First United Corp (OQ:FUNC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 19 S 2nd St
OAKLAND MD 21550-1517
Tel: 1-301-533-2390
IR: See website
Key People
Carissa Lynn Rodeheaver
Chairman of the Board, President, Chief Executive Officer
Tonya K. Sturm
Chief Financial Officer, Senior Vice President, Treasurer, Secretary
Jason Barry Rush
Chief Operating Officer, Senior Vice President
Robert L. Fisher
Senior Vice President and Chief Lending Officer
Keith R. Sanders
Senior Vice President, Senior Trust Officer
Business Overview
First United Corporation is a bank holding company. The Company's primary business is serving as the parent company of First United Bank & Trust (the Bank), First United Statutory Trust I, First United Statutory Trust II and First United Statutory Trust III. It operates through community banking segment. The Bank is an independent community bank providing a range of retail and commercial banking services to businesses and individuals in its market areas. The Bank offers a range of services, such as checking, savings, money market deposit accounts, and certificates of deposit, business loans, personal loans, mortgage loans, lines of credit, and consumer-oriented retirement accounts including individual retirement accounts (IRAs) and employee benefit accounts. In addition, the Bank provides full brokerage services. The Bank also provides safe deposit and night depository facilities, insurance products and trust services.
Financial Overview
For the nine months ended 30 September 2020, FirstUnited Corp interest income increased 2% to $44M. Netinterest income after loan loss provision increased 8% to$36.4M. Net income decreased 9% to $9.3M. Net interestincome after loan loss provision reflects Interest and feeson loans increase of 5% to $39.2M, Interest on investmentsecurities: Exemp increase of 5% to $809K.
Employees: 285 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $47.15M as of Sep 30, 2020
Annual revenue (TTM): $58.81M as of Sep 30, 2020
EBITDA (TTM): $27.22M as of Sep 30, 2020
Net annual income (TTM): $12.17M as of Sep 30, 2020
Free cash flow (TTM): $11.97M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 6,988,998 as of Oct 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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