Farmers & Merchants Bancshares, Inc. (FMBN)

FMBN 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
Other Revenue	8.13	8.58	7.62	6.98	6.43
Revenue	8.13	8.58	7.62	6.98	6.43
Revenue Growth (YoY)	-5.17%	12.53%	9.25%	8.58%	-16.16%
Cost of Revenue	0.23	0.02	0.07	-	-
Gross Profit	7.91	8.56	7.56	6.98	6.43
Operating Income	7.91	8.56	7.56	6.98	6.43
Interest Expense	-2	-2.88	-2.41	-1.01	-0.56
Other Non Operating Income (Expenses)	-4.5	-4.8	-5.34	-4.97	-4.85
Pretax Income	1.41	0.88	-0.19	1	1.03
Income Tax Expense	0.29	0.14	-0.11	0.2	0.15
Net Income	1.12	0.74	-0.08	0.8	0.87
Net Income to Common	1.12	0.74	-0.08	0.8	0.87
Net Income Growth	50.67%	-	-	-7.91%	-26.60%
Shares Outstanding (Basic)	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0
Shares Change (YoY)	0.57%	1.19%	0.76%	0.80%	0.59%
EPS (Basic)	4.03	2.69	-0.30	2.96	3.24
EPS (Diluted)	4.03	2.69	-0.30	2.96	3.24
EPS Growth	49.81%	-	-	-8.64%	-27.03%
Dividend Per Share	1.000	1.000	1.000	-	1.000
Gross Margin	97.23%	99.76%	99.12%	100.00%	100.00%
Operating Margin	97.23%	99.76%	99.12%	100.00%	100.00%
Profit Margin	13.78%	8.67%	-1.08%	11.51%	13.57%
EBIT	7.91	8.56	7.56	6.98	6.43
EBIT Margin	97.23%	99.76%	99.12%	100.00%	100.00%
Effective Tax Rate	20.50%	15.55%	-	19.94%	14.93%

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