First United Corporation chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 11.41
Dividend & Yield0.60$ (2.95%)
Beta 0.75
Market capitalization 135.26M
Operating cash flow 28.31M
ESG Scores unknown

Company description

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities. It also provides loans, such as commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit and night depository facilities. It operates 26 banking offices, one customer care center, and 34 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, Monongalia, and Harrison counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -113.71M -32.52M -191.28M -28.43M
Net Borrowings 8.86M -28.98M 432k -61.46M
Total Cash From Financing Activities 35.21M 42.57M 274.56M -25.31M
Change To Operating Activities 1.81M 900k 5.01M 237k
Issuance Of Stock 119k 170k 198k 215k
Net Income 10.67M 13.13M 13.84M 19.77M
Change In Cash -60.21M 26.44M 99.45M -33.71M
Effect Of Exchange Rate
Total Cash From Operating Activities 18.29M 16.39M 16.17M 20.02M
Depreciation 2.44M 3.39M 3.55M 3.43M
Change To Account Receivables
Other Cashflows From Financing Activities 28.14M 74.5M 280.33M 47.01M
Change To Netincome 3.01M -1.03M 594k -1.81M
Capital Expenditures -9.48M -3.97M -1.6M -1.13M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 13.43M 16.46M 17.79M 26.31M
Net Income 10.67M 13.13M 13.84M 19.77M
Selling General Administrative 37.09M 38.74M 38.11M 37.38M
Gross Profit 57.24M 60.75M 61.72M 72.7M
Ebit
Operating Income 15.53M 17.31M 18.41M 30.43M
Interest Expense
Income Tax Expense 2.76M 3.34M 3.95M 6.54M
Total Revenue 57.24M 60.75M 61.72M 72.7M
Cost Of Revenue
Total Other Income ExpenseNet -2.1M -847k -622k -4.12M
Net Income From Continuing Ops 10.67M 13.13M 13.84M 19.77M
Net Income Applicable To Common Shares 10.67M 13.13M 13.84M 19.77M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.27B 1.32B 1.6B 1.59B
Total Stockholder Equity 117.07M 125.94M 131.05M 141.9M
Other Current Liabilities 638k 925k 910k 993k
Total Assets 1.38B 1.44B 1.73B 1.73B
Common Stock 71k 71k 70k 66k
Other Current Assets 4.17M 5.87M 9.79M 4.89M
Retained Earnings 109.48M 119.48M 129.69M 145.49M
Treasury Stock -24.4M -25.97M -28.86M -27.31M
Cash 23.54M 49.98M 149.43M 115.72M
Total Current Liabilities 1.15B 1.19B 1.47B 1.53B
Other Stockholder Equity -24.4M -25.97M -28.86M -27.31M
Property, Plant, and Equipment 37.85M 41.37M 39.27M 36.94M
Total Current Assets 35.36M 59.97M 168.6M 125.08M
Net Tangible Assets 106.06M 114.94M 120.04M 129.85M
Net Receivables
Accounts Payable 1.07B 1.14B 1.42B 1.47B


Insider Transactions

Here are the insider transactions of stock shares related to First United Corporation:

