First United Corporation (FRA:FU3)

First United Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	88.41	81.76	69.57	54.45	52.95	52.16
Interest Income on Investments	10.01	10.24	11.59	7.97	5.3	6.05
Total Interest Income	98.42	91.99	81.16	62.42	58.26	58.2
Interest Paid on Deposits	27.07	25.83	19.2	3.23	3.47	6.36
Interest Paid on Borrowings	5.53	6.19	5.09	1.56	2.24	3.3
Total Interest Expense	32.59	32.02	24.29	4.79	5.71	9.66
Net Interest Income	65.83	59.98	56.87	57.63	52.54	48.55
Net Interest Income Growth (YoY)	12.58%	5.46%	-1.32%	9.69%	8.23%	4.64%
Trust Income	9.48	9.09	8.28	8.24	8.65	7.45
Gain (Loss) on Sale of Assets	0	-	-0.03	0.03	0.02	-0.15
Gain (Loss) on Sale of Investments	0.1	-	-4.21	0.09	0.1	0.54
Other Non-Interest Income	8.04	8.1	7.85	7.65	8.84	8.82
Total Non-Interest Income	20.39	19.83	14.47	18.05	19.37	18.58
Non-Interest Income Growth (YoY)	32.60%	37.02%	-19.84%	-6.83%	4.29%	18.45%
Revenues Before Loan Losses	86.22	79.8	71.34	75.68	71.92	67.12
Provision for Loan Losses	2.56	2.93	1.62	-0.63	-0.82	5.4
Revenue	83.66	76.87	69.72	76.31	72.73	61.72
Revenue Growth (YoY)	17.79%	10.26%	-8.64%	4.92%	17.84%	1.59%
Salaries and Employee Benefits	28.12	27.67	27.07	23.57	21.59	20.73
Federal Deposit Insurance	1.04	1.07	0.99	0.64	0.77	0.61
Selling, General & Administrative	15.71	15.3	16.48	14.26	15.79	17.37
Other Non-Interest Expense	5.33	5.33	5.79	4.08	4.93	5.21
Total Non-Interest Expense	50.62	49.64	50.24	43.13	42.13	43.93
EBT Excluding Unusual Items	33.05	27.23	19.48	33.18	30.6	17.79
Legal Settlements	-	-	-	-	-3.3	-
Other Unusual Items	-	-	-	-	-2.37	-
Pretax Income	33.05	27.23	19.48	33.18	26.31	17.79
Income Tax Expense	8.12	6.66	4.42	8.13	6.54	3.95
Net Income	24.92	20.57	15.06	25.05	19.77	13.84
Net Income to Common	24.92	20.57	15.06	25.05	19.77	13.84
Net Income Growth	54.41%	36.58%	-39.88%	26.70%	42.84%	5.42%
Basic Shares Outstanding	6	7	7	7	7	7
Diluted Shares Outstanding	6	7	7	7	7	7
Shares Change (YoY)	-1.32%	-2.40%	0.60%	-0.83%	-4.22%	-1.24%
EPS (Basic)	3.84	3.15	2.25	3.77	2.95	1.98
EPS (Diluted)	3.84	3.15	2.25	3.76	2.95	1.97
EPS Growth	56.67%	40.00%	-40.16%	27.62%	49.56%	6.55%
Dividend Per Share	0.920	0.840	0.780	0.600	0.580	0.520
Dividend Growth	15.00%	7.69%	30.00%	3.45%	11.54%	30.00%
Effective Tax Rate	24.58%	24.46%	22.67%	24.51%	24.86%	22.19%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.