4.58%-1.54%+1.77%+1.26%+10.20%+10.62%+2.96%+2.21%+2.32%+18.86%+16.94%+6.60%
Cost of Revenue18.40M13.40M11.70M11.50M14.70M17.10M19.90M23.10M29.40M37.24M36.30M27.21M24.43M26.55M30.49M40.50M51.64M55.97M47.69M44.89M30.36M23.36M12.11M13.38M10.46M11.35M9.90M10.22M12.85M15.06M4.90M4.16M25.86M34.93M35.48M
Gross Profit18.00M19.60M24.30M25.40M26.90M27.10M29.50M30.40M32.80M34.07M36.24M39.39M45.14M47.10M53.35M53.81M57.01M55.74M53.45M35.20M45.56M44.61M51.19M47.02M49.01M49.18M51.38M57.31M61.86M61.86M73.72M76.28M69.75M76.87M83.70M
Gross Margin49.45%59.39%67.50%68.83%64.66%61.31%59.72%56.82%52.73%47.78%49.96%59.15%64.88%63.95%63.63%57.06%52.47%49.90%52.85%43.95%60.01%65.63%80.87%77.84%82.41%81.26%83.84%84.86%82.80%80.43%93.77%94.83%72.95%68.75%70.23%
Operating Expense11.10M11.60M15.10M16.20M18.50M17.50M19.60M19.00M20.70M22.00M23.38M26.04M29.82M35.97M34.65M35.49M38.48M43.30M73.27M53.41M42.57M39.03M42.50M40.15M29.55M39.12M39.17M43.88M45.39M44.07M47.41M43.10M50.27M49.64M51.17M
Operating Income6.90M8.00M9.20M9.20M8.40M9.60M9.90M11.40M12.10M12.07M12.86M13.35M15.31M11.13M18.70M18.32M18.54M12.44M-19.82M-18.21M2.99M5.58M8.70M6.87M19.46M10.06M12.21M13.43M16.46M17.79M26.31M33.18M19.48M27.23M32.53M
Operating Margin18.96%24.24%25.56%24.93%20.19%21.72%20.04%21.31%19.45%16.93%17.72%20.05%22.01%15.12%22.30%19.43%17.06%11.14%-19.60%-22.74%3.94%8.20%13.74%11.37%32.73%16.63%19.93%19.89%22.04%23.13%33.47%41.25%20.37%24.36%27.30%
EBITDA7.70M9.50M11.40M10.80M9.90M11.20M11.20M13.20M13.50M13.61M14.43M15.10M19.59M15.16M22.26M21.31M21.78M15.96M-16.02M-14.97M5.61M7.57M10.74M8.81M21.23M11.77M14.11M15.87M19.86M21.34M29.74M36.83M24.39M31.02M35.59M
EBITDA Margin21.15%28.79%31.67%29.27%23.80%25.34%22.67%24.67%21.70%19.08%19.89%22.67%28.16%20.58%26.54%22.60%20.04%14.29%-15.84%-18.69%7.39%11.14%16.97%14.58%35.70%19.44%23.02%23.49%26.58%27.75%37.83%45.78%25.51%27.75%29.87%
Net Income4.80M5.50M6.00M6.20M5.60M6.50M6.60M7.40M8.00M8.31M9.17M9.65M10.75M7.63M12.15M12.58M12.79M8.87M-11.32M-10.20M3.63M4.66M6.47M5.60M12.99M7.28M5.27M10.67M13.13M13.84M19.77M25.05M15.06M20.57M24.52M
Net Income Margin13.19%16.67%16.67%16.80%13.46%14.71%13.36%13.83%12.86%11.66%12.64%14.50%15.45%10.36%14.49%13.34%11.77%7.94%-11.20%-12.73%4.78%6.86%10.23%9.27%21.84%12.03%8.60%15.79%17.57%17.99%25.15%31.14%15.75%18.40%20.57%
R&D--------------------00000000-------
R&D as % of Total Revenue--------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense17.60M12.80M11.40M11.30M14.70M16.40M19.00M21.90M27.10M35.04M33.38M25.70M23.60M24.02M29.41M39.34M49.33M43.04M32.10M29.16M21.21M13.96M11.73M10.87M9.41M8.22M7.37M8.11M11.53M9.65M5.71M4.79M24.29M32.02M32.73M
Interest Expense % of Total Revenue48.35%38.79%31.67%30.62%35.34%37.10%38.46%40.93%43.57%49.14%46.01%38.59%33.92%32.61%35.08%41.71%45.40%38.53%31.74%36.41%27.93%20.55%18.53%18.00%15.82%13.59%12.03%12.01%15.43%12.55%7.27%5.95%25.40%28.63%27.47%

