FUNC
Income statement / Annual
Last year (2024), First United Corporation's total revenue was $111.80 M,
an increase of 16.94% from the previous year.
In 2024, First United Corporation's net income was $20.57 M.
See First United Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$111.80 M |
$95.61 M |
$80.44 M |
$78.61 M |
$76.92 M |
$74.71 M |
$67.54 M |
$61.29 M |
$60.53 M |
$59.47 M |
| Cost of Revenue |
$34.93 M
|
$25.86 M
|
$4.16 M
|
$4.90 M
|
$15.06 M
|
$12.85 M
|
$10.22 M
|
$9.91 M
|
$11.35 M
|
$10.46 M
|
| Gross Profit |
$76.87 M
|
$69.75 M
|
$76.28 M
|
$73.72 M
|
$61.86 M
|
$61.86 M
|
$57.31 M
|
$51.38 M
|
$49.18 M
|
$49.01 M
|
| Gross Profit Ratio |
0.69
|
0.73
|
0.95
|
0.94
|
0.8
|
0.83
|
0.85
|
0.84
|
0.81
|
0.82
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$30.10 M
|
$29.60 M
|
$25.87 M
|
$25.94 M
|
$22.55 M
|
$25.05 M
|
$24.81 M
|
$22.87 M
|
$22.15 M
|
$23.42 M
|
| Selling & Marketing Expenses |
$674.00 K
|
$833.00 K
|
$543.00 K
|
$535.00 K
|
$573.00 K
|
$418.00 K
|
$530.00 K
|
$536.00 K
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$30.78 M
|
$30.37 M
|
$26.41 M
|
$26.47 M
|
$23.13 M
|
$25.46 M
|
$25.34 M
|
$23.41 M
|
$22.15 M
|
$23.42 M
|
| Other Expenses |
$18.86 M
|
$19.85 M
|
$16.69 M
|
$20.94 M
|
$20.95 M
|
$19.93 M
|
$18.54 M
|
$15.76 M
|
$16.97 M
|
$6.13 M
|
| Operating Expenses |
$49.64 M
|
$50.27 M
|
$43.10 M
|
$47.41 M
|
$44.07 M
|
$45.39 M
|
$43.88 M
|
$39.17 M
|
$39.12 M
|
$29.55 M
|
| Cost And Expenses |
$84.57 M
|
$76.13 M
|
$47.26 M
|
$52.31 M
|
$59.13 M
|
$58.24 M
|
$54.11 M
|
$49.07 M
|
$50.46 M
|
$40.01 M
|
| Interest Income |
$91.99 M
|
$81.16 M
|
$62.42 M
|
$58.26 M
|
$58.20 M
|
$57.92 M
|
$52.29 M
|
$46.95 M
|
$45.86 M
|
$45.03 M
|
| Interest Expense |
$32.02 M
|
$24.29 M
|
$4.79 M
|
$5.71 M
|
$9.66 M
|
$11.53 M
|
$8.11 M
|
$7.37 M
|
$8.22 M
|
$9.41 M
|
| Depreciation & Amortization |
$3.79 M
|
$4.92 M
|
$3.65 M
|
$3.43 M
|
$3.55 M
|
$3.39 M
|
$2.44 M
|
$1.90 M
|
$1.69 M
|
$1.77 M
|
| EBITDA |
$31.02 M |
$24.39 M |
$36.83 M |
$29.74 M |
$21.34 M |
$19.86 M |
$15.87 M |
$14.11 M |
$11.77 M |
$21.23 M |
| EBITDA Ratio |
0.28
|
0.26
|
0.46
|
0.38
|
0.28
|
0.27
|
0.23
|
0.23
|
0.19
|
0.36
|
| Operating Income Ratio |
0.24
|
0.2
|
0.41
|
0.33
|
0.23
|
0.22
|
0.2
|
0.2
|
0.17
|
0.33
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$27.23 M
|
$19.48 M
|
$33.18 M
|
$26.31 M
|
$17.79 M
|
$16.47 M
|
$13.43 M
|
$12.21 M
|
$10.06 M
|
$19.46 M
|
| Income Before Tax Ratio |
0.24
|
0.2
|
0.41
|
0.33
|
0.23
|
0.22
|
0.2
|
0.2
|
0.17
|
0.33
|
| Income Tax Expense |
$6.66 M
|
$4.42 M
|
$8.13 M
|
$6.54 M
|
$3.95 M
|
$3.36 M
|
$2.76 M
|
$6.95 M
|
$2.78 M
|
$6.47 M
|
| Net Income |
$20.57 M
|
$15.06 M
|
$25.05 M
|
$19.77 M
|
$13.84 M
|
$13.13 M
|
$10.67 M
|
$5.27 M
|
$7.28 M
|
$12.99 M
|
| Net Income Ratio |
0.18
|
0.16
|
0.31
|
0.25
|
0.18
|
0.18
|
0.16
|
0.09
|
0.12
|
0.22
|
| EPS |
3.15 |
2.25 |
3.77 |
2.95 |
2.04 |
1.85 |
1.51 |
0.58 |
0.84 |
1.65 |
| EPS Diluted |
3.15 |
2.25 |
3.76 |
2.94 |
2.04 |
1.85 |
1.51 |
0.58 |
0.84 |
1.65 |
| Weighted Average Shares Out |
$6.53 M
|
$6.69 M
|
$6.65 M
|
$6.71 M
|
$7.00 M
|
$7.10 M
|
$7.08 M
|
$6.93 M
|
$6.26 M
|
$6.25 M
|
| Weighted Average Shares Out Diluted |
$6.54 M
|
$6.70 M
|
$6.66 M
|
$6.72 M
|
$7.01 M
|
$7.10 M
|
$7.08 M
|
$6.93 M
|
$6.26 M
|
$6.25 M
|
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