First United Corporation (FUNC)

Nasdaq: FUNC · National Commercial Banks · Oakland, MD · filing with the SEC since 1994

Grade4.7

◀ Past 4.9● Present 4.4▶ Future 4.9

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 10, 2026	Mar 20, 2025	Mar 15, 2024	Mar 24, 2023	Mar 25, 2022	Mar 25, 2021	Mar 13, 2020	Mar 12, 2019	Mar 9, 2018	Mar 8, 2017
Revenue	18,426	17,715	16,670	16,157	16,056	13,980^r	12,965	12,579	11,815	·
For lenders
Interest and dividend income	100,848	91,993	81,156	62,422	58,256	58,201	57,920	52,294	46,949	45,863
Interest expense on deposits and borrowings	32,735	32,015	24,286	·	·	·	·	·	·	·
Net interest income	68,113	59,978	56,870	57,633	52,542	48,546	46,391	44,182	39,578	37,640
Provision for credit losses	2,743	2,933	1,620	-627	-817	5,401	1,320	2,111	2,534	3,122
Net interest income after provision	65,370	57,045	55,250	58,260^r	53,359	43,145	45,071	42,071	37,044	34,518
Noninterest income	20,568	19,825	14,469	18,050	20,749^r	18,577	16,783	15,168	14,340^r	14,653
Noninterest expense	53,405	49,640	50,243	43,129^r	47,799^r	43,934	45,389	43,808	39,170^r	39,107
Interest expense	·	·	24,286	4,789	5,714	9,655	11,529	8,112	7,371	8,223
Income before income taxes	32,533	27,230	19,476	33,181	26,309	17,788	16,465	13,431	12,214	10,064
Income tax expense	8,018	6,661	4,416	8,133	6,539	3,947	3,336	2,764	6,945	2,783
Net income including non-controlling interests	24,515	20,569	15,060	·	·	·	·	·	·	·
Net income	24,515	20,569	15,060	25,048	19,770	13,841	13,129	10,667	5,269	7,281
Preferred dividends	·	·	·	·	·	·	·	0	1,215	2,025
Net income to common shareholders	·	·	·	·	·	·	·	10,667	4,054	5,256
Earnings per share, basic	3.78	3.15	2.25	3.77	2.95	1.98	1.85	·	·	·
Earnings per share, diluted	3.77	3.15	2.25	3.76	2.95	1.97	1.85	·	·	·
Earnings per share, basic and diluted	·	·	·	·	·	·	1.85	1.51	0.58	0.84
Weighted average shares, basic	6,490,000	6,527,000	6,686,000	6,650,000	6,710,000	7,004,000	7,101,000	·	·	·
Weighted average shares, diluted	6,504,000	6,540,000	6,701,000	6,661,000	6,717,000	7,013,000	7,101,000	·	·	·
Weighted average shares, basic and diluted	·	·	·	·	·	·	7,101,000	7,079,000^r	6,932	6,264^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLeaseAndOtherLosses
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton FUNC · research, not advice