Balance Sheet

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets349.00M361.60M423.40M459.00M487.20M523.60M569.00M641.10M793.30M847.59M818.11M954.39M1.11B1.23B1.31B1.35B1.48B1.64B1.74B1.70B1.39B1.32B1.33B1.33B1.32B1.32B1.34B1.38B1.44B1.73B1.73B1.85B1.91B1.97B2.09B
Total Liabilities312.80M321.80M375.00M407.90M431.70M466.80M512.30M582.60M735.20M782.08M747.04M875.11M1.02B1.15B1.22B1.25B1.37B1.57B1.64B1.60B1.29B1.22B1.23B1.22B1.20B1.20B1.23B1.27B1.32B1.60B1.59B1.70B1.74B1.79B1.88B
Total Equity36.20M39.80M48.40M51.10M55.50M56.80M56.70M58.50M58.10M65.51M71.08M79.28M84.19M86.36M92.04M96.86M104.67M72.69M100.57M95.64M96.66M98.91M101.34M109.00M120.77M113.70M108.39M117.07M125.94M131.05M141.90M151.79M161.87M179.29M203.63M
Cash25.20M20.40M14.70M14.50M16.00M16.30M17.60M13.60M41.70M36.05M23.99M24.45M21.75M26.01M29.61M25.79M25.80M19.30M189.67M299.31M65.11M83.07M43.06M35.45M52.14M63.31M83.75M23.54M49.98M149.43M115.72M74.31M49.75M78.33M131.61M
Total Debt---11.40M3.00M8.00M6.20M64.60M127.00M122.00M120.10M468.63M263.57M285.65M250.31M265.71M267.38M327.90M318.11M282.24M280.78M221.99M226.35M222.41M183.37M167.74M169.77M178.64M149.66M153.05M88.63M97.87M157.90M187.72M114.77M
Net Debt-25.20M-20.40M-14.70M-3.10M-13.00M-8.30M-11.40M51.00M85.30M85.94M96.11M444.18M241.83M259.63M220.70M239.92M241.57M308.59M128.44M-17.07M215.67M99.67M139.61M147.16M95.40M68.43M37.18M155.09M54.19M3.62M-82.03M23.55M108.15M109.39M-16.84M

Cash Flow

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.00M9.40M9.00M4.80M5.90M10.30M7.20M7.50M5.60M12.42M-636.00K12.72M10.39M8.18M46.71M13.10M14.48M17.44M3.95M142.64M63.04M15.21M18.68M3.89M22.20M11.49M12.92M18.29M16.39M16.17M20.02M26.54M22.47M22.28M19.37M
Investing Cash Flow-2.50M-20.00M-17.80M-37.60M-25.70M-38.10M-44.70M-75.40M-142.40M-49.44M45.53M-150.29M-22.22M-122.61M-112.06M-41.14M-131.67M-208.81M70.53M7.97M14.95M75.58M-63.56M-2.38M18.76M11.89M-7.66M-113.71M-32.52M-191.28M-28.43M-172.40M-81.71M-38.44M-48.01M
Financing Cash Flow-6.00M5.80M200.00K32.50M21.30M28.10M38.90M63.90M144.60M42.44M-39.12M123.11M13.87M118.32M65.81M26.76M118.18M184.87M95.89M-40.27M-312.19M-72.82M4.88M-9.12M-24.27M-12.22M15.17M35.21M42.57M274.56M-25.31M104.46M34.68M44.73M81.92M
Capital Expenditure600.00K500.00K2.10M2.20M1.40M1.00M1.40M1.40M2.20M2.62M2.29M3.38M4.20M9.29M5.54M5.29M4.13M2.55M3.45M3.86M236.00K1.28M941.00K720.00K1.37M3.92M6.56M9.48M3.97M1.60M1.13M3.58M353.00K1.92M3.97M
Free Cash Flow6.40M8.90M6.90M2.60M4.50M9.30M5.80M6.10M3.40M9.81M-2.93M9.34M6.19M-1.11M41.17M7.81M10.35M14.89M500.00K138.78M62.80M13.93M17.73M3.17M20.83M7.57M6.36M8.81M12.42M14.56M18.89M22.97M22.12M20.36M15.40M
Dividends Paid2.30M2.00M2.90M2.10M3.00M4.20M3.60M3.80M3.80M3.90M4.01M4.14M4.26M4.38M4.54M4.66M4.80M4.77M6.08M1.93M0009.10M2.70M2.02M1.22M1.91M3.13M3.65M3.89M3.99M5.22M5.37M5.97M
FCF to OCF91.43%94.68%76.67%54.17%76.27%90.29%80.56%81.33%60.71%78.93%460.53%73.40%59.57%-13.60%88.13%59.63%71.45%85.37%12.67%97.29%99.63%91.58%94.96%81.48%93.82%65.86%49.23%48.16%75.76%90.08%94.37%86.53%98.43%91.37%79.51%
Dividend Paid to FCF35.94%22.47%42.03%80.77%66.67%45.16%62.07%62.30%111.76%39.73%-136.94%44.30%68.86%-394.24%11.04%59.71%46.34%32.06%1215.80%1.39%0.00%0.00%0.00%287.21%12.96%26.75%19.09%21.69%25.17%25.03%20.59%17.36%23.59%26.39%38.73%

