First United $FUNC Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up First United Corporation ($FUNC). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-29. 18 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $18.4M (FY2025), total debt $95.9M. Experience: revenue up 4.0% on the year, up 3.5% a year over 4 years. Soundness: equity 9.8% of assets, return on equity 12.0%, payout 24.3% of profit, dividend per share up 8 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $13.0M and $27.1M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $12.4M to $28.5M. A statistical range, not company guidance. Against peers (20 filers, $50M+ revenue, national commercial banks): growth 4.0% against 7.2%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $19M · −$48M · $82M · $15M |
| Investment book (cash · short · long) | $132M · — · $27M · unrealized −$17M |
| Revenue swing · equity of assets | 4.6% · 9.8% |
First United is growing faster than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $18M |
| Revenue, on the year | 4.0% |
| Revenue, a year over the record | 3.5% |
| Operating margin | — |
| Operating margin, prior year | — |
| Net margin | 133.0% |
| Research and development | not filed separately |
| Total debt | $96M |
| Equity of assets | 9.8% |
| Return on equity | 12.0% |
| Payout of profit | 24.3% |
| Dividend per share | $0.96 · up 8 years running |
| Earnings per share | $3.78 |
| Book value per share | $31.31 |
| Revenue per share | $2.83 |
| Shares outstanding | 6,504,000 |
| Audited years read | 5 |
Peers: the median of 20 filers with $50M+ revenue in national commercial banks.
Health HarborFirst United sails as: Sound ship
Health watch · 12 monthsDirector or officer change ×7
Sailing speed follows growth: 4.5% a year crosses the harbor in 67 seconds.
🌊 Visit the Bay →- revenue is hard to predict: its 80% range is ±35%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-09-29 · 5.02 Departure or Election of Directors; Appointment of Officers
- 8-K · 2026-09-24 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-08-06
- 8-K · 2026-07-20 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-22 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-28 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company