Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $11.8M | $12.6M | $13.0M | $14.0M | $16.1M | $16.2M | $16.7M | $17.7M | $18.4M |
| Revenue growth | — | — | 6.5% | 3.1% | 7.8% | 14.8% | 0.6% | 3.2% | 6.3% | 4.0% |
| Net income | $7.28M | $5.27M | $10.7M | $13.1M | $13.8M | $19.8M | $25.0M | $15.1M | $20.6M | $24.5M |
| Net margin | — | 44.6% | 84.8% | 101.3% | 99.0% | 123.1% | 155.0% | 90.3% | 116.1% | 133.0% |
| EPS (diluted) | $0.84 | $0.58 | $1.51 | $1.85 | $1.97 | $2.95 | $3.76 | $2.25 | $3.15 | $3.77 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.5M | $12.9M | $18.3M | $16.4M | $16.2M | $20.0M | $26.5M | $22.5M | $22.3M | $19.4M |
| Capital expenditures | $3.92M | $6.56M | $9.48M | $3.97M | $1.60M | $1.13M | $3.58M | $353K | $1.92M | $3.97M |
| Free cash flow | $7.57M | $6.36M | $8.81M | $12.4M | $14.6M | $18.9M | $23.0M | $22.1M | $20.4M | $15.4M |
| Share buybacks | — | — | — | — | $2.75M | $7.18M | — | $1.50M | $4.03M | — |
| Dividends paid | $2.02M | $0.00 | $1.91M | $3.13M | $3.65M | $3.89M | $3.99M | $5.22M | $5.37M | $5.97M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $63.3M | $83.8M | $23.5M | $50.0M | $149M | $116M | $74.3M | $49.8M | $78.3M | $132M |
| Total assets | $1.32B | $1.34B | $1.38B | $1.44B | $1.73B | $1.73B | $1.85B | $1.91B | $1.97B | $2.09B |
| Total liabilities | $1.20B | $1.23B | $1.27B | $1.32B | $1.60B | $1.59B | $1.70B | $1.74B | $1.79B | $1.88B |
| Long-term debt | $132M | $121M | $101M | $101M | $101M | $30.9M | $30.9M | $111M | $121M | $95.9M |
| Shareholders' equity | $114M | $108M | $117M | $126M | $131M | $142M | $152M | $162M | $179M | $204M |
| Retained earnings | $92.9M | $101M | $109M | $119M | $130M | $145M | $166M | $174M | $189M | $207M |
| Shares (wtd avg diluted) | 6.27M | 7.07M | 7.09M | 7.10M | 7.01M | 6.72M | 6.66M | 6.70M | 6.54M | 6.50M |
Every figure is extracted from FIRST UNITED CORP/MD/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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