First United Corp/Md/ - Understand $func stock

$FUNC Market Cap: $233.3 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$68.27M

TTM

Gross Margin

Net Earnings

$16.14M

TTM

Current Assets

Current Liabilities

$79.97M

Q3 2024

Current Ratio

Total Assets

$1.916B

Q3 2024

Total Liabilities

$1.742B

Q3 2024

Book Value

$174.0M

Q3 2024

Cash

$62.39M

Q3 2024

P/E

14.45

Nov 29, 2024 EST

Free Cash Flow

$16.77M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue	$16.67M	$16.16M	$58.26M	$58.20M	$57.92M	$52.29M	$46.95M
YoY Change	3.18%	-72.27%	0.09%	0.49%	10.76%	11.38%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$16.67M	$16.16M	$58.26M	$58.20M	$57.92M	$52.29M	$46.95M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.129M	$3.296M	$3.300M	$3.300M	$3.100M	$2.400M	$1.900M	$1.700M	$1.800M	$1.900M	$2.000M	$2.000M	$2.600M	$3.200M	$3.800M	$3.500M	$3.300M	$3.000M	$3.100M	$2.900M	$2.300M	$1.700M	$1.600M	$1.500M	$1.600M	$1.500M	$1.500M	$1.300M	$1.100M	$900.0K	$800.0K	$700.0K
YoY Change	25.27%	-0.12%	0.0%	6.45%	29.17%	26.32%	11.76%	-5.56%	-5.26%	-5.0%	0.0%	-23.08%	-18.75%	-15.79%	8.57%	6.06%	10.0%	-3.23%	6.9%	26.09%	35.29%	6.25%	6.67%	-6.25%	6.67%	0.0%	15.38%	18.18%	22.22%	12.5%	14.29%	16.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$24.29M	$4.789M	$5.714M	$9.655M	$11.53M	$8.112M	$7.371M
YoY Change	407.12%	-16.19%	-40.82%	-16.25%	42.12%	10.05%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Pretax Income	$19.48M	$33.18M	$26.31M	$17.79M	$16.47M	$13.43M	$12.21M	$10.06M	$19.46M	$6.870M	$8.670M	$5.580M	$2.990M	-$18.21M	-$19.82M	$12.44M	$18.54M	$18.32M	$18.70M	$11.13M	$15.32M	$13.35M	$12.86M	$12.07M	$12.09M	$11.41M	$9.940M	$9.620M	$8.450M	$9.240M	$9.190M	$9.120M
YoY Change	-41.3%	26.12%	47.9%	8.04%	22.59%	9.96%	21.41%	-48.3%	183.26%	-20.76%	55.38%	86.62%	-116.42%	-8.12%	-259.32%	-32.9%	1.2%	-2.03%	68.01%	-27.35%	14.76%	3.81%	6.55%	-0.17%	5.96%	14.79%	3.33%	13.85%	-8.55%	0.54%	0.77%	18.9%
Income Tax	$4.416M	$8.133M	$6.539M	$3.947M	$3.336M	$2.764M	$6.945M	$2.780M	$6.470M	$1.270M	$2.220M	$910.0K	-$640.0K	-$8.020M	-$8.500M	$3.570M	$5.750M	$5.740M	$6.550M	$3.510M	$4.570M	$3.700M	$3.690M	$3.760M	$4.130M	$3.980M	$3.300M	$3.140M	$2.850M	$3.010M	$3.180M	$2.920M
% Of Pretax Income	22.67%	24.51%	24.85%	22.19%	20.26%	20.58%	56.86%	27.63%	33.25%	18.49%	25.61%	16.31%	-21.4%			28.7%	31.01%	31.33%	35.03%	31.54%	29.83%	27.72%	28.69%	31.15%	34.16%	34.88%	33.2%	32.64%	33.73%	32.58%	34.6%	32.02%
Net Earnings	$15.06M	$25.05M	$19.77M	$13.84M	$13.13M	$10.67M	$5.269M	$7.280M	$12.99M	$5.600M	$6.450M	$4.660M	$3.630M	-$10.20M	-$11.32M	$8.870M	$12.79M	$12.58M	$12.15M	$7.630M	$10.75M	$9.660M	$9.170M	$8.310M	$7.960M	$7.430M	$6.650M	$6.480M	$5.600M	$6.230M	$6.010M	$6.200M
YoY Change	-39.88%	26.7%	42.84%	5.42%	23.08%	102.45%	-27.62%	-43.96%	131.96%	-13.18%	38.41%	28.37%	-135.59%	-9.89%	-227.62%	-30.65%	1.67%	3.54%	59.24%	-29.02%	11.28%	5.34%	10.35%	4.4%	7.13%	11.73%	2.62%	15.71%	-10.11%	3.66%	-3.06%	16.76%
Net Earnings / Revenue	90.34%	155.03%	33.94%	23.78%	22.67%	20.4%	11.22%
