Saturday 17 October 2026 Export FUNC’s income statement to Excel — free account

First United Corporation

First United Corporation’s revenue for fiscal 2025 (year ended December 2025) was $121.4 million, up 8.58% from fiscal 2024. In the quarter to June 2026, revenue grew 5.24%, EPS fell 4.35%, free cash flow grew 705.5% and total debt fell 74.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.

44.24 0.32 +0.73%

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Market cap: $283.5M
P/E: 11.4×
Fwd P/E: 9.1×
Dividend yield: 2.98%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Total sells 0.50

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	4	—	—	4	—	—	4	—	—	4	—	—
Sell	—	—	—	1	—	—	—	—	3	—	—	—

Insider Ownership 4.98%

Capital & Financial Ratios $m

Market Cap 283.46

Revenue 125.06

Net Income 25.06

Free Cash Flow 27.13

Net Debt (55.30)

Current Ratio 0.91

Debt/Equity 0.15

P/E ratio 11.43

Fwd P/E 9.13

P/S ratio 2.28

P/B ratio 1.34

Past 5Y EPS Growth 13.18%

This Y EPS Growth 12.07%

Next Y EPS Growth 6.64%

Next Y revenue growth (19.97%)

Next 5Y EPS Growth 12.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 66.94%

10-year low 10-year high

P/S against its own 10 years 94.84%

10-year low 10-year high

P/B against its own 10 years 96.39%

10-year low 10-year high

Dividends

Payout Ratio 0.34

Annual Dividend Rate 1.32

Annual Dividend Yield 2.98%

	total	individual payouts
2027	Powerpack
2026	1.06	0.26 0.26 0.26 0.28
2025	0.92	0.22 0.22 0.22 0.26
2024	0.82	0.20 0.20 0.20 0.22
2023	0.78	0.18 0.20 0.20 0.20
2022	0.60	0.15 0.15 0.15 0.15
2021	0.58	0.13 0.15 0.15 0.15
2020	0.52	0.13 0.13 0.13 0.13
2019	0.40	0.09 0.09 0.09 0.13
2018	0.27	0.09 0.09 0.09
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	50	78	133	86
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,447	1,549	1,652	1,650

	2023	2024	2025	Q'26
Payables	1,551	1,575	1,735	1,736
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,597	1,641	1,754	1,806

Compound Annual Growth %

	10y	5y	3y
Sales	5.51%	9.60%	14.69%
Cash Flow	(1.35%)	3.68%	(9.96%)
Earnings	9.07%	12.11%	(0.71%)
Book Value	5.36%	9.22%	10.29%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	31	32	—	—	—
’25	29	30	31	31	121
’24	27	28	28	29	112
’23	22	25	26	23	96
’22	19	19	21	22	80
’21	19	19	20	21	79
’20	19	19	19	19	77

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	14	5	—	—	—
’25	7	1	2	10	19
’24	4	7	2	9	22
’23	4	5	9	6	22
’22	3	7	8	8	27
’21	8	(1)	4	10	20
’20	4	(1)	5	8	16

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13	6	—	—	—
’25	6	1	0	8	15
’24	4	7	1	9	20
’23	4	4	9	7	23
’22	3	5	8	7	23
’21	8	(2)	4	9	19
’20	3	(1)	6	7	15

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.03	0.87	—	—	—
’25	0.89	0.92	1.07	0.89	3.77
’24	0.56	0.75	0.89	0.95	3.15
’23	0.65	0.66	0.67	0.26	2.24
’22	0.86	0.82	1.04	1.04	3.76
’21	0.49	0.66	0.66	1.14	2.95
’20	0.25	0.37	0.70	0.72	2.03

