FMFG Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	36.06	30.34	25.73	22.57	23.49
Interest Income on Investments	6.29	8.03	5.59	3.7	2.19
Total Interest Income	42.36	38.36	31.32	26.27	25.68
Interest Paid on Deposits	16.46	14.52	7.97	1.38	2
Interest Paid on Borrowings	1.51	3.01	1.94	0.77	0.81
Total Interest Expense	17.97	17.53	9.91	2.15	2.81
Net Interest Income	24.39	20.84	21.42	24.12	22.88
Net Interest Income Growth (YoY)	17.06%	-2.71%	-11.22%	5.46%	32.19%
Mortgage Banking Activities	0.16	0.11	0.1	0.21	0.91
Gain (Loss) on Sale of Assets	-	-0.01	-	-	-
Gain (Loss) on Sale of Investments	0.02	-0.02	0.01	-0.06	-0.01
Other Non-Interest Income	0.97	0.71	0.67	0.53	0.53
Total Non-Interest Income	1.92	1.61	1.59	1.62	2.17
Non-Interest Income Growth (YoY)	19.44%	1.45%	-2.07%	-25.18%	4.53%
Revenues Before Loan Losses	26.31	22.45	23	25.74	25.04
Provision for Loan Losses	0.7	0.15	-0.57	0.48	0.33
Revenue	25.62	22.3	23.57	25.27	24.71
Revenue Growth (YoY)	14.89%	-5.42%	-6.71%	2.26%	31.78%
Salaries and Employee Benefits	10.72	10.01	9.5	9.66	8.93
Federal Deposit Insurance	0.58	0.39	0.34	0.18	0.31
Selling, General & Administrative	4.7	4.43	3.59	3.64	2.91
Other Non-Interest Expense	2.13	2.02	1.95	1.86	1.64
Total Non-Interest Expense	18.3	16.93	15.14	15.37	13.98
EBT Excluding Unusual Items	7.32	5.37	8.43	9.9	10.73
Other Unusual Items	-	-	-	-	-0.15
Pretax Income	7.37	5.51	8.44	10.58	10.58
Income Tax Expense	1.61	1.23	2.02	2.49	2.43
Net Income	5.77	4.28	6.42	8.09	8.15
Net Income to Common	5.77	4.28	6.42	8.09	8.15
Net Income Growth	34.78%	-33.34%	-20.67%	-0.73%	203.86%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	1.68%	1.52%	1.30%	0.94%	1.14%
EPS (Basic)	1.81	1.37	2.08	2.66	2.70
EPS (Diluted)	1.81	1.37	2.08	2.66	2.70
EPS Growth	32.55%	-34.35%	-21.68%	-1.65%	200.42%
Dividend Per Share	0.680	0.670	0.660	0.630	0.570
Dividend Growth	1.49%	1.52%	4.76%	10.53%	9.62%
Effective Tax Rate	21.80%	22.35%	23.91%	23.50%	22.99%

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