FUNC
First United Corporation
NASDAQ: FUNC · FINANCIAL SERVICES · BANKS - REGIONAL
$37.16
+0.03% today
Updated 2026-04-30
Market cap
$246.14M
P/E ratio
9.76
P/S ratio
2.79x
EPS (TTM)
$3.91
Dividend yield
2.63%
52W range
$27 – $41
Volume
0.0M
First United Corporation (FUNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.31M | $108.66M | $111.71M | $101.14M | $80.09M | $75.92M | $67.96M | $63.30M | $60.40M | $59.47M | $60.52M | $61.29M | $67.54M | $74.71M | $76.92M | $78.61M | $80.44M | $95.61M | $111.80M | $119.18M |
| Revenue growth (YoY) | — | +15.2% | +2.8% | -9.5% | -20.8% | -5.2% | -10.5% | -6.9% | -4.6% | -1.5% | +1.8% | +1.3% | +10.2% | +10.6% | +3.0% | +2.2% | +2.3% | +18.9% | +16.9% | +6.6% |
| Cost of revenue | $40.50M | $51.64M | $55.97M | $47.69M | $44.89M | $30.36M | $23.36M | $12.11M | $13.38M | $10.46M | $11.35M | $9.90M | $10.22M | $12.85M | $15.06M | $4.90M | $4.16M | $25.86M | $34.93M | $35.48M |
| Gross profit | $53.81M | $57.01M | $55.74M | $53.45M | $35.20M | $45.56M | $44.61M | $51.19M | $47.02M | $49.01M | $49.18M | $51.38M | $57.31M | $61.86M | $61.86M | $73.72M | $76.28M | $69.75M | $76.87M | $83.70M |
| Gross margin | 57.1% | 52.5% | 49.9% | 52.8% | 43.9% | 60.0% | 65.6% | 80.9% | 77.8% | 82.4% | 81.3% | 83.8% | 84.9% | 82.8% | 80.4% | 93.8% | 94.8% | 73.0% | 68.8% | 70.2% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $19.08M | $20.63M | $23.25M | $25.43M | $27.96M | $22.59M | $21.47M | $22.47M | $22.02M | $23.41M | $22.15M | $22.87M | $24.81M | $25.05M | $22.55M | $25.94M | $25.87M | $29.60M | $30.10M | $35.06M |
| Operating income | $18.32M | $18.54M | $12.44M | $-19.82M | $-18.21M | $2.99M | $5.58M | $8.70M | $6.87M | $19.46M | $10.06M | $12.21M | $13.43M | $16.46M | $17.79M | $26.31M | $33.18M | $19.48M | $27.23M | $32.53M |
| Operating margin | 19.4% | 17.1% | 11.1% | -19.6% | -22.7% | 3.9% | 8.2% | 13.7% | 11.4% | 32.7% | 16.6% | 19.9% | 19.9% | 22.0% | 23.1% | 33.5% | 41.2% | 20.4% | 24.4% | 27.3% |
| EBITDA | $21.31M | $21.78M | $15.96M | $-16.02M | $-14.97M | $5.61M | $7.57M | $10.74M | $8.81M | $21.23M | $11.77M | $14.11M | $15.87M | $19.86M | $21.34M | $29.74M | $36.83M | $24.39M | $31.02M | $32.53M |
| EBITDA margin | 22.6% | 20.0% | 14.3% | -15.8% | -18.7% | 7.4% | 11.1% | 17.0% | 14.6% | 35.7% | 19.4% | 23.0% | 23.5% | 26.6% | 27.7% | 37.8% | 45.8% | 25.5% | 27.7% | 27.3% |
| EBIT | $18.32M | $18.54M | $12.44M | $-19.82M | $-18.21M | $2.99M | $5.58M | $8.70M | $6.87M | $19.46M | $10.07M | $12.21M | $13.43M | $16.46M | $17.79M | $26.31M | $33.18M | $19.48M | $27.23M | — |
| Interest expense | $39.34M | $49.33M | $43.04M | $32.10M | $29.16M | $21.21M | $13.96M | $11.73M | $10.87M | $9.41M | $8.22M | $7.37M | $8.11M | $11.53M | $9.65M | $5.71M | $4.79M | $24.29M | $32.02M | $32.73M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $12.58M | $12.79M | $8.87M | $-11.32M | $-10.20M | $3.63M | $4.66M | $6.47M | $5.60M | $12.99M | $7.28M | $5.27M | $10.67M | $13.13M | $13.84M | $19.77M | $25.05M | $15.06M | $20.57M | $24.52M |
| Net income growth (YoY) | — | +1.7% | -30.7% | -227.7% | +10.0% | +135.6% | +28.6% | +38.9% | -13.6% | +132.1% | -44.0% | -27.6% | +102.4% | +23.1% | +5.4% | +42.8% | +26.7% | -39.9% | +36.6% | +19.2% |
| Profit margin | 13.3% | 11.8% | 7.9% | -11.2% | -12.7% | 4.8% | 6.9% | 10.2% | 9.3% | 21.8% | 12.0% | 8.6% | 15.8% | 17.6% | 18.0% | 25.1% | 31.1% | 15.8% | 18.4% | 20.6% |