F & M Bank Corp. (FMBM)

F & M Bank 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	55.24	54.88	48.05	34.37	32.56	35.41
Interest Income on Investments	11.03	9.61	8.37	7.77	3.02	1.38
Total Interest Income	66.26	64.48	56.41	42.14	35.58	36.79
Interest Paid on Deposits	27.81	28.23	21.22	5.74	3.34	4.62
Interest Paid on Borrowings	0.88	2.33	3.49	1.51	0.97	1.11
Total Interest Expense	28.69	30.55	24.71	7.25	4.3	5.73
Net Interest Income	37.58	33.93	31.71	34.89	31.27	31.06
Net Interest Income Growth (YoY)	15.93%	7.02%	-9.14%	11.58%	0.68%	-1.04%
Trust Income	2.21	2.18	1.72	-	-	-
Mortgage Banking Activities	2.3	2.49	1.97	3.02	4.65	6.15
Gain (Loss) on Sale of Investments	-0.79	-0.79	-0.59	0.12	-1.39	-0.89
Other Non-Interest Income	6.1	5.69	5.98	7.09	6.91	5.76
Total Non-Interest Income	11.07	10.77	10.12	11.29	11.31	12.21
Non-Interest Income Growth (YoY)	6.95%	6.42%	-10.41%	-0.12%	-7.40%	23.09%
Revenues Before Loan Losses	48.65	44.7	41.82	46.19	42.58	43.27
Provision for Loan Losses	3.06	2.34	1.03	0.87	-2.82	3.3
Revenue	45.59	42.36	40.8	45.32	45.4	39.97
Revenue Growth (YoY)	8.76%	3.82%	-9.98%	-0.18%	13.58%	17.89%
Salaries and Employee Benefits	18.77	17.88	22.5	21.07	17.93	16.04
Federal Deposit Insurance	1.03	1.04	0.79	0.56	0.41	0.38
Selling, General & Administrative	9.93	9.47	9.28	9.37	8	6.75
Other Non-Interest Expense	6.37	6.07	6.2	5.46	6.83	6.41
Total Non-Interest Expense	36.08	34.43	38.77	36.52	33.17	29.92
EBT Excluding Unusual Items	9.51	7.92	2.03	8.8	12.23	10.05
Asset Writedown	-	-	-	-	-0.17	-0.02
Pretax Income	9.51	7.92	2.03	8.8	12.06	10.04
Income Tax Expense	1.04	0.64	-0.75	0.48	1.32	1.14
Earnings From Continuing Operations	8.47	7.29	2.77	8.32	10.74	8.89
Minority Interest in Earnings	-	-	-	-	-	-0.11
Net Income	8.47	7.29	2.77	8.32	10.74	8.79
Preferred Dividends & Other Adjustments	-	-	-	-	0.2	0.26
Net Income to Common	8.47	7.29	2.77	8.32	10.54	8.53
Net Income Growth	48.46%	162.90%	-66.69%	-22.54%	22.19%	94.90%
Basic Shares Outstanding	4	4	3	3	3	3
Diluted Shares Outstanding	4	4	3	3	3	3
Shares Change (YoY)	1.18%	1.04%	0.78%	0.21%	0.39%	-0.91%
EPS (Basic)	2.40	2.07	0.80	2.41	3.25	2.66
EPS (Diluted)	2.40	2.07	0.80	2.41	3.12	2.56
EPS Growth	46.72%	160.20%	-66.94%	-22.70%	21.71%	96.69%
Dividend Per Share	1.040	1.040	1.040	1.040	1.040	1.040
Dividend Growth	-	-	-	-	-	0.97%
Effective Tax Rate	10.90%	8.05%	-	5.46%	10.97%	11.38%

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