First Farmers Financial Corporation (FFMR)

First Farmers Financial Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	166.39	162.53	141.32	-	78.58
Interest Income on Investments	28.87	27.84	20.02	-	8.62
Total Interest Income	195.26	190.36	161.34	-	87.2
Interest Paid on Deposits	70.8	74.78	51.26	-	5.1
Interest Paid on Borrowings	5.6	6.52	7.33	-	2.86
Total Interest Expense	76.39	81.29	58.59	-	7.96
Net Interest Income	118.87	109.07	102.75	91.77	79.24
Net Interest Income Growth (YoY)	8.98%	6.15%	11.97%	15.81%	12.04%
Gain (Loss) on Sale of Investments	0.74	-0.21	-0.69	-	0.26
Other Non-Interest Income	9.25	8.59	8.84	16.08	9.99
Total Non-Interest Income	19.42	17.13	16.15	16.08	24.02
Non-Interest Income Growth (YoY)	13.39%	6.04%	0.43%	-33.06%	-3.31%
Revenues Before Loan Losses	138.29	126.2	118.9	107.85	103.26
Provision for Loan Losses	7.49	22.4	5.05	5.9	9.5
Revenue	130.8	103.8	113.85	101.95	93.76
Revenue Growth (YoY)	26.01%	-8.83%	11.68%	8.73%	10.09%
Salaries and Employee Benefits	38.06	34.28	32.81	-	29.93
Occupancy Expenses	13.32	10.69	9.31	-	7.31
Amortization of Goodwill & Intangibles	-	-	0.11	-	0.35
Selling, General & Administrative	9.05	8.05	7.06	-	6.29
Other Non-Interest Expense	8.1	7.83	7.64	50.72	6.55
Total Non-Interest Expense	68.53	60.85	56.94	50.72	50.43
EBT Excluding Unusual Items	62.27	42.95	56.91	51.23	43.33
Pretax Income	62.27	42.95	56.91	51.23	43.33
Income Tax Expense	12.15	7.52	10.73	9.95	7.27
Net Income	50.12	35.43	46.18	41.28	36.06
Net Income to Common	50.12	35.43	46.18	41.28	36.06
Net Income Growth	41.47%	-23.29%	11.89%	14.46%	18.46%
Basic Shares Outstanding	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7
Shares Change (YoY)	-0.53%	0.02%	0.13%	-0.43%	-0.64%
EPS (Basic)	7.17	5.04	6.57	5.88	5.11
EPS (Diluted)	7.17	5.04	6.57	5.88	5.11
EPS Growth	42.22%	-23.30%	11.73%	14.96%	19.23%
Dividend Per Share	2.000	1.930	1.880	1.730	1.390
Dividend Growth	3.63%	2.66%	8.67%	24.46%	7.75%
Effective Tax Rate	19.51%	17.51%	18.85%	19.43%	16.77%

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