First United Bank

My Bank is passionate about people. In a time when it seems like so many banks are just the same, First United is here with the heart to be different. It’s not just that we’re locally owned with a team that lives and works in the places you call home, it’s that we’re dedicated to helping you. We build solutions that are so customized, you’d swear we only had one customer–you! That’s why our customers call us “My Bank.” We can’t wait for you to see just what we have to offer. Founded in 1900 and headquartered in Oakland, Maryland, First United has grown to serve communities through dozens of full-service offices throughout Maryland’s Garrett, Allegany, Washington and Frederick counties, and West Virginia’s Mineral, Monongalia and Berkeley counties. The bank is held by First United Corporation, a one bank holding company with over one billion dollars in assets.
Company Growth (employees)
Type
Public
HQ
Oakland, US
Founded
1900
Size (employees)
303 (est)
Website
mybank.com
First United Bank was founded in 1900 and is headquartered in Oakland, US

First United Bank Office Locations

First United Bank has an office in Oakland
Oakland, US (HQ)
12892 Garrett Hwy

First United Bank Financials and Metrics

First United Bank Financials

First United Bank's revenue was reported to be $14.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

14.8 m

Gross profit (Q1, 2017)

12.8 m

Gross profit margin (Q1, 2017), %

87%

Net income (Q1, 2017)

2 m

EBIT (Q1, 2017)

8.8 m

Market capitalization (17-Oct-2017)

115.1 m
First United Bank's current market capitalization is $115.1 m.
USDFY, 2016

Revenue

60 m

Cost of goods sold

8.2 m

Gross profit

51.8 m

Gross profit Margin, %

86%
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

14.5 m14.9 m14.8 m15.2 m15.1 m14.8 m

Cost of goods sold

2.5 m2.3 m2 m2.1 m2.1 m2 m

Gross profit

12 m12.7 m12.8 m13.1 m13 m12.8 m

Gross profit Margin, %

83%85%86%86%86%87%
USDFY, 2015FY, 2016

Cash

52.1 m

PP&E

25.2 m

Goodwill

11 m

Total Assets

1.3 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

6.4 m5.6 m10.9 m7.3 m

Depreciation and Amortization

1.8 m1.7 m

Cash From Operating Activities

22.2 m11.7 m

Purchases of PP&E

(5.1 m)(15 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.6 m3.9 m1.4 m2.5 m4.5 m1.9 m3.6 m5.9 m2 m

Depreciation and Amortization

994 k1.5 m438 k872 k1.3 m426 k843 k1.2 m459 k

Cash From Operating Activities

3.4 m5.8 m9.1 m4.1 m4.5 m7.9 m137 k

Purchases of PP&E

(1.7 m)(3 m)(1.4 m)(2.7 m)(4.4 m)(5.5 m)(13.1 m)(4.3 m)
USDY, 2017

Revenue/Employee

48.8 k
Show all financial metrics

First United Bank Market Value History

Traffic Overview of First United Bank

First United Bank Online and Social Media Presence

First United Bank Company Life and Culture

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