First United Corp/Md/FUNC
What First United Corp/Md/ does.
First United Corporation is a Maryland corporation chartered in 1985 and a bank holding company registered with the Board of Governors of the Federal Reserve System (the “FRB”) under the Bank Holding Company Act of 1956, as amended, that elected financial holding company status in 2021. The Corporation’s primary business is serving as the parent company of First United Bank & Trust, a Maryland trust company (the “Bank”), First United Statutory Trust I (“Trust I”) and First United Statutory Trust II (“Trust II” and together with Trust I, the “Trusts”), both Connecticut statutory business trusts. The Trusts were formed for the purpose of selling trust preferred securities that qualified as Tier 1 capital. The Bank has two consumer finance company subsidiaries - OakFirst Loan Center, Inc., a West Virginia corporation, and OakFirst Loan Center, LLC, a Maryland limited liability company (together with OakFirst Loan Center, Inc., the “OakFirst Loan Centers”) - and one subsidiary that it uses to hold real estate acquired through foreclosure or by deed in lieu of foreclosure - First OREO Trust, a Maryland statutory trust. In addition, the Bank owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, a Maryland limited partnership formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland, and a 99.9% non-voting membership interest in MCC FUBT Fund, LLC, an Ohio limited liability company formed for the purpose of acquiring, developing and operating low-income housing units in Allegany County, Maryland and Mineral County, West Virginia.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $14.0M | $16.1M | $16.2M | $16.7M | $17.7M | $18.4M |
| Net income | $13.8M | $19.8M | $25.0M | $15.1M | $20.6M | $24.5M |
| Free cash flow | $14.6M | $18.9M | $23.0M | $22.1M | $20.4M | $15.4M |
More on FUNC.
- First United Corp/Md/ summary
- First United Corp/Md/ financial statements
- First United Corp/Md/ key metrics
- First United Corp/Md/ health scores and style box
- First United Corp/Md/ earnings
- First United Corp/Md/ dividends
- First United Corp/Md/ valuation
- First United Corp/Md/ ownership and insiders
- First United Corp/Md/ peers
Figures from First United Corp/Md/'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.