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 |
Website: | https://www.mybank.com |
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 |