FIRST UNITED CORP/MD/ (FUNC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	124.5M	119.2M	111.8M	95.6M	80.4M
Cost of Revenue	35.1M	35.5M	34.9M	25.9M	4.2M
Gross Profit	89.4M	83.7M	76.9M	69.7M	76.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	37.3M	35.1M	30.8M	30.4M	26.4M
General & Admin Expense	37.3M	35.1M	30.1M	29.5M	25.9M
Selling & Marketing Expense	—	—	674.0K	833.0K	543.0K
Other Expenses	18.8M	16.1M	18.9M	19.8M	16.7M
Total Operating Expenses	56.1M	51.2M	49.6M	50.3M	43.1M
Cost and Expenses	91.2M	86.6M	84.6M	76.1M	47.3M
Operating Income (EBIT)	33.4M	32.5M	27.2M	19.5M	33.2M
Non-Operating
Interest Income	105.0M	100.8M	92.0M	81.2M	62.4M
Interest Expense	30.8M	32.7M	32.0M	24.3M	4.8M
Net Interest Income	74.3M	68.1M	60.0M	56.9M	57.6M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	33.4M	32.5M	27.2M	19.5M	33.2M
Income Tax Expense	8.1M	8.0M	6.7M	4.4M	8.1M
Bottom Line
Net Income	25.3M	24.5M	20.6M	15.1M	25.0M
Earnings from Cont. Ops	25.3M	24.5M	20.6M	15.1M	25.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	25.3M	24.5M	20.6M	15.1M	25.0M
Per Share
Basic EPS	$3.91	$3.78	$3.15	$2.25	$3.77
Diluted EPS	$3.90	$3.77	$3.15	$2.25	$3.76
Revenue Per Share	$19.29	$18.36	$17.13	$14.30	$12.10
Shares
Basic Shares Outstanding	6.5M	6.5M	6.5M	6.7M	6.7M
Diluted Shares Outstanding	6.5M	6.5M	6.5M	6.7M	6.7M
Profitability Metrics
EBITDA	35.5M	35.6M	31.0M	24.4M	36.8M
D&A	2.2M	3.1M	3.8M	4.9M	3.6M
EBIT	33.4M	32.5M	27.2M	19.5M	33.2M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026