Farmers & Merchants Bank of Long Beach (FMBL)

FMBL Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	301.69	299.72	246.82	244.06	226.66	207.29
Interest Income on Investments	137.18	115.8	93.46	63.23	59.6	73.16
Total Interest Income	438.87	415.52	340.27	307.29	286.27	280.45
Interest Paid on Deposits	113.55	81.56	15.73	8.95	17.03	22.53
Interest Paid on Borrowings	88.14	70.9	15.5	3.28	7.86	10.43
Total Interest Expense	201.69	152.45	31.23	12.23	24.88	32.97
Net Interest Income	237.18	263.07	309.04	295.06	261.38	247.49
Net Interest Income Growth (YoY)	-14.70%	-14.88%	4.74%	12.88%	5.61%	3.53%
Other Non-Interest Income	20.11	9.48	12.08	16.43	15.31	12.46
Total Non-Interest Income	27.5	16.45	18.53	22.03	20.5	19.27
Non-Interest Income Growth (YoY)	67.16%	-11.24%	-15.89%	7.45%	6.42%	6.06%
Revenues Before Loan Losses	264.68	279.52	327.57	317.09	281.88	266.76
Provision for Loan Losses	-7.2	-3.6	3.5	-	10.5	0.25
Revenue	271.88	283.12	324.07	317.09	271.38	266.51
Revenue Growth (YoY)	-8.80%	-12.64%	2.20%	16.84%	1.83%	4.63%
Salaries and Employee Benefits	110.79	112.9	113.05	103.55	104.66	96.66
Federal Deposit Insurance	11.27	9.17	4.31	3.61	2.61	1.04
Selling, General & Administrative	56.77	55.11	51.84	46.78	46.25	44.89
Other Non-Interest Expense	19.03	24	19.6	18.62	21.68	21.05
Total Non-Interest Expense	198.19	201.18	188.8	172.56	175.19	163.73
EBT Excluding Unusual Items	73.69	81.93	135.27	144.53	96.19	102.78
Pretax Income	73.69	81.93	135.27	144.53	96.19	102.78
Income Tax Expense	19.96	11.93	26.27	29.32	16.39	17.2
Net Income	53.73	70.01	109	115.21	79.8	85.57
Net Income to Common	53.73	70.01	109	115.21	79.8	85.57
Net Income Growth	-34.95%	-35.77%	-5.38%	44.37%	-6.74%	-0.07%
Basic Shares Outstanding	0	0	0	0	0	0
Diluted Shares Outstanding	0	0	0	0	0	0
Shares Change (YoY)	-0.61%	-0.78%	-0.66%	0.08%	-0.98%	-1.16%
EPS (Basic)	437.36	568.23	876.17	913.60	623.42	661.79
EPS (Diluted)	427.27	553.79	855.56	898.31	622.74	661.23
EPS Growth	-34.55%	-35.27%	-4.76%	44.25%	-5.82%	1.09%
Dividend Per Share	112.000	112.000	112.000	108.000	108.000	108.000
Dividend Growth	-33.33%	0%	3.70%	0%	0%	12.50%
Effective Tax Rate	27.09%	14.55%	19.42%	20.29%	17.04%	16.74%

Source: S&P Capital IQ. Banks template. Financial Sources.