First United Corp FUNC Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sanders Keith

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

420

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Rodeheaver Carissa Lynn

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

764

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-163

Price:

$21.91
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

427

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Rush Jason Barry

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

502

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Fisher Robert L. II

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-202

Price:

$21.91
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Fisher Robert L. II

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

526

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Sanders Keith

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-1,116

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Rodeheaver Carissa Lynn

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-2,200

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-1,159

Price:

--

Filings by filing date

Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sanders Keith

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

420

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Sanders Keith

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-1,116

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Rodeheaver Carissa Lynn

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

764

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Rodeheaver Carissa Lynn

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-2,200

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-163

Price:

$21.91
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

427

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Sturm Tonya K.

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-1,159

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Rush Jason Barry

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

502

Price:

--
Mar 13, 2024 (filed on Mar 15, 2024)

Insider Name:

Rush Jason Barry

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

D - Disposition to issuer under Rule 16b-3(e)

# or value acquired/disposed of:

-1,393

Price:

--
Mar 15, 2024 (filed on Mar 15, 2024)

Insider Name:

Fisher Robert L. II

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-202

Price:

$21.91

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	19 S 2nd St OAKLAND MD 21550
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 Revenue Officer	Keith R. Sanders Senior Vice President, Senior Trust Officer

Business Overview

First United Corporation is the parent company of First United Bank & Trust (the Bank), a Maryland trust company with commercial banking powers. The Company's segments include Community Banking, and Trust and Investment Services. The Community Banking segment is conducted through the Bank and involves delivering a broad range of financial products and services, including various loan and deposit products, to consumer, business, and not-for-profit customers. The Trust and Investment Services segment is conducted through the Bank and offers corporate trustee services, trust and estate administration, individual retirement accounts (IRA) administration and custody services. The Bank also owns approximately 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, and a 99.9% non-voting membership interest in MCC FUBT Fund, LLC. The Bank operates approximately 26 banking offices, one customer service center and 33 automated teller machines.

Financial Overview

For the three months ended 31 March 2024, First United Corp interest income increased 23% to $21.9M. Net interest income after loan loss provision decreased 8% to $12.9M. Net income decreased 15% to $3.7M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Credit loss (credit)/expense increase from $414K to $946K (expense).

Employees:	304 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$212.32M as of Mar 31, 2024
Annual revenue (TTM):	$85.23M as of Mar 31, 2024
EBITDA (TTM):	$21.39M as of Mar 31, 2024
Net annual income (TTM):	$14.38M as of Mar 31, 2024
Free cash flow (TTM):	N/A
Net Debt Last Fiscal Year:	$64.85M as of Mar 31, 2024
Shares outstanding:	6,643,161 as of Mar 31, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization