FUNC Financials FIRST UNITED CORP/MD/

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 5, 2026, 11:22 UTC Overview →

Growth & profitability

Revenue has grown 5.7% per year over the past 5 years.
Net income has grown faster than revenue (12.1% vs 5.7% per year).
Free cash flow has grown 1.1% per year over the past 5 years.

Financial health

The company holds more cash ($132M) than total debt ($114M).
Total debt has grown slower than revenue (-5.4% vs 5.7% per year).

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 24.3% of earnings and 38.7% of free cash flow.
The dividend has grown 10.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$18M	$25M	0.0%	0.0%	12.0%	1.2%	$15M	$114M	$132M
2024	$18M	$21M	0.0%	0.0%	11.5%	1.0%	$20M	$186M	$78M
2023	$17M	$15M	0.0%	0.0%	9.3%	0.8%	$22M	$156M	$50M
2022	$16M	$25M	0.0%	0.0%	16.5%	1.4%	$23M	$95M	$74M
2021	$16M	$20M	0.0%	0.0%	13.9%	1.1%	$19M	$89M	$116M
2020	$14M	$14M	0.0%	0.0%	10.6%	0.8%	$15M	$150M	$149M
2019	$13M	$13M	0.0%	0.0%	10.4%	0.9%	$12M	$150M	$50M
2018	$13M	$11M	0.0%	0.0%	9.1%	0.8%	$9M	$179M	$24M
2017	$12M	$5M	0.0%	0.0%	4.9%	0.4%	$6M	$170M	$84M
2016	—	$7M	—	—	6.4%	0.6%	$8M	$168M	$63M
2015	—	$13M	—	—	10.8%	1.0%	$21M	$183M	$52M
2014	—	$6M	—	—	5.1%	0.4%	$3M	$222M	$35M
2013	—	$6M	—	—	6.4%	0.5%	$18M	$226M	$43M
2012	—	$5M	—	—	4.7%	0.4%	$14M	$222M	$43M
2011	—	$4M	—	—	3.8%	0.3%	$63M	$244M	$83M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	—	$7M	—	—	3.4%	0.3%	$5M	$64M	$75M
Jun '26	—	$6M	—	—	2.7%	0.3%	$5M	$100M	$85M
Mar '26	—	$7M	—	—	3.2%	0.3%	$13M	$51M	$90M
Dec '25	—	$6M	—	—	2.8%	0.3%	$8M	$114M	$132M
Sep '25	—	$7M	—	—	3.5%	0.3%	$168000	$116M	$95M
Jun '25	—	$6M	—	—	3.1%	0.3%	$706000	$172M	$79M
Mar '25	—	$6M	—	—	3.2%	0.3%	$6M	$141M	$84M
Dec '24	—	$6M	—	—	3.5%	0.3%	$9M	$186M	$78M
Sep '24	—	$6M	—	—	3.3%	0.3%	$588000	$171M	$62M
Jun '24	—	$5M	—	—	3.0%	0.3%	$7M	$133M	$45M
Mar '24	—	$4M	—	—	2.2%	0.2%	$4M	$150M	$87M
Dec '23	—	$2M	—	—	1.1%	0.1%	$6M	$156M	$50M
Sep '23	—	$5M	—	—	2.9%	0.2%	$9M	$164M	$81M
Jun '23	—	$4M	—	—	2.8%	0.2%	$4M	$161M	$89M
Mar '23	—	$4M	—	—	2.9%	0.2%	$3M	$163M	$156M
Dec '22	$4M	$7M	0.0%	0.0%	4.6%	0.4%	$7M	$95M	$74M
Sep '22	$4M	$7M	0.0%	0.0%	5.3%	0.4%	$8M	$121M	$31M
Jun '22	$4M	$5M	0.0%	0.0%	4.1%	0.3%	$5M	$101M	$22M
Mar '22	$4M	$6M	0.0%	0.0%	4.2%	0.3%	$3M	$90M	$76M
Dec '21	$4M	$8M	0.0%	0.0%	5.3%	0.4%	$9M	$89M	$116M

Valuation over time

How the market has priced FUNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 4.4× (Mar '23) to 12.4× (Nov '26).
The price-to-sales ratio has risen from 6.8× (Mar '23) to 16.5× (Nov '26).
The dividend yield has fallen from 3.6% (Mar '23) to 2.0% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is FUNC growing its revenue and profit?

Over the past 5 years, FIRST UNITED CORP/MD/'s revenue has grown 5.7% per year, and net income grown 12.1% per year. These are computed facts, not advice.

How much debt does FUNC have?

As of FY2025, FIRST UNITED CORP/MD/ reported $114M of total debt against $132M of cash.

What is FUNC's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 133.0%.

What is FUNC's P/E ratio?

FIRST UNITED CORP/MD/'s P/E (TTM) is 12.02 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FUNC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 12.4× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.