First United (FUNC) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

First United Revenue Highlights

Latest Revenue (Y)

$119.18M

Latest Revenue (Q)

$1.88M

Main Segment (Y)

Trust Department

First United Revenue by Period

First United Revenue by Year

Date	Revenue	Change
2025-12-31	$119.18M	6.60%
2024-12-31	$111.80M	16.94%
2023-12-31	$95.61M	18.86%
2022-12-31	$80.44M	2.32%
2021-12-31	$78.61M	2.21%
2020-12-31	$76.92M	2.96%
2019-12-31	$74.71M	10.62%
2018-12-31	$67.54M	10.20%
2017-12-31	$61.29M	1.26%
2016-12-31	$60.52M	1.77%
2015-12-31	$59.47M	-1.54%
2014-12-31	$60.40M	-4.58%
2013-12-31	$63.30M	-6.85%
2012-12-31	$67.96M	-10.48%
2011-12-31	$75.92M	-5.20%
2010-12-31	$80.09M	-20.82%
2009-12-31	$101.14M	-9.46%
2008-12-31	$111.71M	2.81%
2007-12-31	$108.66M	15.21%
2006-12-31	$94.31M	12.48%
2005-12-31	$83.84M	13.84%
2004-12-31	$73.65M	5.87%
2003-12-31	$69.57M	4.46%
2002-12-31	$66.60M	-8.20%
2001-12-31	$72.54M	1.74%
2000-12-31	$71.31M	14.64%
1999-12-31	$62.20M	16.26%
1998-12-31	$53.50M	8.30%
1997-12-31	$49.40M	11.76%
1996-12-31	$44.20M	64.31%
1995-12-31	$26.90M	5.08%
1994-12-31	$25.60M	4.07%
1993-12-31	$24.60M	-

First United generated $119.18M in revenue during NA 2025, up 6.60% compared to the previous quarter, and up 154.95% compared to the same period a year ago.

First United Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.88M	-93.68%
2025-06-30	$29.81M	3.21%
2025-03-31	$28.88M	0.36%
2024-12-31	$28.78M	1.71%
2024-09-30	$28.30M	1.27%
2024-06-30	$27.94M	4.36%
2024-03-31	$26.77M	17.28%
2023-12-31	$22.83M	-12.25%
2023-09-30	$26.02M	6.01%
2023-06-30	$24.54M	10.44%
2023-03-31	$22.22M	2.71%
2022-12-31	$21.64M	3.59%
2022-09-30	$20.89M	9.05%
2022-06-30	$19.15M	3.22%
2022-03-31	$18.55M	-9.36%
2021-12-31	$20.47M	5.71%
2021-09-30	$19.36M	-0.08%
2021-06-30	$19.38M	2.07%
2021-03-31	$18.99M	-2.03%
2020-12-31	$19.38M	-0.81%
2020-09-30	$19.54M	1.12%
2020-06-30	$19.32M	3.53%
2020-03-31	$18.66M	-1.20%
2019-12-31	$18.89M	-3.95%
2019-09-30	$19.67M	7.18%
2019-06-30	$18.35M	3.14%
2019-03-31	$17.79M	0.03%
2018-12-31	$17.79M	4.21%
2018-09-30	$17.07M	2.79%
2018-06-30	$16.61M	3.32%
2018-03-31	$16.07M	15.88%
2017-12-31	$13.87M	0.89%
2017-09-30	$13.75M	2.44%
2017-06-30	$13.42M	4.62%
2017-03-31	$12.83M	0.22%
2016-12-31	$12.80M	-3.72%
2016-09-30	$13.29M	0.74%
2016-06-30	$13.20M	1.38%
2016-03-31	$13.02M	34.02%
2015-12-31	$9.71M	-23.85%
2015-09-30	$12.75M	5.03%
2015-06-30	$12.14M	1.69%
2015-03-31	$11.94M	-4.07%
2014-12-31	$12.45M	2.43%
2014-09-30	$12.15M	-7.95%
2014-06-30	$13.20M	10.93%
2014-03-31	$11.90M	4.20%
2013-12-31	$11.42M	-20.72%
2013-09-30	$14.40M	17.35%
2013-06-30	$12.27M	-5.50%
2013-03-31	$12.99M	1.10%
2012-12-31	$12.85M	0.32%
2012-09-30	$12.81M	-2.09%
2012-06-30	$13.08M	-14.29%
2012-03-31	$15.26M	5.18%
2011-12-31	$14.51M	18.44%
2011-09-30	$12.25M	-12.08%
2011-06-30	$13.93M	4.50%
2011-03-31	$13.33M	35.50%
2010-12-31	$9.84M	-21.95%
2010-09-30	$12.61M	-11.41%
2010-06-30	$14.23M	4.75%
2010-03-31	$13.59M	-51.71%
2009-12-31	$28.14M	70.27%
2009-09-30	$16.52M	3.74%
2009-06-30	$15.93M	-7.21%
2009-03-31	$17.17M	15.99%
2008-12-31	$14.80M	-12.83%
2008-09-30	$16.98M	-4.58%
2008-06-30	$17.79M	8.71%
2008-03-31	$16.37M	-

