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First United FUNC Community Banking — Equipment Expense

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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:EquipmentExpense.

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 — equipment expense?
First United (FUNC) reported community banking — equipment expense of $1.22M in Q1 2026.
How has First United's community banking — equipment expense changed year-over-year?
First United's community banking — equipment expense decreased by 1.8% year-over-year, from $1.24M to $1.22M.
What is the long-term trend for First United's community banking — equipment expense?
Over 2 years (2023 to 2025), First United's community banking — equipment expense has grown at a -12.3% compound annual growth rate (CAGR), from $6.48M to $4.98M.
What does community banking — equipment expense mean?
This covers the costs associated with the maintenance, depreciation, and leasing of equipment used by the community banking segment. It reflects the capital intensity required to support the segment's physical operations.