Basic Earnings Per Share	$2.25	$3.77	$2.95	$1.98	$1.85
Diluted Earnings Per Share	$2.24	$3.76	$2.95	$1.97	$1.85	$1.507M	$760.5K	$1.163M	$2.078M	$900.3K	$1.039M	$752.8K	$587.4K	-$1.656M	-$1.850M	$1.452M	$2.080M	$2.052M	$1.989M	$1.253M	$1.765M	$1.589M	$1.508M	$1.367M	$1.303M	$1.196M	$1.049M	$998.5K	$861.5K	$958.5K	$926.0K	$959.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$32.83M	$36.85M	$36.90M	$39.30M	$41.40M	$37.90M	$30.90M	$27.20M	$25.20M	$25.60M	$26.90M	$29.50M	$30.80M	$32.90M	$31.70M	$31.10M	$31.40M	$29.90M	$27.00M	$23.50M	$16.60M	$13.20M	$11.50M	$10.80M	$9.800M	$9.100M	$9.300M	$9.300M	$9.600M	$9.400M	$8.000M	$6.800M
YoY Change	-10.91%	-0.15%	-6.11%	-5.07%	9.23%	22.65%	13.6%	7.94%	-1.56%	-4.83%	-8.81%	-4.22%	-6.38%	3.79%	1.93%	-0.96%	5.02%	10.74%	14.89%	41.57%	25.76%	14.78%	6.48%	10.2%	7.69%	-2.15%	0.0%	-3.13%	2.13%	17.5%	17.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments				$300.0K	$1.100M	$1.900M	$2.600M			$4.400M	$5.000M
YoY Change				-72.73%	-42.11%	-26.92%				-12.0%
Other Assets	$11.95M	$10.61M	$11.60M	$8.000M	$7.400M	$7.800M	$9.300M	$19.30M	$19.80M	$25.90M	$29.20M	$28.90M	$28.70M	$26.40M	$29.20M	$29.60M	$1.700M
YoY Change	12.66%	-8.58%	45.0%	8.11%	-5.13%	-16.13%	-51.81%	-2.53%	-23.55%	-11.3%	1.04%	0.7%	8.71%	-9.59%	-1.35%	1641.18%
Total Long-Term Assets
YoY Change
Total Assets	$1.906B	$1.848B	$1.730B	$1.733B	$1.442B	$1.385B	$1.337B	$1.318B	$1.324B	$1.332B	$1.334B	$1.321B	$1.391B	$1.696B	$1.744B	$1.639B	$1.479B	$1.349B	$1.311B	$1.234B	$1.108B	$954.4M	$818.1M	$847.6M	$793.3M	$641.1M	$569.0M	$523.6M	$487.2M	$459.0M	$423.4M	$417.1M
YoY Change
Accounts Payable	$32.90M	$26.58M	$15.80M	$26.00M	$20.20M	$20.60M	$18.90M	$22.50M	$20.50M	$19.60M	$28.40M	$23.00M	$22.50M	$16.90M	$21.00M	$14.50M	$12.90M	$14.20M	$11.60M	$10.10M	$9.200M	$9.200M	$9.100M	$9.100M	$8.600M	$5.600M	$5.100M	$5.400M	$4.400M	$4.900M	$6.500M	$6.400M
YoY Change	23.81%	68.21%	-39.23%	28.71%	-1.94%	8.99%	-16.0%	9.76%	4.59%	-30.99%	23.48%	2.22%	33.14%	-19.52%	44.83%	12.4%	-9.15%	22.41%	14.85%	9.78%	0.0%	1.1%	0.0%	5.81%	53.57%	9.8%	-5.56%	22.73%	-10.2%	-24.62%	1.56%
Accrued Expenses	$1.556M	$2.373M	$2.800M	$3.000M	$3.200M
YoY Change	-34.43%	-15.25%	-6.67%	-6.25%
Deferred Revenue
YoY Change
Short-Term Debt	$45.42M	$64.57M	$57.70M	$49.20M	$48.70M	$77.70M	$48.80M	$36.00M	$35.80M	$39.80M	$43.70M	$39.30M	$36.90M	$39.10M	$47.60M	$42.00M	$34.10M	$74.90M	$90.90M	$110.2M	$71.80M	$55.60M	$97.10M	$99.00M	$127.0M	$64.60M	$6.200M	$8.000M	$3.000M	$11.40M	$0.00	$0.00
YoY Change	-29.66%	11.9%	17.28%	1.03%	-37.32%	59.22%	35.56%	0.56%	-10.05%	-8.92%	11.2%	6.5%	-5.63%	-17.86%	13.33%	23.17%	-54.47%	-17.6%	-17.51%	53.48%	29.14%	-42.74%	-1.92%	-22.05%	96.59%	941.94%	-22.5%	166.67%	-73.68%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$81.21M	$30.15M	$19.60M	$29.90M	$24.30M	$21.20M	$18.90M	$22.50M	$20.50M	$19.60M	$28.40M	$23.00M	$22.50M	$16.90M	$21.00M	$15.60M	$14.10M	$15.40M	$12.80M	$11.20M	$10.30M	$10.30M	$10.10M	$10.10M	$9.600M	$6.600M	$6.000M	$6.300M	$4.400M	$4.900M	$6.500M	$6.400M
