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First United CorporationNasdaqGS:FUNC Stock Report

Market Cap US$254.9m
Share Price
US$39.54
US$44.25
10.6% undervalued intrinsic discount
1Y32.4%
7D6.4%
1D
Portfolio Value
​
View

First United Corporation

NasdaqGS:FUNC Stock Report

Market Cap: US$254.9m

First United (FUNC) Stock Overview

Operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States. More details

FUNC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends2/6

Rewards

Trading at 58.9% below our estimate of its fair value

Earnings are forecast to grow 9.66% per year

Earnings have grown 3.8% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for FUNC from our risk checks.

FUNC Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

First United Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for First United
Historical stock prices
Current Share PriceUS$39.54
52 Week HighUS$41.95
52 Week LowUS$28.00
Beta0.51
1 Month Change6.15%
3 Month Change8.90%
1 Year Change32.37%
3 Year Change194.31%
5 Year Change107.78%
Change since IPO271.79%

Recent News & Updates

Recent updates

Seeking Alpha • Aug 30

First United: Upside Isn't Over Yet

Summary First United remains a 'buy' due to strong asset quality, attractive returns, and shares trading cheaply relative to earnings despite higher price-to-book ratios. Deposit growth is supported by brokered deposits, but uninsured deposit exposure is low, reducing risk in a downturn. Net interest income, non-interest income, and net profits have all shown solid year-over-year growth, with improving margins and lower debt. FUNC outperforms peers on return on assets and equity, justifying its valuation and supporting continued optimism for shareholders. Read the full article on Seeking Alpha
Seeking Alpha • Dec 27

First United Corp.: Still Attractive Despite Increasing Non-Accruals

Summary First United Corp.'s strong earnings, with a net profit of $5.8M in Q3 and an EPS of $0.89, support a safe dividend hike. The bank's loan book is real estate heavy but shows low delinquency rates, with less than 0.4% past due and accruing. FUNC's book value is $26.89 per share, with a tangible book value of $25.06, making it relatively attractively valued at a $34 share price. I appreciate FUNC's earnings profile, conservative payout ratio, and growing trust & brokerage division, and will continue monitoring the stock. Read the full article on Seeking Alpha
Analysis Article • Mar 19

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

First United Corporation ( NASDAQ:FUNC ) has announced that it will pay a dividend of $0.20 per share on the 1st of...
Analysis Article • Jun 08

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

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Mar 12

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

The board of First United Corporation ( NASDAQ:FUNC ) has announced that it will be paying its dividend of $0.20 on the...
Analysis Article • Dec 06

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

First United Corporation's ( NASDAQ:FUNC ) periodic dividend will be increasing on the 1st of February to $0.18, with...
Seeking Alpha • Oct 20

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

First United press release (NASDAQ:FUNC): Q3 Non-GAAP EPS of $1.04. Revenue of $19.75M (+8.8% Y/Y).
Analysis Article • Oct 02

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

The board of First United Corporation ( NASDAQ:FUNC ) has announced that it will pay a dividend of $0.15 per share on...
Seeking Alpha • Sep 28

First United declares $0.15 dividend

First United (NASDAQ:FUNC) declares $0.15/share quarterly dividend, in line with previous. Forward yield 3.52% Payable Nov. 1; for shareholders of record Oct. 18; ex-div Oct. 17. See FUNC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 25

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

First United press release (NASDAQ:FUNC): Q2 Non-GAAP EPS of $0.82. Revenue of $18.38M (+7.6% Y/Y).
Analysis Article • Jul 14

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

First United Corporation ( NASDAQ:FUNC ) will pay a dividend of $0.15 on the 1st of August. This means the dividend...

Shareholder Returns

FUNCUS BanksUS Market
7D6.4%-0.4%1.6%
1Y32.4%19.5%28.2%

Return vs Industry: FUNC exceeded the US Banks industry which returned 19.5% over the past year.

Return vs Market: FUNC exceeded the US Market which returned 28.2% over the past year.

Price Volatility

Is FUNC's price volatile compared to industry and market?
FUNC volatility
FUNC Average Weekly Movement2.6%
Banks Industry Average Movement3.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: FUNC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FUNC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1900329Jason Rushmybank.com

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States. It operates through Community Banking and Wealth Management segments. The company offers deposit products, such as checking, savings, money market, individual retirement (IRA), employee benefit, and health savings accounts; regular and IRA certificates of deposit (CD); and demand deposits.

First United Corporation Fundamentals Summary

How do First United's earnings and revenue compare to its market cap?
FUNC fundamental statistics
Market capUS$254.90m
Earnings (TTM)US$25.37m
Revenue (TTM)US$88.20m
10.0x
P/E Ratio
1.2x
P/B Ratio

Is FUNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FUNC income statement (TTM)
RevenueUS$88.20m
Cost of RevenueUS$0
Gross ProfitUS$88.20m
Other ExpensesUS$62.83m
EarningsUS$25.37m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.94
Gross Margin100.00%
Net Profit Margin28.77%
Debt/Equity Ratio24.6%

How did FUNC perform over the long term?

See historical performance and comparison

Dividends

2.6%
Current Dividend Yield
26%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 16:53
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

First United Corporation is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David BishopHovde Group, LLC
Stephen MossRaymond James & Associates
Thomas ReidRaymond James & Associates