First United (FUNC) Non Operating Interest Expenses (2010 - 2024)
First United's (FUNC) quarterly Non Operating Interest Expenses came in at $7.9 million in Q2 2024, up 35.82% year-over-year from $5.8 million in Q3 2023, and down 2.61% quarter-over-quarter from $8.1 million in Q1 2024.
Analysis
First United (FUNC) Non Operating Interest Expenses (2010 - 2024) Analysis & Trends
First United (FUNC) has reported Non Operating Interest Expenses for 15 consecutive years, with $7.9 million the latest figure, recorded in Q2 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 35.82% year-over-year to $7.9 million in Q2 2024; TTM through Jun 2024 was $31.1 million, a 152.5% increase from a year earlier, with the FY2023 full-year figure at $24.3 million, up 407.12% from the prior year.
- Non Operating Interest Expenses was $7.9 million for Q2 2024 at First United, down from $8.1 million in the prior quarter.
- Over five years, Non Operating Interest Expenses peaked at $8.1 million in Q1 2024 and troughed at $760000.0 in Q2 2022.
- A 5-year average of $3.4 million and a median of $2.3 million in 2020 frame the typical range for Non Operating Interest Expenses.
- Across the five-year window, Non Operating Interest Expenses slumped 56.28% in 2021 and surged 662.89% in 2023, its largest moves.
- Over 5 years, Non Operating Interest Expenses stood at $2.1 million in 2020, then tumbled by 56.28% to $930000.0 in 2021, then soared by 134.3% to $2.2 million in 2022, then soared by 267.0% to $8.0 million in 2023, then dropped by 1.53% to $7.9 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $7.9 million (Q2 2024), $8.1 million (Q1 2024), and $8.0 million (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | - |
| 10 | First United | 280.04 Mn | 194.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 7.88 Mn |
| Mar 31, 2024 | 8.09 Mn |
| Dec 31, 2023 | 8.00 Mn |
| Sep 30, 2023 | 7.18 Mn |
| Jun 30, 2023 | 5.80 Mn |
| Mar 31, 2023 | 3.31 Mn |
| Dec 31, 2022 | 2.18 Mn |
| Sep 30, 2022 | 1.04 Mn |
| Jun 30, 2022 | 760,000.00 |
| Mar 31, 2022 | 806,000.00 |
| Dec 31, 2021 | 930,000.00 |
| Sep 30, 2021 | 1.29 Mn |
| Jun 30, 2021 | 1.67 Mn |
| Mar 31, 2021 | 1.83 Mn |
| Dec 31, 2020 | 2.13 Mn |
| Sep 30, 2020 | 2.35 Mn |
| Jun 30, 2020 | 2.45 Mn |
| Mar 31, 2020 | 2.73 Mn |
| Dec 31, 2019 | 2.92 Mn |
| Sep 30, 2019 | 3.00 Mn |