First United Corporation

First United Corporation

FUNCยทNASDAQ

$39.04

-2.4%
Financial ServicesBanks - Regional

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities. It also provides loans, such as commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. In addition, the company offers various trust services, including personal trust, investment agency accounts, charitable trusts, retirement accounts that consist of IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning services; insurance products; brokerage services; and safe deposit and night depository facilities. It operates 26 banking offices, one customer care center, and 34 automated teller machines in Allegany, Frederick, Garrett, and Washington counties in Maryland; and in Mineral, Berkeley, Monongalia, and Harrison counties in West Virginia. First United Corporation was founded in 1900 and is headquartered in Oakland, Maryland.

At a Glance

Live Snapshot
Market Cap$251.68M
EPS3.7800
P/E Ratio9.91
Earnings Date07/20/2026
First United Corporation

First United Corporation Fair Value Envelope

FUNC ยท NASDAQ

Our analysis suggests that FUNC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $39.04, this represents a potential HIDDEN relative to our calculated worth for First United Corporation.

Intrinsic Value
Current Price: $39.04

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$51.3M
+ Cash & Equivalents$131.6M
Firm Value$182.9M
- Debt$114.8M
Equity Value$68.1M
/ Shares Outstanding6,486,432B
DCF Value$10
OVERVALUED BY 73%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$14.7M
$11.1M
$8.4M
$6.4M
$4.8M
$3.6M
$2.8M
$2.1M
$1.6M
$1.2M
Maintenance CapEx
-$600.7K
-$454.5K
-$343.9K
-$260.3K
-$196.9K
-$149.0K
-$112.8K
-$85.3K
-$64.6K
-$48.9K
Owner Earnings
$14.1M
$10.6M
$8.1M
$6.1M
$4.6M
$3.5M
$2.6M
$2.0M
$1.5M
$1.1M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$13.0M
$9.1M
$6.4M
$4.5M
$3.1M
$2.2M
$1.5M
$1.1M
$756.1K
$529.8K
Terminal Value represents 17.6% of Enterprise Value