First United Corporation (FUNC)

First United Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	90.33	81.76	69.57	54.45	52.95
Interest Income on Investments	10.52	10.24	11.59	7.97	5.3
Total Interest Income	100.85	91.99	81.16	62.42	58.26
Interest Paid on Deposits	27.52	25.83	19.2	3.23	3.47
Interest Paid on Borrowings	5.21	6.19	5.09	1.56	2.24
Total Interest Expense	32.74	32.02	24.29	4.79	5.71
Net Interest Income	68.11	59.98	56.87	57.63	52.54
Net Interest Income Growth (YoY)	13.56%	5.46%	-1.32%	9.69%	8.23%
Trust Income	9.82	9.09	8.28	8.24	8.65
Gain (Loss) on Sale of Assets	-0.23	-	-0.03	0.03	0.02
Gain (Loss) on Sale of Investments	0.1	-	-4.21	0.09	0.1
Other Non-Interest Income	8.09	8.1	7.85	7.65	8.84
Total Non-Interest Income	20.57	19.83	14.47	18.05	19.37
Non-Interest Income Growth (YoY)	3.75%	37.02%	-19.84%	-6.83%	4.29%
Revenues Before Loan Losses	88.68	79.8	71.34	75.68	71.92
Provision for Loan Losses	2.74	2.93	1.62	-0.63	-0.82
Revenue	85.94	76.87	69.72	76.31	72.73
Revenue Growth (YoY)	11.80%	10.26%	-8.64%	4.92%	17.84%
Salaries and Employee Benefits	29.35	27.67	27.07	23.57	21.59
Federal Deposit Insurance	1.05	1.07	0.99	0.64	0.77
Selling, General & Administrative	15.69	15.3	16.48	14.26	15.79
Other Non-Interest Expense	5.09	5.33	5.79	4.08	4.93
Total Non-Interest Expense	53.41	49.64	50.24	43.13	42.13
EBT Excluding Unusual Items	32.53	27.23	19.48	33.18	30.6
Legal Settlements	-	-	-	-	-3.3
Other Unusual Items	-	-	-	-	-2.37
Pretax Income	32.53	27.23	19.48	33.18	26.31
Income Tax Expense	8.02	6.66	4.42	8.13	6.54
Net Income	24.52	20.57	15.06	25.05	19.77
Net Income to Common	24.52	20.57	15.06	25.05	19.77
Net Income Growth	19.18%	36.58%	-39.88%	26.70%	42.84%
Basic Shares Outstanding	6	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7
Shares Change (YoY)	-0.55%	-2.40%	0.60%	-0.83%	-4.22%
EPS (Basic)	3.78	3.15	2.25	3.77	2.95
EPS (Diluted)	3.77	3.15	2.25	3.76	2.95
EPS Growth	19.68%	40.00%	-40.16%	27.62%	49.56%
Dividend Per Share	0.960	0.840	0.780	0.600	0.580
Dividend Growth	14.29%	7.69%	30.00%	3.45%	11.54%
Effective Tax Rate	24.65%	24.46%	22.67%	24.51%	24.86%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q