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.82	13.00	14.75	15.45	10.74	15.30	16.18	12.56	19.17	24.66	Analyst estimates 2026–2028 Powerpack
	High	16.95	18.30	24.32	24.80	24.99	20.50	24.50	23.69	36.49	42.50
People
People	Employees	356	363	356	319	319	303	336	338	291	343
	Revenue/emp, $m	0.17	0.17	0.19	0.23	0.24	0.26	0.24	0.28	0.38	0.35
Income, $m
Income, $m	Revenue	61	61	67	75	77	79	80	96	112	121
	Gross margin, %	86.41	87.97	87.98	84.57	87.42	92.77	94.05	74.60	71.37	73.04
	EBT	10	12	13	16	18	26	33	19	27	33
	EBT margin, %	16.63	19.93	19.91	22.04	23.17	33.30	41.23	20.37	24.35	26.79
	Net income	7	5	11	13	14	20	25	15	21	25
	Depreciation	2	2	2	3	2	1	3	4	3	2
Per share, $
Per share, $	Revenue	9.66	8.84	9.53	10.52	10.96	11.77	12.10	14.30	17.13	18.71
	Earnings	0.84	0.58	1.51	1.85	2.04	2.95	3.77	2.25	3.15	3.78
	Cash flow	1.83	1.86	2.58	2.31	2.31	2.98	3.99	3.36	3.41	2.99
	Capex	(0.58)	(0.81)	(1.34)	(0.56)	(0.23)	(0.16)	(0.50)	0.11	(0.29)	(0.61)
	Free cash flow	1.25	1.05	1.24	1.75	2.08	2.82	3.50	3.47	3.12	2.37
	Book value	18.15	15.64	16.54	17.74	18.71	21.15	22.83	24.21	27.47	31.38
	Shares, m	6	7	7	7	7	7	7	7	7	6
Valuation, ×
Valuation, ×	P/E	18.99	30.00	10.54	13.02	7.60	6.36	5.21	10.58	10.67	9.90
	P/S	1.65	1.97	1.67	2.29	1.41	1.59	1.62	1.66	1.97	2.00
	P/B	1.07	1.11	0.96	1.36	0.83	0.89	0.86	0.98	1.23	1.19
	EV/Sales	2.78	2.57	2.82	2.97	0.78	0.52	1.08	2.30	2.35	1.70
	EV/FCF	21.50	21.59	21.57	17.88	4.12	2.17	3.75	9.51	12.90	13.39
Cash, $m
Cash, $m	Operating cash flow	11	13	18	16	16	20	27	22	22	19
	Capex	(4)	(6)	(9)	(4)	(2)	(1)	(3)	1	(2)	(4)
	Free cash flow	8	7	9	12	15	19	23	23	20	15
Balance, $m
Balance, $m	Working capital	(106)	(119)	(125)	(106)	(172)	(276)	(290)	(150)	(92)	(102)
	Total debt	132	121	101	101	101	31	31	111	121	96
	Net debt	68	37	77	51	(49)	(85)	(43)	61	43	(37)
	Shareholders’ equity	114	108	117	126	131	142	152	162	179	204
Returns, %
Returns, %	ROA	0.40	0.31	0.78	0.93	0.87	1.14	1.40	0.80	1.06	1.21
	ROIC	3.45	5.24	4.32	5.82	13.47	28.79	19.13	5.46	7.67	12.18
	ROE	5.70	4.01	9.46	10.81	10.77	14.49	17.06	9.60	12.06	12.80

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MYFW First Western Financial, Inc.	$287.7M	15.5×	12.3×	+10.12% (above 0%: growing)	+126.92% (above 0%: growing)	+216.45% (above 0%: growing)	58.35%	0.00%	Compare
ATLO Ames National Corporation	$284.8M	12.5×	11.0×	+7.68% (above 0%: growing)	+31.37% (above 0%: growing)	−13.26% (below 0%: shrinking)	73.46%	0.00%	Compare
FUNC First United Corporation	$283.5M	11.4×	9.1×	+5.24% (above 0%: growing)	−4.35% (below 0%: shrinking)	+705.52% (above 0%: growing)	75.95%	0.00%
FRAF Franklin Financial Services Corp.	$282.6M	11.4×	10.0×	+1.12% (above 0%: growing)	+11.36% (above 0%: growing)	+20.95% (above 0%: growing)	71.88%	0.00%	Compare
OVLY Oak Valley Bancorp (CA)	$282.3M	12.0×	—	+4.45% (above 0%: growing)	−8.82% (below 0%: shrinking)	−20.28% (below 0%: shrinking)	85.32%	0.00%	Compare
ISBA Isabella Bank Corporation	$280.1M	13.5×	11.9×	+13.60% (above 0%: growing)	+1.47% (above 0%: growing)	+1.06% (above 0%: growing)	73.42%	0.00%	Compare
VABK Virginia National Bankshares Corporation	$279.1M	11.1×	17.8×	+24.86% (above 0%: growing)	+110.13% (above 0%: growing)	−47.94% (below 0%: shrinking)	77.48%	0.00%	Compare
NKSH National Bankshares, Inc.	$276.0M	13.6×	10.7×	+6.17% (above 0%: growing)	+119.44% (above 0%: growing)	+118.57% (above 0%: growing)	71.02%	0.00%	Compare
FNRN First Northern Community Bancorp	$273.3M	12.2×	—	+2.07% (above 0%: growing)	−12.99% (below 0%: shrinking)	+31.66% (above 0%: growing)	83.16%	0.00%	Compare
Median of peers	$281.2M	12.3×	11.5×	+6.92%	+21.37%	+11.01%	73.44%	0.00%

All 323 Banks Regional stocks →

First United Corporation (FUNC) key facts

Strength: First United Corporation’s revenue for fiscal 2025 (year ended December 2025) was $121.4 million, up 8.58% from fiscal 2024.
First United Corporation (FUNC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FUNC traded at $44.24, a market capitalization of $283.5 million.
First United Corporation pays an annual dividend of $1.32 per share, a yield of 2.98%, with a payout ratio of 34.2%.
Return on equity was 12.8% and debt-to-equity 0.15.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.