Earnings

Report DateMar 31, 1998Jul 21, 1998Oct 21, 1998Jan 21, 1999Mar 31, 1999Jun 30, 1999Oct 21, 1999Jan 21, 2000Apr 20, 2000Jul 21, 2000Oct 20, 2000Jan 22, 2001Apr 27, 2001Jul 23, 2001Oct 22, 2001Jan 22, 2002Apr 22, 2002Jul 22, 2002Oct 21, 2002Feb 27, 2003Apr 28, 2003Aug 7, 2003Nov 17, 2003Mar 2, 2004May 7, 2004Aug 4, 2004Nov 5, 2004Mar 14, 2005May 2, 2005Aug 5, 2005Nov 4, 2005Feb 23, 2006May 5, 2006Aug 2, 2006Nov 6, 2006Feb 22, 2007May 14, 2007Aug 2, 2007Nov 5, 2007Feb 26, 2008May 9, 2008Aug 6, 2008Nov 7, 2008Mar 2, 2009May 8, 2009Aug 10, 2009Nov 6, 2009Mar 12, 2010May 10, 2010Aug 6, 2010Nov 4, 2010Mar 8, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Nov 11, 2013Mar 3, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Nov 9, 2015Mar 7, 2016May 10, 2016Aug 11, 2016Nov 7, 2016Mar 8, 2017May 9, 2017Aug 8, 2017Nov 13, 2017Mar 9, 2018May 9, 2018Aug 16, 2018Nov 8, 2018Mar 12, 2019Jun 1, 2019Jul 15, 2019Oct 22, 2019Jan 29, 2020Apr 30, 2020Aug 10, 2020Nov 10, 2020Feb 22, 2021May 4, 2021Jul 28, 2021Oct 26, 2021Feb 4, 2022Apr 21, 2022Jul 25, 2022Oct 21, 2022Feb 9, 2023Apr 24, 2023Jul 24, 2023Oct 23, 2023Feb 5, 2024Apr 23, 2024Jul 22, 2024Oct 21, 2024Feb 3, 2025Apr 21, 2025Jul 21, 2025Oct 20, 2025Feb 11, 2026Apr 20, 2026Jul 20, 2026Oct 19, 2026
EPS Estimate-0.280.300.32--0.330.340.340.350.340.360.350.350.380.390.390.390.400.410.420.410.43-0.390.400.340.150.370.370.370.430.530.490.500.520.550.480.520.570.610.570.300.620.350.360.350.120.050.15-0.05-0.06-----------------------------------------0.710.650.800.790.880.960.950.870.720.630.610.560.660.790.860.800.840.890.960.921.051.16
EPS Actual0.270.280.300.350.290.320.330.360.380.300.350.390.330.380.430.370.380.390.420.480.400.420.360.460.450.330.270.290.450.350.500.690.460.500.530.560.510.520.580.650.510.680.300.400.350.12-0.97-1.58-0.90-0.21-0.01-0.790.120.050.07-0.500.200.400.380.240.230.220.070.150.070.110.160.110.080.201.250.190.200.290.150.220.220.300.25-0.120.350.430.390.340.440.370.630.410.250.370.710.710.800.660.931.100.860.821.041.040.650.660.670.820.620.750.890.950.890.921.071.101.021.13-
Surprise-0.00%0.00%9.38%--0.00%5.88%11.76%-14.29%2.94%8.33%-5.71%8.57%13.16%-5.13%-2.56%0.00%5.00%17.07%-4.76%2.44%-16.28%-15.38%-17.50%-20.59%93.33%21.62%-5.41%35.14%60.47%-13.21%2.04%6.00%7.69%-7.27%8.33%11.54%14.04%-16.39%19.30%0.00%-35.48%0.00%-66.67%-377.14%-1416.67%-1900.00%-240.00%80.00%-1216.67%------------------------------------------7.04%43.08%37.50%8.86%-6.82%8.33%9.47%-25.29%-8.33%6.35%34.43%10.71%13.64%12.66%10.47%11.25%9.52%20.22%14.38%10.87%7.62%-
Timing--------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-market-Pre-market--Pre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours---------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hours-After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap279.39M
Enterprise Value295.37M
Trailing P/E11.21
Forward P/E5.27
PEG Ratio0.33
Price / Sales3.09
Price / Book1.28
EPS3.86
Book Value32.91
Revenue (TTM)90.43M
Gross Profit (TTM)90.43M
Profit Margin27.71%
Operating Margin33.38%
Return on Equity12.42%
Return on Assets1.23%
Shares Outstanding6.45M
Shares Float5.94M
Beta0.50
Dividend Yield2.58%
Dividend Rate1.12
Payout Ratio24.54%

