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First United
(NASDAQ:FUNC)
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Rating:72Outperform
Price Target:
$48.00
â–²(12.31% Upside)
Action:Reiterated
Date:10/20/26
The score is driven primarily by strengthening financial performance (revenue inflection, strong TTM cash flow, and deleveraging). Valuation is attractive for a regional bank with a moderate P/E and dividend yield. Technicals are mostly neutral, and corporate updates are favorable, tempered by higher credit-loss provisioning risk.
Positive Factors
Revenue Growth
Strong revenue acceleration indicates expanding earning-asset activity and improving business scale. For a community bank, sustained growth can support operating leverage, deepen customer relationships, and create a broader base for future interest and fee income.
Negative Factors
Lower Profitability Versus Peak
Although profitability remains solid, margins have not returned to earlier highs. This indicates that improved scale has not fully restored prior earnings efficiency, potentially limiting the amount of revenue growth that translates into durable bottom-line expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue acceleration indicates expanding earning-asset activity and improving business scale. For a community bank, sustained growth can support operating leverage, deepen customer relationships, and create a broader base for future interest and fee income.
Read all positive factors
First United (FUNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$270.09M
Dividend Yield2.4%
Average Volume (3M)36.12K
Price to Earnings (P/E)11.3
Beta (1Y)0.88
Revenue Growth5.24%
EPS Growth1.64%
CountryUS
Employees329
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.87
Shares Outstanding6,453,836
10 Day Avg. Volume45,091
30 Day Avg. Volume36,124
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)1.19
Price to Sales (P/S)2.04
P/FCF Ratio15.77
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue2.17
Enterprise Value/Gross Profit3.03
Enterprise Value/Ebitda7.41
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.45
Revenue Forecast (FY)$96.78M
First United Business Overview & Revenue Model
Company Description
First United Corporation acts as the holding company for First United Bank & Trust, which delivers a wide array of retail and commercial banking solutions to both businesses and individual customers. The bank offers a diverse portfolio of deposit ...
How the Company Makes Money
First United primarily makes money through its banking subsidiary by earning interest income and generating fee-based (noninterest) income. The largest revenue driver is net interest income: the bank earns interest and fees on loans (such as comme...
First United Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
77
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.97M | 119.18M | 111.80M | 95.61M | 80.44M | 78.61M |
| Gross Profit | 88.38M | 83.70M | 76.87M | 69.75M | 76.28M | 73.72M |
| EBITDA | 36.09M | 35.59M | 31.02M | 24.39M | 36.83M | 29.74M |
| Net Income | 25.05M | 24.52M | 20.57M | 15.06M | 25.05M | 19.77M |
Balance Sheet | ||||||
| Total Assets | 2.08B | 2.09B | 1.97B | 1.91B | 1.85B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 363.50M | 151.66M | 149.94M | 146.92M | 200.20M | 402.49M |
| Total Debt | 101.17M | 114.77M | 187.72M | 157.90M | 97.87M | 91.39M |
| Total Liabilities | 1.87B | 1.88B | 1.79B | 1.74B | 1.70B | 1.59B |
| Stockholders Equity | 212.37M | 203.63M | 179.29M | 161.87M | 151.79M | 141.90M |
Cash Flow | ||||||
| Free Cash Flow | 26.28M | 15.40M | 20.36M | 22.12M | 22.97M | 18.89M |
| Operating Cash Flow | 30.14M | 19.37M | 22.28M | 22.47M | 26.54M | 20.02M |
| Investing Cash Flow | -64.97M | -48.01M | -38.44M | -81.71M | -172.40M | -28.43M |
| Financing Cash Flow | 40.91M | 81.92M | 44.73M | 34.68M | 104.46M | -25.31M |
First United Technical Analysis
Positive
42.74
Price Trends
43.48
Positive
43.21
Positive
39.98
Positive
Market Momentum
-0.01
Negative
54.01
Neutral
41.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUNC, the sentiment is Positive. The current price of 42.74 is below the 20-day moving average (MA) of 43.29, below the 50-day MA of 43.48, and above the 200-day MA of 39.98, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.01 is Neutral, neither overbought nor oversold. The STOCH value of 41.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FUNC.
First United Risk Analysis
First United disclosed 39 risk factors in its most recent earnings report. First United reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First United Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $369.69M | 10.77 | 10.98% | 3.80% | 42.39% | 1119.11% | |
77 Outperform | $319.75M | 12.23 | 10.04% | 1.48% | 4.97% | 28.06% | |
76 Outperform | $279.64M | 11.70 | 11.31% | 2.26% | 5.96% | -3.47% | |
72 Outperform | $270.09M | 11.27 | 12.11% | 2.40% | 5.24% | 1.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | $268.61M | 15.95 | 6.78% | 2.09% | 6.09% | 41.66% |
* Financial Sector Average
FUNC
First United
44.08
8.43
23.64%
NWFL
Norwood Financial
33.70
8.61
34.29%
OVLY
Oak Valley Bancorp [Ca]
33.24
6.30
23.37%
WNEB
Western New England Bancorp
13.40
2.34
21.12%
FVCB
FVCBankcorp
17.61
5.56
46.12%
FBLA
FB Bancorp, Inc.
16.43
4.43
36.92%
First United Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
First United Posts Strong Third-Quarter 2026 Earnings Growth
Positive
Oct 19, 2026
On October 19, 2026, First United Corporation reported third quarter 2026 GAAP net income of $7.2 million, or $1.11 per diluted share, up from $6.9 million a year earlier and $5.7 million in the second quarter, with nine‑month 2026 earnings ...
DividendsFinancial Disclosures
First United Declares Fourth-Quarter Cash Dividend
Positive
Sep 24, 2026
On September 23, 2026, First United Corporation announced that its Board of Directors declared a fourth-quarter cash dividend of $0.28 per share. The dividend is scheduled to be paid on November 2, 2026, to shareholders of record as of the close o...
Business Operations and StrategyDividendsFinancial Disclosures
First United Reports Lower Q2 2026 Earnings, Maintains Dividend
Neutral
Jul 20, 2026
On July 20, 2026, First United Corporation reported second-quarter 2026 GAAP net income of $5.7 million, or $0.87 per diluted share, down from both the prior quarter and the same period in 2025. For the first six months of 2026, GAAP net income ro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.