Farmers & Merchants Bank of Long Beach (FMBL)

FMBL 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	301.71	300.27	299.72	246.82	244.06	226.66
Interest Income on Investments	130.5	139.48	115.8	93.46	63.23	59.6
Total Interest Income	432.22	439.76	415.52	340.27	307.29	286.27
Interest Paid on Deposits	116.57	119.01	81.56	15.73	8.95	17.03
Interest Paid on Borrowings	61.97	83.55	70.9	15.5	3.28	7.86
Total Interest Expense	178.55	202.56	152.45	31.23	12.23	24.88
Net Interest Income	253.67	237.2	263.07	309.04	295.06	261.38
Net Interest Income Growth (YoY)	4.95%	-9.84%	-14.88%	4.74%	12.88%	5.61%
Gain (Loss) on Sale of Investments	-10.14	-10.14	-	-	-	-
Other Non-Interest Income	10.5	20.85	9.48	12.08	16.43	15.31
Total Non-Interest Income	9.57	19.57	16.45	18.53	22.03	20.5
Non-Interest Income Growth (YoY)	-64.61%	18.99%	-11.24%	-15.89%	7.45%	6.42%
Revenues Before Loan Losses	263.24	256.77	279.52	327.57	317.09	281.88
Provision for Loan Losses	-1.8	-6.6	-3.6	3.5	-	10.5
Revenue	265.04	263.37	283.12	324.07	317.09	271.38
Revenue Growth (YoY)	-3.92%	-6.98%	-12.64%	2.20%	16.84%	1.83%
Salaries and Employee Benefits	123.85	123.31	112.9	113.05	103.55	104.66
Federal Deposit Insurance	8.62	10.11	9.17	4.31	3.61	2.61
Selling, General & Administrative	48.83	48.82	55.11	51.84	46.78	46.25
Other Non-Interest Expense	16	17.36	24	19.6	18.62	21.68
Total Non-Interest Expense	197.58	199.97	201.18	188.8	172.56	175.19
EBT Excluding Unusual Items	67.46	63.4	81.93	135.27	144.53	96.19
Pretax Income	67.46	63.4	81.93	135.27	144.53	96.19
Income Tax Expense	18.43	18.52	11.93	26.27	29.32	16.39
Net Income	49.03	44.88	70.01	109	115.21	79.8
Net Income to Common	49.03	44.88	70.01	109	115.21	79.8
Net Income Growth	-13.63%	-35.89%	-35.77%	-5.38%	44.37%	-6.74%
Basic Shares Outstanding	0	0	0	0	0	0
Diluted Shares Outstanding	0	0	0	0	0	0
Shares Change (YoY)	-1.95%	-1.01%	-0.78%	-0.66%	0.08%	-0.98%
EPS (Basic)	399.61	365.52	568.23	876.17	913.60	623.42
EPS (Diluted)	396.24	358.63	553.79	855.56	898.31	622.74
EPS Growth	-11.91%	-35.24%	-35.27%	-4.76%	44.25%	-5.82%
Dividend Per Share	56.000	112.000	112.000	112.000	108.000	108.000
Dividend Growth	-50.00%	-	-	3.70%	-	-
Effective Tax Rate	27.31%	29.21%	14.56%	19.42%	20.29%	17.04%

Updated Jan 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.