First United Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $24.5M | $20.6M | $15.1M | $25.0M | $19.8M | $13.8M | $13.1M | $10.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $2.5M | $3.3M | $3.8M | $3.1M | $3.3M | $3.3M | $3.1M | $2.4M |
| Amortization | $329.0K | $330.0K | $330.0K | $219.0K | — | — | — | — |
| Stock-Based Compensation | $760.0K | $483.0K | $527.0K | $532.0K | $472.0K | $345.0K | $268.0K | $249.0K |
| Net Cash from Operating Activities | $19.4M | $22.3M | $22.5M | $26.5M | $20.0M | $16.2M | $16.4M | $18.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.0M | $1.9M | $353.0K | $3.6M | $1.1M | $1.6M | $4.0M | $9.5M |
| Business Acquisitions | — | — | — | $600.0K | — | — | — | — |
| Net Cash from Investing Activities | $-48.0M | $-38.4M | $-81.7M | $-172.4M | $-28.4M | $-191.3M | $-32.5M | $-113.7M |
| Financing Activities | ||||||||
| Dividends Paid | $6.0M | $5.4M | $5.2M | $4.0M | $3.9M | $3.6M | $3.1M | $0 |
| Stock Repurchases | — | $4.0M | $1.5M | — | $7.2M | $2.8M | — | — |
| Net Cash from Financing Activities | $81.9M | $44.7M | $34.7M | $104.5M | $-25.3M | $274.6M | $42.6M | $35.2M |
| Net Change in Cash | — | — | — | — | — | — | — | $-60.2M |
| Free Cash Flow | $15.4M | $20.4M | $22.1M | $23.0M | $18.9M | $14.6M | $12.4M | $8.8M |