First United (FUNC) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

First United Revenue Highlights

Latest Revenue (Y)

$6.97M

Latest Revenue (Q)

$29.81M

Main Segment (Y)

Trust Department

First United Revenue by Period

First United Revenue by Year

Date	Revenue	Change
2024-12-31	$6.97M	-90.00%
2023-12-31	$69.72M	-7.88%
2022-12-31	$75.68M	2.75%
2021-12-31	$73.66M	9.74%
2020-12-31	$67.12M	6.25%
2019-12-31	$63.17M	6.31%
2018-12-31	$59.42M	10.32%
2017-12-31	$53.86M	2.98%
2016-12-31	$52.30M	12.37%
2015-12-31	$46.54M	-6.34%
2014-12-31	$49.69M	-2.51%
2013-12-31	$50.97M	-5.60%
2012-12-31	$54.00M	-0.05%
2011-12-31	$54.02M	7.20%
2010-12-31	$50.40M	-27.23%
2009-12-31	$69.25M	5.02%
2008-12-31	$65.94M	11.15%
2007-12-31	$59.33M	7.91%
2006-12-31	$54.98M	1.00%
2005-12-31	$54.43M	9.66%
2004-12-31	$49.64M	7.98%
2003-12-31	$45.97M	12.40%
2002-12-31	$40.90M	4.42%
2001-12-31	$39.16M	7.99%
2000-12-31	$36.27M	3.91%
1999-12-31	$34.90M	10.44%
1998-12-31	$31.60M	3.95%
1997-12-31	$30.40M	9.35%
1996-12-31	$27.80M	3.35%
1995-12-31	$26.90M	5.08%
1994-12-31	$25.60M	4.07%
1993-12-31	$24.60M	-

First United generated $6.97M in revenue during NA 2024, up -90.00% compared to the previous quarter, and up 11.03% compared to the same period a year ago.

First United Revenue by Quarter

Date	Revenue	Change
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 $29.81M in revenue during Q2 2025, up 3.21% compared to the previous quarter, and up 111.35% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Other Service Charges	$887.00K	$929.00K	$925.00K	$909.00K	-
Trust Department	$9.09M	$8.28M	$8.24M	$8.65M	$7.45M
Debit Card Income	$4.07M	$4.10M	$3.96M	$3.64M	$2.90M
Brokerage Commissions	$1.45M	$1.16M	$1.05M	$1.08M	$1.00M
Service Charges on Deposit Accounts	$2.22M	$2.20M	$1.98M	$1.77M	-
Service Charges	-	-	-	-	$1.93M

First United's latest annual revenue breakdown by segment (product or service), as of Dec 24: Trust Department (51.34%), Debit Card Income (22.95%), Service Charges on Deposit Accounts (12.53%), Brokerage Commissions (8.18%), and Other Service Charges (5.01%).

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
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
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	-	-	-	-	-	-	-
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
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
Other Service Charges	$239.00K	$241.00K	$232.00K	$213.00K	$245.00K	$232.00K	$221.00K	$211.00K	$208.00K	-	-	-
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
FNLC	First Bancorp	$148.83B	$28.84M
BWFG	Bankwell Financial Group	$191.99M	$47.14M
FSBW	FS Bancorp	$184.84M	$53.84M
LNKB	LINKBANCORP	$167.59M	$39.33M
CFFI	C&F Financial	$139.59M	$47.26M
FCCO	First Community	$14.00M	$28.38M
FUNC	First United	$6.97M	$29.81M
CBAN	Colony Bankcorp	-	$27.79M
CHMG	Chemung Financial	-	$22.33M

FUNC Revenue FAQ

What is First United’s yearly revenue?

First United's yearly revenue for 2024 was $6.97M, representing a decrease of -90.00% compared to 2023. The company's yearly revenue for 2023 was $69.72M, representing a decrease of -7.88% compared to 2022. FUNC's yearly revenue for 2022 was $75.68M, representing an increase of 2.75% compared to 2021.

What is First United’s quarterly revenue?

First United'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). The company'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). FUNC's quarterly revenue for Q4 2024 was $28.78M, a 1.71% increase from the previous quarter (Q3 2024), and a 26.07% increase year-over-year (Q4 2023).

What is First United’s revenue growth rate?

First United's revenue growth rate for the last 3 years (2022-2024) was -90.79%, and for the last 5 years (2020-2024) was -89.62%.

What are First United’s revenue streams?

First United's revenue streams in c 24 are Other Service Charges, Trust Department, Debit Card Income, Brokerage Commissions, and Service Charges on Deposit Accounts. Other Service Charges generated $887K in revenue, accounting 5.01% of the company's total revenue, down -4.52% year-over-year. Trust Department generated $9.09M in revenue, accounting 51.34% of the company's total revenue, up 9.80% year-over-year. Debit Card Income generated $4.06M in revenue, accounting 22.95% of the company's total revenue, down -0.88% year-over-year. Brokerage Commissions generated $1.45M in revenue, accounting 8.18% of the company's total revenue, up 24.91% year-over-year. Service Charges on Deposit Accounts generated $2.22M in revenue, accounting 12.53% of the company's total revenue, up 1.00% year-over-year.

What is First United’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of First United was Trust Department. This segment made a revenue of $9.09M, representing 51.34% of the company's total revenue.