First United Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.4M | $17.7M | $16.7M | $16.2M | $16.1M | $14.0M | $13.0M | $12.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $32.5M | $27.2M | $43.8M | $38.0M | $32.0M | $27.4M | $28.0M | $21.5M |
| Operating Margin | 176.6% | 153.7% | 262.5% | 235.0% | 199.4% | 196.3% | 215.9% | 171.3% |
| Interest Expense | — | — | $24.3M | $4.8M | $5.7M | $9.7M | $11.5M | $8.1M |
| Pretax Income | $32.5M | $27.2M | $19.5M | $33.2M | $26.3M | $17.8M | $16.5M | $13.4M |
| Income Tax Expense | $8.0M | $6.7M | $4.4M | $8.1M | $6.5M | $3.9M | $3.3M | $2.8M |
| Net Income | $24.5M | $20.6M | $15.1M | $25.0M | $19.8M | $13.8M | $13.1M | $10.7M |
| Net Margin | 133.0% | 116.1% | 90.3% | 155.0% | 123.1% | 99.0% | 101.3% | 84.8% |
| EPS (Basic) | $3.78 | $3.15 | $2.25 | $3.77 | $2.95 | $1.98 | $1.85 | $1.51 |
| EPS (Diluted) | $3.77 | $3.15 | $2.25 | $3.76 | $2.95 | $1.97 | $1.85 | $1.51 |
| Shares Outstanding (Basic) | 6.5M | 6.5M | 6.7M | 6.7M | 6.7M | 7.0M | 7.1M | 7.1M |
| Shares Outstanding (Diluted) | 6.5M | 6.5M | 6.7M | 6.7M | 6.7M | 7.0M | 7.1M | 7.1M |
| Dividends Per Share | $0.96 | $0.84 | $0.80 | $0.63 | $0.60 | $0.52 | $0.44 | $0.27 |