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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	56	56.42	49.18	38.96	38.49	40.32
Interest Income on Investments	11.66	11.71	11.57	12.26	9.05	7.01
Total Interest Income	67.66	68.13	60.75	51.22	47.54	47.32
Interest Paid on Deposits	16.35	17.04	14.36	2.83	2.38	3.75
Interest Paid on Borrowings	4.23	6.03	2.04	0.41	0	0.04
Total Interest Expense	20.58	23.07	16.4	3.24	2.38	3.79
Net Interest Income	47.08	45.06	44.36	47.98	45.16	43.53
Net Interest Income Growth (YoY)	10.12%	1.59%	-7.56%	6.26%	3.74%	2.54%
Trust Income	4.72	4.71	4.33	4.16	4.05	3.64
Mortgage Banking Activities	0.12	0.17	0.13	0.61	1.44	1.36
Gain (Loss) on Sale of Assets	0.15	0.15	0.01	-	-	-
Gain (Loss) on Sale of Investments	-0.06	0.03	-0.7	0.02	2.67	0.37
Other Non-Interest Income	2.17	1.89	1.93	1.7	1.53	1.63
Total Non-Interest Income	13.83	13.83	12.87	14.15	16.78	13.63
Non-Interest Income Growth (YoY)	1.67%	7.44%	-9.03%	-15.71%	23.16%	-15.13%
Revenues Before Loan Losses	60.91	58.89	57.22	62.13	61.94	57.16
Provision for Loan Losses	0.1	-0.16	-0.49	-0.32	-0.15	0.7
Revenue	60.81	59.05	57.71	62.45	62.09	56.46
Revenue Growth (YoY)	7.09%	2.31%	-7.58%	0.58%	9.98%	-4.10%
Salaries and Employee Benefits	22.52	22.22	21.58	23.12	28	24.23
Occupancy Expenses	3.93	3.9	4.19	4.45	4.69	4.55
Federal Deposit Insurance	0.88	0.9	0.92	0.68	0.64	0.37
Selling, General & Administrative	9.8	9.56	8.97	9.16	8.39	8.23
Other Non-Interest Expense	3.03	3	2.91	2.77	2.76	2.9
Total Non-Interest Expense	40.19	39.6	38.59	40.18	44.48	40.3
EBT Excluding Unusual Items	20.62	19.45	19.12	22.27	17.61	16.16
Other Unusual Items	0	0	0.33	-	1.5	0.82
Pretax Income	20.62	19.45	19.45	22.27	19.11	16.98
Income Tax Expense	3.55	3.42	3.4	4.22	3.49	2.79
Net Income	17.08	16.04	16.05	18.05	15.62	14.19
Net Income to Common	17.08	16.04	16.05	18.05	15.62	14.19
Net Income Growth	10.50%	-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)	-2.71%	-2.52%	-1.80%	-0.92%	-0.41%	-1.50%
EPS (Basic)	4.19	3.90	3.80	4.19	3.59	3.25
EPS (Diluted)	4.17	3.89	3.80	4.19	3.59	3.25
EPS Growth	13.42%	2.48%	-9.41%	16.58%	10.49%	-10.25%
Dividend Per Share	1.050	1.020	0.950	0.880	0.840	0.840
Dividend Growth	9.38%	7.37%	7.95%	4.76%	-	-
Effective Tax Rate	17.19%	17.57%	17.49%	18.94%	18.25%	16.40%

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