F & M Bank Corp. (FMBM)

F & M Bank 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	55.93	54.88	48.05	34.37	32.56
Interest Income on Investments	11.82	9.61	8.37	7.77	3.02
Total Interest Income	67.75	64.48	56.41	42.14	35.58
Interest Paid on Deposits	25.62	28.23	21.22	5.74	3.34
Interest Paid on Borrowings	0.6	2.33	3.49	1.51	0.97
Total Interest Expense	26.22	30.55	24.71	7.25	4.3
Net Interest Income	41.53	33.93	31.71	34.89	31.27
Net Interest Income Growth (YoY)	22.38%	7.02%	-9.14%	11.58%	0.68%
Trust Income	2.24	2.18	1.72	-	-
Mortgage Banking Activities	1.94	2.49	1.97	3.02	4.65
Gain (Loss) on Sale of Investments	-0.69	-0.79	-0.59	0.12	-1.39
Other Non-Interest Income	6.39	5.69	5.98	7.09	6.91
Total Non-Interest Income	11.17	10.77	10.12	11.29	11.31
Non-Interest Income Growth (YoY)	3.76%	6.42%	-10.41%	-0.12%	-7.40%
Revenues Before Loan Losses	52.7	44.7	41.82	46.19	42.58
Provision for Loan Losses	2.7	2.34	1.03	0.87	-2.82
Revenue	50	42.36	40.8	45.32	45.4
Revenue Growth (YoY)	18.04%	3.82%	-9.98%	-0.18%	13.58%
Salaries and Employee Benefits	18.56	17.88	22.5	21.07	17.93
Federal Deposit Insurance	0.94	1.04	0.79	0.56	0.41
Selling, General & Administrative	9.95	8.79	9.28	9.37	8
Other Non-Interest Expense	7.57	6.72	6.2	5.46	6.83
Total Non-Interest Expense	37.02	34.43	38.77	36.52	33.17
EBT Excluding Unusual Items	12.98	7.92	2.03	8.8	12.23
Asset Writedown	-	-	-	-	-0.17
Pretax Income	12.98	7.92	2.03	8.8	12.06
Income Tax Expense	1.75	0.64	-0.75	0.48	1.32
Earnings From Continuing Operations	11.23	7.29	2.77	8.32	10.74
Net Income	11.23	7.29	2.77	8.32	10.74
Preferred Dividends & Other Adjustments	-	-	-	-	0.2
Net Income to Common	11.23	7.29	2.77	8.32	10.54
Net Income Growth	54.14%	162.90%	-66.69%	-22.54%	22.19%
Basic Shares Outstanding	4	4	3	3	3
Diluted Shares Outstanding	4	4	3	3	3
Shares Change (YoY)	1.15%	1.04%	0.78%	0.21%	0.39%
EPS (Basic)	3.16	2.07	0.80	2.41	3.25
EPS (Diluted)	3.16	2.07	0.80	2.41	3.12
EPS Growth	52.39%	160.20%	-66.94%	-22.70%	21.71%
Dividend Per Share	1.040	1.040	1.040	1.040	1.040
Effective Tax Rate	13.47%	8.05%	-	5.46%	10.97%

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