First United Corporation (FUNC) Financial Statements (2026 and earlier)

Company Profile

Business Address 19 S SECOND ST
OAKLAND, MD 21550
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131,61278,32749,75374,315115,720149,432
Cash and cash equivalent131,61278,32749,75374,315115,720149,432
Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss✕✕✕214,297  ✕
Total current assets:131,61278,327264,05074,315115,720149,432
Noncurrent Assets
Operating lease, right-of-use asset1,0151,2041,3671,8982,2472,408
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization29,66530,08131,45934,94834,69736,863
Intangible asset, including goodwill, after accumulated amortization11,44411,77312,10312,43312,05211,004
Goodwill 11,00411,00411,00411,00411,00411,004
Intangible asset, excluding goodwill, after accumulated amortization 4407691,0991,4291,048 
Other undisclosed intangible asset, including goodwill, after accumulated amortization      
Deferred income tax assets8,7309,98911,13310,6056,8577,972
Total noncurrent assets:50,85453,04756,06259,88455,85358,247
Other undisclosed assets1,904,9871,841,6481,585,7481,713,9701,558,2651,525,735
TOTAL ASSETS:2,087,4531,973,0221,905,8601,848,1691,729,8381,733,414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt17,66165,40945,41864,56557,69949,160
Total current liabilities:17,66165,40945,41864,56557,69949,160
Noncurrent Liabilities
Other undisclosed liabilities1,866,1581,728,3181,698,5691,631,8111,530,2391,553,207
Total liabilities:1,883,8191,793,7271,743,9871,696,3761,587,9381,602,367
Equity
Equity, attributable to parent203,634179,295161,873151,793141,900131,047
Common stock656566676670
Additional paid in capital21,55120,47623,73424,40923,66130,149
Accumulated other comprehensive loss(25,266)(30,248)(35,827)(39,026)(27,314)(28,863)
Retained earnings207,284189,002173,900166,343145,487129,691
Total equity:203,634179,295161,873151,793141,900131,047
TOTAL LIABILITIES AND EQUITY:2,087,4531,973,0221,905,8601,848,1691,729,8381,733,414

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues101,47892,40777,32362,42258,25658,201
Net investment income100,84891,99381,15662,42258,25658,201
Cost of revenue
(Provision for Loan, Lease, and Other Losses)		(2,743)(2,933)(1,620)  (5,401)
Gross profit:98,73589,47475,70362,42258,25652,800
Operating expenses(14,360)(11,261)(10,399)(8,431)(13,342)(11,734)
Operating income:84,37578,21365,30453,99144,91441,066
Nonoperating income79164603  289
Investment income, nonoperating 234  159
Gains on sales of other real estate 77161599  130
Interest and debt expense   (24,286)(4,789)(5,714)(9,655)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (16,021)(12,891)(13,912)
Income from continuing operations before equity method investments, income taxes:84,45478,37741,62133,18126,30917,788
Other undisclosed loss from continuing operations before income taxes(51,921)(51,147)(22,145)   
Income from continuing operations before income taxes:32,53327,23019,47633,18126,30917,788
Income tax expense(8,018)(6,661)(4,416)(8,133)(6,539)(3,947)
Income from continuing operations:24,51520,56915,06025,04819,77013,841
Income before gain (loss) on sale of properties:✕✕✕✕✕19,77013,841
Net income available to common stockholders, diluted:24,51520,56915,06025,04819,77013,841

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:24,51520,56915,06025,04819,77013,841
Other comprehensive income (loss)4,9825,5793,199(11,712)1,549(2,892)
Comprehensive income, net of tax, attributable to parent:29,49726,14818,25913,33621,31910,949

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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