Analyst Ratings

Buy
Based on 1 analystsTarget 50.00
  • Buy
    1

Ownership Breakdown

Institutions
50.30%
Insiders
7.81%
Retail / Other
41.89%

Top Institutional Holders

  • BlackRock Inc
    390.91K6.06%
  • Dimensional Fund Advisors, Inc.
    361.92K5.61%
  • Vanguard Capital Management, LLC
    268.96K4.17%
  • Gendell Jeffrey L
    178.35K2.76%
  • Geode Capital Management, LLC
    139.57K2.16%
  • Huber Capital Management LLC
    119.94K1.86%
  • American Century Companies Inc
    113.55K1.76%
  • Renaissance Technologies Corp
    103.59K1.61%
  • Arrowstreet Capital Limited Partnership
    100.57K1.56%
  • Acadian Asset Management LLC
    94.71K1.47%
  • State Street Corp
    87.36K1.35%
  • Bridgeway Capital Management, LLC
    75.78K1.17%
  • The Goldman Sachs Group Inc
    64.26K1.00%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    195.05K3.02%
  • iShares Russell 2000 ETF
    164.79K2.55%
  • VT De Lisle America B USD
    164.39K2.55%
  • Avantis US Small Cap Value ETF
    131.81K2.04%
  • DFA US Small Cap Value I
    83.68K1.30%
  • Huber Small Cap Value Inv
    78.01K1.21%
  • Fidelity Small Cap Index
    65.75K1.02%

Dividends

20264×
0.28Oct 19, 20260.26Jul 20, 20260.26Apr 17, 20260.26Jan 16, 2026
20254×
0.26Oct 17, 20250.22Jul 18, 20250.22Apr 17, 20250.22Jan 17, 2025
20244×
0.22Oct 18, 20240.20Jul 18, 20240.20Apr 16, 20240.20Jan 17, 2024
20234×
0.20Oct 17, 20230.20Jul 17, 20230.20Apr 14, 20230.18Jan 12, 2023
20224×
0.15Oct 17, 20220.15Jul 15, 20220.15Apr 14, 20220.15Jan 13, 2022
20214×
0.15Oct 15, 20210.15Jul 16, 20210.15Apr 16, 20210.13Jan 14, 2021

Stock Splits

  • Nov 28, 2016662:657
  • Mar 13, 199621:20
  • Feb 9, 19943:2
  • Jun 16, 19932:1