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First United Corporation  (FUNC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


 

First United Corporation

FUNC's Financial Statements and Analysis



First United Corporation reported in the forth quarter of 2023 net earnings per share of $0.26 a decrease by -74.76 % year on year from $1.04 and decline of -60.95 % from $0.67 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.26 $  14 Mill
$-0.78     -74.76 % $-6M     -29.52 %



First United's Revenue fell by -29.52 % in forth quarter of 2023 (Dec 31 2023) year on year, to $14 million and declined by -22.75 % sequentially.


First United is Expected to report next financial results on March 23, 2024.

More on FUNC's Income Statement



First United's net income of $1.758 million in the forth quarter of 2023 decreased by -74.77 % from net earnings of $6.969 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -61.05 % from net income of $4.513 million realized in previous quarter.

More on FUNC's Growth

First United Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-31 million, capital expenditures grew by -0.773-99.09%, to $0 millions compare to same quarter a year ago

More on FUNC's Cash flow Statement


First United Corporation payed out dividend of $0.80 per share in last 52 weeks representing 35.71 % of net earning per share in trailing twelve-month period.

During the same period First United Corporation earned $ 3.36 cash per share, on a free-cash flow basis 149.87 % of net earning per share.

Book value grew by 4.98 % sequentially to $24.18 per share, 62.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 24.18 per share from $ 23.04.

Company repurchased 0.03 million shares or 0.52 % in Dec 31 2023.
Interest Coverage Ratio was 1.8. Debt Coverage Ratio was 0.27.

More on FUNC's Dividends

 Market Capitalization (Millions) 145
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 156
 Revenue (TTM) (Millions $) 70
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.8 $
 Dividend Yield TTM (%) 3.69 %
 Employees (TTM) $ 364




First United Corporation payed out dividend of $0.80 per share in the last 52 weeks representing 35.71 % of net earning per share in trailing twelve-month period.

During the same period First United Corporation had $ 3.36 cash flow per share, on a free-cash flow basis 149.87 % of net earning per share.

Book value grew by 4.98 % sequentially to $24.18 per share, 62.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 24.18 per share from $ 23.04.

Company repurchased 0.03 million shares or 0.52 % in Dec 31 2023.
Interest Coverage Ratio was 1.8. Debt Coverage Ratio was 0.27.

More on FUNC's Balance Sheets

 Market Capitalization (Millions) 145
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 156
 Revenue (TTM) (Millions $) 70
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.8 $
 Dividend Yield TTM (%) 3.69 %
 Employees (TTM) $ 364
   


  News about First United Corporation Earnings

2. Analyzing the Implications of First United Corporation's Revenue Contraction in the Fourth Quarter of 2023



During the past week, First United Corporation witnessed a drop of -0.58% in its shares. However, when compared to a year before, the company's shares exhibited an impressive improvement of 29.39%. With shares trending higher and just 8.6% below its 52-week high, it is important to dive deeper into First United Corporation's financial results and analyze how these figures will impact the company's future.
Revenue Reduction and Profitability Slump:
First United Corporation experienced a significant revenue reduction of -29.525% during the fourth quarter of the 2023 earnings season. This slump in revenue had a direct impact on profitability, with a decline of -74.76%. The company recorded $14...

Commercial Banks Company Witnessed a Disturbing Decline in EPS during the Recent Fiscal Period



In the face of a tumultuous market, First United Corporation's financial results for the most recent fiscal period have reflected a mix of both challenges and progress. While the company experienced a decline in net profit per share and revenue depreciation, there are indications of resilience and potential for growth. An analysis of the numbers provides a comprehensive understanding of First United Corporation's current position and future prospects.
Profitability and Revenue:
First United Corporation witnessed a drop in net profit per share by -35.58% to $0.67 per share compared to $1.04 per share a year before. However, it is worth noting that there was an improvement of 1.52% from the p...

First United Corporation Reports Modest 3.235% Rise in Revenue for Second Quarter 2023, Faces Challenges with -19.51% Decline in Earnings per Share


Introduction
First United Corporation, a Commercial Banks company, recently announced its financial results for the fiscal quarter ending June 30, 2023. While the company experienced a revenue increase of 3.235%, reaching $18.35 million, its earnings per share (EPS) saw a decline of -19.51% to $0.66. This decline in EPS indicates that First United Corporation faced challenges during this period.
Revenue Growth and Comparison
First United Corporation's revenue growth of 3.235% is commendable in itself, but it falls slightly behind the growth reported by its contemporaries in the Commercial Banks industry, which experienced a 12.66% relative increase. This comparison suggests that while First ...

First United Corporation Faces Dismal First Quarter as Earnings Contract Despite Revenue Growth

The most recent financial report of First United Corporation highlights significant challenges that the company is facing in maintaining its financial performance. A revenue advance of a mere 0.956% was not enough to prevent a severe income contraction of -24.42% in the first quarter of 2023 compared to the same period a year before. This is alarming news for investors who had hoped to see a more robust financial performance from the company.
The figures in the report show that First United Corporation's revenue for the reporting period was $18.37 million, with earnings per share at $0.65. However, these numbers pale in comparison to the previous reporting period, as income has faded by -37.29%, from $1....


Date modified: 2024-03-18T20:30:23+00:00





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