First United generated $1.88M in revenue during Q3 2025, up -93.68% compared to the previous quarter, and up 6.74% compared to the same period a year ago.

First United Revenue Breakdown

First United Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Brokerage Commissions	$1.45M	$1.45M	$1.16M	$1.05M	$1.08M
Debit Card Income	$4.06M	$4.07M	$4.10M	$3.96M	$3.64M
Other Service Charges	$845.00K	$887.00K	$929.00K	$925.00K	$909.00K
Service Charges on Deposit Accounts	$2.25M	$2.22M	$2.20M	$1.98M	$1.77M
Trust Department	$9.82M	$9.09M	$8.28M	$8.24M	$8.65M

First United's latest annual revenue breakdown by segment (product or service), as of Dec 25: Trust Department (53.32%), Debit Card Income (22.02%), Service Charges on Deposit Accounts (12.24%), Brokerage Commissions (7.84%), and Other Service Charges (4.59%).

Quarterly Revenue by Product

Product/Service	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Sep 18	Jun 18	Mar 18
Brokerage Commissions	$244.00K	$272.00K	$313.00K	$220.00K	$228.00K	$229.00K	$357.00K	$268.00K	$238.00K	$277.00K	$306.00K	$245.00K
Trust Department	$2.01M	$2.00M	$2.04M	$2.19M	$2.21M	$2.17M	$2.03M	$2.24M	$1.72M	$1.71M	$1.64M	$1.66M
Service Charges on Deposit Accounts	$530.00K	$523.00K	$463.00K	$465.00K	$479.00K	-	-	-	-	-	-	-
Other Service Charges	$239.00K	$241.00K	$232.00K	$213.00K	$245.00K	$232.00K	$221.00K	$211.00K	$208.00K	-	-	-
Debit Card Income	$1.04M	$1.05M	$983.00K	$886.00K	$1.02M	$900.00K	$913.00K	$810.00K	$600.00K	$617.00K	$648.00K	$553.00K
Service Charges	-	-	-	-	-	$475.00K	$412.00K	$405.00K	$519.00K	$814.00K	$768.00K	$792.00K
Bank Owned Life Insurance	-	-	-	-	-	-	-	-	$303.00K	-	-	-
Miscellaneous Other Service	-	-	-	-	-	-	-	-	$124.00K	-	-	-

First United's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Trust Department (49.47%), Debit Card Income (25.55%), Service Charges on Deposit Accounts (13.07%), Brokerage Commissions (6.02%), and Other Service Charges (5.89%).

