First United Corporation FUNC R2K

Financial Services · Banks - Regional · United States

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.

Market & Price

Market Cap

$254.90M

Current Price

$39.54

High / Low (52W)

$40.51 / $27.50

Beta

0.51

Valuation

Stock P/E

10.11

Industry PE

12.01

Forward P/E

8.40

PEG Ratio

0.33

Book Value

$31.84

Price to Book

1.24

P/S

2.89

EV/EBITDA

Dividend Yield

2.63%

Profitability & Returns

ROCE

ROE

13.05%

ROA

1.26%

Profit Margin

28.77%

Op Margin

41.02%

EPS (Latest Qtr)

$1.03

EPS (TTM)

$3.91

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$51.61M

Total Assets

$2.09B

Current Assets

Working Capital

Ownership

Promoter Holding

7.88%

Chg in Prom Hold

0.16%

FII / Inst Holding

48.15%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$216.67M

Total Revenue (TTM)

$88.20M

EBITDA

Free Cash Flow

Operating Cash Flow

$26.33M

Shares Outstanding

6.45M

Gross Margin

0.00%

Payout Ratio

24.55%

Growth (CAGR)

Revenue 5Y

5.51%

Profit 5Y

-0.71%

Revenue (YoY)

11.20%

Earnings (YoY)

15.50%

PROS

Excellent profit margin of 28.8%.
Attractive dividend yield of 2.63%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -0.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FUNC First United Corporation R2K	39.54	10.11	$254.90M	2.63%	-	13.05%	5.51%	-0.71%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	3.46M	3.48M	3.67M	-	3.68M	3.73M	3.80M	-	-	-	3.57M	3.02M	3.48M	3.94M	3.94M	4.00M	3.97M	4.04M	4.09M	-	-	-	-	-	-	-	20.93M	21.79M	22.69M	23.45M	23.37M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.05M	8.16M	8.36M	8.17M	7.64M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.70M	7.96M	9.24M	7.63M	8.84M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.89M	1.98M	2.29M	1.86M	2.18M
Net Income	1.36M	1.24M	1.34M	1.37M	1.95M	1.95M	1.87M	1.70M	2.29M	1.98M	2.31M	2.01M	-1.03M	2.51M	3.02M	2.76M	3.15M	2.60M	4.49M	1.75M	2.57M	4.96M	3.43M	4.40M	4.39M	5.71M	5.43M	6.94M	4.38M	4.41M	4.51M	3.70M	4.91M	-	-	5.81M	5.98M	6.95M	5.78M	6.66M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.44	0.37	0.63	0.25	0.37	0.70	0.49	0.66	0.66	0.86	0.82	1.04	0.65	0.66	0.67	0.56	0.75	-	-	0.89	0.92	1.07	0.89	1.03

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	11.81M	12.58M	12.96M	13.98M	-	75.65M	71.32M	79.79M	88.87M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	4.79M	24.29M	32.02M	32.73M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	33.18M	19.48M	27.23M	32.53M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	8.13M	4.42M	6.66M	8.02M
Net Income	-10.20M	3.63M	4.66M	6.47M	5.60M	12.99M	7.28M	5.27M	10.67M	13.13M	13.84M	-	25.05M	15.06M	20.57M	24.52M
Diluted EPS	-1.91	0.33	-	-	-	-	-	-	-	1.85	1.97	-	3.76	2.24	3.15	3.77

Compounded Sales Growth

5 Years:	5.51%
1 Year:	11.20%

Compounded Profit Growth

5 Years:	-0.71%
1 Year:	15.50%

Stock Price Performance

1 Year:	+35.27%
6 Months:	+4.24%
3 Months:	+12.25%
1 Month:	+6.43%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	1.70B	1.39B	1.32B	1.33B	1.33B	1.32B	1.32B	1.34B	1.38B	1.44B	1.73B	-	1.85B	1.91B	1.97B	2.09B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	189.67M	299.31M	83.07M	43.06M	43.06M	35.45M	52.14M	63.31M	83.75M	23.54M	49.98M	149.43M	-	74.31M	49.75M	78.33M	131.61M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	6.05M	7.49M	7.47M	7.90M
Total Liabilities	-	1.60B	1.29B	1.22B	1.23B	1.22B	1.20B	1.20B	1.23B	1.27B	1.32B	1.60B	-	1.70B	1.74B	1.79B	1.88B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	243.10M	207.04M	182.74M	182.67M	182.61M	147.54M	131.74M	120.93M	100.93M	100.93M	100.93M	-	30.93M	110.93M	120.93M	95.93M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	33.30M	112.48M	172.31M	97.11M
Total Equity	100.57M	95.64M	96.66M	99.42M	101.88M	109.00M	120.77M	113.70M	108.39M	117.07M	125.94M	131.05M	-	151.79M	161.87M	179.29M	203.63M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	6.67M	6.64M	6.47M	6.50M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	141.94M	63.04M	15.21M	18.68M	3.89M	22.20M	11.49M	12.92M	18.29M	16.39M	16.17M	-	26.54M	22.47M	22.28M	19.37M
Investing Cash Flow	7.97M	14.95M	75.58M	-63.56M	-2.38M	18.76M	11.89M	-7.66M	-113.71M	-32.52M	-191.28M	-	-172.40M	-81.71M	-38.44M	-48.01M
Financing Cash Flow	-40.27M	-312.19M	-72.82M	4.88M	-9.12M	-24.27M	-12.22M	15.17M	35.21M	42.57M	274.56M	-	104.46M	34.68M	44.73M	81.92M
Capital Expenditure	-3.86M	-236.00K	-1.28M	-941.00K	-720.00K	-1.37M	-3.92M	-6.56M	-9.48M	-3.97M	-1.60M	-	-3.58M	-353.00K	-1.92M	-3.97M
Free Cash Flow	138.08M	62.80M	13.93M	17.73M	3.17M	20.83M	7.57M	6.36M	8.81M	12.42M	14.56M	-	22.97M	22.12M	20.36M	15.40M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-41.41M	-24.56M	28.57M	53.28M
Share Buybacks	-	-	-	-	-	-	-	-	-	-	2.75M	7.18M	-	1.50M	4.03M	-
Dividends Paid	-	-	-	0	9.10M	2.70M	2.02M	1.22M	0	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	44.6%	84.8%	101.3%	99.0%	-	33.1%	21.1%	25.8%	27.6%
ROE %	-10.7%	3.8%	4.7%	6.4%	5.1%	10.8%	6.4%	4.9%	9.1%	10.4%	10.6%	-	16.5%	9.3%	11.5%	12.0%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

7.88%

Institutions

48.15%

Public Float

52.27%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	6.06%	390.91K	$15.46M
2	Dimensional Fund Advisors LP	5.60%	360.94K	$14.27M
3	Vanguard Capital Management LLC	4.17%	268.96K	$10.63M
4	Gendell, Jeffrey L.	2.77%	178.35K	$7.05M
5	De Lisle Partners LLP	2.55%	164.39K	$6.50M
6	Geode Capital Management, LLC	2.16%	139.57K	$5.52M
7	Huber Capital Management Llc	1.86%	119.94K	$4.74M
8	American Century Companies Inc	1.76%	113.36K	$4.48M
9	Renaissance Technologies, LLC	1.61%	103.59K	$4.10M
10	Arrowstreet Capital, Limited Partnership	1.56%	100.57K	$3.98M

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