first united bank & trust is a community bank that is passionate about serving both personal and business customers through an uncommon commitment to building helpful relationships and delivering customized solutions. a full-service financial institution, first united provides a complete range of consumer deposits, loan products and banking services, commercial deposit and loan products, and trust and insurance services. headquartered in oakland, maryland, the institution serves communities throughout maryland’s garrett, allegany, washington and frederick counties, and west virginia’s mineral, hardy, monongalia and berkeley counties, as well as neighboring areas of pennsylvania. devoted to its customers and the communities it serves, first united corporation is a one-bank holding company with more than one billion dollars in assets, nearly 30 full-service or drive-up offices and a customer service center.
Company profile
Ticker
FUNC
Exchange
Website
CEO
Carissa Rodeheaver
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
First United Bank & Trust, a Maryland corporation • OakFirst Loan Center, LLC • OakFirst Loan Center, Inc. • Liberty Mews Limited Partnership • MCC FUBT Fund, LLC • FUBT OREO I, LLC ...
IRS number
521380770
FUNC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
19 Mar 24
DEF 14A
Definitive proxy
19 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Announces Second Quarter 2024 Dividend
12 Mar 24
8-K
First United Corporation Announces Fourth Quarter 2023 Earnings
5 Feb 24
8-K
Amendments to Articles of Incorporation or Bylaws
21 Dec 23
8-K
Other Events
11 Dec 23
8-K
Announces First Quarter 2024 Dividend
30 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
First United Corporation Announces Third Quarter 2023 Earnings
25 Oct 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 80.65 mm | 80.65 mm | 80.65 mm | 80.65 mm | 80.65 mm | 80.65 mm |
Cash burn (monthly) | 2.63 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 17.54 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 63.11 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 24.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
30.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 4 |
Closed positions | 5 |
Increased positions | 9 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 27.69 bn |
Total shares | 2.03 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dimensional Fund Advisors | 324.25 k | $4.62 bn |
Vanguard | 297.81 k | $4.25 bn |
EJF Capital | 244.37 k | $3.48 bn |
Basswood Capital Management, L.L.C. | 230.78 k | $3.29 bn |
Gendell Jeffrey L | 149.22 k | $2.13 bn |
Huber Capital Management | 123.59 k | $1.76 bn |
rhino investment partners | 112.59 k | $1.61 bn |
BLK Blackrock | 110.96 k | $1.58 bn |
Bridgeway Capital Management | 66.16 k | $943.47 mm |
Renaissance Technologies | 61.62 k | $879.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Keith Sanders | Common Stock | Grant | Acquire A | No | No | 0 | 420 | 0.00 | 12,431.82 |
15 Mar 24 | Rodeheaver Carissa Lynn | Common Stock | Grant | Acquire A | No | No | 0 | 764 | 0.00 | 40,949.724 |
15 Mar 24 | Sturm Tonya K. | Common Stock | Payment of exercise | Dispose F | No | No | 21.91 | 163 | 3.57 k | 7,916.607 |
15 Mar 24 | Sturm Tonya K. | Common Stock | Grant | Acquire A | No | No | 0 | 427 | 0.00 | 8,079.607 |
15 Mar 24 | Rush Jason Barry | Common Stock | Grant | Acquire A | No | No | 0 | 502 | 0.00 | 20,947.248 |
15 Mar 24 | Fisher Robert L. II | Common Stock | Payment of exercise | Dispose F | No | No | 21.91 | 202 | 4.43 k | 10,934 |
15 Mar 24 | Fisher Robert L. II | Common Stock | Grant | Acquire A | No | No | 0 | 526 | 0.00 | 11,136 |
13 Mar 24 | Keith Sanders | Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,116 | 0.00 | 12,011.82 |
13 Mar 24 | Rodeheaver Carissa Lynn | Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,200 | 0.00 | 40,185.724 |
13 Mar 24 | Sturm Tonya K. | Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,159 | 0.00 | 7,652.607 |