First United Corporation

NasdaqGS:FUNC Stock Report

Market Cap: US$219.8m

First United Management

Management criteria checks 4/4

First United's CEO is Carissa Rodeheaver, appointed in Nov 2012, has a tenure of 12.08 years. total yearly compensation is $609.85K, comprised of 70.5% salary and 29.5% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth $1.52M. The average tenure of the management team and the board of directors is 9.6 years and 7.5 years respectively.

Key information

Carissa Rodeheaver

Chief executive officer

US$609.8k

Total compensation

CEO salary percentage70.5%
CEO tenure12.1yrs
CEO ownership0.7%
Management average tenure9.6yrs
Board average tenure7.5yrs

Recent management updates

It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

May 14
It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

Recent updates

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.20

Mar 19
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.20

If EPS Growth Is Important To You, First United (NASDAQ:FUNC) Presents An Opportunity

Jun 08
If EPS Growth Is Important To You, First United (NASDAQ:FUNC) Presents An Opportunity

First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

Mar 12
First United (NASDAQ:FUNC) Is Increasing Its Dividend To $0.20

First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

Dec 06
First United's (NASDAQ:FUNC) Dividend Will Be Increased To $0.18

First United Non-GAAP EPS of $1.04, revenue of $19.75M

Oct 20

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.15

Oct 02
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of $0.15

First United declares $0.15 dividend

Sep 28

First United Non-GAAP EPS of $0.82, revenue of $18.38M

Jul 25

First United (NASDAQ:FUNC) Is Paying Out A Dividend Of $0.15

Jul 14
First United (NASDAQ:FUNC) Is Paying Out A Dividend Of $0.15

First United declares $0.15 dividend

Jun 30

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

Apr 07
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

Mar 24
First United (NASDAQ:FUNC) Has Affirmed Its Dividend Of US$0.15

First United stock rises 2.6% after Raymond James initiates at Outperform

May 27

It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

May 14
It's Probably Less Likely That First United Corporation's (NASDAQ:FUNC) CEO Will See A Huge Pay Rise This Year

First United reports Q1 results

May 04

Here's Why I Think First United (NASDAQ:FUNC) Is An Interesting Stock

Mar 30
Here's Why I Think First United (NASDAQ:FUNC) Is An Interesting Stock

First United Corporation (NASDAQ:FUNC) Is Yielding 2.7% - But Is It A Buy?

Mar 08
First United Corporation (NASDAQ:FUNC) Is Yielding 2.7% - But Is It A Buy?

Investors Who Bought First United (NASDAQ:FUNC) Shares Five Years Ago Are Now Up 77%

Feb 10
Investors Who Bought First United (NASDAQ:FUNC) Shares Five Years Ago Are Now Up 77%

CEO Compensation Analysis

How has Carissa Rodeheaver's remuneration changed compared to First United's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$16m

Jun 30 2024n/an/a

US$15m

Mar 31 2024n/an/a

US$14m

Dec 31 2023US$610kUS$430k

US$15m

Sep 30 2023n/an/a

US$20m

Jun 30 2023n/an/a

US$23m

Mar 31 2023n/an/a

US$24m

Dec 31 2022US$732kUS$413k

US$25m

Sep 30 2022n/an/a

US$26m

Jun 30 2022n/an/a

US$23m

Mar 31 2022n/an/a

US$22m

Dec 31 2021US$559kUS$401k

US$20m

Sep 30 2021n/an/a

US$17m

Jun 30 2021n/an/a

US$17m

Mar 31 2021n/an/a

US$16m

Dec 31 2020US$539kUS$395k

US$14m

Sep 30 2020n/an/a

US$12m

Jun 30 2020n/an/a

US$12m

Mar 31 2020n/an/a

US$12m

Dec 31 2019US$400kUS$389k

US$13m

Sep 30 2019n/an/a

US$13m

Jun 30 2019n/an/a

US$11m

Mar 31 2019n/an/a

US$11m

Dec 31 2018US$394kUS$378k

US$11m

Sep 30 2018n/an/a

US$7m

Jun 30 2018n/an/a

US$6m

Mar 31 2018n/an/a

US$5m

Dec 31 2017US$375kUS$365k

US$4m

Compensation vs Market: Carissa's total compensation ($USD609.85K) is below average for companies of similar size in the US market ($USD1.41M).

Compensation vs Earnings: Carissa's compensation has been consistent with company performance over the past year.

CEO

Carissa Rodeheaver (58 yo)

12.1yrs

Tenure

US$609,845

Compensation

Ms. Carissa L. Rodeheaver, C.P.A., has been the Chairman of the Board and Chief Executive Officer of First United Corporation and First United Bank & Trust since January 1, 2016 and has been its President...

Leadership Team

NamePositionTenureCompensationOwnership
Carissa Rodeheaver
Chairman12.1yrsUS$609.85k0.69%
$ 1.5m
Jason Rush
Senior VP & COO7.9yrsUS$376.87k0.33%
$ 728.7k
Robert Fisher
Senior VP & Chief Revenue Officerno dataUS$380.27k0.17%
$ 368.2k
Tonya Sturm
Senior VP9.6yrsno data0.13%
$ 279.7k
Julie Peterson
Senior VP & Chief Credit Officerless than a yearno data0.0018%
$ 4.0k
Keith Sanders
Senior VP & Senior Trust Officer13.1yrsUS$217.83k0.19%
$ 422.4k

9.6yrs

Average Tenure

55yo

Average Age

Experienced Management: FUNC's management team is seasoned and experienced (9.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Carissa Rodeheaver
Chairman12.1yrsUS$609.85k0.69%
$ 1.5m
Irvin Rudy
Independent Director32.6yrsUS$50.13k0.60%
$ 1.3m
Hoye Walls
Independent Director18.6yrsUS$49.63k0.77%
$ 1.7m
John Barr
Independent Director10.6yrsUS$47.93k0.44%
$ 966.0k
Brian Boal
Lead Independent Director10.6yrsUS$51.83k0.29%
$ 645.4k
Patricia Milon
Independent Director4.4yrsUS$46.13k0.15%
$ 322.2k
Christy DiPietro
Independent Director3.9yrsUS$51.88k0.21%
$ 469.4k
Sanu Chadha
Independent Director3.9yrsUS$49.63k0.11%
$ 247.4k
Beth Moran
Independent Director1.9yrsUS$60.28k3.27%
$ 7.2m
Kevin Hessler
Independent Director1.3yrsUS$23.43k0.039%
$ 86.1k

7.5yrs

Average Tenure

62yo

Average Age

Experienced Board: FUNC's board of directors are considered experienced (7.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 05:27
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First United Corporation is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cary MorrisBB&T Capital Markets
Stephen MossRaymond James & Associates