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First United FUNC Community Banking — Depreciation Nonproduction

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Other financials

Income statement

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Revenue$23.4M+11.9%
Net income$6.7M+14.8%
EPS (diluted)$1.03+15.7%

Balance sheet

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Cash & equivalents$89.8M+6.4%
Total debt$51.6M-63.8%
Total equity$205.3M+11.7%
Total assets$2.0B+3.0%

Cash flow

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Operating cash flow$13.9M+99.8%
CapEx$908.0K+55.2%
Free cash flow$13.0M+104%

Valuation

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Market cap$284.36M+49.5%
Enterprise value$246.13M-13.0%
P/E11.2×+3.2×
P/S3.1×+0.8×

Profitability

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Net margin27.8%+0.2pp
FCF margin24.2%-4.1pp

Returns & leverage

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Return on equity13%+0.1pp
Debt / equity0.3×-0.5×

Where this comes from

Reported directly by First United in its filing.

Tagged under the XBRL concept us-gaap:DepreciationNonproduction.

The official record: First United’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First United's community banking — depreciation nonproduction?
First United (FUNC) reported community banking — depreciation nonproduction of $596K in Q1 2026.
How has First United's community banking — depreciation nonproduction changed year-over-year?
First United's community banking — depreciation nonproduction decreased by 8.6% year-over-year, from $652K to $596K.
What is the long-term trend for First United's community banking — depreciation nonproduction?
Over 2 years (2023 to 2025), First United's community banking — depreciation nonproduction has grown at a -17.8% compound annual growth rate (CAGR), from $3.78M to $2.55M.
What does community banking — depreciation nonproduction mean?
This represents the non-cash expense allocated to the community banking segment for the wear and tear of physical assets not directly involved in production, such as office equipment and branch facilities. It reflects the ongoing capital investment required to maintain the segment's physical infrastructure.