FMAO Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	162.68	158.61	145.33	129.34	94.26	71.65
Interest Income on Investments	15.32	14.93	18.24	10.46	6.89	5.2
Total Interest Income	178	173.54	163.57	139.81	101.15	76.84
Interest Paid on Deposits	57.06	58.18	64.46	46.92	9.88	5.42
Interest Paid on Borrowings	9.9	11.07	13.2	11.49	4.48	1.92
Total Interest Expense	66.96	69.25	77.66	58.41	14.36	7.34
Net Interest Income	111.03	104.29	85.91	81.4	86.79	69.5
Net Interest Income Growth	18.07%	21.39%	5.55%	-6.21%	24.88%	16.26%
Gain (Loss) on Sale of Investments	-0.35	-	-	-0.89	-	0.29
Other Non-Interest Income	17.78	15.89	14.69	16.23	14.18	13.42
Total Non-Interest Income	19.44	17.18	15.55	16.04	15.54	17.61
Non-Interest Income Growth	20.96%	10.46%	-3.06%	3.24%	-11.77%	7.65%
Revenues Before Loan Losses	130.48	121.47	101.46	97.44	102.32	87.11
Provision for Loan Losses	1.48	2.09	0.27	1.74	4.6	3.44
Revenue	129	119.38	101.19	95.69	97.72	83.66
Revenue Growth	18.75%	17.97%	5.74%	-2.08%	16.81%	20.98%
Salaries and Employee Benefits	40.61	39.34	37.16	32.97	28.46	25.79
Federal Deposit Insurance	1.59	1.72	2.11	1.98	0.91	1.07
Amortization of Goodwill & Intangibles	3.57	3.36	2.6	2.39	1.28	1.58
Selling, General & Administrative	26.65	27	22.65	24.7	19.84	18.13
Other Non-Interest Expense	5.61	5.39	4.17	5.15	4.67	3.31
Total Non-Interest Expense	77.83	76.85	68.62	67.34	54.89	50.31
EBT Excluding Unusual Items	51.17	42.53	32.57	28.35	42.84	33.36
Pretax Income	51.17	42.53	32.57	28.35	40.48	29.5
Income Tax Expense	11.15	9.22	6.64	5.57	7.96	6
Net Income	40.02	33.31	25.94	22.79	32.52	23.5
Preferred Dividends & Other Adjustments	0.49	0.41	0.51	0.25	0.28	0.19
Net Income to Common	39.53	32.9	25.43	22.54	32.23	23.3
Net Income Growth	36.29%	29.37%	12.84%	-30.07%	38.31%	16.86%
Basic Shares Outstanding	14	14	13	13	13	12
Diluted Shares Outstanding	14	14	13	13	13	12
Shares Change	1.12%	1.05%	-0.55%	3.07%	13.15%	4.60%
EPS (Basic)	2.91	2.43	1.90	1.67	2.46	2.01
EPS (Diluted)	2.91	2.43	1.90	1.67	2.46	2.01
EPS Growth	34.77%	28.02%	13.49%	-32.11%	22.39%	11.67%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	0.917	0.900	0.882	0.850	0.800	0.710
Dividend Growth	3.67%	1.98%	3.82%	6.25%	12.68%	7.58%
Effective Tax Rate	21.78%	21.67%	20.37%	19.63%	19.67%	20.35%

SEC Filings: 10-K · 10-Q