Filer Name Transaction Text Ownership Date Filer Relation Shares
RODEHEAVER CARISSA LYNNPurchase at price 18.68 per share.D2022-11-15Chief Executive Officer213
RODEHEAVER CARISSA LYNNPurchase at price 18.86 - 19.25 per share.D2022-11-02Chief Executive Officer154
RUSH JASON BARRYPurchase at price 19.25 per share.D2022-11-02Chief Operating Officer77
BOAL BRIAN RPurchase at price 19.25 per share.D2022-11-02Director41
MCCULLOUGH JOHN WPurchase at price 19.27 per share.D2022-11-01Director419
RODEHEAVER CARISSA LYNNPurchase at price 17.56 per share.D2022-10-17Chief Executive Officer227
RODEHEAVER CARISSA LYNNPurchase at price 17.62 per share.D2022-09-15Chief Executive Officer226
RUDY IRVIN ROBERTSale at price 19.01 per share.D2022-08-17Director250
RODEHEAVER CARISSA LYNNPurchase at price 19.18 per share.D2022-08-15Chief Executive Officer208
RUDY IRVIN ROBERTSale at price 18.35 per share.D2022-08-03Director256
RUSH JASON BARRYPurchase at price 18.45 per share.D2022-08-02Chief Operating Officer81
BOAL BRIAN RPurchase at price 18.45 per share.D2022-08-02Director43
MCCULLOUGH JOHN WPurchase at price 18.17 per share.D2022-08-01Director440
RODEHEAVER CARISSA LYNNPurchase at price 17.68 per share.D2022-07-15Chief Executive Officer226
RUDY IRVIN ROBERTStock Award(Grant) at price 0.00 per share.D2022-05-25Director1k
MCCULLOUGH JOHN WStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
WALLS H ANDREW IIIStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
BOAL BRIAN RStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
SHOCKLEY MARISA AStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.53k
BARR JOHN FStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
MILON PATRICIAStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
CHADHA SANUStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.66k
DIPIETRO CHRISTYStock Award(Grant) at price 0.00 per share.D2022-05-25Director1.79k
RODEHEAVER CARISSA LYNNPurchase at price 22.26 - 22.50 per share.D2022-05-03Chief Executive Officer126
MCCULLOUGH JOHN WPurchase at price 22.26 per share.D2022-05-02Director23
MCCULLOUGH JOHN WPurchase at price 22.20 per share.D2022-05-02Director346
RUSH JASON BARRYPurchase at price 22.26 per share.D2022-05-02Chief Operating Officer66
RODEHEAVER CARISSA LYNNStock Award(Grant) at price 0.00 per share.D2022-03-09Chief Executive Officer1.53k
RUSH JASON BARRYStock Award(Grant) at price 0.00 per share.D2022-03-09Chief Operating Officer791
SANDERS KEITHStock Award(Grant) at price 0.00 per share.D2022-03-09Officer775
STURM TONYA KStock Award(Grant) at price 0.00 per share.D2022-03-09Chief Financial Officer746
FISHER ROBERT L. IIStock Award(Grant) at price 0.00 per share.D2022-03-09Officer1.06k
RUSH JASON BARRYPurchase at price 20.06 per share.D2022-02-02Chief Operating Officer72
BARR JOHN FPurchase at price 19.00 per share.D2021-12-22Director520
RODEHEAVER CARISSA LYNNPurchase at price 19.11 per share.D2021-12-15Chief Executive Officer209
BARR JOHN FPurchase at price 19.99 per share.D2021-11-03Director450
RODEHEAVER CARISSA LYNNPurchase at price 18.27 per share.D2021-10-15Chief Executive Officer218
RODEHEAVER CARISSA LYNNPurchase at price 18.70 per share.D2021-09-15Chief Executive Officer213
BARR JOHN FPurchase at price 18.38 - 18.43 per share.D2021-09-14Director530
RODEHEAVER CARISSA LYNNPurchase at price 17.94 per share.D2021-08-16Chief Executive Officer222
DIPIETRO CHRISTYPurchase at price 17.95 per share.D2021-08-12Director3k
RODEHEAVER CARISSA LYNNPurchase at price 17.11 - 17.29 per share.D2021-08-03Chief Executive Officer149
MCCULLOUGH JOHN WPurchase at price 17.49 per share.D2021-08-02Director429
RUSH JASON BARRYPurchase at price 17.29 per share.D2021-08-02Chief Operating Officer82
BOAL BRIAN RPurchase at price 17.29 per share.D2021-08-02Director28
RODEHEAVER CARISSA LYNNPurchase at price 17.05 per share.D2021-07-15Chief Executive Officer234
DIPIETRO CHRISTYPurchase at price 18.30 per share.D2021-06-29Director3k
RODEHEAVER CARISSA LYNNPurchase at price 19.08 per share.D2021-06-15Chief Executive Officer209
RUDY IRVIN ROBERTStock Award(Grant) at price 0.00 per share.D2021-05-26Director1k
MCCULLOUGH JOHN WStock Award(Grant) at price 0.00 per share.D2021-05-26Director1.54k
WALLS H ANDREW IIIStock Award(Grant) at price 0.00 per share.D2021-05-26Director1.54k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to First United Corporation. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on First United Corporation

Here is the result of two systematic investment strategies applied to First United Corporation. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on First United Corporation

The following chart shows the equity curve of the two systematic investment strategies applied to First United Corporation:

First United Corporation automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 25.71% on the backtest period.

Performance at glance

Performance

25.71 %

Latent gain

447.06 $

Invested capital

1738.86 $

Annualized return

6.27 %
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Momentum strategy results on First United Corporation

This is the result of two momentum investment strategies applied to First United Corporation. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on First United Corporation

The following chart shows all the entries opened by the momentum investment system on First United Corporation:

First United Corporation momentum entries
  • The first momentum investment strategy would give 18.9% of return on First United Corporation. That represents 1129.38$ of latent gain with 5974.86$ of employed capital.
  • The second momentum investment strategy would give 19.82% of return on First United Corporation. That represents 642.76$ of latent gain with 3243.32$ of employed capital.
Performance at glance (1Q Momentum)

Performance

18.9 %

Latent gain

1129.38 $

Invested capital

5974.86 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

19.82 %

Latent gain

642.76 $

Invested capital

3243.32 $

Annualized return

5.48 %

Momentum equity curve on First United Corporation

The following chart shows the equity curve of the two momentum strategies applied to First United Corporation:

First United Corporation momentum equity

Note: the dividends potentially given by First United Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First United Corporation

The following chart shows the employed capital evolution of the two momentum strategies on First United Corporation since the beginning:

First United Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on First United Corporation

Buy the dip entry openings on First United Corporation

First United Corporation

The performance achieved by the robo-advisor on First United Corporation is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows First United Corporation stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of First United Corporation, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to First United Corporation

The following chart shows the result of the investment strategy applied to First United Corporation:

First United Corporation

Note: the dividends potentially given by First United Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First United Corporation

The following chart shows the employed capital evolution since the beginning of the investment strategy on First United Corporation:

First United Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on First United Corporation

In this section, I will compare the three previous investment strategies applied to First United Corporation.

Equity curve comparison on First United Corporation

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

First United Corporation investment strategy comparison

Employed capital comparison on First United Corporation

First United Corporation investment comparison

Performance comparison on First United Corporation

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 25.71% 447.06$ 1738.86$ 6.27%
Momentum 1 quarter 18.9% 1129.38$ 5974.86$ 4.9%
Momentum 2 quarters 19.82% 642.76$ 3243.32$ 5.48%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

6.27 %

Momentum 1Q

5.48 %

Momentum 2Q

5.48 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with First United Corporation:

Positive correlations

Most correlated stocks this year

  • First United Corporation

  • Most correlated stocks last 3 months

  • First United Corporation
  • Seanergy Maritime Holdings Corp

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between First United Corporation and the other stocks. There may be false positives or some missing correlated stocks. If the price of First United Corporation does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name First United Corporation
    Country United States
    City Oakland
    Address 19 South Second Street
    Phone 301 334 9471
    Website mybank.com
    FullTime employees 273
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker FUNC
    Market www.nasdaq.com

    First United Corporation ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown