First Farmers and Merchants Corporation (FFMH)

FFMH Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	55.46	56.42	49.18	38.96	38.49	40.32
Interest Income on Investments	11.61	11.71	11.57	12.26	9.05	7.01
Total Interest Income	67.07	68.13	60.75	51.22	47.54	47.32
Interest Paid on Deposits	15.19	17.04	14.36	2.83	2.38	3.75
Interest Paid on Borrowings	0.38	6.03	2.04	0.41	0	0.04
Total Interest Expense	15.56	23.07	16.4	3.24	2.38	3.79
Net Interest Income	51.5	45.06	44.36	47.98	45.16	43.53
Net Interest Income Growth (YoY)	19.88%	1.59%	-7.56%	6.26%	3.74%	2.54%
Trust Income	4.74	4.71	4.33	4.16	4.05	3.64
Mortgage Banking Activities	0.14	0.17	0.13	0.61	1.44	1.36
Gain (Loss) on Sale of Assets	0.23	0.15	0.01	-	-	-
Gain (Loss) on Sale of Investments	0.08	0.03	-0.7	0.02	2.67	0.37
Other Non-Interest Income	2.23	1.89	1.93	1.7	1.53	1.63
Total Non-Interest Income	13.88	13.83	12.87	14.15	16.78	13.63
Non-Interest Income Growth (YoY)	0.68%	7.44%	-9.03%	-15.71%	23.16%	-15.13%
Revenues Before Loan Losses	65.38	58.89	57.22	62.13	61.94	57.16
Provision for Loan Losses	0.04	-0.16	-0.49	-0.32	-0.15	0.7
Revenue	65.34	59.05	57.71	62.45	62.09	56.46
Revenue Growth (YoY)	14.93%	2.31%	-7.58%	0.58%	9.98%	-4.10%
Salaries and Employee Benefits	24.13	22.22	21.58	23.12	28	24.23
Occupancy Expenses	4.11	3.9	4.19	4.45	4.69	4.55
Federal Deposit Insurance	0.81	0.9	0.92	0.68	0.64	0.37
Selling, General & Administrative	10.31	9.56	8.97	9.16	8.39	8.23
Other Non-Interest Expense	3.1	3	2.91	2.77	2.76	2.9
Total Non-Interest Expense	42.47	39.6	38.59	40.18	44.48	40.3
EBT Excluding Unusual Items	22.87	19.45	19.12	22.27	17.61	16.16
Other Unusual Items	0	0	0.33	-	1.5	0.82
Pretax Income	22.87	19.45	19.45	22.27	19.11	16.98
Income Tax Expense	4.07	3.42	3.4	4.22	3.49	2.79
Net Income	18.8	16.04	16.05	18.05	15.62	14.19
Net Income to Common	18.8	16.04	16.05	18.05	15.62	14.19
Net Income Growth	26.88%	-0.09%	-11.09%	15.56%	10.04%	-11.60%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-2.66%	-2.52%	-1.80%	-0.92%	-0.41%	-1.50%
EPS (Basic)	4.67	3.90	3.80	4.19	3.59	3.25
EPS (Diluted)	4.65	3.89	3.80	4.19	3.59	3.25
EPS Growth	30.21%	2.48%	-9.41%	16.58%	10.49%	-10.25%
Dividend Per Share	0.270	1.020	0.950	0.880	0.840	0.840
Dividend Growth	-	7.37%	7.95%	4.76%	-	-
Effective Tax Rate	17.78%	17.57%	17.49%	18.94%	18.25%	16.40%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.