YoY Change	169.36%	53.82%	-34.45%	23.05%	14.62%	12.17%	-16.0%	9.76%	4.59%	-30.99%	23.48%	2.22%	33.14%	-19.52%	34.62%	10.64%	-8.44%	20.31%	14.29%	8.74%	0.0%	1.98%	0.0%	5.21%	45.45%	10.0%	-4.76%	43.18%	-10.2%	-24.62%	1.56%
Long-Term Debt	$110.9M	$30.93M	$30.90M	$30.90M	$30.90M	$30.90M	$30.90M	$131.7M	$41.70M	$46.70M	$46.70M	$46.70M	$46.70M	$46.70M	$43.10M	$35.90M	$35.90M	$35.90M	$35.90M	$35.90M	$23.70M	$23.70M	$23.00M	$23.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	258.66%	0.09%	0.0%	0.0%	0.0%	0.0%	-76.54%	215.83%	-10.71%	0.0%	0.0%	0.0%	0.0%	8.35%	20.06%	0.0%	0.0%	0.0%	0.0%	51.48%	0.0%	3.04%	0.0%
Other Long-Term Liabilities	$873.0K	$7.194M	$10.40M
YoY Change	-87.86%	-30.83%
Total Long-Term Liabilities	$111.8M	$30.93M	$41.30M	$30.90M	$30.90M	$30.90M	$30.90M	$131.7M	$41.70M	$46.70M	$46.70M	$46.70M	$46.70M	$46.70M	$43.10M	$35.90M	$35.90M	$35.90M	$35.90M	$35.90M	$23.70M	$23.70M	$23.00M	$23.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	261.48%	-25.11%	33.66%	0.0%	0.0%	0.0%	-76.54%	215.83%	-10.71%	0.0%	0.0%	0.0%	0.0%	8.35%	20.06%	0.0%	0.0%	0.0%	0.0%	51.48%	0.0%	3.04%	0.0%
Total Liabilities	$1.744B	$1.696B	$1.588B	$1.602B	$1.316B	$1.268B	$1.228B	$1.205B	$1.203B	$1.223B	$1.232B	$1.222B	$1.294B	$1.601B	$1.643B	$1.566B	$1.374B	$1.253B	$1.219B	$1.148B	$1.024B	$875.1M	$747.0M	$782.1M	$735.2M	$582.6M	$512.3M	$466.8M	$431.7M	$407.9M	$375.0M	$372.2M
YoY Change	2.81%	6.83%	-0.9%	21.75%	3.83%	3.21%	1.96%	0.15%	-1.68%	-0.72%	0.84%	-5.59%	-19.15%	-2.58%	4.9%	13.99%	9.72%	2.75%	6.23%	12.05%	17.03%	17.15%	-4.49%	6.38%	26.19%	13.72%	9.75%	8.13%	5.83%	8.77%	0.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2011
Basic Shares Outstanding	6.686M	6.650M	6.710M	7.004M	7.101M	6.177M
Diluted Shares Outstanding	6.701M	6.661M	6.717M	7.013M	7.101M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $233.26 Million

About FIRST UNITED CORP/MD/

First United Corp. is a bank holding company, which engages in community banking services. The company is headquartered in Oakland, Maryland and currently employs 304 full-time employees. The firm's segments include Community Banking, and Trust and Investment Services. The Community Banking segment is conducted through the Bank and involves delivering a broad range of financial products and services, including various loan and deposit products, to consumer, business, and not-for-profit customers. The Trust and Investment Services segment is conducted through the Bank and offers corporate trustee services, trust and estate administration, individual retirement accounts (IRA) administration and custody services. The Bank also owns approximately 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, and a 99.9% non-voting membership interest in MCC FUBT Fund, LLC. The Bank operates approximately 26 banking offices, one customer service center and 33 automated teller machines.

Industry: National Commercial Banks Peers: CB Financial Services, Inc. MALVERN BANCORP, INC. PNC FINANCIAL SERVICES GROUP, INC. Sound Financial Bancorp, Inc. UNITED SECURITY BANCSHARES