First United Corp income statement
In fiscal 2025, First United Corp reported revenue of $88.7m, up 11.1% on the year before and net income of $24.5m, or $3.77 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 56 | 54 | 52 | 49 | 62 | 52 | 54 | 59 | 63 | 67 | 73 | 76 | 71 | 80 | 89 | 93 |
| Interest expense | 29 | 21 | 14 | 12 | 11 | 9 | 8 | 7 | 8 | 12 | 10 | 6 | 5 | 24 | — | — | — |
| Net interest income | 42 | 38 | 39 | 38 | 36 | 36 | 38 | 40 | 44 | 46 | 49 | 53 | 58 | 57 | 60 | 68 | 72 |
| Non-interest income | 1 | 17 | 15 | 13 | 14 | 26 | 15 | 14 | 15 | 17 | 19 | 21 | 18 | 14 | 20 | 21 | 21 |
| Non-interest expense | 45 | 43 | 40 | 42 | 40 | 41 | 39 | 39 | 44 | 45 | 44 | 48 | 43 | 50 | 50 | 53 | 57 |
| Provision for credit losses | 16 | 9 | 9 | 0 | 3 | 1 | 3 | 3 | 2 | 1 | 5 | −1 | −1 | 2 | 3 | 3 | 3 |
| Income before tax | — | — | 6 | 9 | 7 | 19 | 10 | 12 | 13 | 16 | 18 | 26 | 33 | 19 | 27 | 33 | 33 |
| Income tax | −8 | −1 | 1 | 2 | 1 | 6 | 3 | 7 | 3 | 3 | 4 | 7 | 8 | 4 | 7 | 8 | 8 |
| Net income | −10 | 4 | 5 | 6 | 6 | 13 | 7 | 5 | 11 | 13 | 14 | 20 | 25 | 15 | 21 | 25 | 25 |
| Diluted EPS | −$1.91 | $0.33 | $0.48 | $0.76 | $0.48 | $1.65 | $0.84 | $0.58 | $1.51 | $1.85 | $1.97 | $2.95 | $3.76 | $2.25 | $3.15 | $3.77 | $3.86 |
| Diluted shares (average) | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 6m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 21 | 21 | 22 | 23 | 23 | 23 | 24 |
| Net interest income | 15 | 16 | 16 | 17 | 17 | 18 | 18 | 19 |
| Non-interest income | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Non-interest expense | 12 | 12 | 13 | 13 | 13 | 15 | 14 | 16 |
| Provision for credit losses | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 8 | 8 | 8 | 8 | 9 | 8 | 9 | 7 |
| Income tax | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net income | 6 | 6 | 6 | 6 | 7 | 6 | 7 | 6 |
| Diluted EPS | $0.89 | $0.96 | $0.89 | $0.92 | $1.07 | $0.89 | $1.03 | $0.88 |
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