{ "ok": true, "cik": "763907", "ticker": "FUNC", "name": "First United Corporation", "filings": [ { "form": "8-K", "filed": "2026-09-29", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926111606/0001104659-26-111606-index.htm" }, { "form": "8-K", "filed": "2026-09-24", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926110309/0001104659-26-110309-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926092127/0001104659-26-092127-index.htm" }, { "form": "8-K", "filed": "2026-07-20", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926085078/0001104659-26-085078-index.htm" }, { "form": "8-K", "filed": "2026-06-22", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926075931/0001104659-26-075931-index.htm" }, { "form": "8-K", "filed": "2026-05-28", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926067504/0001104659-26-067504-index.htm" } ], "events12m": 18, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-09-29", "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926111606/0001104659-26-111606-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000763907.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=763907" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 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.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 18426000, "revenueGrowth1y": 0.0401354784081287, "revenueGrowthPerYear": 0.0350192491926713, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 1.3304569629870835, "operatingCashFlow": 19374000, "capitalSpending": 3969000, "freeCashFlow": 15405000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 131612000, "longTermDebt": 95929000, "longTermDebtChange": -0.2067328763158548, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 16056000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 16157000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 16670000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 17715000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 18426000 } ], "totalEquity": 203634000, "totalAssets": 2087453000, "equityRatio": 0.09755141792414009, "returnOnEquity": 0.12038755806987045, "dividendsPaid": 5967000, "payoutRatio": 0.24340199877625943, "dividendPerShare": 0.96, "dividendYearsRising": 8, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 3.78, "sharesOutstanding": 6504000, "bookValuePerShare": 31.309040590405903, "revenuePerShare": 2.8330258302583027, "range80": { "low": 13029438.746077405, "high": 27075990.751631133, "baseline": 19208295.20430826, "n": 2483, "band": "b000", "bandLabel": "under $50M", "method": "v4.1", "credibility": 0.625, "growthYears": 6, "ownVolatility": 0.04586832721594253, "classVolatility": 0.3000583276631395, "volatility": 0.1872913896872811 }, "ifPaceHeld": { "low": 13029438.746077405, "high": 27075990.751631133 } }, "edgarette": "🔖 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%.", "peers": { "sic": 6021, "sicDescription": "National Commercial Banks", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6021", "growth": [ 0.0717, 20 ], "equityRatio": [ 0.1055, 19 ], "returnOnEquity": [ 0.1028, 18 ], "payoutRatio": [ 0.4022, 16 ] }, "summary": "First United (FUNC) grew revenue 4.0% in FY2025 to $18 million, equity 9.8% of assets, and dividend per share up 8 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
First United Corporation against its own record and its peers
Revenue, on the yearPeer median 7.2%4.0%Equity of assetsPeer median 10.5%9.8%Return on equityPeer median 10.3%12.0%Payout of profitPeer median 40.2%24.3%Gold tick: the median of 16–19 peers with $50M+ revenue in national commercial banks
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
24.3% paid out75.7% keptHanded back per share$0.96up 8 years runningGrowth its own profit can fund9.1%managed 4.0% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 5, "hits": 5, "rate": 1, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-30T14:36:06.655Z", "hash": "7003b7cc4ebfb7af", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "First United (FUNC) grew revenue 4.0% in FY2025 to $18 million, equity 9.8% of assets, and dividend per share up 8 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 18426000, "totalDebt": 95929000, "cash": 131612000 }, "experience": { "revenueGrowth1y": 0.0401354784081287, "revenueGrowthPerYear": 0.0350192491926713, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 1.3304569629870835, "freeCashFlow": 15405000 }, "soundness": { "equityRatio": 0.09755141792414009, "returnOnEquity": 0.12038755806987045, "payoutRatio": 0.24340199877625943, "dividendPerShare": 0.96, "dividendYearsRising": 8, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6021, "sicDescription": "National Commercial Banks", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6021", "growth": [ 0.0717, 20 ], "equityRatio": [ 0.1055, 19 ], "returnOnEquity": [ 0.1028, 18 ], "payoutRatio": [ 0.4022, 16 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-09-29", "url": "https://www.sec.gov/Archives/edgar/data/763907/000110465926111606/0001104659-26-111606-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 13029438.746077405, "high": 27075990.751631133, "baseline": 19208295.20430826, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 2483, "sizeBand": "under $50M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341, "coverageAllYears": 0.6904374799277399, "stressCoverageAllYears": 0.819004992974709, "outcomeYears": [ 2019, 2025 ] }, "credibility": { "weightOnOwnRecord": 0.625, "growthYears": 6, "ownVolatility": 0.04586832721594253, "classVolatility": 0.3000583276631395, "pricedVolatility": 0.1872913896872811, "k": 3 }, "stress": { "low": 12392018.356227208, "high": 28518400.201869074, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 5, "rate": 1, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-30T14:36:06.655Z", "hash": "7003b7cc4ebfb7af", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000763907.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=763907" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 1.0514, "growth3y": 0.0448, "volatility": 0.0459, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0976, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 105.1% of revenue into operating cash; revenue growing 4.5% a year over three years; pays and raised its dividend.", "outside": "Among under $50M companies: 95th percentile for cash, 55th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "under $50M", "cashPctInClass": 95, "growthPctInClass": 55, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±35%" } ], "rule": "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.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 19374000, "investing": -48009000, "financing": 81920000, "capitalSpending": 3969000, "free": 15405000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 20021000, "free": 18894000 }, { "fiscalYearEnd": "2022-12-31", "operating": 26543000, "free": 22967000 }, { "fiscalYearEnd": "2023-12-31", "operating": 22470000, "free": 22117000 }, { "fiscalYearEnd": "2024-12-31", "operating": 22281000, "free": 20358000 }, { "fiscalYearEnd": "2025-12-31", "operating": 19374000, "free": 15405000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 131612000, "shortTerm": null, "longTerm": 26831000, "equityHoldings": null, "totalAssets": 2087453000, "ladder": { "within1y": null, "y1to5": 250000, "y5to10": 14751000, "y10plus": 11830000, "noSingleDate": null }, "currentRatio": null, "unrealizedGain": 116000, "unrealizedLoss": 16822000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 1.0514, "growth3y": 0.0448, "volatility": 0.0459, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0976, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "now", "inside": "Turns 105.1% of revenue into operating cash; revenue growing 4.5% a year over three years; pays and raised its dividend.", "outside": "Among under $50M companies: 95th percentile for cash, 55th for growth.", "emoji": "🐄", "label": "Cash cow now", "plain": "steady, with strong cash arriving today" }, "band": "under $50M", "cashPctInClass": 95, "growthPctInClass": 55, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±35%" } ], "rule": "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.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 19374000, "investing": -48009000, "financing": 81920000, "capitalSpending": 3969000, "free": 15405000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 20021000, "free": 18894000 }, { "fiscalYearEnd": "2022-12-31", "operating": 26543000, "free": 22967000 }, { "fiscalYearEnd": "2023-12-31", "operating": 22470000, "free": 22117000 }, { "fiscalYearEnd": "2024-12-31", "operating": 22281000, "free": 20358000 }, { "fiscalYearEnd": "2025-12-31", "operating": 19374000, "free": 15405000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 131612000, "shortTerm": null, "longTerm": 26831000, "equityHoldings": null, "totalAssets": 2087453000, "ladder": { "within1y": null, "y1to5": 250000, "y5to10": 14751000, "y10plus": 11830000, "noSingleDate": null }, "currentRatio": null, "unrealizedGain": 116000, "unrealizedLoss": 16822000, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }