First United Corporation (FUNC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	123.0M	119.2M	111.8M	95.6M	80.4M
Cost of Revenue	34.6M	35.5M	34.9M	25.9M	4.2M
Gross Profit	88.4M	83.7M	76.9M	69.7M	76.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	35.9M	35.1M	30.8M	30.4M	26.4M
General & Admin Expense	35.7M	35.1M	30.1M	29.5M	25.9M
Selling & Marketing Expense	182.0K	—	674.0K	833.0K	543.0K
Other Expenses	19.4M	16.1M	18.9M	19.8M	16.7M
Total Operating Expenses	55.3M	51.2M	49.6M	50.3M	43.1M
Cost and Expenses	89.9M	86.6M	84.6M	76.1M	47.3M
Operating Income (EBIT)	33.1M	32.5M	27.2M	19.5M	33.2M
Non-Operating
Interest Income	103.8M	100.8M	92.0M	81.2M	62.4M
Interest Expense	31.7M	32.7M	32.0M	24.3M	4.8M
Net Interest Income	72.0M	68.1M	60.0M	56.9M	57.6M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	33.1M	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	25.1M	24.5M	20.6M	15.1M	25.0M
Earnings from Cont. Ops	25.1M	24.5M	20.6M	15.1M	25.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	25.1M	24.5M	20.6M	15.1M	25.0M
Per Share
Basic EPS	$3.87	$3.78	$3.15	$2.25	$3.77
Diluted EPS	$3.86	$3.77	$3.15	$2.25	$3.76
Revenue Per Share	$19.06	$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	35.3M	35.6M	31.0M	24.4M	36.8M
D&A	2.2M	3.1M	3.8M	4.9M	3.6M
EBIT	33.1M	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 Jun 1, 2026