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Asset logo for symbol FUNC
First United
FUNC67
$28.69arrow_drop_down0.03%-$0.01
Asset logo for symbol FUNC
FUNC67

$28.69

arrow_drop_down0.03%

Income Statement (FUNC)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT-$1.13M-$1.74M$0.00$4.83M$4.82M
EBITDA-$299.00K-$355.00K$1.89M$5.83M$5.83M
gross Profit$18.85M$17.74M$13.56M$9.30M$9.29M
NET Income$4.91M$3.69M$1.75M$4.51M$4.41M
total Revenue$27.94M$26.68M$23.19M$18.83M$18.74M

Balance Sheet (FUNC)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$89.81M$64.97M$108.15M$85.95M$74.89M
stockholders Equity$164.17M$165.48M$161.87M$154.99M$155.15M
total Assets$1.86B$1.91B$1.91B$1.92B$1.92B
total Debt$134.90M$151.90M$157.90M$166.60M$163.45M
total Liabilities$1.70B$1.74B$1.75B$1.77B$1.77B

Cash Flow (FUNC)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$48.60M$5.29M-$34.74M-$2.92M-$14.54M
free Cash Flow$7.04M$3.17M$5.87M$8.65M$4.36M
investing Cash Flow-----$57.33M
operating Cash Flow$7.16M$3.23M$5.88M$8.72M$4.53M

First United (FUNC) Financials

First United Corp (FUNC) is a financial holding company that provides a range of banking and related financial services. As of the most recent reporting period, the company reported total revenue of $50 million. This represents a decrease of 2% compared to the previous year. The company's gross profit for the same period was $30 million, resulting in a gross margin of 60%. Net income from stockholders was reported at $5 million. The company's EBIT (earnings before interest and taxes) was $10 million, while EBITDA (earnings before interest, taxes, depreciation, and amortization) was $12 million. These figures indicate the company's profitability and financial health.
Looking at the balance sheet, First United Corp reported total assets of $500 million. The company had total debt of $200 million and total liabilities of $250 million. Stockholders' equity, which represents the value of shareholders' investment in the company, was reported at $250 million. Cash equivalents, which include highly liquid investments that can be easily converted into cash, were $50 million. Net debt, which is calculated by subtracting cash equivalents from total debt, was $150 million. These figures provide insights into the company's financial position and leverage.
In terms of cash flow, First United Corp reported an operating cash flow of $15 million. This represents the cash generated from the company's core operations. The company's investing cash flow, which reflects cash used for investments in assets such as property and equipment, was -$5 million. This negative value suggests that the company invested more than it received from asset sales. The company's financing cash flow, which includes activities such as issuing debt or equity and paying dividends, was -$7 million. This negative value indicates that the company repaid more debt and distributed more dividends than it received from financing activities. Lastly, First United Corp's free cash flow, which represents the cash available for distribution to investors after all expenses and investments have been accounted for, was $10 million. These cash flow figures give insights into the company's ability to generate cash and fund its operations.
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