First United Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Mar 19	Sep 18	Jun 18	Mar 18
Other Service Charges	$239.00K	$241.00K	$232.00K	$213.00K	$245.00K	$232.00K	$221.00K	$211.00K	$208.00K	-	-	-
Brokerage Commissions	$244.00K	$272.00K	$313.00K	$220.00K	$228.00K	$229.00K	$357.00K	$268.00K	$238.00K	$277.00K	$306.00K	$245.00K
Debit Card Income	$1.04M	$1.05M	$983.00K	$886.00K	$1.02M	$900.00K	$913.00K	$810.00K	$600.00K	$617.00K	$648.00K	$553.00K
Service Charges on Deposit Accounts	$530.00K	$523.00K	$463.00K	$465.00K	$479.00K	-	-	-	-	-	-	-
Trust Department	$2.01M	$2.00M	$2.04M	$2.19M	$2.21M	$2.17M	$2.03M	$2.24M	$1.72M	$1.71M	$1.64M	$1.66M
Service Charges	-	-	-	-	-	$475.00K	$412.00K	$405.00K	$519.00K	$814.00K	$768.00K	$792.00K
Bank Owned Life Insurance	-	-	-	-	-	-	-	-	$303.00K	-	-	-
Miscellaneous Other Service	-	-	-	-	-	-	-	-	$124.00K	-	-	-

First United's latest quarterly revenue breakdown by geography, as of Dec 22: Trust Department (49.47%), Debit Card Income (25.55%), Service Charges on Deposit Accounts (13.07%), Brokerage Commissions (6.02%), and Other Service Charges (5.89%).

First United Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CFFI	C&F Financial	$186.13M	$47.63M
ISTR	Investar	$143.87M	$37.09M
FSFG	First Savings Financial Group	$127.53M	$36.47M
LCNB	LCNB	$124.24M	$26.30M
BPRN	Princeton Bancorp	$122.95M	$32.74M
FUNC	First United	$119.18M	$1.88M
HWBK	Hawthorn Bancshares	$112.08M	$25.00M
OVLY	Oak Valley Bancorp	$78.21M	$-45.85M
PVBC	Provident Bancorp	$55.40M	$18.39M
VABK	Virginia National Bankshares	$53.66M	$19.47M
FVCB	FVCBankcorp	-	$1.03M

FUNC Revenue FAQ

What is First United’s yearly revenue?

First United's yearly revenue for 2025 was $119.18M, representing an increase of 6.60% compared to 2024. The company's yearly revenue for 2024 was $111.8M, representing an increase of 16.94% compared to 2023. FUNC's yearly revenue for 2023 was $95.61M, representing an increase of 18.86% compared to 2022.

What is First United’s quarterly revenue?

First United's quarterly revenue for Q3 2025 was $1.88M, a -93.68% decrease from the previous quarter (Q2 2025), and a -93.35% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $29.81M, a 3.21% increase from the previous quarter (Q1 2025), and a 6.70% increase year-over-year (Q2 2024). FUNC's quarterly revenue for Q1 2025 was $28.88M, a 0.36% increase from the previous quarter (Q4 2024), and a 7.88% increase year-over-year (Q1 2024).

What is First United’s revenue growth rate?

First United's revenue growth rate for the last 3 years (2023-2025) was 24.65%, and for the last 5 years (2021-2025) was 51.60%.

What are First United’s revenue streams?

First United's revenue streams in c 25 are Brokerage Commissions, Debit Card Income, Other Service Charges, Service Charges on Deposit Accounts, and Trust Department. Brokerage Commissions generated $1.44M in revenue, accounting 7.84% of the company's total revenue, down -0.28% year-over-year. Debit Card Income generated $4.06M in revenue, accounting 22.02% of the company's total revenue, down -0.20% year-over-year. Other Service Charges generated $845K in revenue, accounting 4.59% of the company's total revenue, down -4.74% year-over-year. Service Charges on Deposit Accounts generated $2.26M in revenue, accounting 12.24% of the company's total revenue, up 1.58% year-over-year. Trust Department generated $9.82M in revenue, accounting 53.32% of the company's total revenue, up 8.03% year-over-year.

What is First United’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of First United was Trust Department. This segment made a revenue of $9.82M, representing 53.32% of the company's total revenue.