First Farmers Financial Corporation (FFMR)

First Farmers Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	162.53	141.32	-	78.58	74.21
Interest Income on Investments	27.84	20.02	-	8.62	9.03
Total Interest Income	190.36	161.34	-	87.2	83.24
Interest Paid on Deposits	74.78	51.26	-	5.1	8.35
Interest Paid on Borrowings	6.52	7.33	-	2.86	4.17
Total Interest Expense	81.29	58.59	-	7.96	12.52
Net Interest Income	109.07	102.75	91.77	79.24	70.72
Net Interest Income Growth (YoY)	6.15%	11.97%	15.81%	12.04%	1.44%
Gain (Loss) on Sale of Investments	-0.21	-0.69	-	0.26	0.88
Other Non-Interest Income	8.59	8.84	16.08	9.99	9.51
Total Non-Interest Income	17.13	16.15	16.08	24.02	24.84
Non-Interest Income Growth (YoY)	6.04%	0.43%	-33.06%	-3.31%	62.10%
Revenues Before Loan Losses	126.2	118.9	107.85	103.26	95.57
Provision for Loan Losses	22.4	5.05	5.9	9.5	10.4
Revenue	103.8	113.85	101.95	93.76	85.17
Revenue Growth (YoY)	-8.83%	11.68%	8.73%	10.09%	5.90%
Salaries and Employee Benefits	34.28	32.81	-	29.93	29.08
Occupancy Expenses	10.69	9.31	-	7.31	6.73
Amortization of Goodwill & Intangibles	-	0.11	-	0.35	0.47
Selling, General & Administrative	8.05	7.06	-	6.29	6.41
Other Non-Interest Expense	7.83	7.64	50.72	6.55	6.16
Total Non-Interest Expense	60.85	56.94	50.72	50.43	48.85
EBT Excluding Unusual Items	42.95	56.91	51.23	43.33	36.32
Pretax Income	42.95	56.91	51.23	43.33	36.32
Income Tax Expense	7.52	10.73	9.95	7.27	5.88
Net Income	35.43	46.18	41.28	36.06	30.44
Net Income to Common	35.43	46.18	41.28	36.06	30.44
Net Income Growth	-23.29%	11.89%	14.46%	18.46%	3.13%
Basic Shares Outstanding	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7
Shares Change (YoY)	0.02%	0.13%	-0.43%	-0.64%	-0.69%
EPS (Basic)	5.04	6.57	5.88	5.11	4.29
EPS (Diluted)	5.04	6.57	5.88	5.11	4.29
EPS Growth	-23.30%	11.73%	14.96%	19.23%	3.88%
Dividend Per Share	1.930	1.880	1.730	1.390	1.290
Dividend Growth	2.66%	8.67%	24.46%	7.75%	5.74%
Effective Tax Rate	17.51%	18.85%	19.43%	16.77%	16.18%

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