First United (FUNC) Operating Expenses (2010 - 2026)
First United (FUNC) posted quarterly Operating Expenses of $13.7 million for Q1 2026, up 8.88% year-over-year from $12.6 million in Q1 2025, and down 7.91% quarter-over-quarter from $14.9 million in Q4 2025.
First United (FUNC) Operating Expenses (2010 - 2026) Analysis & Trends
First United (FUNC) has reported Operating Expenses for 17 consecutive years, with $13.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 8.88% year-over-year to $13.7 million; the TTM figure through Mar 2026 stood at $54.5 million (up 10.51% YoY), while the FY2025 annual figure was $53.4 million, up 7.58% from the prior year.
- Operating Expenses slipped to $13.7 million in Q1 2026 per FUNC's latest filing, from $14.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $14.9 million in Q4 2025 and bottomed at $10.3 million in Q3 2022.
- Historically, Operating Expenses has averaged $12.4 million across 5 years, with a median of $12.5 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses dropped 20.71% — and 2023, when it climbed 23.78%.
- First United's Operating Expenses stood at $11.6 million in 2022, then grew by 6.2% to $12.3 million in 2023, then decreased by 1.85% to $12.1 million in 2024, then rose by 23.08% to $14.9 million in 2025, then declined by 7.91% to $13.7 million in 2026.
- Business Quant data shows FUNC's Operating Expenses at $13.7 million in Q1 2026, $14.9 million in Q4 2025, and $13.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | First United | 279.65 Mn | 194.46 Mn | - | 15.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.77 Mn |
| Mar 31, 2026 | 13.69 Mn |
| Dec 31, 2025 | 14.87 Mn |
| Sep 30, 2025 | 12.99 Mn |
| Jun 30, 2025 | 12.97 Mn |
| Mar 31, 2025 | 12.58 Mn |
| Dec 31, 2024 | 12.08 Mn |
| Sep 30, 2024 | 12.31 Mn |
| Jun 30, 2024 | 12.36 Mn |
| Mar 31, 2024 | 12.88 Mn |
| Dec 31, 2023 | 12.31 Mn |
| Sep 30, 2023 | 12.79 Mn |
| Jun 30, 2023 | 12.51 Mn |
| Mar 31, 2023 | 12.64 Mn |
| Dec 31, 2022 | 11.59 Mn |
| Sep 30, 2022 | 10.33 Mn |
| Jun 30, 2022 | 10.63 Mn |
| Mar 31, 2022 | 10.58 Mn |
| Dec 31, 2021 | 11.22 Mn |
| Sep 30, 2021 | 13.03 Mn |