First United (FUNC) Revenue & Revenue Breakdown
First United Revenue Highlights
Latest Revenue (Y)
$95.74M
Latest Revenue (Q)
$27.94M
Main Segment (Y)
Trust Department
First United Revenue by Period
First United Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $95.74M | 26.51% |
| 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 $95.74M in revenue during NA 2023, up 26.51% compared to the previous quarter, and up 161.12% compared to the same period a year ago.
First United Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $27.94M | 4.70% |
| 2024-03-31 | $26.69M | 15.04% |
| 2023-12-31 | $23.20M | 23.16% |
| 2023-09-30 | $18.84M | 0.50% |
| 2023-06-30 | $18.74M | -0.89% |
| 2023-03-31 | $18.91M | -3.86% |
| 2022-12-31 | $19.67M | 15267.97% |
| 2022-09-30 | $128.00K | -15.79% |
| 2022-06-30 | $152.00K | -99.14% |
| 2022-03-31 | $17.77M | -12.60% |
| 2021-12-31 | $20.34M | 11.56% |
| 2021-09-30 | $18.23M | 4.02% |
| 2021-06-30 | $17.53M | -0.23% |
| 2021-03-31 | $17.57M | 1.80% |
| 2020-12-31 | $17.26M | 0.39% |
| 2020-09-30 | $17.19M | 1.86% |
| 2020-06-30 | $16.88M | 5.89% |
| 2020-03-31 | $15.94M | -0.26% |
| 2019-12-31 | $15.98M | -4.14% |
| 2019-09-30 | $16.67M | 7.76% |
| 2019-06-30 | $15.47M | 2.65% |
| 2019-03-31 | $15.07M | -1.65% |
| 2018-12-31 | $15.32M | 1.71% |
| 2018-09-30 | $15.06M | 2.12% |
| 2018-06-30 | $14.75M | 3.20% |
| 2018-03-31 | $14.29M | 3.05% |
| 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 $27.94M in revenue during Q2 2024, up 4.70% compared to the previous quarter, and up 147.74% 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 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Service Charges on Deposit Accounts | $2.20M | $1.98M | $1.77M | - | - |
| Trust Department | $8.28M | $8.24M | $8.65M | $7.45M | $7.15M |
| Debit Card Income | $4.10M | $3.96M | $3.64M | $2.90M | $2.71M |
| Brokerage Commissions | $1.16M | $1.05M | $1.08M | $1.00M | $919.00K |
| Other Service Charges | $929.00K | $925.00K | $909.00K | - | - |
| Service Charges | - | - | - | $1.93M | $2.19M |
First United's latest annual revenue breakdown by segment (product or service), as of Dec 23: Trust Department (49.68%), Debit Card Income (24.60%), Service Charges on Deposit Accounts (13.19%), Brokerage Commissions (6.96%), and Other Service Charges (5.57%).
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | - | - | - | - | - | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | - | - | - | - | - | - | - |
| 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 |
|---|---|---|---|
| CHMG | Chemung Financial | $137.52M | $36.97M |
| OBT | Orange County Bancorp | $131.19M | $32.51M |
| BSVN | Bank7 | $130.79M | $35.60M |
| PKBK | Parke Bancorp | $118.56M | $31.15M |
| GCBC | Greene County Bancorp | $117.57M | $29.48M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| CVCY | Central Valley Community Bancorp | $109.04M | $20.13M |
| FUNC | First United | $95.74M | $27.94M |
| FBIZ | First Business Financial Services | $89.23M | $50.94M |
| OPOF | Old Point Financial | $80.28M | $21.59M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| AFBI | Affinity Bancshares | $45.17M | $12.93M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
FUNC Revenue FAQ
What is First United’s yearly revenue?
First United's yearly revenue for 2023 was $95.74M, representing an increase of 26.51% compared to 2022. The company's yearly revenue for 2022 was $75.68M, representing an increase of 2.75% compared to 2021. FUNC's yearly revenue for 2021 was $73.66M, representing an increase of 9.74% compared to 2020.
What is First United’s quarterly revenue?
First United's quarterly revenue for Q2 2024 was $27.94M, a 4.70% increase from the previous quarter (Q1 2024), and a 49.07% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $26.69M, a 15.04% increase from the previous quarter (Q4 2023), and a 41.12% increase year-over-year (Q1 2023). FUNC's quarterly revenue for Q4 2023 was $23.2M, a 23.16% increase from the previous quarter (Q3 2023), and a 17.94% increase year-over-year (Q4 2022).
What is First United’s revenue growth rate?
First United's revenue growth rate for the last 3 years (2021-2023) was 29.98%, and for the last 5 years (2019-2023) was 51.55%.
What are First United’s revenue streams?
First United's revenue streams in c 23 are Service Charges on Deposit Accounts, Trust Department, Debit Card Income, Brokerage Commissions, and Other Service Charges. Service Charges on Deposit Accounts generated $2.2M in revenue, accounting 13.19% of the company's total revenue, up 10.95% year-over-year. Trust Department generated $8.28M in revenue, accounting 49.68% of the company's total revenue, up 0.46% year-over-year. Debit Card Income generated $4.1M in revenue, accounting 24.60% of the company's total revenue, up 3.61% year-over-year. Brokerage Commissions generated $1.16M in revenue, accounting 6.96% of the company's total revenue, up 10.58% year-over-year. Other Service Charges generated $929K in revenue, accounting 5.57% of the company's total revenue, up 0.43% year-over-year.
What is First United’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of First United was Trust Department. This segment made a revenue of $8.28M, representing 49.68% of the company's total revenue.